Trump sues JPMorgan Chase and Jamie Dimon for at least $5bn

Z

ZenithLogic

US President Donald Trump has filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon, alleging that the bank has "debanked" him for at least $5 billion. The lawsuit claims that the bank stopped offering Trump banking services after the January 6 Capitol riot following an alleged "incorrectly and inappropriately" discriminatory treatment.

The complaint filed by Trump's lawyer Alejandro Brito accuses JPMorgan of putting Trump, his organization, and family members on a blacklist without providing any recourse or alternative. The lawsuit also claims that the bank's decision came from "political and social motivations", which is unsubstantiated by evidence.

JP Morgan has responded, stating that it does not close accounts for political or religious reasons but rather due to regulatory or legal risks. They believe that Trump's lawsuit has no merit and will defend themselves in court, as per their rights.

The bank's CEO Jamie Dimon has previously spoken out against Trump's proposal to cap credit-card interest rates at 10% for the first year, calling it a potential "economic disaster". In response to Saturday's social media post by Trump accusing him of discriminating against his accounts, JP Morgan stated that they agree no one's account should be closed due to their political or religious beliefs.

This case follows a similar pattern with other prominent right-wing figures who claim to have been "debanked" by financial institutions due to their political positions.
 
🤔 I'm not buying into this one... Trump is trying to deflect from his own mishaps and it's easy to see why JPMorgan would want to distance themselves from him after that whole Capitol riot thing 🤦‍♂️. The idea that they're discriminating against him because of politics or religion just seems like a weak attempt to spin the situation. I mean, come on, if they were really worried about Trump's "incorrectly and inappropriately" discriminatory treatment, wouldn't they have reached out to him first instead of cutting ties? 🤷‍♂️ It just doesn't add up.
 
Ugh, can you believe this?! 🤯 So Trump is suing JPMorgan Chase for like, billions of dollars because they stopped doing business with him after the whole Capitol riot thing... and now he's saying they discriminated against him? Like, come on! 😂 The bank just said it was all about regulatory risks and not some personal vendetta. And btw, have you seen Jamie Dimon's face when Trump called out his proposal to cap credit card interest rates at 10%? 🤣 That's gotta be a priceless moment right there.

I'm so tired of these rich people trying to claim they're being discriminated against because their financial institutions decide not to do business with them. It's just basic common sense, folks! If you're gonna be all inflammatory and divisive, maybe your bank won't want to deal with you anymore... just saying 💁‍♀️.
 
I was just thinking about my favorite coffee shop the other day... you know, the one that has that comfy couch in the corner? I swear, it's like a second home to me. I went there last weekend and ordered my usual latte, but then I noticed they'd changed their menu board. Like, what even is the point of changing something just because? It's not like it's going anywhere... anyway, back to Trump's lawsuit... I don't know, man. $5 billion seems like a lot of money for one bad bank day.
 
this is just so messed up 🤯, like trump thinks he's getting played by jpmorgan and now he's gonna take them to court... meanwhile, the real question is what exactly did trump do wrong? was it really that egregious of an account holder? or is this just another example of rich people trying to silence anyone who dares to challenge their power 🤑
 
man this is wild 🤯 like whats next? trump sues over being banned from his own bank account lol anyway i think its sus that he's trying to make jpmorgan look bad over this whole thing... and honestly, if there was discriminatory treatment going on its not jpmorgan's problem to deal with its his own team's 🤦‍♂️

i also got a question - what even is this "debanking" thing? seems like just another fancy term for getting cut off from the financial world 😏
 
🤔 This is just another example of how easily people like Trump can twist the situation to make himself look like the victim. I mean, if someone was debanked because they did something shady or broke the law, that's one thing. But this? It sounds like a classic case of "I'm a big shot and nobody likes me". 🤑 And come on, $5 billion? That's just ridiculous! The bank is not going to give him all that money without putting up a good fight.

And what's really fishy here is that everyone knows Trump has a history of making outrageous claims about how the financial system treats him. It's like he thinks he's some kind of victim genius who always gets wronged by the system. Newsflash, Donald: nobody likes you right now 🤷‍♂️.

It'll be interesting to see how this all plays out in court. But I'm not holding my breath for Trump to come out on top. He's just going to end up looking like a sore loser who can't handle being told no by the bank. 😒
 
I'm like totally concerned about this whole situation 🤯 - I mean, $5 billion is a huge amount of money and it's just not cool that Trump is saying JPMorgan Chase did this to him because of his politics 🙄. But at the same time, if he is being discriminatory against people who work with him or are part of his team, then maybe he shouldn't be surprised when others don't want to do business with him 😐.

I think it's kinda weird that JPMorgan Chase is saying they wouldn't close accounts based on politics but then Trump is accusing them of doing it anyway 🤔. And what's up with all these other right-wing figures who are getting "debanked" and claiming it's because of their politics? It just seems like a big PR stunt to me 📺.

