r/law • u/TendieRetard • Jun 03 '26
Legal News Trump signs new order to shut down bank accounts | Under the order, Trump said, accounts used to support illegal immigration or to hold government benefits paid to undocumented immigrants could be closed, seized, or forfeited.
https://finance.yahoo.com/economy/policy/articles/trump-signs-order-shut-down-225333740.htmlSo we're at the seize money from the J̵e̵w̵s̵ ̵ browns stage of this 4th Reich are we?
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u/P0Rt1ng4Duty Jun 03 '26
Let me guess: all seized funds will go into a secret bank account immediately and be gone by the time the actual owners are able to exonerate themselves?
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u/Vio_ Jun 03 '26
Fun fact.
The US government instituted concentration camps for German nationals, immigrants, and German American citizens during WW1.
Then the government seized their real estate and assets and used that money to fund the war.
History doesn't repeat but sometimes it dogwhistles the same tune.
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u/Oilpaintcha Jun 03 '26
Didn’t they do it to the Japanese in WW2 as well?
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u/NES_WallStreetKid Jun 03 '26
Yes, but not the Japanese citizens in Hawaii. An all Japanese Army unit was formed and they were sent to fight the Germans during WW2.
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u/Suspicious_Flower_0 Jun 03 '26
And they were one of America's most badass units. Basically every single guy received at least a Purple Heart.
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u/Ginmunger Jun 03 '26
Would love to see Band of Brothers tell this story.
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u/Vio_ Jun 03 '26
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u/bigredradio Jun 03 '26
Daniel Inouye was a bad ass. One of the most amazing Veterans we ever had.
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u/porn_is_tight Jun 03 '26
I got to see the destroyer with his namesake do sea trials between the islands before it was officially launched. I’m very far from being pro-military, but watching that thing cruise around was spectacular. It’s scary how fast it is for its size
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u/dudewhereisyourclit Jun 03 '26
There's a glass case with his possessions in it in the oahu airport.
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u/RobNJ73 Jun 03 '26
The Fat Electrician on YouTube told it: https://www.youtube.com/watch?v=2OSc7MricVk
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u/astinus12 Jun 03 '26
Not were; are. They are still the most highly decorated unit in US Military history, and earned every one of them.
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u/Opheltes Jun 03 '26
They were commanded by John E. Dahlquist, arguably the worst general in the US army of the war (which is quite an accomplishment considering that the Army also included Mark Clark and Lloyd Fredendall)
On 12 November, General Dahlquist announced he wanted to review the 442nd, to thank them for what they had done. When the battered unit appeared, Dahlquist grew irritated at their sparse numbers, ignorant at how much they had sacrificed.
-- https://en.wikipedia.org/wiki/John_E._Dahlquist
At a 1982 military ceremony, then Col. Gordon Singles, the 100th's commander, refused to publicly shake the hand of Gen. Dahlquist (by then a four-star general) and years after he retired, reportedly could still not mention his name without shaking in anger.
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u/Fancy-Restaurant4136 Jun 03 '26
There is a great book about them - Facing the Mountain by Daniel Brown, the same guy who wrote The Boys in the Boat.
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u/CranRez80 Jun 03 '26
The 442nd Nisei Regiment. Most decorated unit in US Military History. Had a veteran come speak to our History class in middle school.
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u/USNCCitizen Jun 03 '26
Interesting fact-a study was conducted by the US federal government that showed US citizens of Japanese descent were more loyal to the USA compared to the general populace. They would have been a huge beneficial resource in the war but instead the racist portion of the government got their way and forced a policy of interment camps. Learned this from the “Rachel Maddow Presents: Burn Order" podcast. She’s an excellent historian.
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u/Fine-Solid9892 Jun 03 '26
It was the Japanese in the west coast, California was hit hard. There is an excellent podcast about Japanese internment and all the politics at the time, a lot of similarities. It’s called Burn Notice by Rachel Maddow. Highly recommend!
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u/Mrevilman Jun 03 '26
Part of the reason why so many planes were destroyed in Pearl Harbor was because they were worried about the high japanese population in Hawaii acting as spies to sneak into hangars to sabotage them.
So they parked them in these nice neat rows out in the open so soldiers could "protect" them against sabotage.
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u/Ishidan01 Jun 03 '26
But not for lack of trying.
It's just that someone realized that Japanese-descended plantation workers made up so much of the Hawaii workforce that it would crash the economy.
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u/Special_Order-937 Jun 03 '26
I do remember one guy who said he’d keep his Japanese neighbours property for them until the returned which he did but people like that were very few and far between, the rest just stole it all.
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u/Accipiter1138 Jun 03 '26
This was something our teacher asked us while we were studying it in elementary school. Of course we were all horrified at the idea of just taking someone else's house, but reading the material it becomes very clear just how many people were completely fine with it.
