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

Transcript

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

• 0:01
  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
• 0:11
  Speaker 3: why the gloves are off.
• 0:13
  Speaker 1: Subpoenas from Texas don't work in New York, so he
• 0:15
  Speaker 1: gonna come get us.
• 0:16
  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.
• 0:25
  Speaker 1: Good Tuesday morning. It's so nice to have you with
• 0:27
  Speaker 1: us on the forty seven Morning Update, and we've got
• 0:29
  Speaker 1: two major stories for you. First up, we're hearing now
• 0:33
  Speaker 1: from Donald Trump's White House. An executive order is on
• 0:37
  Speaker 1: its way over deep banking of conservatives by small, mid size,
• 0:43
  Speaker 1: and especially large banks that are attacking Conservatives and Christians
• 0:49
  Speaker 1: solely based because of their belief system. I'll break that
• 0:53
  Speaker 1: down for you in a second. Plus, a major fight
• 0:56
  Speaker 1: happening right now in Texas. Yes, Democrats are leaving the
• 1:02
  Speaker 1: state over redistricting battle, and it's a big problem that
• 1:06
  Speaker 1: could expand all over the country as Democrats are holding
• 1:10
  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?
• 1:19
  Speaker 1: I'll explain it all to you. All right, I want
• 1:21
  Speaker 1: to take a moment talk about the economy. You've been
• 1:23
  Speaker 1: seeing what's happening on Wall Street, You've seen what's been
• 1:26
  Speaker 1: happening with interest rates, and you've probably seen gold prices
• 1:29
  Speaker 1: hitting all time record highs. Why because there is uncertainty
• 1:34
  Speaker 1: all over the world right now, and when there is
• 1:37
  Speaker 1: uncertain times, you want real answers about your financial stability. Well,
• 1:42
  Speaker 1: at Kurt Elliott Precious Metals, you get more than gold
• 1:45
  Speaker 1: and silver. You get trusted guidance from a team that
• 1:48
  Speaker 1: puts people first always. You also get transparency. This is
• 1:54
  Speaker 1: why I recommend them. Their mission is clear. They want
• 1:58
  Speaker 1: to help you protect what matters most with real metals,
• 2:01
  Speaker 1: real service, and real clarity. Now here's why I love
• 2:05
  Speaker 1: what they do at Kirk Elliott Precious Metals Number one
• 2:09
  Speaker 1: bullyon only approach. They focus on investment grade metals, not
• 2:14
  Speaker 1: overpriced quote collectibles or gimmick products that cost you an
• 2:18
  Speaker 1: insane amount of money for what you're actually getting. What
• 2:21
  Speaker 1: they do is they sell you more metal for your
• 2:23
  Speaker 1: money and fair value when it's time for you to
• 2:26
  Speaker 1: actually sell. They also have upfront transparent pricing, just eight
• 2:33
  Speaker 1: percent when you buy and zero commissions when you go
• 2:36
  Speaker 1: to sell. There are no hidden fees on top of
• 2:39
  Speaker 1: that ever, that is the reason why I recommend them.
• 2:43
  Speaker 1: They also make sure they give you personalized guidance for you.
• 2:48
  Speaker 1: You're never just a number, no pressure, always real answers,
• 2:52
  Speaker 1: and they make sure that you are in control. So
• 2:55
  Speaker 1: if you're ready for real, honest clarity and all of
• 2:59
  Speaker 1: the BS taken out, visit k e PM dot com
• 3:04
  Speaker 1: slash ben that's k e PM dot com slash ben
• 3:10
  Speaker 1: to schedule your personal portfolio review. Ask about today's unique
• 3:14
  Speaker 1: market window and how the current silver to gold ratio
• 3:19
  Speaker 1: might work in your favor. Protect what matters, plan with
• 3:22
  Speaker 1: clarity k e PM dot com slash ben or seven
• 3:27
  Speaker 1: two zero six oh five thirty nine hundred. That's seven
• 3:31
  Speaker 1: two zero six oh five thirty nine hundred. Kurt Elliott
• 3:36
  Speaker 1: Precious Metals Smarter Metal Investing starts with them. It's the
• 3:40
  Speaker 1: forty seven Morning Update and it starts right now.
