WASHINGTON – Sen. John Kennedy (R-La.) today questioned the chief executive officers (CEOs) of the nation’s biggest banks, including Charles W. Scharf of Wells Fargo & Company, Brian Thomas Moynihan of Bank of America, Jamie Dimon of JPMorgan Chase & Co., Jane Fraser of Citigroup, William H. Rogers Jr. of Truist Financial Corporation, Andy Cecere of U.S. Bancorp and William S. Demchak of PNC Financial Services Group.
Kennedy commended capitalism for bringing people out of poverty and exhorted the banks not to bow to pressure from radical leftists.
“Capitalism works. That’s why America has the strongest economy in all of human history. Capitalism has done more to lift people out of poverty than all the social programs put together. The poverty rate in our country is three percent. . . . That money to help our neighbors who are less fortunate than we are did not come from leprechauns. It came from the American people and their generosity, and they have that money because of capitalism,” explained Kennedy.
“You will never win—never—the uber-woke sweepstakes. I understand that the pressure to run that race is fierce. You will never win it. Nothing you do will ever be enough. The uber-woke people in positions of power in this town think America was evil when it was founded and it’s even more evil today. You’re not going to convince them otherwise,” Kennedy continued.