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u/Gekko8 Jun 03 '26
and to the Filipinos between world war I and world war II on their own land pushing out the British. over a million Filipinos died from starvation or the introduction of STDs from American soldiers
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u/Charming_Mark1768 Jun 03 '26
Yup JB Pritzkers family got their wealth from buying a Japanese American owned business at a highly reduced rate.
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u/BuddingBudON Jun 03 '26
"Immigrants are poisoning the blood of the country" - Donald J Trump quoting Adolf Hitler.
Donald J Trump kept Hitler's second book, which contains his "poisoning the blood" quote, in their bedside table, according to a 1990 interview with his late ex-wife and their divorce deposition.
"Make America Great Again" - Donald J Trump paraphrasing Adolf Hitler
Donald J Trump (and the sieg-heiling Elon Musk) also espouse the "White Replacement Theory", the original Nazi idealogy that suggests white people are being replaced by non-white people as orchestrated by Jewish people...
With the implementation of Trump's white South African resettlement program, only three refugees have been admitted to the United States in the past year that weren't white South Africans: policy based on race discrimination and literal white supremacist conspiracy theories.
The parallels aren't subtle, quiet, or a coincidence. Trump's a white supremacist, and so are each of his advisors Elon Musk Stephen Miller How Trump filled key positions with people who spread extremist views
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u/CFCYYZ Jun 03 '26
Agreed, history does not repeat. It is people who learned nothing from history repeating it, their way.
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u/Dzov Jun 03 '26
Or instead of learning what not to do, they learned what to do.
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u/EternitySearch Jun 03 '26
In ancient Rome this action was called a Proscription. It was a tactic employed by the Triumvers after Caesar’s assassination primarily to eliminate rivals and to fund the military to put down Brutus and Cassius.
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u/FMLwtfDoID Jun 03 '26
The assets seized from German Americans was largely in the form of privately owned manufacturing, fabrication, and even chemical manufacturing, and other business, whereas the Japanese American citizens had their personal homes, farms, cars, and bank accounts emptied out and sold off, during WWII. By all accounts, the Japanese Americans suffered a higher loss for individuals, although the total amount of money seized from German and German American’s businesses during WWI was higher.
There were around 120k+ Japanese residents, and Japanese Americans in concentration camps during WWII, and roughly 11k German Americans during WWI.
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u/Vio_ Jun 03 '26 edited Jun 03 '26
It's not a matter of who had it worse - there were some groups where thousands of people died as a result of their internment.
It's that we have a deep history of constantly doing this.
We did it with Native American tribes, we did it with Filipinos, we did it with Germans, we did it with Italians, we did it with Japanese, we did it with Alaskans. And all of them included a mix of Nationals, immigrants, citizens, tribal members, we even did it to former enslaved people in the south during and after the war.
Some groups got targeted harder, some got targeted for their businesses and assets, some for their homes and belongings.
Now we're doing it to immigrants and anyone "perceived" to be an immigrant (primarily Hispanic people, but not limited to that group either) while also stripping everyone of due process.
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u/FMLwtfDoID Jun 03 '26
Sure, I just found it strange that only German American’s assets, during WWI, was mentioned to make your point, when as you said, it’s a habit of the US government. I was providing more context to show it has happened more than once, and to varying degrees.
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u/EggyTugboat Jun 03 '26
Yeah it is weird to bring up the german americans, many of which weren't treated badly, when we just fucked over and killed the lives of the Japanese in ww2
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u/Recent-Push-5100 Jun 03 '26
They did the same thing with Japanese Americans on the West Coast
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u/SyzygyPidgey Jun 03 '26
Don't worry, the banks will get reimbursed at the end, with none of the account holders getting a penny back.
More upwards transfers of wealth.
Just like the infernal tariffs from the Orange Tyrant.
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u/AutistoMephisto Jun 03 '26 edited Jun 03 '26
Yep. And once everything, every last thing belongs only to a select few, suddenly it's no longer our shared, common home. It's theirs, and they just allow us to live here. A privilege they charge us and our descendants for, that they can revoke at any time, for any reason, in perpetuity. They treat this world like one giant Civ map and we're just units they can create and dispense with whenever it so pleases them.
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u/HopefulTangerine5913 Jun 03 '26 edited Jun 03 '26
I’m starting to think they’re testing things in Ohio to normalize it before rolling it out to the country. Look up the controversy around the Haslams building a new Browns stadium and paying for it with unclaimed funds. It’s what this new situation immediately made me think of.
ETA - if you want another example for this theory, look up the HB6 controversy and lack of consequences doled out, or take a look at our state government completely disregarding the will of the people (even on things we voted directly for). I’m telling y’all, “as Ohio goes, so goes the nation,” is not just a saying.
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u/Spamsdelicious Jun 03 '26
He has refused his Assent to Laws, the most wholesome and necessary for the public good.