• 3:43
  Speaker 3: Story number one.
• 3:44
  Speaker 1: In a major move to protect all Americans, the White
• 3:49
  Speaker 1: House we're now being told is preparing a new executive
• 3:52
  Speaker 1: order that would find banks, small, medium, and the largest
• 3:58
  Speaker 1: for dropping customers for political reasons. The Wall Street Journal
• 4:02
  Speaker 1: is reporting on it now. The order directs bank regulators
• 4:07
  Speaker 1: to investigate whether any financial institutions might have violated the
• 4:12
  Speaker 1: Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws,
• 4:19
  Speaker 1: the Journal reported, citing a draft text of the order.
• 4:22
  Speaker 1: The order, which could be signed as early as this week,
• 4:26
  Speaker 1: provides for monetary penalties, consent decrees, or other disciplinary measures
• 4:31
  Speaker 1: against violators. The order also directs regulators to strike policies
• 4:37
  Speaker 1: they have that might have contributed to banks dropping certain customers,
• 4:41
  Speaker 1: and requires the Small Business Association to review the practices
• 4:46
  Speaker 1: of banks that guarantee the agency's loans. Now, this is
• 4:51
  Speaker 1: a major move for protecting specifically conservatives that have been
• 4:56
  Speaker 1: debanked by large banks and small bank alike. There are
• 5:01
  Speaker 1: many in the Second Amendment community that have also been
• 5:04
  Speaker 1: debanked as well. There are Christian organizations that have been debanked,
• 5:08
  Speaker 1: missionary organizations that have been debanked, and conservative organizations that
• 5:15
  Speaker 1: have been debanked, especially during the Biden years. Now, the
• 5:19
  Speaker 1: President saying you can't do that, it's un American and
• 5:23
  Speaker 1: we're not going to allow it to stand. Now. Reuters
• 5:26
  Speaker 1: is also reporting at this hour that the White House
• 5:29
  Speaker 1: is apparently working on this at a rapid pace because
• 5:34
  Speaker 1: they believe it is time to hold banks accountable that
• 5:36
  Speaker 1: targeted people specifically for their political beliefs. Now, after speaking
• 5:41
  Speaker 1: with people at the White House late this afternoon, here's
• 5:44
  Speaker 1: what I can also tell you. The White House, I've
• 5:47
  Speaker 1: been told, is in fact preparing an executive order that
• 5:50
  Speaker 1: would empower the regulators to penalize banks for quote, terminating
• 5:55
  Speaker 1: customer relationships based on political beliefs. These penalty could include
• 6:00
  Speaker 1: hefty fines, I'm being told, and also disciplinary actions. Now,
• 6:05
  Speaker 1: financial regulators would be instructed to investigate potential breaches not
• 6:10
  Speaker 1: only the Equal Credit Opportunity Act I mentioned earlier and
• 6:14
  Speaker 1: antitrust laws, but also consumer protection regulations by banks accused
• 6:19
  Speaker 1: of politically motivated actions against those who had bank accounts
• 6:24
  Speaker 1: at their bank. The draft order also calls on policymakers
• 6:29
  Speaker 1: to revoke existing internal bank policies that actually may have
• 6:33
  Speaker 1: led to politically motivated account closures, and directs the Small
• 6:37
  Speaker 1: Business Administration to review loan back practices that could involve
• 6:42
  Speaker 1: similar issues as well. Now, although no banks are mentioned
• 6:46
  Speaker 1: by name, the order appears tied to public criticism of
• 6:50
  Speaker 1: major institutions such as JP, Morgan Chase and Bank of
• 6:55
  Speaker 1: America accused of severing ties with conservative club giance, a
• 7:01
  Speaker 1: charge that of course they strongly deny, and the Wall
• 7:04
  Speaker 1: Street Journal has reported on this extensively recently. Now, according
• 7:08
  Speaker 1: to others, the order could be signed like I said
• 7:11
  Speaker 1: this week, potentially spelling major trouble for big banks. Now.
