{"id":32866,"date":"2019-05-21T14:25:55","date_gmt":"2019-05-21T18:25:55","guid":{"rendered":"https:\/\/nationalcenter.org\/?p=32866"},"modified":"2023-12-14T11:03:30","modified_gmt":"2023-12-14T16:03:30","slug":"chase-ceo-denies-debanking-conservatives","status":"publish","type":"post","link":"https:\/\/nationalcenter.org\/ncppr\/2019\/05\/21\/chase-ceo-denies-debanking-conservatives\/","title":{"rendered":"Chase CEO Denies Debanking Conservatives"},"content":{"rendered":"

Free Enterprise Project Asks JPMorgan Chase\u2019s Jamie Dimon to Pledge Not to Close Bank Accounts for Political Reasons<\/strong><\/h3>\n

Chicago, IL\/Washington, D.C.<\/em>\u2013 Presenting a copy of George Orwell\u2019s 1984 <\/em>to the head of America\u2019s largest bank, a shareholder activist today asked JPMorgan Chase & Co. to not \u201cdebank\u201d conservatives because of their political beliefs. Chairman and CEO Jamie Dimon flatly denied that any debanking has occurred at Chase Bank under his watch, but refrained from pledging that it would not happen in the future.<\/p>\n

\"\"<\/a>

David W. Almasi at today’s JP Morgan Chase shareholder meeting<\/p><\/div>\n

\u201cWe gave Dimon a chance to definitively say that JPMorgan Chase has not debanked conservatives and will not wield its power against conservatives in the future, but he really only gave us half,\u201d said National Center for Public Policy Research Vice President David W. Almasi<\/a>, who confronted Dimon on behalf of the National Center\u2019s Free Enterprise Project<\/a> (FEP) during the company\u2019s annual meeting of shareholders. \u201cIf Jamie Dimon can\u2019t absolutely guarantee that Chase Bank won\u2019t ever discriminate against conservatives, conservatives should consider banking elsewhere.\u201d<\/p>\n

Almasi brought a copy of George Orwell\u2019s 1984\u00a0<\/em>to the meeting and gave it to a JPMorgan Chase employee to give to Dimon. He did so to make a point that the current debanking and deplatforming of conservatives by American businesses is similar to how political enemies were stripped of their identities in Orwell\u2019s seminal novel.<\/p>\n

During the question and answer session at today\u2019s JPMorgan Chase shareholder meeting in Chicago, Almasi said:<\/p>\n

I\u2019d like you to address allegations that Chase Bank has recently \u201cdebanked\u201d several people affiliated with the conservative movement. I\u2019m not here to defend anything they have said or done, and I don\u2019t personally know any of the people I\u2019m going to mention. Frankly, as someone who works in the conservative movement, I\u2019m asking for a personal reason: Am I next?…<\/p>\n

Conservative activists Enrique Tarrio, Joe Biggs, Laura Loomer and Martina Markota all found accounts they had with Chase Bank cancelled<\/a> in the space of just a few weeks this past January and February. They say they don\u2019t know why.<\/p>\n

In Mr. Tarrio\u2019s case, he says he was a 10-year Chase customer. He says the online shop he runs went through a three-month Chase certification process long before the account was suddenly closed. Video of Mr. Tarrio appealing his case to Chase employees is available on the website<\/a> of Project Veritas. In the video, several Chase managers say they can\u2019t explain the irrevocable closure of Mr. Tarrio\u2019s account. One business manager calls it \u201cmind-boggling.\u201d…<\/p>\n

…I\u2019m asking you to clear the air.<\/p><\/blockquote>\n

He then asked Dimon:<\/p>\n

I know you cannot speak about personal banking matters, but can YOU \u2013 as chairman and CEO, on the record and before your investors \u2013 pledge that JPMorgan Chase and Co. is not debanking people and will not debank them because of their politics? Or, if you are, will you pledge to end this practice so conservatives like me don\u2019t have to worry about becoming \u201cunpersons\u201d like in the book 1984<\/em>?<\/p><\/blockquote>\n

Almasi\u2019s full statement, as prepared for delivery, is available here<\/a>. The audio of the exchange between Almasi and Dimon can be heard here<\/a>.<\/p>\n

Dimon replied: \u201cVery directly, we have not and do not debank people because of their political views. We have not and do not. And we debank people ’cause they’re DSA<\/a>, AML, KYC<\/a> or unable to meet regulation \u2013 regulatory-type of requirements for them.\u201d<\/p>\n

During his comments, Almasi noted how the Southern Poverty Law Center (SPLC) has worked with other companies to debank conservatives, and how when FEP questioned Dimon last year<\/a> about the company\u2019s $500,000 donation to the SPLC, Dimon refused to address the company\u2019s relationship with the SPLC. Again today, Dimon refrained from addressing the SPLC affiliation after Almasi brought it up.<\/p>\n

