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Customers with Bank of America are sounding the alarm after realizing the balances on their accounts have been wiped to zero.
Other customers are reporting they are blocked from “accessing their accounts and balance information,” according to CBS News.
The news comes amid reports of widespread outages at the bank.
Bank of America confirmed to CBS that “some clients” are dealing with a “glitch.”
The issue is preventing them from being able to access “their accounts and balance information,” according to the outlet.
In a statement, Bank of America said:
“Some clients are experiencing an issue accessing their accounts and balance information today.
Former First Lady Melania Trump has revealed that she had her bank account shut down and her business contracts canceled over her “political affiliation.”
During a new interview with Fox News anchor Maria Bartiromo, Melania Trump revealed she has been the victim of a “canceling project.” ...
“The bank suddenly informed me they will not be able to do business with me anymore,” she revealed.
" https://slaynews.com/news/melania-trump-debanked-political-affiliation/
“The bank suddenly informed me they will not be able to do business with me anymore,” she revealed."
Billionaire tech investor Marc Andreessen has accused the Biden-harris administration of leading a campaign to pressure financial institutions to “debank” customers who opposed the Democrats’ agenda.
Andreessen made the allegations during an interview with Joe Rogan on his massive podcast.
The Silicon Valley venture capitalist the Biden admin of weaponizing executive agencies to pressure financial institutions to “debank” companies and individuals who are critical of the Democrats.
“Debanking” is when a person or business has their account shut down and blocked by a financial system.
“The First Amendment says the government cannot censor American citizens,” Andreessen began.
“And so, what they do is if you want to censor American citizens in the government, if you’re smart, you don’t do that.
“What you do is you fund an outside organization and then you have them do it.” ...
“But what if you’re politically on the Left?” Rogan asked.
“That’s fine,” Andreesen replied.
“So, no one on the Left gets debanked?” Rogan asked incredulously.
“I haven’t heard of a single instance of anyone on the Left getting debanked,” Andreessen answered.
“You get kicked out of your bank account.
“You get kicked out of the — you can’t do credit card transactions.”
“This is where the government and the companies get intertwined,” he continued.
“And back to your fascism point, which is there’s a constitutional amendment that says the government can’t restrict your speech, but there’s no constitutional amendment that says the government can’t debank you, right?
Last month, the Times ran a controversial story headlined, “No, You Don’t Actually Have a Right to a Bank Account.” The sub-headline explained that, if you were debanked for a Facebook meme about Biden’s last brain cell, tough noogies.
The Times didn’t try very hard to deny that banks have been cutting off customers because of politically motivated discrimination. Crypto companies, frackers, Canadian truckers, conservative commenters, and elderly Facebook memers have all gotten the polite letters saying their business was no longer welcome at major U.S. banks.
“Lawmakers,” the Times admitted, “say there have been thousands of debanking complaints over the past few years.” ...
"Last month, the Times ran a controversial story headlined, “No, You Don’t Actually Have a Right to a Bank Account.”
Patrick says
"Last month, the Times ran a controversial story headlined, “No, You Don’t Actually Have a Right to a Bank Account.”
But they cannot deny you access to a Credit Union, can they?
But they cannot deny you access to a Credit Union, can they?
The_Deplorable says
But they cannot deny you access to a Credit Union, can they?
Credit Unions are exclusive by nature - one must qualify to be a member.
Right, that's my understanding. Credit unions are simply private groups of people who get together to provide loans and other services to each other.
I suppose a credit union could kick you out, but on the other hand there are a lot of them with various philosophies, while banks all seem centrally controlled from NY and dedicated to the woke agenda, at least until Trump got elected for the third time...
JPMorgan and Bank of America ‘debanked’ Trump under pressure from Biden admin...
The exact reason for Trump and his tens of millions of dollars in holdings being kicked off the JPMorgan banking platform, and then denied access to Bank of America’s services, has yet to be reported. ...
Trump, of course, survived it all and is now in his second presidential term. He is vowing to end debanking; his regulators have stopped enforcing the reputational risk clause and he plans an executive order in the matter.
The single most radicalizing moment of my life happened when I was 21. I was living paycheck to paycheck at the time and BARELY scraping by. It was payday, and I went to use my debt card to buy groceries, and it was rejected. I knew the direct deposit was in and I was confused. My account was almost empty. I went to the bank to figure out what happened and nearly lost my mind. I was hit with dozens of 30 dollar overdraft fees. The bank intentionally put through large charges FIRST despite the large charges being charged after. They held back the lower micro purchase charges, and then once my account was zeroed out, they put through a string of small charges, charging me 30 dollars for each one. I paid over 30 dollars for a tin of altoids, I paid 35 dollars for five dollars in gas. Had they posted the charges correctly, I would have just been rejected. I was young and dumb and barely scraping by, but my balance at the ATM kept saying there were funds available. They hit me with so many overdraft fees that it took me months to get back on even footing.
I still think about it today, and I'm filled with rage. They still pull this nonsense today on the young and poor. So yes, I'm harsh and critical towards our banking system. I want them all in prison.
Maybe you never could trust banks:
Maybe you never could trust banks:
https://x.com/9mm_smg/status/1955000387003416775
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Not to mention the Canadian banks who confiscated accounts from the peaceful truckers who did not want to be injected with the very dangerous and utterly ineffective mRNA gene-altering experiment.