Former President Plans Legal Action Against Wealthy Ex-Friend and Big Bank
In a recent public outburst, the former President has posted his intent to take legal action against a prominent bank and its CEO, a man he has had a tumultuous relationship with.
The ex-President expressed his anger in a social media rant, dismissing reports claiming he had proposed a Federal Reserve Chairman position to the CEO of the bank. “This claim is completely false. I never made such an offer. In fact, I plan to sue the bank for wrongfully and unjustly closing my accounts following the protest on January 6th, a protest that ultimately proved the protesters were on the right side. The Election was TAMPERED WITH!" he declared.
Unfounded Accusations and a History of Disputes
While engaging in a bitter verbal dispute, the former President made it clear that the CEO of the bank was never considered for a treasury secretary role. He questioned, “Why would I offer it to him? There was never such proposition made or even contemplated.”
It wasn’t clear whether his frustration was solely directed at the CEO or extended to the entire banking institution. The former president has harbored resentment against the bank since it closed some of his related accounts in 2021, an action he labeled as “biased.”
The CEO also played a crucial role in the bank's decision not to finance his $400 million majestic ballroom project. The billionaire CEO, who is worth an estimated $2.9 billion, expressed that any association with the project could lead to potential backlash.
"Considering our numerous contracts with governments both locally and internationally, we must be very cautious about how these actions might be interpreted. Additionally, we must consider how future Departments of Justice might react. We are fully aware of the risks involved in any actions that could be perceived as seeking favors," he stated in an interview last year.
An Ongoing Feud Reignited
Just when it seemed like the two adversaries were finding common ground, the CEO publicly criticized the ex-President's decision to initiate a criminal investigation into the current Federal Reserve Chair.
The Federal Reserve Chair, aged 72, hinted that he was singled out for not “aligning with the preferences of the ex-President,” and the CEO seemed to concur.
During a press call, the CEO praised the Federal Reserve Chair and emphasized the importance of the Federal Reserve's independence. "Anything that undermines this is likely a bad idea. From my perspective, such actions could result in elevated inflation expectations and potentially higher interest rates over time," he remarked.
The ex-President responded to the CEO's comments, stating, "I believe I am doing the right thing… We should have lower rates. The CEO probably prefers higher rates. Maybe he profits more that way."