The biggest U.S. bank wrote Kanye West a “Dear John” letter presumably because he said things they objected to.
The Jaime Dimon-led JPMorgan Chase & Company bank informed the rapper his accounts at the bank would be closed November 21. West was advised to transfer his business to another bank before then.
No reason was provided to West in the bank’s unsigned breakup letter.
The Daily Wire further reported:
Update: Sources have indicated to The Daily Wire that JP Morgan Chase may have notified West of its decision to end its banking relationship with him prior to his controversial actions over the last two weeks. Original story below:
Rapper Kanye West said late Wednesday night that he was “happy to have” crossed the line by saying something that has been widely condemned as anti-Semitic because it now means that he can discuss cancel culture in the U.S.
“Hey, if you call somebody out for bad business, that means you’re being anti-Semitic,” West told reporters after he left the screening of Daily Wire host Candace Owens’ new documentary. “I feel happy to have crossed the line of that idea so we can speak openly about things like getting canceled by a bank.”
West’s comments were in reference to an email obtained by The Daily Wire that showed that a JPMorgan Chase bank was ending its banking relationship with West.
The statement, which was scant on details, was obtained by Candace Owens on the same day that Owens launched her new documentary on The Daily Wire, “The Greatest Lie Ever Sold.”
“We are sending this letter to confirm our recent discussion with [redacted] that JPMorgan Chase Bank, N.A (the ‘Bank’) has decided to end its banking relationship with Yeezy, LLC and its affiliated entities (collectively, the ‘Company’),” the bank said in an email to West. “To provide the Company with sufficient time to transition to another financial institution, we will continue to maintain the accounts (attached as Exhibit A), including all related products and services, until November 21, 2022.”
“To avoid any transaction delays, we suggest that you stop processing Company transactions and/or using any products associated with the accounts five business days before the scheduled closure date set forth above,” the statement continued. “After that date, the Bank will close any open accounts, and after deduction of any permissible service charges and pending transactions, remit all remaining funds in the form of a check delivered to the Company at the address of record.”
The issue reportedly began after West wore a T-shirt with the slogan “White Lives Matter,” which the Anti-Defamation League calls hate speech. Twitter and Instagram penalized him after he wrote he was going to “go DEFCON 3” on Jewish people.
The ADL “Who We Are” page states it’s mission is “to stop the defamation of the Jewish people and to secure justice and fair treatment to all.”
Defense readiness condition three increases “force readiness above that required for normal readiness,” which is two levels above “nothing to worry about” and two levels below nukes being launched.
Saying he was going to increase his readiness against attacks from the ADL reflects on his belief that their overreaction is discriminatory.
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