Donald Trump is considering a possible executive order that would require banks to make sure customers are U.S. citizens to create or keep their accounts, according to a new report.
The proposed action, reported byThe Wall Street Journal, would see banks collect information on individuals’ citizenship through requests for a new category of documents in order to open the accounts.
The Independent has contacted the White House for confirmation or further information about reports of the executive order, which has reportedly raised eyebrows among some banks in recent days.
Yeah that’s gonna generate an absolute shitload of lawsuits.
Also, way to go speeding the shift away from the USD as the de facto global reserve currency. Jesus tapdancing christ.
this is their goal, they’re trying to collapse the US economy. disaster capitalism is all that’s left when all other fields are taken/captured by effective monopolies. there’s no room for organic growth, just smashing shit to the ground and buying up distressed assets on the cheap
we have done this boom/bust cycle many times now
Draining the courts’ resources AND make daddy putin happy, sounds like a win-win for Trump