Banks & Insurers lecture customers on morals

Baseball legend Curt Schilling has claimed that insurance company, AIG, has cancelled his policy over tweets he made about the recent events on the Capitol.

Schilling stated he had a AAA rating and no claims for 17 years.

Aren’t insurance companies supposed to assess risk? Did Schilling have a major endorsement contract with AIG? If so, we’d understand. If not, isn’t he an anonymous customer among millions?

What relevance does an insurance policy have to do with a customer expressing first amendment rights? Has AIG gone through the Twitter accounts of all of its policy holders to check they have not said anything similar to Schilling? If not, would be highly discriminatory, no? Should he sue?

Wasn’t AIG found guilty of entering into sham transactions in order to inflate the reserves and to conceal losses in 2005? Didn’t Schilling, a taxpayer, indirectly bail out AIG post the GFC?

Deutsche Bank has also moved to end its association with Donald Trump. Ironic, that a bank which has been fined repeatedly for unethical behavior such as money laundering thinks it has an opportunity to save its skin by signaling it has repented. Will a flood of customers open accounts as a sign of appreciation? Probably not.

Fascinating that – bank worth 8% of its peak value, is lecturing customers about morals when it has a self-documented history of being a bank for the Third Reich, including the provision of funds to build the Auschwitz extermination camp.

Since when did corporates self-appoint themselves as moral arbiters of their customers individual constitutionally enshrined liberties? Will customer social media profiles now form part of the loan application documents? “Sorry sir, your credit rating is outstanding but the application has been rejected for something you posted when 13 years old.” Got it?

More corporate cowardice masquerading as courage. This is nothing more than companies showing they are going out of their way to make public sacrifices on the altar of the Marxist fringe mobs in the hope they become the last to be cancelled. What a joke.

We never thought it imaginable but today, corporate PR departments have less spine than internal compliance officers.

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