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cancel cultureOctober 13, 2022
JP Morgan Chase cancels Ye from using their bank with no reason given (but you can guess)
JP Morgan Chase decided they no longer want to be in the Yeezy business. They contacted Ye to tell him he has to take his personal banking elsewhere. His PERSONAL BANKING. Keep that in the back of your mind.
Candace Owens broke the news on Wednesday.
Earlier today I learned that @kanyewest was officially kicked out of JP Morgan Chase bank. I was told there was no official reason given, but they sent this letter as well to confirm that he has until late November to find another place for the Yeezy empire to bank. pic.twitter.com/FUskokb6fP
— Candace Owens (@RealCandaceO) October 12, 2022
JP Morgan Chase didn't say in the letter WHY they were "ending their banking relationship" with Ye. The rapper has been in the news for saying words on Twitter, so one can guess.
To avoid any transaction delays, we suggest you stop processing Company transactions and/or using any products associated with the accounts five business days before the scheduled closure date set forth above. After that date, the Bank will close any open accounts, and after any deduction of any permissible service charges and pending transactions, remit all remaining funds in the form of a check.
Let's be clear. This is Ye's PERSONAL BANKING. It isn't like the rapper had a public sponsorship with the bank and the bank decided there was too much bad publicity. No one knew what bank Ye used until he let it out that JP Morgan Chase canceled him. His PERSONAL banking. The same way you and I have PERSONAL bank accounts.
This is the new line of attack by the left when you have opinions they disagree with. The specific opinion, offensive or otherwise, is irrelevant. We saw it over the weekend with PayPal trying to take $2500 out of your account if they deem you have spread "misinformation," until they got busted trying to sneak in the new policy. PayPal will already ban you if you have a political opinion they disagree with. It harkens back to one in our series of "Pay Attention, America" blog posts, where an Australian bank wanted to control your behavior via auto loans. Here's what we wrote:
This bank, I'm sure with the backing of the government, wants to control behavior. What about when it's your bank? Or your credit card company? What if your bank decides you can't use your credit cards to buy meat in the name of "sending a signal" to the market? Or blocks you from buying baby products because someone decided you are only allowed to have two kids and you have three?
What if the financial company doesn't like your tweets? If they're willing to say they will no longer do business with a multimillion-dollar company, they can and will say the same to you.
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