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IPFS News Link • Treasury
Yellen Under Fire for Encouraging Debanking Practices
• Armstrong EconomicsUS Treasury Secretary and establishment puppet Janet Yellen has denied the advice of her own advisors to encourage debanking practices. Twenty Republican Attorney Generals have reached out to Yellen to remind her that she is not permitted to impede with state laws to weaponize her department against the Democrat's political opponents.
Florida Attorney General Ashley Moody declared US Treasury has "forsaken its statutory role and instead chosen to intervene on behalf of activists seeking to hijack the financial system for their political ends."
This has been happening across the world, and instances of debanking for political purposes have reached new heights in 2024. In April, 15 AGs attempted to reach out to Bank of America over a "troubling financial pattern" of debanking Christian organizations. "Bank of America has a track record of de-banking religious organizations," the letter states, followed by examples of banks suddenly freezing funds of Christians and churches without warning. Why? National security, of course.