โ๏ธ Trump sues JPMorgan Chase
๐ง My Take:
A lot of noise around Trumpโs planned lawsuit against JPMorgan, but hereโs a grounded perspective:
โข Jan 6 responsibility: Trumpโs role in the events of January 6 is well documented. The fallout โ including banks reassessing risk โ was a direct consequence of that moment.
โข JPMorganโs actions: From a compliance standpoint, JPMorgan likely acted within its rights. Large banks routinely exit relationships they consider legally or reputationally risky.
โข Power imbalance: Trump currently holds significant political power, but courts operate differently. Based on precedent, this case either gets dismissed or ends in a relatively small settlement to avoid prolonged litigation.
(JPMorgan could pay a few million so Trump leaves them alone.)
Bottom line:
This is just gossip news. It should have minimal and short term market effect.
$BTC
#TRUMP #JPMorgan
๐ง My Take:
A lot of noise around Trumpโs planned lawsuit against JPMorgan, but hereโs a grounded perspective:
โข Jan 6 responsibility: Trumpโs role in the events of January 6 is well documented. The fallout โ including banks reassessing risk โ was a direct consequence of that moment.
โข JPMorganโs actions: From a compliance standpoint, JPMorgan likely acted within its rights. Large banks routinely exit relationships they consider legally or reputationally risky.
โข Power imbalance: Trump currently holds significant political power, but courts operate differently. Based on precedent, this case either gets dismissed or ends in a relatively small settlement to avoid prolonged litigation.
(JPMorgan could pay a few million so Trump leaves them alone.)
Bottom line:
This is just gossip news. It should have minimal and short term market effect.
$BTC
#TRUMP #JPMorgan
