Trump has gotten the last laugh in his battle against a ‘Woke’ bank that closed his account in the aftermath of the 2020 election. Signature Bank is now finding itself closed.
Signature Bank of New York was seized by regulators on Sunday evening, the second failure of a regional bank in about 48 hours.
It was the third largest bank failure in U.S. history, and follows two days after authorities shuttered Silicon Valley Bank, itself the second largest failure in U.S. history.
After the January 6 Fedsurrection, Signature Bank issued a self-righteous statement that was a signature example of Woke stupidity.
“We have never before commented on any political matter and hope to never do so again,” said the New York-based bank led by Joseph J. DePaolo. “However, as Americans we are deeply, deeply saddened by the rioting and insurrection which took place in the most sacred of American institutions, our United States Capitol.”
Signature closed Trump’s personal accounts at the bank and warned “will not do business in the future with any members of Congress who voted to disregard the Electoral College.”
If Signature bank meant Congressional members who exercised their constitutional right to object to elections, that is something that Democrats have done everytime they have lost an election since 2000.
We can’t expect a Woke bank to gets its historical accounting right. Signature Bank then used its fallacious reasoning to call for President Trump’s resignation.
Signature Bank demanded Trump’s resignation for fanning the flames of hate that led to last week’s attack on the Capitol Building by thousands of Trump supporters.
“To witness a rioter sitting in the presiding chair of the U.S. Senate and our elected representatives being told to seek cover under their seats is appalling and an insult to the Republic,” the statement read.
It turns out that “rioter” was personally escorted to the presiding chair of the U.S. Senate with the assistance of at least nine Capitol Police officers.
Jacob Chansley, the so-called "QAnon Shaman" was led by Capitol Police through the halls of the Capitol where they ushered him to the very door of the Senate chamber where he gave his January 6 speech to fellow "patriots." pic.twitter.com/TtEU1AdZl7
— Becker News (@NewsBecker) March 11, 2023
“We witnessed the President of the United States encouraging the rioters and refraining from calling in the National Guard to protect the Congress in its performance of duty,” the statement added.
It turns out Mitch McConnell and Nancy Pelosi failed to act on multiple requests by former Capitol Police Chief Steven Sund for additional cops and National Guard troops, as did the D.C. Mayor Muriel Bowser. The Capitol Police are under the jurisdiction of the U.S. Congress.
Donald Trump told the audience at his January 6 speech to “peacefully and patriotically” make their voices heard. The first altercation at the capitol took place before his speech ended and was “orchestrated” (as he put it) by uncharged rioter Ray Epps.
Ray Epps Lied in His Sworn Testimony to the January 6 Committee, and Surveillance Footage Proves It
"Epps testified that when he sent the text messages to his nephew, he had already left the Capitol grounds to return to his hotel room. That is not true. The surveillance footage… https://t.co/BxcXs8wh7D pic.twitter.com/IruGW4MHBq
— The Vigilant Fox 🦊 (@VigilantFox) March 7, 2023
“At this point in time, to ensure the peaceful transition of power, we believe the appropriate action would be the resignation of the President of the United States, which is in the best interests of our nation and the American people,” the statement added.
This is as brazenly partisan a statement as one will get from any ‘bank.’ It’s poetic justice that the bank is being closed, since it didn’t value the business of its customers as much as its Woke politics.
It is an interesting coincidence that Silicon Valley Bank is also immersed in the same Woke politics that ensnared Signature Bank. In 2013, SVB formed the first U.S.-Chinese joint banking venture.
SPD Silicon Valley Bank (SSVB) was a joint venture between Shanghai Pudong Development Bank and US-based Silicon Valley Bank.
“As I am here, and we intend to be here forever, I have to be more like the Chinese,’ said David A. Jones, President of Silicon Valley Bank Asia and SSVB, to the Shanghai Daily.
Now, it looks like Silicon Valley Bank’s depositors are about to be “Shanghai’d” since it is not being bailed out.
The Federal Reserve and the Treasury Department are now scrambling to contain the Woke contagion infecting America’s banking system. As the Biden administration seeks to “finish the job” in America, one has to wonder if it’s all just happenstance that anti-capitalists are taking a wrecking ball to the nation’s capitalist system. After all, there is a Trump truism that encapsulates perfectly the mess that America is in.
“Everything Woke turns to sh*t.”
Editor’s note: This article was edited for clarity after publication.
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OPINION: This article contains commentary which reflects the author's opinion.