Wall Street has been weaponizing the financial system against conservatives for years.
The Left screamed this was all a conspiracy theory.
But a government watchdog exposed this war Wall Street is waging on conservatives.
Nine major banks caught red-handed targeting conservative industries
The Office of the Comptroller of the Currency just dropped a bombshell report confirming what conservatives have known all along.
JPMorgan Chase, Bank of America, Citibank, Wells Fargo, U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank all got caught systematically discriminating against customers based on their political beliefs and religious affiliations between 2020 and 2023.¹
The banks maintained formal policies targeting entire industries they considered politically incorrect.
Oil and gas companies got hit first.
Banks cited "ambitious climate campaigns" and "environmental commitments" as justification for denying services to energy producers.¹
Coal mining operations faced systematic exclusion from financial services.
Multiple banks announced they wouldn't work with any company deriving revenue from coal extraction or coal-powered plants.¹
The firearms industry discovered banks targeted them over "polarizing public opinion" on gun ownership.
At least two banks blamed "polarized" views on Second Amendment rights for discriminating against gun manufacturers and retailers.¹
Private prisons got debanked because activist employees and investors claimed these facilities were "profiting from incarceration."¹
Even political action committees and parties faced restrictions from banks that refused lending and financial services to support campaign efforts.¹
Banks used media hysteria to justify political discrimination
They targeted industries based on negative media coverage and activist pressure campaigns.
"Many industry sectors were restricted based primarily on how it might appear to the public if the bank provided access to financial services to these sectors," the OCC stated.²
Banks assigned "environmental" and "social" ratings to punish companies the Left hated.
Tobacco manufacturers, e-cigarette distributors, adult entertainment businesses, and digital asset companies all faced systematic discrimination.¹
If left-wing activists screamed about an industry, banks cut them off from financial services.
Conservative groups learned this the hard way.
General Michael Flynn got debanked by JPMorgan Chase citing "reputational risk."³
The National Committee for Religious Freedom saw Chase suddenly close their checking account in 2022.³
When they asked why, Chase demanded their donor list, information about which political candidates they support, and detailed explanations of their endorsement process.³
Bank of America shut down the Timothy Two Project International in 2020.³
The bank told this Christian ministry it was "operating a business type we have chosen not to service."³
Indigenous Advance Ministries got the same treatment from Bank of America in 2023.³
These weren't compliance issues or risk-management decisions.
Banks punished Americans for their political beliefs and religious convictions.
Trump moved decisively to end financial warfare against conservatives
President Donald Trump saw this coming long before the OCC report confirmed it.
On August 7, 2025, Trump signed Executive Order 14331 titled "Guaranteeing Fair Banking For All Americans."⁴
The order shut down banks discriminating against Americans for their beliefs and ordered regulators to find every institution that pulled this garbage.⁴
Trump knows exactly what happened because JPMorgan Chase did it to him.
"The banks discriminated against me very badly," Trump told CNBC. "JPMorgan Chase gave me 20 days to close my account."⁵
After Trump left office in 2021, JPMorgan Chase and Bank of America refused more than $1 billion of his deposits.⁵
The evidence of coordinated discrimination kept mounting.
Between 2020 and 2023, Bank of America received 988 complaints about improper account closures and 584 complaints about improper account denials.³
JPMorgan Chase faced 1,423 improper closure complaints and 443 improper denial complaints during the same period.³
The banks claimed they never closed accounts for political reasons.
The OCC report proved they were lying.
Comptroller of the Currency Jonathan Gould didn't mince words.
"It is unfortunate that the nation's largest banks thought these harmful debanking policies were an appropriate use of their government-granted charter and market power," Gould said.²
He made clear the OCC would hold banks accountable.²
The investigation isn't over.
The OCC is still reviewing thousands of complaints to identify instances of religious and political debanking.²
Banks better clean up their act before Trump's regulators finish digging through their records.
This systematic discrimination against conservatives represents one of the most serious threats to free speech and economic liberty in America.
The Left couldn't silence conservatives through social media alone.
So they weaponized the banking system to freeze them out of the economy entirely.
Trump's executive order and the OCC investigation are finally exposing this coordinated assault on conservative Americans.
¹ Office of the Comptroller of the Currency, "Preliminary Findings from Supervisory Review of Debanking Activities," OCC Report, December 10, 2025.
² Office of the Comptroller of the Currency, "OCC Releases Preliminary Findings from Its Review of Large Banks' Debanking Activities," OCC.gov, December 10, 2025.
³ The Epoch Times, "Watchdog Finds 9 Large US Banks Actively Engaged in Debanking," Epoch Times, December 12, 2025.
⁴ The White House, "Executive Order 14331: Guaranteeing Fair Banking For All Americans," White House.gov, August 7, 2025.
⁵ CNN, "Trump signs executive order going after 'debanking'," CNN.com, August 7, 2025.
