DeSantis Triggers Anxiety In The Banking Industry

After announcing success against PayPal, which had reportedly froze the Moms for Liberty’s assets in Florida, Gov. Ron DeSantis (R) declared Monday that “Woke banking has been put on notice in Florida.” 

“PayPal froze their account and kept money with no notice or explanation last week, according to Tina Descovich, Co-Founder of Moms 4 Liberty,” DeSantis said on Monday after last week’s press conference, where Descovich gave a statement.

“In a day and age when parental-rights organizations are being labeled as domestic terrorists by our own U.S. DOJ, the cancellation of our financing by major entities appears to be the next step in these repressive measures,” she said.

“Their money was released days after our event,” DeSantis said on Monday, stating that “Florida has put WOKE banking on notice.”

DeSantis’ statement came after last week’s press conference, in which he outlined the additional steps his administration will take to combat businesses imposing “woke ideology” on the economy.

“Whether it’s Wall Street banks, huge major asset managers, Big Tech businesses, or whatever you’ve seen as a rise of what’s being called ESG – environmental social governance, in which they’ll grade companies on those criteria and give them grades,” DeSantis said in the press conference.

“PayPal has also embraced this idea, described as a “values-led culture,” which is said to be grounded in Innovation, Inclusion, Collaboration, and Wellness in our workforce, communities, and strategies.”

The issue, however, is that businesses attempt to force their political beliefs on customers.

“Who is in control of society? Do we govern ourselves through the Constitution and elections, or do we have these masters of the world governing us from their commanding heights?” DeSantis asked.

“We are taking administrative action, as well as pursuing statutory changes so that we put the interests of Florida first and do what’s best for them rather than what some wealthy woke CEO believes,” DeSantis added.

The State Board of Administration fund manager will be prohibited “from taking political considerations into account when investing the state’s money,” according to one of the bills.

“We will also demand SBA fund managers to focus exclusively on enhancing the return of investment for Florida’s retirees,” he added. “We will prohibit credit card companies, Wall Street banks, and money transmitters like Paypal from denying consumers service based on their political, religious, or social beliefs.”

“This is not something that empowers the little guy,” Gov. DeSantis added of current conditions.