Author Topic: Here's the proof  (Read 637 times)

Hawkmoon

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Here's the proof
« on: December 09, 2014, 04:06:08 PM »
I've seen occasional stories about gun shops and other "gun" industry-related businesses suddenly finding that banks will no longer process credit cards for them, and similar complaints. Turns out they WERE being intentionally singled out, in the hope of driving them out of business.

http://dailysignal.com/2014/12/08/these-7-revealing-emails-show-federal-agencies-scheming-to-target-legal-businesses/

Quote
The Obama administration contends that Operation Choke Point combats unlawful, mass-market consumer fraud. However, an earlier report by the House Oversight Committee found that the Justice Department initiative’s targets included legal businesses such as short-term lenders, firearms and ammunition merchants, coin dealers, tobacco sellers and home-based charities.

Holder and Obama can't be gone soon enough.
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Scout26

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Re: Here's the proof
« Reply #1 on: December 09, 2014, 05:09:47 PM »
Yep, the story broke in April, IIRC.  Several firearm businesses were getting "Thanks, but no thanks" from their banks.  Often ones they had long term relationships.  Like 20+ years.  And suddenly their banks (BoA was the one I remember), told them to FOAD.

Someone did some snopping around and discover that DOJ, along with the Fed, FDIC, and others had instituted Operation "Choke Point" which pressured banks to not do business with "unsavory" industries.  (Pay Loans, Gun stores, and the pron industry were the big ones).  In essence, denying them the ability to transact their business.
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