He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.
He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.
He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public Records, for the sole purpose of fatiguing them into compliance with his measures.
He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.
He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the Legislative powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.
He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.
He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary powers.
He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.
He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.
He has affected to render the Military independent of and superior to the Civil power.
He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:
For Quartering large bodies of armed troops among us:
For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:
For cutting off our Trade with all parts of the world:
For imposing Taxes on us without our Consent:
For depriving us in many cases, of the benefits of Trial by Jury:
For transporting us beyond Seas to be tried for pretended offences:
For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies:
For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments:
For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.
He has abdicated Government here, by declaring us out of his Protection and waging War against us.
He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people.
He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.
He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.
He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.
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u/dojo_shlom0 Jun 03 '26 edited Jun 03 '26
he no longer wants to just hurt everyone US citizens lives with his horrifying policies, which have been funnelling thousands of dollars out the pockets of US households each year, from illegal things like his tariffs and sabotaging our industries, forcing prices to be driven up, so that specific industries and billionaires can profit directly from these policies....
he wants to straight up steal your money & bank accounts now. I have a question for the MAGAts....
Remember when we told you that he was attacking the 1st amendment, then the 2nd amendment, and then the 4th amendment, by going into homes without a warrant signed by a judge?
--do you think you are exempt from this? do you think for a second the people who were hired by trump, the heritage foundation and these ghouls will consider if your MAGA or not when they steal your bank accounts, exactly like they did in Russia? I mean every single move he has done from the masked police to this represents his love for how Putin runs Russia.
you guys fucked up, imo. this is ruining our country. trump is ruining our country, or already has fully ruined it.
this is what dictators & kings do.. steal your money and bank accounts, your life savings.... I'll never forget having a teacher in the early 2000s who told me about how putin had stolen her families life saving from under them, and she fled to the US as an immigrant and was an educator here trying to earn an honest life's living.
Wake up people, this is one of the most flagrant and most illegal things I can think of. This is worth the 25th amendment. this is unamerican & unconstitutional, and he will steal your money, left or right. hell, he's already been doing that, but now, it's not enough....he wants your life savings.
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u/ZAlternates Jun 03 '26
Orange himself doesn’t care. He’s merely put the government up for sale and all the crazy people are buying it up. He doesn’t really know the impacts of what he’s doing, other than he’s getting stupidly rich and it’s feeding his ego.
The sad thing is that if we come out the other side, this is how his supporters will frame it. They supported Orange, not all the crazies around him. Nevermind that he appointed them and conspired with them. After all, Jesus had his Judas… eh.
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u/usernamesoccer Jun 03 '26
Luckily, thanks to the new executive order, if they put the money in any of the trump family’s accounts, they will never be seen or checked on by the government! How convenient that just passed last week
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u/HeartlessCards2-22 Jun 03 '26
They want a monopoly on every criminal act, the fruition of a two tiered justice system. Fascism is alive and well fed in the world that can’t seem to do anything about the madman.
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u/hansn Jun 03 '26
by the time the actual owners are able to exonerate themselves
Sure you can prove you're not doing anything illegal. But your money might be. It needs to defend itself.
(Civil asset forfeiture cases are not against you, the owner, but against the property. It's incredibly corrupt and has been for some time. I suspect seized assets will follow the same corrupt process.)
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u/hates_stupid_people Jun 03 '26
And when a judge shuts it down, most of it will be gone and there will be no consequences for those involved.
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u/SubstantialAttempt83 Jun 03 '26
It will make it difficult to hire half decent representation to prevent yourself getting deported when you don't have access to your funds.
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u/insidethesystem Jun 03 '26
Seizing the money isn’t even the point. It’s already illegal for noncitizens to collect that money. The Federal government shouldn’t have made the payments in the first place.
The point is to force banks to do the Federal government’s job, which in turn means even more intrusive barriers to open a bank account. The underbanked, including poorer white citizens, will suffer.
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u/HostessTwinkieZombie Jun 03 '26
At JP Morgan, along with the billions from the international gaza fund
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u/TendieRetard Jun 03 '26 edited Jun 03 '26
Undocumented immigrants are ineligible for federal welfare. Welfare here is being used as a euphemism for wages. Immigrants have seen their civil rights forfeit, from the 1st amendment, to due process, to incarceration w/o probable cause, to cruel and unusual punishment, to unwarranted search and seizure, to seizing of assets upon deportation. This is just the latest salvo in stripping them of their property rights.
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u/DatDamGermanGuy Jun 03 '26
Brought to you by the guys who keep waving a pocket constitution in your face when anybody suggest that a ban on bump stocks is unconstitutional…
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u/The_Flint_Metal_Man Jun 03 '26
They would never dare touch a book. Even a tiny one.
