Portfolio manager David Bahnsen is to introduce a resolution to the shareholders of JPMorgan Chase, confronting the company for de-banking conservative and religious organizations.
Bahnsen asserts Chase Bank violated freedoms within the United States Constitution and the United Nations Declaration of Human Rights.
“When companies engage in this kind of discrimination, they hinder the ability of individuals, groups, and businesses to access and equally participate in the marketplace and instead skew it to their own ends,” according to the resolution.
The resolution continues, “Moreover, they risk giving fringe activists and governments a foothold to demand that private financial institutions deny service under the sweeping, unfettered discretion that such policies provide.”
Reporting from The Daily Wire:
Bahnsen, himself a conservative Christian and the son of influential late apologist Greg Bahnsen, said he does not believe actions against religious groups are emerging from senior executives, attributing the phenomenon to the “biases and prejudices” of “highly empowered” local and regional middle managers. “I am convinced these discriminatory things are happening, and that senior management is not behind it at all,” he continued. “I believe they have a breakdown at a more local and regional level causing this, and they internally are going to have to rectify it.” ... The shareholder resolution comes as several Republican state attorneys general asked JPMorgan Chase to participate in the survey component of the Viewpoint Diversity Score Business Index, an initiative from the Alliance Defending Freedom that evaluates prominent firms for their commitments to religious liberty and freedom of speech. JPMorgan Chase scored 15% out of 100% due to “unclear or imprecise policies” which allow the bank to “deny service for arbitrary or politically biased reasons.”
