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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMaddowBlog-The absurd claim at the heart of Trump's suit against JPMorgan Chase
Youre not allowed to do what they did, the president said of the banking giant, making a claim thats difficult to take seriously.
After Jan 6, JPMorgan Chase saw a scandal-plagued politician with a history of bankruptcies and business failures taking dangerous steps to overturn an election. It effectively said, âLet's not do business with this guy anymore.â
— Steve Benen (@stevebenen.com) 2026-01-23T20:34:48.092Z
Five years later, Trump decided this entitles him to billion.
https://www.ms.now/rachel-maddow-show/maddowblog/trump-jpmorgan-chase-suit-jamie-dimon
In fact, last summer the president appeared on CNBC and whined for a quite a while about how banks in general (and JPMorgan Chase in particular) had discriminated against me very badly. Around the same time, the Republican signed an executive order that directed federal regulators to investigate banks in search of evidence of political discrimination.
This week, he went even further. My MS NOW colleague Erum Salam reported:
In the complaint, filed in Miami-Dade County, Florida, the president alleged, among other things, that JPMorgan Chase engaged in debanking after Trumps role in the assault on the Capitol, as part of the banks woke beliefs.....
That position seems likely to prevail. Trumps argument, in a nutshell, is that JPMorgan Chase saw a scandal-plagued politician with a history of bankruptcies and business failures taking dangerous steps to remain in office after he lost an election. At that point, the bank effectively said, Maybe we shouldnt be doing business with this guy.
Five years later, Trump decided that this conclusion was woke and that it entitles him to at least $5 billion in damages.
Its difficult to say why exactly the president waited five years to file this civil suit, though its worth noting for context that Jamie Dimon, the banks CEO (who is also a defendant in the case), said in November that he wouldnt donate to Trumps White House ballroom vanity project.
This week, he went even further. My MS NOW colleague Erum Salam reported:
President Donald Trump on Thursday sued JPMorgan Chase and its CEO, Jamie Dimon, for closing his accounts five years ago and allegedly putting him and his family on a blacklist.
The lawsuit centers on the banking giants closure of several accounts linked to Trump in the wake of the Jan. 6, 2021, attacks on the U.S. Capitol by a mob of MAGA supporters. Trump is seeking at least $5 billion in damages.
In the complaint, filed in Miami-Dade County, Florida, the president alleged, among other things, that JPMorgan Chase engaged in debanking after Trumps role in the assault on the Capitol, as part of the banks woke beliefs.....
That position seems likely to prevail. Trumps argument, in a nutshell, is that JPMorgan Chase saw a scandal-plagued politician with a history of bankruptcies and business failures taking dangerous steps to remain in office after he lost an election. At that point, the bank effectively said, Maybe we shouldnt be doing business with this guy.
Five years later, Trump decided that this conclusion was woke and that it entitles him to at least $5 billion in damages.
Its difficult to say why exactly the president waited five years to file this civil suit, though its worth noting for context that Jamie Dimon, the banks CEO (who is also a defendant in the case), said in November that he wouldnt donate to Trumps White House ballroom vanity project.
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MaddowBlog-The absurd claim at the heart of Trump's suit against JPMorgan Chase (Original Post)
LetMyPeopleVote
7 hrs ago
OP
wolfie001
(7,241 posts)1. Always remember:
THE FUCKING EPSTEIN FILES! Fatso always trying to change the subject
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lostnfound
(17,428 posts)2. If presidents are protected from private lawsuits during presidency, he shouldn't be allowed to sue, either.
aside from conflicts of interest, theres also the matter of the presidency being a more than full time job.