Jim’s Rant For The Day. Ultimate Step In Crashing The Woke Big Banks.
Yesterday we were all surprised to see that thirteen red state governors informed four of the major Wall Street banks that they were a threat to the sovereignty of those states and accordingly they would be barred from doing business with state agencies there. Source
Our first question should be can a Governor do that? The answer is “yes” because as the executive Officer of the state they are bound by duty to act to protect the state and it’s assets.
So now the question is what is the next step if the WOKE banks don’t get serious about their business goals to undermine the state?
Now that citizens are awake and realizing what the CABAL and giant corporations are doing to destroy us the Governors can do a lot more. All that was needed was the backing of the citizens and it appears that is now in place.
We must return to the roots of our laws. The Governor must abide by their Oath of Office, as demonstrated yesterday by Governor DeSantis suspending a State Attorney (Prosecutor) for not abiding by his Oath of Office. You see, an Oath of Office is like a State Constitution outlining the rules of the game.
So too are there unofficial Oaths of Office for corporate Board of Directors. Those oaths are not sworn oaths but rather assumed oaths under case law. Each Director is required to act in the best interest of the investors in those corporations. Being a WOKE corporation would be difficult to explain away to a class action lawsuit by stockholders. There aren't many rational reasons for destroying a major profitable business in support of 13 biological sex classifications.
Let’s return to State options. Corporations are chartered under sovereign states/governments. The roots of corporation charters is they can be revoked if they are deemed no longer useful to the government. This is a forgotten right but still a right. I suppose a Governor could ask the Legislation Branch to revoke a dangerous corporation. In these times perhaps with the backing of citizens it could happen.
If a charter were to be revoked by a particular state for Bank of America, BOA would cease to be recognized as a corporation in that state. That causes them to lose standing in that state court, which means they cannot sue another party nor be afforded the legal shield of a corporation. This means that the Board of Directors are now personally financially liable for ill deeds done by BOA, which they cannot escape from. It also means their corporate insurance carrier is off the hook.
For corporate officers to proceed down this road is tantamount to an army tank crew in a battle to open their hatches and exit just because Big Al farted again!
Yesterday we were all surprised to see that thirteen red state governors informed four of the major Wall Street banks that they were a threat to the sovereignty of those states and accordingly they would be barred from doing business with state agencies there. Source
Our first question should be can a Governor do that? The answer is “yes” because as the executive Officer of the state they are bound by duty to act to protect the state and it’s assets.
So now the question is what is the next step if the WOKE banks don’t get serious about their business goals to undermine the state?
Now that citizens are awake and realizing what the CABAL and giant corporations are doing to destroy us the Governors can do a lot more. All that was needed was the backing of the citizens and it appears that is now in place.
We must return to the roots of our laws. The Governor must abide by their Oath of Office, as demonstrated yesterday by Governor DeSantis suspending a State Attorney (Prosecutor) for not abiding by his Oath of Office. You see, an Oath of Office is like a State Constitution outlining the rules of the game.
So too are there unofficial Oaths of Office for corporate Board of Directors. Those oaths are not sworn oaths but rather assumed oaths under case law. Each Director is required to act in the best interest of the investors in those corporations. Being a WOKE corporation would be difficult to explain away to a class action lawsuit by stockholders. There aren't many rational reasons for destroying a major profitable business in support of 13 biological sex classifications.
Let’s return to State options. Corporations are chartered under sovereign states/governments. The roots of corporation charters is they can be revoked if they are deemed no longer useful to the government. This is a forgotten right but still a right. I suppose a Governor could ask the Legislation Branch to revoke a dangerous corporation. In these times perhaps with the backing of citizens it could happen.
If a charter were to be revoked by a particular state for Bank of America, BOA would cease to be recognized as a corporation in that state. That causes them to lose standing in that state court, which means they cannot sue another party nor be afforded the legal shield of a corporation. This means that the Board of Directors are now personally financially liable for ill deeds done by BOA, which they cannot escape from. It also means their corporate insurance carrier is off the hook.
For corporate officers to proceed down this road is tantamount to an army tank crew in a battle to open their hatches and exit just because Big Al farted again!
