Chase would probably find apologists to defend such action by claiming that the bank acted in the best interests of its shareholders and majority of customers. Kicking Kanye and his hundreds of millions of dollars out was price worth if the alternative was massive boycott over alleged condoning of anti-Semtism that could have theoretically result in bank losing hundreds of billions.
However, even if take this into consideration, I agree with your post. Putting your wealth and livelihood into the hands of institutions that might take it away by snapping fingers over some capriciously and selectively applied criteria is very unwise. Crypto again proves to be much better alternative, especially these days.
Posted Using LeoFinance Beta