• 7:16
  Speaker 1: This move reflects Donald Trump's ongoing concern, especially from conservative circles,
• 7:22
  Speaker 1: about political bias or debanking and financial services. It forms
• 7:27
  Speaker 1: part of a broader regulatory agenda to ensure economic institutions
• 7:32
  Speaker 1: remain neutral and customers aren't penalized for political beliefs. At
• 7:36
  Speaker 1: the end of the day, the president of the United
• 7:38
  Speaker 1: States of America wants to make sure you're not targeted
• 7:41
  Speaker 1: because you voted for him, and in the future, to
• 7:44
  Speaker 1: make sure that no matter who you vote for, you're
• 7:46
  Speaker 1: not targeted by a bank. Now, the order has not
• 7:49
  Speaker 1: been officially issued yet, and there's a very good chance
• 7:52
  Speaker 1: there will be changes that are made in the coming
• 7:56
  Speaker 1: days and hours. Banks and regulators also are remaining relatively
• 8:01
  Speaker 1: quiet and the White House is saying they're willing to talk,
• 8:04
  Speaker 1: but there's many that are scared what may be coming
• 8:07
  Speaker 1: down the pipeline. And the big question is this, which
• 8:11
  Speaker 1: agencies are actually going to lead enforcement oversight I'm being
• 8:15
  Speaker 1: told is likely going to be by federal banking regulators,
• 8:19
  Speaker 1: the Department of Justice, and the SPA. Implementation details are
• 8:24
  Speaker 1: going to work through the White House and the hours
• 8:27
  Speaker 1: and days ahead at the end of the day. What
• 8:30
  Speaker 1: does this mean, Well, it means that Donald Trump's looking
• 8:33
  Speaker 1: out for conservatives that have been targeted solely because of
• 8:36
  Speaker 1: our political beliefs, and that's exactly why so many Americans.
• 8:41
  Speaker 3: Voted for now story number two.
• 8:43
  Speaker 1: Over fifty Texas House Democrats, including sixty two members total
• 8:49
  Speaker 1: in the lower chamber, have left Texas, traveling to Illinois,
• 8:53
  Speaker 1: New York, and Massachusetts. Well, at least they're consistent up
• 8:56
  Speaker 1: there being sanctuary states and cities to deny quorum and
• 9:02
  Speaker 1: block a GOP back congressional redistricting plan that would likely
• 9:06
  Speaker 1: add up to five new Republican leaning US House seats.
• 9:10
  Speaker 1: That is the claim by Democrats and why they're now
• 9:13
  Speaker 1: fleeing the state. Now, this strategy mirrors previous walkouts in
• 9:17
  Speaker 1: twenty twenty one and in two thousand and three in Texas,
• 9:21
  Speaker 1: where the quorum rules were used to slow down legislation.
• 9:25
  Speaker 1: Governor Greg Abbott has now responded, issuing a three pm
• 9:29
  Speaker 1: Monday ultimatum for Democrats to return or face serious consequences.
