From Bailouts to Blacklists: How Washington Took Over Your Bank Account
Manage episode 499643777 series 3558626
In this episode of The P.A.S. Report, Professor Nick Giordano exposes how America’s financial system has been weaponized to punish political opponents and reshape society. From the 2008 bailouts to the Biden administration’s aggressive expansion of Operation Chokepoint, Professor Giordano breaks down how banks, regulators, and politicians have quietly turned your access to money into a political tool. With President Trump’s new Executive Order banning politicized debanking and Senator Tim Scott’s FIRM Act aiming to make those protections permanent, he explains what’s at stake, why your financial freedom hangs in the balance, and how Congress must act before it’s too late.
Episode Highlights How the 2008 financial crisis created “too big to fail” banks and paved the way for politicized banking. The Biden administration’s push to flag “Trump” and “MAGA” transactions, target lawful industries, and revive Operation Chokepoint. Why Trump’s Executive Order is a major win, but why the FIRM Act is critical to making protections against political debanking permanent.
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Timestamps
00:54 High Stakes Foreign Policy: Trump and Putin 07:26 The Weaponization of Financial Institutions 09:26 Historical Context: The Great Recession and Its Aftermath 18:44 Biden's Administration and Financial Surveillance 25:32 Trump's Executive Order: Guaranteeing Fair Banking 32:31 The FIRM Act: A Long-Term Solution for Financial Freedom
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