by Martin Armstrong
Armstrong Economics
Debanking has become a major issue in recent years as institutions feel the current government gives them leeway to discriminate against customers based on their political beliefs. This is happening throughout the Western world. Most recently, fifteen attorneys general sent a letter to Bank of America CEO Brian Moynihan about his bank’s “troubling financial pattern” of debanking Christians. “Bank of America has a track record of de-banking religious organizations,” the letter states, “
We are especially troubled by Bank of America’s track record of discriminating against religious ministries.” Bank of America has been banishing Christians and Christian organizations from accessing their accounts for years without penalty.