• 9:36
  Speaker 1: He threatened to quote invoke a twenty twenty one AG
• 9:39
  Speaker 1: opinion allowing courts to clear seats vacant due to intentional
• 9:44
  Speaker 1: quote abandonment of office. He also could seek civil arrest
• 9:49
  Speaker 1: warrants for absent members, valid only however, inside of Texas,
• 9:54
  Speaker 1: which is why so many Democrats have fled to liberal states. Also,
• 9:59
  Speaker 1: he can invest gave potential felony charges for fundraising to
• 10:03
  Speaker 1: pay the five hundred dollars a day fines that are
• 10:06
  Speaker 1: being imposed by the House rules. Now, the Texas House
• 10:10
  Speaker 1: passed an eighty five to six vote authorizing the Sergeant
• 10:15
  Speaker 1: in Arms to issue civil arrest warrants for those that
• 10:18
  Speaker 1: were purposely absent. Now, breaking quorum, by the way, is
• 10:23
  Speaker 1: not a crime, making extradition impossible. Abbot cannot legally compel
• 10:29
  Speaker 1: lawmakers to return from other states directly, is what is
• 10:34
  Speaker 1: being said now by Politico. Declarations of vacancy would require
• 10:38
  Speaker 1: individual court action in each lawmaker's district, potentially years of
• 10:43
  Speaker 1: litigation and would delay redistrict came beyond the December twenty
• 10:47
  Speaker 1: twenty five deadline for the twenty twenty six primaries. And
• 10:51
  Speaker 1: that's exactly why Democrats are playing this game. Texas Democrats
• 10:56
  Speaker 1: maintain they are quote standing up for democratic norms, not
• 11:01
  Speaker 1: running away. You can decide how ridiculous they actually are
• 11:04
  Speaker 1: in your own minds. But many of the representatives are
• 11:07
  Speaker 1: now taking more heat. Why because they are prioritizing the
• 11:13
  Speaker 1: democrats agenda over prioritizing flood relief. Yes, that was one
• 11:19
  Speaker 1: of the issues on the table that they're now fleeing from.
• 11:22
  Speaker 1: I'll give you just another example of also how many
• 11:25
  Speaker 1: liberal cities are helping them and states. The Illinois governor
• 11:29
  Speaker 1: Pritzker publicly back the lawmaker's actions, calling them a courageous
• 11:34
  Speaker 1: defense of democracy and saying welcome to Illinois. Democrats are
• 11:39
  Speaker 1: characterizing the Governor of Texas Abbot's threats as quote smoking mirrors,
• 11:44
  Speaker 1: pointing out that constitutional tools like quorum breaks are legitimate
• 11:49
  Speaker 1: devices they say to use under Texas law. Here's more
• 11:53
  Speaker 1: of what Governor Abbott had to say about what the
• 11:56
  Speaker 1: Democrats are doing and now what they're going to face.
• 12:00
  Speaker 2: Very simply, it would be bribery if any lawmaker took
• 12:04
  Speaker 2: money to perform or to refuse to perform and act
• 12:08
  Speaker 2: in the legislature. And the reports are these legislators have
• 12:13
  Speaker 2: been both. They sought money and they offered money to
• 12:18
  Speaker 2: skip the vote to leave the legislature to take a
• 12:23
  Speaker 2: legislative act. That would be bribery. And so the facts
• 12:27
  Speaker 2: will have to come out. But I think based upon
• 12:29
  Speaker 2: comments made by legislators themselves, they face a possibility facing
• 12:34
  Speaker 2: bribery charges, which is a second degree felony in the
• 12:37
  Speaker 2: state of Texas. There's one way to cure that, and
• 12:39
  Speaker 2: that is if they get back to the state of
• 12:42
  Speaker 2: Texas and make quorum today are hearing that we have
• 12:45
  Speaker 2: at the three o'clock they can cure themselves of any
• 12:48
  Speaker 2: quid pro quo that would subject them to potential bribery charges.
• 12:52
  Speaker 1: Well, guess what Democrats decided not to come back by
• 12:56
  Speaker 1: three o'clock and why because apparently they love the idea
• 13:00
  Speaker 1: of being arrested and saying they're being politically persecuted. Now,
• 13:04
  Speaker 1: the one takeaway from this is pretty simple and clear.
• 13:08
  Speaker 1: You can expect Democrats to probably pull the same exaction
• 13:11
  Speaker 1: in against you're witnessing right now in other states around
• 13:15
  Speaker 1: the country, and they're using Texas as the blueprint for it.
• 13:19
  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
  Speaker 3: in depth news, also subscribe to the Ben Ferguson podcast
• 13:33
  Speaker 3: and we will see you back here tomorrow.