Trump Jr. Gets Dumped By Bank Funding His News App

PNC Bank has apparently cut all ties with Donald Trump, Jr.'s recently-launched news aggregator app, MxM News. The break up was confirmed when Junior's business partner went to the bank to pay invoices only to find out that their account had been closed. Trump and other conservatives are furious about this event, trashing the bank as "woke." But there's a good reason for banks to be afraid of the Trump name, as Farron Cousins explains.

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*This transcript was auto-generated. Please excuse any typos.

It was revealed last week that Donald Trump Jr. Along with his, uh, business partner, former Trump spokesperson, Taylor Bic had their accounts at PNC Bank shut down. Now, PNC Bank was handling accounts for Trump and Buddha Witch's, uh, news aggregate website app MX m News, which launched last year. And what mxn does is, uh, MX m, excuse me, it, uh, aggregates conservative news from a variety of sites and just puts 'em all in one thing. Um, pretty much it's Reddit for only conservative news, which Reddit actually has a subreddit for that. So it's completely redundant and unnecessary. But nevertheless, they had, uh, accounts at PNC Bank. And what's funny is that they didn't know their accounts had been shut down, even though PNC had sent them an official letter. Toic walked into a local branch of the bank to pay a bunch of vendor invoices, and when he went up to the teller, the teller was like, uh hmm.

You don't have an account with us. It's been zeroed out and a refund for the entire balance has been mailed to you. So, uh, skedaddle, you don't have any business here. Now, Fox News ran the story first as an exclusive. They were the first ones to find out this horrible news about Trump Jr. And Taylor, BIC and Bic told Fox News, woke. Corporations are using their terms and conditions like a guillotine over the head of every conservative entrepreneur. Ooh, those terms of services that say that we can end our relationship with you at any time. They're targeting Republicans with terms of service that we agreed to. Maybe, maybe we should have taken a few minutes to read it. I know it's a lot of stuff. I know sometimes the print can be real small, but sometimes it's important to read that stuff because you agreed to it, which means there's nothing you can do about it.

And then of course, Fox News reached out to Donald Trump Jr. And who, boy was he? Angry Junior said, as this shows, it's not just the media that's become plagued by the woke agenda, it's banks. It's the entire corporate America. We need a patriot economy. We need a parallel economy to fight back. He then said, of course, oh, this was a minor issue. We were able to quickly resolve it and just move on. But then he said, but what about every other startup or small business who wants to pursue a value-based company? This should be investigated and it should be illegal to discriminate based on political affiliation. Okay? Here's the thing though. You have no proof that you were discriminated against because of your political

Affiliation, and it is possible to defame a business. I mean, Fox News knows that better than than anyone. Um, and if you're accusing them, as you say, you are of discriminating against you for political bias, I don't know, man, kind of seems like P N C might be able to file a lawsuit because that seems like a defamatory statement, especially if it prevents other conservatives from utilizing the bank. Because here's what probably happened, PNC Bank, and I got no love for any bank in this country at all. So don't get me wrong, don't think I'm defending them. But what I imagine happened is that PNC Bank read the news and they understand that, hold up. Whoa, whoa, whoa. Why are we sitting here holding money for a guy who his business was just popped for a massive, massive judgment in New York for lying to banks.

Um, he himself, along with his father and two other siblings, are currently being sued for 250 million for lying to banks. Maybe it's not in our best interest to hold the accounts for this business because his other businesses, you know, got sued for lying to the banks. I don't know. I'm not a employee at PNC Bank. I don't know what their decision making process is, but I have to imagine being sued for lying to banks probably isn't something banks want to have to deal with if they're the ones holding your money. So, as you said, the issue was quickly resolved. I guess you just moved to another bank, so good for you. But you can't get all pissy when people look at you skeptically because again, you're being sued for lying to the banks.