\u201cIt\u2019s chilling that conservatives are at risk of losing financial standing because of their beliefs,\u201d said Almasi. \u201cI brought Dimon a copy of 1984\u00a0<\/em>so he and the JPMorgan Chase leadership could brush up on the specter of Big Brother and making someone an \u2018unperson.\u2019 Dimon denied the charges currently leveled against Chase Bank, but I think he could have said a lot more to convince conservatives they are safe from the growing discrimination by businesses that take cues from leftist special interests like the SPLC.\u201d<\/p>\n

Today\u2019s JPMorgan Chase & Co. shareholder meeting is the 20th\u00a0<\/sup>meeting in which FEP has participated in 2019.<\/p>\n

\n
\"\"<\/a>

Support our work! Click this image to help FEP protect conservatives from discrimination.<\/p><\/div>\n

Launched in 2007, the National Center\u2019s Free Enterprise Project focuses on shareholder activism and the confluence of big government and big business. Over the past four years alone, FEP representatives have participated in over 100 shareholder meetings \u2013 advancing free-market ideals about health care, energy, taxes, subsidies, regulations, religious freedom, food policies, media bias, gun rights, workers\u2019 rights and other important public policy issues. As the leading voice for conservative-minded investors, it annually files more than 90 percent of all right-of-center shareholder resolutions. Dozens of liberal organizations, however, annually file more than 95 percent of all policy-oriented shareholder resolutions and continue to exert undue influence over corporate America.<\/p>\n

FEP activity has been covered by media outlets including the\u00a0New York Times, Washington Post, USA Today, Variety<\/em>, the Associated Press, Bloomberg, Drudge Report, Business Insider, National Public Radio and SiriusXM. FEP\u2019s work was prominently featured in Wall Street Journal <\/em>writer Kimberley Strassel\u2019s 2016 book The Intimidation Game: How the Left is Silencing Free Speech<\/a>\u00a0<\/em>(Hachette Book Group).<\/p>\n

The National Center for Public Policy Research, founded in 1982, is a non-partisan, free-market, independent conservative think-tank. Ninety-four percent of its support comes from individuals, less than four percent from foundations and less than two percent from corporations. It receives over 350,000 individual\u00a0contributions<\/strong><\/a>\u00a0a year from over 60,000 active recent contributors. Sign up for email updates\u00a0here<\/strong><\/a>. Follow us on Twitter at\u00a0@FreeEntProject<\/strong><\/a>\u00a0and\u00a0@NationalCenter<\/strong><\/a>\u00a0for general announcements. To be alerted to upcoming media appearances by National Center staff, follow our media appearances Twitter account at\u00a0@NCPPRMedia<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Free Enterprise Project Asks JPMorgan Chase\u2019s Jamie Dimon to Pledge Not to Close Bank Accounts for Political Reasons Chicago, IL\/Washington, D.C.\u2013 Presenting a copy of George Orwell\u2019s 1984 to the head of America\u2019s largest bank, a shareholder activist today asked JPMorgan Chase & Co. to…<\/p>\n","protected":false},"author":2,"featured_media":32862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,774],"tags":[75],"yoast_head":"\nChase CEO Denies Debanking Conservatives - The National Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalcenter.org\/ncppr\/2019\/05\/21\/chase-ceo-denies-debanking-conservatives\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The National Center\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2019\/05\/21\/chase-ceo-denies-debanking-conservatives\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2019\/05\/21\/chase-ceo-denies-debanking-conservatives\/\"},\"author\":{\"name\":\"The National Center\",\"@id\":\"https:\/\/nationalcenter.org\/#\/schema\/person\/0fb68cd906a7035d2baf49d7be339507\"},\"headline\":\"Chase CEO Denies Debanking Conservatives\",\"datePublished\":\"2019-05-21T18:25:55+00:00\",\"dateModified\":\"2023-12-14T16:03:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2019\/05\/21\/chase-ceo-denies-debanking-conservatives\/\"},\"wordCount\":1034,\"publisher\":{\"@id\":\"https:\/\/nationalcenter.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2019\/05\/21\/chase-ceo-denies-debanking-conservatives\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nationalcenter.org\/wp-content\/uploads\/2019\/05\/JP-Morgan.jpg\",\"keywords\":[\"Press Release\"],\"articleSection\":[\"Free Enterprise Project\",\"JPM\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2019\/05\/21\/chase-ceo-denies-debanking-conservatives\/\",\"url\":\"https:\/\/nationalcenter.org\/ncppr\/2019\/05\/21\/chase-ceo-denies-debanking-conservatives\/\",\"name\":\"Chase CEO Denies Debanking Conservatives - 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