Democrat State Treasurer John Chiang Promoting Illegal Bank—Feds Will Close Before it Opens



By Stephen Frank

When John Chiang took the oath of office, he swore he would uphold the laws of the United States and California.  He wants to be governor—and is trying to pret4nd he is a “moderate”.  In the Democrat party a moderate is a socialist and a liberal is a Bolshevik.   Now he is holding an event to promote the State of California opening a state owned owned—for druggies.  As he knows all banks must be approved by the Federal government.  It is against the law for banks to take money from drug dealer sales or marijuana sales.  If a bank is caught doing this, they are fined for MONEY LAUNDERING.

Yet John Chiang, “moderate” is proposing a government owned bank Be opened for the expressed purpose of money laundering.  In the real world, this is a Federal crime and a chance to live at Ft. Leavenworth for 10-20 years.  Instead Chiang wants to serve as governor.

Could it be he is doing this, knowing it is illegal, not for the sake of opening a bank?  Maybe he is trying to show he is a friend of the drug trade, in hopes of receiving legal donations from them.  Could this really be about campaign donations?  What do you think?

Related press release: Could a Public Bank Resolve Cannabis Industry’s Financial Services Conundrum?

Stephen Frank

Stephen Frank: Is the the publisher and editor of the California Political News and Views.  Mr. Frank speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows and is a full time political consultant.

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One Response to Democrat State Treasurer John Chiang Promoting Illegal Bank—Feds Will Close Before it Opens

  1. William Hicks August 8, 2017 at 8:47 pm

    Lets see how this one plays out.


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