Latest / The 47 Morning Update with Ben Ferguson / Trump Moves to Protect Conservative Bank Customers & Civil Arrest Warrants on the Table for Fleeing Dems

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Trump Moves to Protect Conservative Bank Customers & Civil Arrest Warrants on the Table for Fleeing Dems · The 47 Morning Update with Ben Ferguson

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  Speaker 1: In New York flanks by Texas Democrats.
• 0:03
  Speaker 2: The governor said she'd push her state to consider redistrictate
• 0:06
  Speaker 2: in response to what's happening in Texas.
• 0:09
  Speaker 3: This is a war. We are at war, and that's
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  Speaker 3: why the gloves are off.
• 0:13
  Speaker 1: Subpoenas from Texas don't work in New York, so he
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  Speaker 1: gonna come get us.
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  Speaker 3: Hal subpoenas in Texas.
• 0:18
  Speaker 1: Don't work in Chicago, He's gonna come get us. Half.
• 0:21
  Speaker 3: You're listening to the forty seven Morning Update with Ben ferguson.
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  Speaker 1: Good Tuesday morning. It's so nice to have you with
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  Speaker 1: us on the forty seven Morning Update, and we've got
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  Speaker 1: two major stories for you. First up, we're hearing now
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  Speaker 1: from Donald Trump's White House. An executive order is on
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  Speaker 1: its way over deep banking of conservatives by small, mid size,
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  Speaker 1: and especially large banks that are attacking Conservatives and Christians
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  Speaker 1: solely based because of their belief system. I'll break that
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  Speaker 1: down for you in a second. Plus, a major fight
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  Speaker 1: happening right now in Texas. Yes, Democrats are leaving the
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  Speaker 1: state over redistricting battle, and it's a big problem that
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  Speaker 1: could expand all over the country as Democrats are holding
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  Speaker 1: state legislators hostage as they're trying to redistrict based on
• 1:15
  Speaker 1: what the voters wanted. What does this mean moving forward?
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  Speaker 1: I'll explain it all to you. All right, I want
• 1:21
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  Speaker 1: two zero six oh five thirty nine hundred. That's seven
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  Speaker 1: forty seven Morning Update and it starts right now.
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  Speaker 3: Story number one.
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  Speaker 1: In a major move to protect all Americans, the White
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  Speaker 1: House we're now being told is preparing a new executive
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  Speaker 1: order that would find banks, small, medium, and the largest
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  Speaker 1: for dropping customers for political reasons. The Wall Street Journal
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  Speaker 1: is reporting on it now. The order directs bank regulators
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  Speaker 1: to investigate whether any financial institutions might have violated the
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  Speaker 1: Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws,
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  Speaker 1: the Journal reported, citing a draft text of the order.
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  Speaker 1: The order, which could be signed as early as this week,
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  Speaker 1: provides for monetary penalties, consent decrees, or other disciplinary measures
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  Speaker 1: against violators. The order also directs regulators to strike policies
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  Speaker 1: they have that might have contributed to banks dropping certain customers,
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  Speaker 1: and requires the Small Business Association to review the practices
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  Speaker 1: of banks that guarantee the agency's loans. Now, this is
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  Speaker 1: a major move for protecting specifically conservatives that have been
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  Speaker 1: debanked by large banks and small bank alike. There are
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  Speaker 1: many in the Second Amendment community that have also been
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  Speaker 1: debanked as well. There are Christian organizations that have been debanked,
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  Speaker 1: missionary organizations that have been debanked, and conservative organizations that
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  Speaker 1: have been debanked, especially during the Biden years. Now, the
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  Speaker 1: President saying you can't do that, it's un American and
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  Speaker 1: we're not going to allow it to stand. Now. Reuters
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  Speaker 1: is also reporting at this hour that the White House
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  Speaker 1: is apparently working on this at a rapid pace because
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  Speaker 1: they believe it is time to hold banks accountable that
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  Speaker 1: targeted people specifically for their political beliefs. Now, after speaking
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  Speaker 1: with people at the White House late this afternoon, here's
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  Speaker 1: what I can also tell you. The White House, I've
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  Speaker 1: been told, is in fact preparing an executive order that
