The president and his legal professionals have emerged from underneath the bridge and introduced the goal of the subsequent shakedown trollsuit.
JAMIE DIMON, COME ON DOWN!
Trump introduced the litigation final week on Reality Social, insisting that he would by no means think about a loser like Dimon, the CEO of JP Morgan Chase, to steer the Fed or Treasury. And yesterday he truly filed the thing (h/t Reuters) in native court docket in Miami-Dade.
It’s actual, and it’s spectacularly bonkers.
The gravamen of the declare is that the financial institution despatched Trump a letter on February 19, 2021, six weeks after he despatched a mob to put siege to the seat of presidency, giving him and his related companies 60 days to seek out another person to carry their cash. This violates Florida’s client safety statute … don’t ask how. After which JPMC put Trump’s identify on a “blacklist” of consumers that it wouldn’t do enterprise with, which is commerce libel, regardless of being true.
“Plaintiffs are assured that JPMC’s unilateral resolution took place on account of political and social motivations, and JPMC’s unsubstantiated, ‘woke’ beliefs that it wanted to distance itself from President Trump and his conservative political beliefs,” he claims. That is fairly undercut by his personal social media post during which he straight hyperlinks the “debanking” to “the January sixth Protest,” not his “conservative political beliefs.” And anyway, “conservative political beliefs” will not be a protected class, a degree the criticism tacitly concedes by pointing to Trump’s government order purporting to make it one in August of 2025 and Republican Senator Kevin Cramer’s reintroduction of a legislation banning it final 12 months. Florida made a hamfisted attempt to bar it in 2023 when it outlawed ESG, however that was alongside after the financial institution gave Trump the boot. Additionally, the statute offers no personal proper of motion, as Trump helpfully concedes in his criticism.
However Trump is undeterred! He and his libeltroll lawyer Alejandro Brito demand $5 billion for the embarrassment of getting to maneuver all that money “provided that Plaintiffs have all the time complied with all relevant banking guidelines.” AHEM.
However why hassle with the niceties of pleading an precise reason for motion when you’ve gotten the whole regulatory equipment of the federal authorities at your disposal and also you’ve made clear you’re prepared to deploy it towards any entity that fails to pay you tribute? The one paragraph that issues is the one the place Trump notes that JPMC is “underneath federal investigation resulting from its prior historical past of political debanking and different viewpoint-based debanking.”
Translation: Get out your checkbook, or put together to be harassed at each flip by an alphabet soup of federal companies.
Time for an additional eight-figure donation to the Trump presidential library. These Qatari bribe jets require loads of costly upkeep!
Liz Dye produces the Regulation and Chaos Substack and podcast. You possibly can subscribe by clicking the brand:
