Category: Business

The left, acting as it does, has done its level best to blame President Trump for the bank meltdowns now plaguing the U.S.

Enter Barney Frank, whose name was on the 2010 banking reform bill, known as Dodd-Frank, that had caused all the problems.  Turns out Trump didn’t cause the problem.

Trump has gotten the last laugh in his battle against a ‘Woke’ bank that closed his account in the aftermath of the 2020 election. Signature Bank is now finding itself closed.

After the January 6 Fedsurrection, Signature Bank issued a self-righteous statement that was a signature example of Woke stupidity.

“We have never before commented on any political matter and hope to never do so again,” said the New York-based bank led by Joseph J. DePaolo. “However, as Americans we are deeply, deeply saddened by the rioting and insurrection which took place in the most sacred of American institutions, our United States Capitol.”

“President Biden is prioritizing politics over his own people,” House Speaker Kevin McCarthy said at a signing ceremony for a bill that would nullify a Department of Labor rule that allowed retirement plan investment managers to prioritize environmental or social factors (ESG) over financial benefits when making investment decisions should it pass into law.

“Hardworking Americans don’t need a regulation from Washington that steers them into higher fee, lower performing, less diversified funds, and that’s what these so-called ESG funds are,” Rep. Andy Barr (R-KY), who brought the bill to Congress, said. “Where people who are invested in ESG — unwittingly and without their consent in many cases — they suffer losses far greater than the average investor who is broadly and diversely invested across the board. And it’s true: these funds carry 43 percent higher fees which also eat their returns.”