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  Speaker 1: would empower the regulators to penalize banks for quote, terminating
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  Speaker 1: customer relationships based on political beliefs. These penalty could include
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  Speaker 1: hefty fines, I'm being told, and also disciplinary actions. Now,
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  Speaker 1: financial regulators would be instructed to investigate potential breaches not
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  Speaker 1: only the Equal Credit Opportunity Act I mentioned earlier and
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  Speaker 1: antitrust laws, but also consumer protection regulations by banks accused
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  Speaker 1: of politically motivated actions against those who had bank accounts
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  Speaker 1: at their bank. The draft order also calls on policymakers
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  Speaker 1: to revoke existing internal bank policies that actually may have
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  Speaker 1: led to politically motivated account closures, and directs the Small
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  Speaker 1: Business Administration to review loan back practices that could involve
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  Speaker 1: similar issues as well. Now, although no banks are mentioned
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  Speaker 1: by name, the order appears tied to public criticism of
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  Speaker 1: major institutions such as JP, Morgan Chase and Bank of
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  Speaker 1: America accused of severing ties with conservative club giance, a
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  Speaker 1: charge that of course they strongly deny, and the Wall
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  Speaker 1: Street Journal has reported on this extensively recently. Now, according
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  Speaker 1: to others, the order could be signed like I said
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  Speaker 1: this week, potentially spelling major trouble for big banks. Now.
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  Speaker 1: This move reflects Donald Trump's ongoing concern, especially from conservative circles,
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  Speaker 1: about political bias or debanking and financial services. It forms
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  Speaker 1: part of a broader regulatory agenda to ensure economic institutions
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  Speaker 1: remain neutral and customers aren't penalized for political beliefs. At
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  Speaker 1: the end of the day, the president of the United
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  Speaker 1: States of America wants to make sure you're not targeted
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  Speaker 1: because you voted for him, and in the future, to
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  Speaker 1: make sure that no matter who you vote for, you're
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  Speaker 1: not targeted by a bank. Now, the order has not
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  Speaker 1: been officially issued yet, and there's a very good chance
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  Speaker 1: there will be changes that are made in the coming
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  Speaker 1: days and hours. Banks and regulators also are remaining relatively
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  Speaker 1: quiet and the White House is saying they're willing to talk,
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  Speaker 1: but there's many that are scared what may be coming
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  Speaker 1: down the pipeline. And the big question is this, which
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  Speaker 1: agencies are actually going to lead enforcement oversight I'm being
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  Speaker 1: told is likely going to be by federal banking regulators,
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  Speaker 1: the Department of Justice, and the SPA. Implementation details are
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  Speaker 1: going to work through the White House and the hours
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  Speaker 1: and days ahead at the end of the day. What
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  Speaker 1: does this mean, Well, it means that Donald Trump's looking
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  Speaker 1: out for conservatives that have been targeted solely because of
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  Speaker 1: our political beliefs, and that's exactly why so many Americans.
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  Speaker 3: Voted for now story number two.
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  Speaker 1: Over fifty Texas House Democrats, including sixty two members total
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  Speaker 1: in the lower chamber, have left Texas, traveling to Illinois,
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  Speaker 1: New York, and Massachusetts. Well, at least they're consistent up
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  Speaker 1: there being sanctuary states and cities to deny quorum and
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  Speaker 1: block a GOP back congressional redistricting plan that would likely
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  Speaker 1: add up to five new Republican leaning US House seats.
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  Speaker 1: That is the claim by Democrats and why they're now
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  Speaker 1: fleeing the state. Now, this strategy mirrors previous walkouts in
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  Speaker 1: twenty twenty one and in two thousand and three in Texas,
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  Speaker 1: where the quorum rules were used to slow down legislation.
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  Speaker 1: Governor Greg Abbott has now responded, issuing a three pm
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  Speaker 1: Monday ultimatum for Democrats to return or face serious consequences.
