Bank of America Worked with Feds to Target Gun Owners, Whistleblower Confirms

Bank of America (BOA) worked with the Federal Bureau of Investigation (FBI) to investigate customers who made purchases with BOA credit and debit cards on and around Jan. 6, and pushed those who had made gun purchases to the top of the list, according to whistleblower testimony obtained by the Daily Caller News Foundation.

The whistleblower, George Hill, a retired FBI supervisory intelligence analyst, testified to the House Judiciary Committee In February that BOA gave the FBI’s Washington Field Office (WFO) a list of individuals who made transactions in the D.C., Maryland and Virginia area between Jan. 5 and Jan. 7, saying the company did so of its own volition and without any known legal process, according to testimony made to the House Judiciary Committee in February. The list of individuals, later distributed to FBI field offices across the country, included BOA customers that purchased any product between those dates, while customers who had bought firearms were prioritized.

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Big Banks Predict Significant Economic Downturn in 2023: POLL

Of the 23 major financial institutions that work directly with the Federal Reserve, 16 anticipate a recession within the next 12 months, with two anticipating one the year after, according to a survey published by The Wall Street Journal Monday.

These institutions, which range from Bank of America to UBS, note that Americans are spending their savings, banks are heightening lending standards and the housing market is in a decline, all classic warning signs that a recession is impending, the WSJ reported. All of this is being exacerbated, the banks say, by the Fed’s historically aggressive pace of interest rate hikes, designed to blunt stubbornly persistent inflation.

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Skrmetti and 18 Other State Attorneys General Probe Major Banks over ESG Policies

Missouri Attorney General Eric Schmitt (R) on Wednesday announced he is leading a coalition of 19 states in a probe of six major banks over environmental, social and governance (ESG) investing policies and involvement with the United Nations’ Net-Zero Banking Alliance.

The states are investigating Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo, all of which are Net-Zero Banking Alliance members and are required to set emissions reductions targets to net zero by 2050.

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Expect Layoffs and a Recession If Fed Doesn’t Let Up, Bank of America Exec Warns

If the U.S. Federal Reserve continues its policy of aggressive interest rate hikes, the U.S. could lose hundreds of thousands of jobs, spiking unemployment, according to a Bank of America analysis, CNN reported.

Bank of America’s Chief U.S. Economist Michael Gapen expects roughly six months of relatively high unemployment and a”mild recession,” as the Fed’s aggressive interest rate hikes blunt consumer demand, he told CNN Monday. However, Gapen also noted that the typical bounceback seen after a recession might be delayed if the Fed, which has been incredibly hawkish on interest rates, refuses to reduce rates.

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New Initiative Seeks to Counter ‘Woke’ Corporate Policies

The Boardroom Initiative, a new joint project from the Job Creators Network Foundation (JCNF), Free Enterprise Project, and Second Vote, aims to counter “woke” policies in corporate America.

The group will be led by former president and CEO of McDonald’s Ed Rensi and hopes to focus corporations on their business goals, rather than political policies.

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Federally Funded Non-Profits Are Running Illegal Immigrant Processing Centers in Nice Hotels, Helping Migrants Avoid Arrest

The Biden administration has deputized non-profit groups to move illegal migrants across the nation, allowing the charities to put them up in nice hotels and give them instructions on how to avoid capture.

Rep. Lance Gooden (R-Texas) said Monday that a whistleblower told him about an ongoing operation in San Diego, and decided to go there to see for himself what is going on.

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U.S. Adds 531,000 Jobs in October, Exceeding Expectations

The U..S. economy recorded an increase of 531,000 jobs in October, and unemployment fell by 0.2% as the labor market recovers from the summer lows, according to the U.S. Bureau of Labor Statistics (BLS).

The number of unemployed people fell to 7.4 million, down from 7.7 million in September, according to the BLS report released Friday. Economists surveyed by Dow Jones projected 450,000 jobs would be added in October.

While unemployment claims continue to fall, the country still struggles with labor shortages, supply chain issues and growing inflation.  Job growth was widespread throughout the economy in October, with leisure and hospitality adding 164,000 jobs, professional and business adding 100,000 and manufacturing adding 60,000 jobs, according to the BLS report.

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Costco Raises Minimum Wage to $16, But Won’t Advocate for All Businesses to Follow

Costco will raise its company-wide minimum wage to $16 per hour, a one-dollar increase that raises its wages higher than its fellow big-box retailers, the company’s CEO said during a congressional hearing Thursday.

Costco plans to raise its minimum wage from $15 to $16 because it is committed to paying workers “very competitive retail wages,” CEO Craig Jelinek said during a Senate Budget Committee hearing Thursday. Jelinek stopped short of advocating in favor of a federal minimum wage overhaul, instead saying he was solely focused on Costco.

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Bank of America Gives Customer Data to Federal Authorities After Capitol Protests

The mega-bank Bank of America has been giving private information about its customers to the federal government following the mostly peaceful protests at the U.S. Capitol on January 6th, as reported by Fox News.

The report comes from Tucker Carlson’s show Tucker Carlson Tonight, which obtained exclusive documents showing that Bank of America went through the private data and transaction history of all of its more than 60 million customers. This was due to the bank coming to an agreement with the federal government to use this information to identify so-called “extremists” who were present for the Capitol protests.

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