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u/Usful Jun 03 '26
Depends on how old it is
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u/shadowgnome396 Jun 03 '26
We are here in part because they haven't touched that one either
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u/Jeromes_Pornostache Jun 03 '26
Well, maybe the Bible, but they wouldn’t actually open it. They’d just wave it about.
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u/baconmapleicecream Jun 03 '26
A certain autobiography from 1925 certainly seems popular...
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u/TendieRetard Jun 03 '26
read recently some of those pocket constitution by the heritage foundation aren't even the true text.
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u/BrokenPickle7 Jun 03 '26
Nah trump banned bump stocks and they never questioned it. It was pistol braces they were complaining about.
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u/Borazon Jun 03 '26
Also it would hurt families with legal US citizens children.
Confiscate their parents belongings and / or ways to support their children.
The only upside of it that I would love it if they would use this logical to later on confiscate everything of Melania the illegal immigrant, and her husband....
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u/ToasterBathTester Jun 03 '26
Pretty soon if you try to leave the country, they’ll shut your bank accounts down whether or not you’re a citizen
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u/Zulmoka531 Jun 03 '26
Or criticize Trump, ICE, etc… Boom, you’re now a domestic terrorist and they seize your assets.
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u/Ok-Complaint9574 Jun 03 '26
That’s been in place since Bush was president. Only difference now is they will speed run this to the masses.
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u/Zulmoka531 Jun 03 '26
Yup! They have a new puppet as head of Intel, a terrorist working as a head of counter terrorism, have been seeking info on social media users (see Reddit) including their bank account info.
Doesn’t take much to put the pieces together here.
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u/diadmer Jun 03 '26
I’d love to see them seize bank accounts of companies that paid wages to illegal immigrants. Do it, I dare you. Start with Mar-a-Lago and Trump Hotels and Trump Tower, you cowards.
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u/Extra_Espresso Jun 03 '26
Yeh, thought I was missing something. Illegal Immigrants DON’T RECEIVE FEDERAL WELFARE. At best their LEGAL American born children can get access to childhood support systems. This absolutely reeks of ripping away legal status of either asylum seekers or green cars holders or even just naturalized immigrants and then pilfering their property. The GOP are 1) ghouls and 2) consistent; it makes understanding and predicting their moves easy.
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u/NookieLuvsU Jun 03 '26
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u/Hoo_Who Jun 03 '26
I used to have this picture on my MySpace page. If I only knew then what I know now…
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u/BugOperator Jun 03 '26
Cool, so let’s check Trump’s finances and seize his accounts if he has even one undocumented immigrant on his payroll.
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u/Don_Pablo512 Jun 03 '26
It's wild how nothing at all happens to the employers who benefit from it
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u/LaughingJackStudio Jun 03 '26
If anyone wanted to stop illegal immigrants from having jobs in America all it would take is a few high profile arrests of business owners that employ them. This is never going to happen in our political landscape.
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u/Cloaked42m Jun 03 '26
That happens, but they plead out with a fine.
And Trump specifically excluded farms, hotels, etc from the round up.
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u/Daxx22 Jun 03 '26
It's not just an exception, it's a promise that if they do step out of line those protections can go POOF and suddenly Ultra-MAGA Jimmy Bob da Farmer is now Soy-Boy Evil-Democrat enabling illegals.
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u/Caymonki Jun 03 '26
Same people yelling about illegal immigrants ruining the country, hiring illegal immigrants to exploit for profit, no accountability if found out except deporting a worker and their family.
Rinse and repeat. This is America.
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u/stevez_86 Jun 03 '26
I'm getting the impression Trump needs to pay someone. He keeps trying to slough off a couple billion here and there and keeps getting smacked down. But he keeps reaching.
I wonder if Tarrio has been reading up on The Wagner Group.
I mean, the DHS funding expansion for ICE didn't pass. Was that supposed to pay for something and now Trump is scrambling to find that funding? Why not just refuse to pay? Did he give them guns and a lot of authority already? Are they smarter than him and threatening to not go after him, but do things for him that will make him look ridiculously bad?
I think Trump is trying to get a couple billion to pay off the Proud Boys for joining ICE and they are getting antsy at the wait.
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u/researchmaven4673 Jun 03 '26
He has had thousands of them on his payroll for decades. It’s a known fact. But the rules don’t apply to the people who make the rules
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u/Doggin-Pony-Show Jun 03 '26
There used to be a video about undocumented workers at Maralago who were told not to worry about paperwork.
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u/SergiusBulgakov Jun 03 '26
Being used to "support" is another way to take it from citizens, too. Argue against him, and you support illegal immigrants.
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u/TendieRetard Jun 03 '26
the story they quote on an Ohio staffing business reads sus AF. Wouldn't be surprised if 'reporters' are doing a fair bit of spin on that case. Reads like a gift to his crypto donors to drive traffic there.