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  Speaker 1: He threatened to quote invoke a twenty twenty one AG
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  Speaker 1: opinion allowing courts to clear seats vacant due to intentional
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  Speaker 1: quote abandonment of office. He also could seek civil arrest
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  Speaker 1: warrants for absent members, valid only however, inside of Texas,
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  Speaker 1: which is why so many Democrats have fled to liberal states. Also,
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  Speaker 1: he can invest gave potential felony charges for fundraising to
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  Speaker 1: pay the five hundred dollars a day fines that are
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  Speaker 1: being imposed by the House rules. Now, the Texas House
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  Speaker 1: passed an eighty five to six vote authorizing the Sergeant
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  Speaker 1: in Arms to issue civil arrest warrants for those that
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  Speaker 1: were purposely absent. Now, breaking quorum, by the way, is
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  Speaker 1: not a crime, making extradition impossible. Abbot cannot legally compel
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  Speaker 1: lawmakers to return from other states directly, is what is
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  Speaker 1: being said now by Politico. Declarations of vacancy would require
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  Speaker 1: individual court action in each lawmaker's district, potentially years of
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  Speaker 1: litigation and would delay redistrict came beyond the December twenty
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  Speaker 1: twenty five deadline for the twenty twenty six primaries. And
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  Speaker 1: that's exactly why Democrats are playing this game. Texas Democrats
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  Speaker 1: maintain they are quote standing up for democratic norms, not
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  Speaker 1: running away. You can decide how ridiculous they actually are
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  Speaker 1: in your own minds. But many of the representatives are
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  Speaker 1: now taking more heat. Why because they are prioritizing the
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  Speaker 1: democrats agenda over prioritizing flood relief. Yes, that was one
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  Speaker 1: of the issues on the table that they're now fleeing from.
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  Speaker 1: I'll give you just another example of also how many
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  Speaker 1: liberal cities are helping them and states. The Illinois governor
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  Speaker 1: Pritzker publicly back the lawmaker's actions, calling them a courageous
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  Speaker 1: defense of democracy and saying welcome to Illinois. Democrats are
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  Speaker 1: characterizing the Governor of Texas Abbot's threats as quote smoking mirrors,
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  Speaker 1: pointing out that constitutional tools like quorum breaks are legitimate
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  Speaker 1: devices they say to use under Texas law. Here's more
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  Speaker 1: of what Governor Abbott had to say about what the
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  Speaker 1: Democrats are doing and now what they're going to face.
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  Speaker 2: Very simply, it would be bribery if any lawmaker took
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  Speaker 2: money to perform or to refuse to perform and act
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  Speaker 2: in the legislature. And the reports are these legislators have
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  Speaker 2: been both. They sought money and they offered money to
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  Speaker 2: skip the vote to leave the legislature to take a
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  Speaker 2: legislative act. That would be bribery. And so the facts
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  Speaker 2: will have to come out. But I think based upon
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  Speaker 2: comments made by legislators themselves, they face a possibility facing
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  Speaker 2: bribery charges, which is a second degree felony in the
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  Speaker 2: state of Texas. There's one way to cure that, and
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  Speaker 2: that is if they get back to the state of
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  Speaker 2: Texas and make quorum today are hearing that we have
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  Speaker 2: at the three o'clock they can cure themselves of any
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  Speaker 2: quid pro quo that would subject them to potential bribery charges.
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  Speaker 1: Well, guess what Democrats decided not to come back by
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  Speaker 1: three o'clock and why because apparently they love the idea
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  Speaker 1: of being arrested and saying they're being politically persecuted. Now,
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  Speaker 1: the one takeaway from this is pretty simple and clear.
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  Speaker 1: You can expect Democrats to probably pull the same exaction
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  Speaker 1: in against you're witnessing right now in other states around
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  Speaker 1: the country, and they're using Texas as the blueprint for it.
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  Speaker 3: Thank you for listening to the forty seven Morning Update
• 13:22
  Speaker 3: with Ben Ferguson. Please make sure you hit subscribe wherever
• 13:26
  Speaker 3: you're listening to this podcast right now and for more
• 13:29
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• 13:33
  Speaker 3: and we will see you back here tomorrow.