Soon after the events of January 6, 2021, plenty of people turned on Donald Trump. The Democrats invented the narrative that he “incited an insurrection.” The left rushed ahead with this insane story to drown our legitimate questions about the 2020 Election.
During that time, companies like Twitter, Facebook, and YouTube blasted Donald Trump. Buying the left’s take on the day, these companies cut ties with the former president. But this witch hunt went beyond just social networks. Signature Bank, which had two accounts with the businessman and leader, cut ties with Trump–issuing a vicious, politically-driven statement against him.
Regulators shut down New York City based Signature Bank on Sunday, a financial institution which had previously cut ties with President Donald Trump following the riot at the US Capitol on January 6, 2021.
Signature Bank is the second financial institution shuttered by the Federal Deposit Insurance Corporation (FDIC) this week after Friday’s collapse of Silicon Valley Bank. According to CNBC, “Signature is one of the main banks to the cryptocurrency industry. As of Dec. 31, Signature had $110.4 billion in total assets and $88.6 billion in total deposits, according to a securities filing.”
On January 12, 2021, the bank told The New York Post that it had begun the process of closing Trump’s two personal accounts and “will not do business in the future with any members of Congress who voted to disregard the Electoral College.” [Source: The Post Millennial]
Wow, would you look at that? Signature Bank kicked out Trump, wrongly blaming him for J6. And now, the Feds have taken over the bank because it was collapsing! Signature Bank, like Silicon Valley Bank, heavily invested in the crypto market and mainly catered to wealthy accounts.
In January of 2021, Signature Bank closed two personal accounts it had with Donald Trump. The institution then issued a “scathing” rebuke of Trump, accusing him of “encouraging” riots and “refraining” from calling in the National Guard–all of which has been debunked.
The bank claimed it had to revoke Trump’s accounts, claiming it was ensuring the “peaceful transition of power.” Wow, this bank was really full of itself, huh? But today, that bank is gone, after federal regulators shut it down.
The federal government had to rush in and secure the deposits of most of their customers as the banks folded.
Pretty ironic, huh? Signature Bank went out of its way to slander Donald Trump. There was no reason a bank had to get involved in this political issue. But Signature Bank had to let everyone know it was run by partisan liberals who hated the former president.
Yet today, Trump’s money is safe. And the many customers who continued with Signature Bank, after its political move, are terrified.
Author: Bo Dogan