Damn, thats crazy.

Did he release all the Epstein files yet?

Let's pretend this passes and becomes law. Now imagine a nationwide call for people to do a run on their bank, and pull out all their money. Even when the banks try to limit withdrawals, it doesn't mean you can't come back at some point and keep withdrawing.

Not everyone would do it, but eventually the news would be running in panic mode, as would investors.

I'd imagine the banks would be keen to demand a reversal of the law real quick..

It’s long past time to kill executive orders. Even the times they are used for good, they are often legally dubious and live on the whims of the courts.

Yeah that’s gonna generate an absolute shitload of lawsuits.

Also, way to go speeding the shift away from the USD as the de facto global reserve currency. Jesus tapdancing christ.

I'm certain that suddenly de-banking all green-card holders will .. do wonders for the US's innovation-position, globally .. won't it?

Ideology masquerading as "thinking" never legislates properly.

Bullying idiots, with their oversimplification "reality" they're doing their bullying in.

_ /\ _

So what would happen to all of those bank accounts of people on work visas?

The article makes it sound like Trump's racism against Somais and hatred of Ilhan Omar has a basis in fact and sanewashes his invasion of US cities by armed goons. Not unusual for the often-shoddy journalism of the oligarch-owned Independent.

One thing that is correct that many people posting here seem not to understand is that there is no current residency requirement to open a bank account in the US. Some banks will refuse because of their own policies, but that's it. You have to prove your identity, not your lawful residency status.

Do you want to collect less in taxes? Cuz this is how you encourage cash under the table compensation agreements. Fuck it, make it a law you have to be a citizen to own a home, trade stocks and buy anything that is not food. Ill get my citizenship from Niue where they have an average annual population growth rate of 1 person per year and ill go full on undocumented illegal who follows the lae by not paying taxes!

So if someone is a permanent resident are they just expected to keep their money under their mattress?

So now republicans are cool with the government telling businesses who they can and cannot do business with?

I'm not sure whether to file this one under projection or just good old bigotry.

He truly is the stupidest man I've ever heard of...and I knew a guy who boiled his sliced bread because the toaster was broken (true story, and he procreated...a lot).

Bank runs are great for the economy

What a shithole. But, in a weird silver lining sort of way, part of me doesn't mind the government hurting banks and more of the economy going underground out of reach of taxation.

I think this will ultimately lead to Trump hoovering up the wealth of his enemies, by closing accounts and having banks transfer the assets to his own hoard. DOGE stole information from the treasury, so Trump has a list to work with.

Why is that pedophile not in prison yet?

They can open up Cayman Island bank accounts just like the billionaire tax evaders.

I wonder if the goal is to push more people into crypto to prop it up?

Damn. Instead of releasing the Epstein files, he's really gonna shoot the USD in the foot some more. I bet they're stupid enough to also try to confiscate that money. Watch those Benjamin's become toilet paper real quick.

Just waiting for that inevitable heart attack…

But Deutsch is free to keep the money flowing to POTUS, family, and friends!