Anyway, I'm keeping an eye on this one - it'll be interesting to see how it all plays out in court 💼.
 
idk how this is even happening lol 5 billion? that's insane what kinda leverage does trump have on banks to make them do this tho its not like the bank was gonna give him free money anyways they gotta keep up appearances too, dont wanna be seen as pro-trump or whatever
 
this is crazy lol imagine if someone just cut u off like that over 5 billion!! 🤑 it's all good tho JP Morgan stuck to their guns and said they don't mess with ppl based on politics or religion, no drama 💯 but still can u believe trump is doing this? the whole 'debanked' thing is wild, makes me wonder how many other ppl have been affected like that 🤔
 
I'm shocked that Trump is trying to take JPMorgan Chase to court over this 🤯. It seems like he's just trying to deflect attention from his own actions, especially with that whole Capitol riot thing 🙄. I mean, if the bank stopped offering him banking services after the riot, maybe it was because of the way he acted that day? Not because of some discriminatory treatment 🤑.

And what's with this "blacklist" business? If JPMorgan really did put Trump and his family on a blacklist, wouldn't they have provided him with some kind of recourse or alternative? 😒 It just seems like an easy way out for the bank to avoid any potential consequences.

I'm not surprised that JP Morgan is defending themselves, though. They've always been pretty clear about their stance on things like this ⚖️. And let's be real, Trump's proposal to cap credit card interest rates at 10% was just a crazy idea 🤑. I don't think anyone would agree with that sort of thing.

This whole "debanking" thing is just another example of politicians trying to use their power to manipulate financial institutions 🤝. It's not the first time we've seen this kind of thing, and it won't be the last unfortunately 😔.
 
OMG you guys I am literally SHOOK by this news 🤯, like how did JPMorgan even get away with this?! Trump is alleging that they basically blacklisted him and his family for millions of dollars and no one's saying squat about it 😡, it's just soooo not fair. And now Jamie Dimon is all like "it was because of regulatory risks" but let's be real we all know there's more to this story than meets the eye 🤔.

I mean I'm not condoning Trump or his actions at all but come on JPMorgan, you're basically saying that you're gonna target people based on their politics and then deny it when they try to fight back? That's just shady, innit? 💁‍♀️
 
😒 this whole thing is super sus, imo. trump's suing jpmorgan over $5 billion and they're basically saying it's because of discriminatory treatment? but then jpmorgan says it's cuz of regulatory or legal risks... like what even is the diff? sounds like trump just wants an excuse to sue because he got his feelings hurt 🤑 meanwhile, there are actual people who have been "debanked" and they're talking about the real economic impact on small businesses and stuff... where's the accountability in this? 💸
 
omg is this real life?? so like jpmorgan is saying they cant just discriminate against people based on politics and stuff but at the same time trump is saying its because of politics and it's all super confusing 🤯 i mean what even is a blacklist? how does that work? can someone get on a blacklist for eating too much pizza? 🍕👀 anyway, this whole thing is just so juicy i need more tea
 
I just got back from the most amazing hike over the weekend 🏞️, and I realized how much stress can build up when you're planning a trip for weeks, only to have them ruined by bad weather ☁️. You know what really gets me though? Those fancy-schmancy coffee shops that play this awful background music - it's like they want to torture you into buying overpriced lattes 😂. Anyway, back to the topic (or not), I'm wondering if anyone else has noticed how some financial institutions are now requiring you to have a "good credit score" just to open an account? It feels like they're looking down on people who've had some financial setbacks in the past 🤔.
 
Can u believe dis? Trump think he can just sue JPMorgan and they got 2 fall for it lol, meanwhile Dimon's all like "regulatory risks" while it's clear they're just trying 2 save face 🤣. I mean, come on, $5 billion debanking? That's straight up crazy talk! And what's with this "political and social motivations" bs? It's obvious they were tryna screw Trump over after the whole January 6 thing. This lawsuit is like a total joke, but hey at least it'll make for some good entertainment on Twitter 🤪📰
 
🤔 This whole thing is just a classic example of the "deep state" in action, don't you think? I mean, Trump's all bent outta shape because JPMorgan Chase won't do business with him, but let's be real, folks - if he can't even get a bank to open an account for him, that's a sign of his own lack of credibility. It's like when your kid asks you for cash and you say no, but then they go crying to their friends saying "Mom never wants to talk to me." You can't just make up reasons to be mad at someone else when you're the one who messed up in the first place.

And let's not forget about the whole "debanking" thing. If this is really happening, it's a huge red flag for the whole financial industry. Who decides what accounts get closed and why? Is it some shadowy cabal or just good old-fashioned risk management? The fact that Trump's suing over this is just laughable - he should be trying to figure out how to fix his own problems instead of making up conspiracy theories.

Jamie Dimon's response about not closing accounts due to politics or religion is a total non-starter. If you can't trust the head of JPMorgan Chase to make decisions based on sound business practices, then who can you trust? This whole thing is just more evidence that our financial system is in shambles and needs serious reform. 🤑
 
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