Former banker and NBC News host Stephanie Ruhle has panned President Donald Trump's lawsuit against JPMorgan Chase and its CEO Jamie Dimon, saying it's not about alleged "debanking" after the January 6, 2021, Capitol attack.
Ruhle argued that Trump's suit is actually a thinly veiled attempt to silence criticism from business leaders, who she claims are afraid of speaking out against him. The host pointed out that Dimon has been critical of Trump's policies on immigration and credit card rates, as well as his reluctance to donate to the president's East Wing renovations.
"Jamie Dimon is one of the few CEOs who have been outspoken during Trump's second term," Ruhle said, noting that most business leaders are now hesitant to speak out against him. "This isn't about what JPMorgan did post-January 6," she emphasized. "It's about the president trying to bully his critics into silence."
Ruhle also highlighted the self-censorship of business leaders under Trump, citing instances where CEOs said they were being stifled by "wokeness" and DEI policies. However, when faced with Trump's own inflammatory rhetoric, these same executives have become silent.
"It's extraordinary that people who pride themselves on being outspoken leaders could remain silent," Ruhle asked wryly. "Have their tongues really gotten 'cat-atthed'?"
The host's analysis suggests that the real motive behind Trump's lawsuit is not to seek damages for alleged "debanking" but to intimidate his critics and silence dissenting voices in business.
Ruhle argued that Trump's suit is actually a thinly veiled attempt to silence criticism from business leaders, who she claims are afraid of speaking out against him. The host pointed out that Dimon has been critical of Trump's policies on immigration and credit card rates, as well as his reluctance to donate to the president's East Wing renovations.
"Jamie Dimon is one of the few CEOs who have been outspoken during Trump's second term," Ruhle said, noting that most business leaders are now hesitant to speak out against him. "This isn't about what JPMorgan did post-January 6," she emphasized. "It's about the president trying to bully his critics into silence."
Ruhle also highlighted the self-censorship of business leaders under Trump, citing instances where CEOs said they were being stifled by "wokeness" and DEI policies. However, when faced with Trump's own inflammatory rhetoric, these same executives have become silent.
"It's extraordinary that people who pride themselves on being outspoken leaders could remain silent," Ruhle asked wryly. "Have their tongues really gotten 'cat-atthed'?"
The host's analysis suggests that the real motive behind Trump's lawsuit is not to seek damages for alleged "debanking" but to intimidate his critics and silence dissenting voices in business.