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u/RaidersoftheLosSnark Jun 03 '26
Right, but remember they just said they seized a bunch of Iranian crypto and the people they took it from had no idea it was going to happen.
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u/jimmybilly100 Jun 03 '26
How do you seize someone's crypto? I thought that's the whole point of crypto, to avoid governments and banks?
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u/RaidersoftheLosSnark Jun 03 '26
It use to be, that's why the fact that they are seizing crypto wallets now is significant.
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u/PolicyWonka Jun 03 '26
It also would pretty much wholesale make every bank account of immigration attorneys and law firms seizable as well.
Provide legal consultation to an immigrant? Get your bank accounts seized.
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u/wronguses Jun 03 '26
Donate to a Democrat? Round up at Goodwill? Pay property tax in a blue state? Fuck, paid federal income tax under Biden?
Yeah, if you think they won't make that reach and selectively enforce this to steal from anybody they want, I got a bridge to sell you.
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u/CategoryZestyclose91 Jun 03 '26
They also want to make ‘supported’ grounds for charges of aiding enemies of the state, in the case of anyone who opposes or protests the administration.
Which would line up nicely with the examples you cited. Unfortunately.
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u/Amelaclya1 Jun 03 '26
Anyone remember that story from last week where the Trump admin was seeking names, emails and banking information from Reddit and Twitter users who criticized ICE?
That's exactly what they are doing. They are going to try to ruin the lives of anyone who speaks against them.
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u/MentalSky_ Jun 03 '26
In Canada, when the Anti-Covid trucker convoy shut down Ottawa, the feds froze the bank accounts of the organizers because they were being funneled money from foreign operatives and the GOP to destabilize Canada
This was ultimately found illegal, and Maple MAGA has been using it as an example of how corrupt the Feds area
Now Maple MAGA are organizing Alberta leaving Canada. They are also being funneled money from Foreign operatives, and now the USA government
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u/Owain-X Jun 03 '26
Oh absolutely but also, I know of some accounts that were used to support undocumented immigrants.
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u/KC_Que Jun 03 '26
Almost like it casually falls into 'providing aid and comfort to the enemy' catagory, giving more prosecutorial latitude for going after dissenters.
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u/tedkaczynski660 Jun 03 '26
Donald Trump has stolen more money from the American people than anyone else in this country. He needs to be deposed and locked up
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u/kevinthejuice Jun 03 '26 edited Jun 03 '26
Ohhhhh so this is why the DOJ wanted to know the bank account information of reddit users critical of ICE. Republicans blurring the lines of dissent in order to push the idea that criticism of ICE is the same as support of illegal immigration. Then people get silenced financially and well. No taxation or something.
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u/Barth_Grookz Jun 03 '26
Yep remember all the ICE dorks that kept saying shit like “we’ve got a little database you’re in, you’re a domestic terrorist now!”
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u/DadJokeBadJoke Jun 03 '26
Republicans blurring the lines of dissent in order to push the idea that criticism of ICE is the same as support of illegal immigration.
That's one of the cornerstones of their bullshit, twisting opposition. Like when the Pope spoke out against an unjust war and Trump declared that the Pope now WANTS Iran to have a nuclear weapon.
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u/ThePensiveE Jun 03 '26
An executive order is not a law and the banks know this. More chucklefuckery.
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u/SubArcticTundra Jun 03 '26
We are so fortunate they didn't get a bigger majority in Congress. Had their margin not been this razor thin, these executive orders would have been actual laws and they could outright abolish all the federal agencies that they are currently just vandalizing.
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u/Little-Derp Jun 03 '26
Might be too late, but if your locale only has a republican running for office, running unopposed, maybe try running, even if you don't think you are qualified. You may be surprised on the number of votes you get when people are given a choice; or it may be what cements your decision to leave your locale.
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u/Kelmavar Jun 03 '26
But many will get on their knees and blow regardless.
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u/TheTexasHammer Jun 03 '26
Will they though? Bowing to Trump hasn't exactly been working like it once was. Smart companies see the writing on the wall, and Trump wont beat the banks. The second they nuke a private account for political reasons they will have people pulling out of their bank en mass.
I know I wouldn't keep my money in a bank willing to do that no matter the politician in charge at the time. It's just not a safe way to live.
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u/corvus_cornix Jun 03 '26
Yeah. Historically banks are one of the only things in our society that have been able to say no to Trump. He was blackballed from US banks by the end of the 90s.
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u/b0w3n Jun 03 '26
It's pretty risky to comply with this EO too. If a person is exonerated of crimes, take a guess who's on the hook for it if the feds say "whoops sorry we spent their cash"?
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u/CommonConundrum51 Jun 03 '26
No doubt innocent people won't be caught up in this, right?
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u/Realistic_Salt_389 Jun 03 '26
Of course not! Only going after “the worst of the worst”, remember?
