I'm surprised by the action, not so much the amount. Banks can borrow as much as they want from the Fed for basically free. But the fact a bank to cancel a customer's deposit account based on politics? I'm sure they have plenty of customers with felony convictions, but again, that's none of their business.
I'm surprised by the action, not so much the amount. Banks can borrow as much as they want from the Fed for basically free. But the fact a bank to cancel a customer's deposit account based on politics? I'm sure they have plenty of customers with felony convictions, but again, that's none of their business.