Social justice bankers are the latest tool used by radical progressives to apply pressure against conservative government principles. As insane as the notion may seem, some of the largest banks in America, including Bank of America and Wells Fargo, are denying services to companies who provide services to certain government agencies, most notably Immigration and Customs Enforcement (ICE). Five Republican Senators have introduced a bill that would punish banks who deny law-abiding, creditworthy companies simply because they contract with the U.S. government.
Senators Marco Rubio, Ted Cruz, Marsha Blackburn, Tom Cotton, and Kevin Cramer introduced the bill that would amend FDIC laws. The Financial Defense of Industrial Contractors (FDIC) Act, symbolically having the same initials as the Federal Deposit Insurance Corporation that insures the money we keep in banks, would withdraw the issued insurance of banks that deny services based solely on affiliation with government agencies.
“It’s deeply concerning to see our country’s largest banks caving to the radical Left’s social agenda,” Cruz said. “Banks should be making decisions that are based on research and facts, not political pressure. I support our ICE agents and the contractors who work for them. They are risking their lives every day to keep this country safe. They deserve better.”
Six major banks operating in the United States—Wells Fargo, JP Morgan, Bank of America, BNP Paribas, Barclays, and SunTrust—have announced they will no longer provide depository services to contractors which operate facilities on behalf of ICE. They’re acting on prompting from Democratic lawmakers, most notably state lawmakers in California, who are using the banks’ clout to damage those who contract with ICE and dissuade future cooperation from other companies.
“Some of our nation’s largest banks have decided to cater to the radical left’s ‘woke’ agenda by abusing their systemic influence in our economy to deprive law-abiding federal contractors of banking services critical to their business,” Rubio said. “Banks have a right to deny funds to certain businesses, but they shouldn’t enjoy taxpayer-provided guarantees if they are undermining the public policy of the United States.”
This bill was handled in the most appropriate fashion possible, staying true to limited-government federalism while applying the ultimate pressure to the banks. It would be catastrophic for these banks to lose their FDIC membership. The bill still allows for autonomy without government interference, opting to punish non-adherence instead of mandating adherence. They can still choose to do as they please as private corporations, but they cannot expect the U.S. government to cover them when they’re attempting to hinder one of the most crucial law enforcement agencies at the federal level.
“Some large banks are weaponizing their essential position in the economy to discriminate against companies who assist our immigration law enforcement operations,” Cramer said. “If they would like the right to deny service to certain companies, the federal government should have the right to withdraw its taxpayer-funded guarantees.”
These social justice bankers are welcome to engage in Cultural Marxism. But they cannot subvert law-abiding, creditworthy companies and still expect the federal government to cover their losses.
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
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