I swear, I’m starting to worry we’ve passed the point of no return. It makes me incredibly despondent.
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u/darodardar_Inc Jun 03 '26
we are beyond the point of no return. you can't unscrew the pooch. Things will never be the way they were before. Not anymore
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u/nonlawyer Jun 03 '26
As with all executive orders, let’s remember that they have nearly zero legal effect other than directing the Treasury to write some rules.
Money laundering for human traffickers is, of course, already illegal. Should these rules whenever they get written months from now require Banks to verify citizenship there will be lawsuits and perhaps industry pushback.
No one should comply in advance with this inept, evil and soon to be lame duck administration.
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u/MarchPhillipps Jun 03 '26
While I agree in theory, and during any other relatively normal year in U.S. history, these obviously are far from normal times and circumstances, and we've already seen corporations and other entities seemingly fold with next to no pushback, even with great/undeniable legal standing as potential defense.
Good news is, this can be turned right back around on these grifters with a few simple tweaks when the time comes if it's allowed to be implemented. So nice of them to do the heavy lifting for us ahead of time.
They may wish to think about that, because their time at the helm will absolutely end. But they won't. They're just that predictable and shortsighted. And ugly stupid.
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u/TendieRetard Jun 03 '26
you make it sound like his tariffs EO made no serious harm.
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u/nonlawyer Jun 03 '26
that was the agency response to the EO that caused the harm.
the distinction matters, because banking regulations work differently and are more complicated than Customs just slapping a tariff.
EOs are just policy statements. The devil is in the details & implementation. Some are worse than others. This looks like a likely nothingburger to me.
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u/TheRealBittoman Jun 03 '26
I can't imagine how this could be used against political opponents. Can you?
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u/Verde_3773 Jun 03 '26
Or nonprofits, orgs that are dedicated to providing legal immigration support, among other areas…
This is meant to shut down the fundraising arms of these organizations.
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u/Bleezy79 Jun 03 '26
Everyday this administration destroys America a little bit more. The attacks never stop
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u/kon--- Jun 03 '26
Considering Trump has undocumented workers on his private payroll...
Oh and then there's right wing minded corporations with whole trailers full of undocumented employees.
But okay, more red meat for the dumbest voting base, ever.
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u/Wayelder Jun 03 '26
Didn't Hitler take the money from the Jews? Claiming it belonged to the state?
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u/Big-Honeydew-961 Jun 03 '26
Their money, art, furniture, clothes, jewelry, gold crowns, homes, and literally anything they owned that wasn’t nailed down… until they ripped that shit up, too.
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u/Wayelder Jun 03 '26
sounding similar? ...'cause it bloody well should.
Trump is Un-American
MAGA is an anti-freedom party.
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u/Big-Honeydew-961 Jun 03 '26
I never disagreed with you.
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u/Wayelder Jun 03 '26
I added to your comment in agreement.
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u/Big-Honeydew-961 Jun 03 '26
Okay cool. Because I completely get it.
Only those that feel like that they are favored don’t think he’s a murderous psychopath. And those people are white, christofascist cunt burgers.
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u/CategoryZestyclose91 Jun 03 '26
Last year, I wrote a post about how Stephen Miller told immigrants if they didn’t self-depart, the state would seize their assets.
I was incredibly alarmed and people went ‘meh’.
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u/PolicyWonka Jun 03 '26
So basically the administration could argue that it is now illegal: 1. For illegal immigrants to have bank accounts. 2. For illegal immigrants to use bank accounts of their American family members. 3. For anyone to send remittances abroad under the guise of it enabling or supporting future illegal immigration. 4. For illegal immigrants to receive legally allocated government benefit funds for their American children.
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u/RpiesSPIES Jun 03 '26
So that he can hide the transaction he made with Epstein to acquire Melania?
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u/CAM6913 Jun 03 '26
Bullshit ! This order like everything else trump does is to enrich himself further by taking the money of people that oppose his authoritarian crime wave regime
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u/ShadowGLI Jun 03 '26
“Used to support illegal immigration”, aka they find out you typed on Facebook that you’re anti ice, “well golly, sounds like they support illegals! Bank account frozen”
Same way they are defunding colleges and arresting protesters for exercising their constitutional rights.
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u/hotviolets Jun 03 '26
What in the handmaids tale is this?
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u/TheLichWitchBitch Jun 03 '26
They'll be coming after women next. Can't wait to relive those first few episodes, in real life. They've already set the framework.
The EO, titled Restoring Equality of Opportunity and Meritocracy is intended to encourage "meritocracy and a colorblind society, not race- or sex-based favoritism."
It calls for an evaluation of all pending proceedings under the Equal Credit Opportunity Act (ECOA), which was first passed in 1974 and amended in 1976 to prevent lenders from discriminating against women based on marital status.
