Pull Their Banking Charters
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2018-04-11 08:54 by Karl Denninger
in Banking System , 144 references Ignore this thread
Pull Their Banking Charters
[Comments enabled]

It's simple, really.

Banks have a government-granted monopoly on credit creation.

This ought to come with a strict non-discrimination requirement -- that is, they must serve every legal business and every consumer engaged in a lawful transaction, without exception.

So both Amalgamated and Citibank must lose their charters.  Add Bank of America to that too.

Now.

If they don't?

Then the people of this nation are entirely justified in calling for and maintaining derivative boycotts against every single one of their commercial customers.

Direct, intentional violations of the 2nd Amendment, which is clear and says shall not be infringed must not be tolerated.

May these "banks" be utterly destroyed.

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Aaugusti
Posts: 13
Incept: 2010-10-01

Michigan
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A quick google search on Amalgamated Bank shows they are majority owned by Workers United. That in itself is reason for me to never use their services.
Maynard
Posts: 581
Incept: 2007-11-27

On the Road Again
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There is something dark about these sort of releases. So, Company "X" says they support something that is going to drive away more business than their policy creates. That doesn't make sense on the surface. So banks are political entities. I know they always have had their hand in the cookie jar but still...

On the other hand, I (somewhat) understand why credit card companies won't handle state legal weed transactions.
Dilbs
Posts: 81
Incept: 2011-04-19

Maryland
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Amen to pulling charters. It should happen a lot more often. In the case of breaking the law, charters revoked and BoD jailed. Now, that said, they should also be forced to use only unarmed guards, both at their physical locations as well as during transportation... and revoke their FDIC protection.
Aztrader
Posts: 7961
Incept: 2007-09-10

Scottsdale, AZ
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It seems that discrimination is perfectly fine if it fits the left's agenda. Watching all of this crap unwind tells me that the Sh** is going to hit the fan sooner then later. Today, we have GOP Senators working on a bill to stop Trump from firing Mueller. Every swamp creature is coming out and exposing who they really are and it's amazing the numbers of these traitors running our government.
They have allowed the big banks to get away with financial murder in the past ten years. There has been no rule of law for the banks, wall street or the corporations. The GOP will throw the election in November so that Trump can't get anything done. It's out of control.
Mooreupp
Posts: 500
Incept: 2007-10-31

Ohio
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Hate to see citi on there as I do like there, basically 2 percent cash back card. It has been a main one for purchases. Probably going to give it up now and let them know why.

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The Constitution is the law. It is not, and was never meant to be a "living document."
Jack_crabb
Posts: 5345
Incept: 2010-06-25

Peoples' Republik of Maryland
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Quote:
Hate to see citi on there as I do like there...


...as long as I get mine (just like our genial host has railed for years.)

How does banker dick taste?

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Molon Labe
Where is Henry Bowman when you need him?
How many are willing to pledge this? We mutually pledge to each other our Lives, our Fortunes, and our Sacred Honor
Tickerguy
Posts: 152426
Incept: 2007-06-26
A True American Patriot!
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Quote:
How does banker dick taste?

Especially after it was just rammed up your *******.

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Winding it down.
Ckaminski
Posts: 4562
Incept: 2011-04-08

Mass-Hole!
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Oh my Citi is going away.

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