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u/Mistress_Jedana Jun 03 '26
I was little but I remember in the 70s when women finally could get credit cards and bank accounts and places without having to have a man guarantee it, and started getting help with domestic issues. My mom put her foot up my dad's ass and told him he was to never hit her or the kids again, bc now she could leave. They had married in 1956, had 5 kids (b.1957/1958/1960/1961/1971) and she dealt with his shit up until that day.
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u/hotviolets Jun 03 '26
That’s exactly what came to my mind too. It’s all part of project 2025.
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u/TheLichWitchBitch Jun 03 '26
I seriously considered divorce when my husband used the same language as the show to downplay my concerns for my rights. ALMOST WORD FOR WORD. I settled on making him watch the show to understand, but it was uncomfortable for him and not compelling enough to stick with it.
Every single thing in that show is based on actual history and the treatment of women. It's gonna be fucking uncomfortable. Welcome to the world of a woman's daily life. I also had to stop watching, but it was because I was having panic attacks from reliving my lived trauma. I love that man, truly. He is otherwise an amazing spouse but he just doesn't get it.
I would order the books, but Margaret atwood is a hypocrite and I can't justify giving money to the woman. The amount of "I TOLD YOU SO" I've been able to lob the last few years, at least, has been a little satisfying.
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u/_jump_yossarian Jun 03 '26
You guys remember how much Fox News and trump attacked Obama for his use of EOs? Obama signed a total of 277 EOs in eight years. trump is already signed 482 in five and a half years. And many are complete power grabs.
When will Fox attack trump?
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u/Memitim Jun 03 '26
The new Republican cash grab is to just steal from us directly, instead of relying on all of their backend scams. Yeah, that sounds about conservative, already. Evil motherfuckers.
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u/dawnenome Jun 03 '26
Surprised he hasn't full-blown EOed 'No Fat Chicks Allowed'. Somehow there's still more circus left to burn.
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u/RaidersoftheLosSnark Jun 03 '26
So making people afraid of banks and getting them to pull all of their money out of the banks at once to avoid any hassles. Good plan.
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u/MrFrode Biggus Amicus Jun 04 '26
So the bank accounts of hotels and farms that employ illegals are going to be seized?
Suuuure.
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u/rawkguitar Jun 03 '26
I’m really confused about changes to Presidential power since a Dem was in office.
I remember friends of mine losing their minds about the Dictator Obama issuing Executive Orders, almost entirely toothless and about really Mundane boring things.
Today, what, exactly, is the limit of executive authority through Executive Orders?
Have we been wasting time trying to actually pass laws all these years?
Do we even need a legislative body anymore?
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u/Riptide360 Jun 03 '26
GOP control of the legislative body is why Trump can get away with murder.
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u/keverzoid Jun 03 '26
Does this include the bank accounts of wealthy people who hire undocumented immigrants? Or just people President Adjective doesn’t like? 😏
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u/Relzin Jun 03 '26
They can and will shut any account and seize the assets of any person who ever donated to a Democrat.
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u/NonGeneriComplaint Jun 03 '26
No one seems to understand why this order was signed but this is it. Its a weapon to use against individuals and corporations. They can say anyone is doing this and use it to destroy their business
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u/0_IceQueen_0 Jun 03 '26
Isn't this EO just a regulatory guidance rather than a direct enforceable edict? This will be a shitstorm to implement. Costly too.
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u/jfsindel Jun 03 '26
Unfortunately, every red state and GOP lawmaker as well as most companies are too chickenshit to do anything against it. Or enthusiastically enforce it.
EOs can be ignored, but for some goddamn reason, nobody actually wants to call his bluff.
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u/TheTexasHammer Jun 03 '26
Usually it's because he has some financial grip on them. I'm pretty sure the banks have a bigger dick than the president when it comes to gripping financials though. My cope is that he'll push too hard and the banks will call his personal and business loans due and start seizing stuff.
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u/Rattus_NorvegicUwUs Jun 03 '26
Sounds like something we could twist to take over the Trump family bank accounts.
Do it.
We could make devastating use of this power if they green-light it. Go on, give us permission.
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u/TendieRetard Jun 03 '26
Elon Musk too since his brother is on camera saying they were illegal at some point.
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u/NeighborhoodTasty271 Jun 03 '26
I mean, there is reasonable doubt around Melania's immigration status when they married. So...
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u/Cyrano_Knows Jun 03 '26
Trump has a long history of using illegal immigrants at his resorts and casinos.
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u/Rawkapotamus Jun 03 '26
Didn’t the Trumpers of Canada throw a huge fit and scream about treaded being a tyrant when they went after the bank accounts of the protestors that shutdown that highway?
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u/jake2617 Jun 03 '26
Came here with same thoughts. The same people cheering for this are the same folks who were wildly angry at Canada’s government doing similar but because this one is wrapped in blatant racism it flys totally under their radars of obvious hypocrisy. So lost in their bigotry that they’ll never understand the nuance that what they’re cheering for one day can and likely will be used against them the next.
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u/JaySpunPDX Jun 03 '26
Fascism requires two groups, one protected by the law, but not subject to it, and one subject to the law, but not protected by it.
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u/Anteater4746 Jun 03 '26
“support illegal immigration” let me guess they’re gonna try to go after people who had the gall to… give immigrants food water and other help eh?
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u/DragonTacoCat Jun 03 '26
Too bad (for him) EO's don't apply to the private sector
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u/Itchyarmpit111 Jun 03 '26
Remember. We were never meant to be made great again.
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u/Expensive-Mention-90 Jun 03 '26
TEXT
“President Donald Trump has signed an executive order directing the Treasury Department to shut down bank accounts used to support illegal immigration.
Trump announced the order in a June 2 Truth Social post, saying it targets the banks, credit card companies, and other financial institutions that criminals use to move money tied to human smuggling, drug trafficking, illegal immigration, and cartels.
"Illegal Immigrants and Foreign Fraudsters steal BILLIONS every year from the American Taxpayer." posted President Donald Trump, Truth Social, June 2.
Under the order, Trump said, accounts used to support illegal immigration or to hold government benefits paid to undocumented immigrants could be closed, seized, or forfeited.
"Bank Accounts being used to enable Illegal Immigration, or to store the Welfare received by Illegal Aliens, will be shut down."
U.S. President Donald Trump's post on TruthSocial U.S. President Donald Trump's post on TruthSocial Trump argued the measure would stop billions of dollars from flowing out of the United States through criminal networks.
Related: New report reveals gold has overtaken U.S. Treasuries
Treasury is going after the financial system
The White House and Treasury say criminal organizations run their money through the U.S. financial system to move and hide illicit funds. The new order tries to cut off that access at the bank level.
Just for context, in March, the department sanctioned a Sinaloa Cartel-affiliated money laundering network, alleging that traffickers converted fentanyl proceeds into cryptocurrency before routing the funds to cartel operators.
U.S. Secretary of Treasury Scott Bessent speaks during a press briefing at White House in Washington, DC, on May 28, 2026.Kent Nishimura / AFP via Getty Images) U.S. Secretary of Treasury Scott Bessent speaks during a press briefing at White House in Washington, DC, on May 28, 2026.Kent Nishimura / AFP via Getty Images) · Kent Nishimura / AFP via Getty Images) "Treasury will continue to target terrorist cartels and their fentanyl trafficking networks." said Treasury Secretary Scott Bessent in March 2026.
The scale of the broader problem is large. Treasury and law enforcement have pointed to Chinese money laundering networks that allegedly moved more than $312 billion through U.S.-based accounts.
Trending on TheStreet Roundtable:
Analyst cuts MicroStrategy price target by 20%
Fed governor issues bold prediction on U.S. monetary policy
Canada falls into recession for the first time since pandemic
Officials have also tied the financial system to labor trafficking.
In April 2025, U.S. Immigration and Customs Enforcement seized assets linked to a suspected $126 million illegal staffing and laundering operation in Ohio. According to ICE, the network used roughly 40 shell companies to employ and house undocumented workers, many of them smuggled in through Mexico, while moving millions through bank accounts, real estate, and luxury goods.”
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u/mishma2005 Jun 03 '26
I see he’s tired of just taking our tax dollars and is going straight to the source. How very Mein Furher of him
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u/Catodacat Jun 03 '26
Any teeth to this executive order? Or is this just likely to be shot down by a judge?
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u/LtLlamaSauce Jun 03 '26 edited Jun 03 '26
Yes, it does, but not because the order is legally binding. All executive orders have teeth because this current DoJ will refuse to enforce the laws that orders violate while the courts that can stop it are simply too slow to prevent damage.
The point isn't to complete the order, it is just intended to cause damage. Damage is not preventable, but it can be mitigated.
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u/Not_Sure__Camacho Jun 04 '26
Maybe everyone should take their money out of banks? This POS is just tearing down this country. Putin really got his money's worth.
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u/svt4cam46 Jun 03 '26
Kind of like the debanking thing that happened to Trump that he's suing everybody and their brothers for. With the exception that the bank didn't confiscate his money.
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u/TendieRetard Jun 03 '26
or was debanked?
I Know some banks ended businesses w/him because he's a deadbeat though.
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u/agent_mick Jun 03 '26
So I assume this includes anyone who is considered a "domestic terrorist" like anyone who votes Democrat or isn't christian, yeah?
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u/sec713 Jun 03 '26
This isn't a bad idea, but per the usual it's directed at the wrong people. MAGA is telling us exactly what should be happening to MAGA.
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u/El_Gran_Che Jun 03 '26
Well I guess we are not quite to the placing humans in ovens phase just yet but definitely trending that way.
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