Article

2018-11-11 Government

Newly Unsealed Documents Show Top FDIC Officials Running Operation Choke Point

From early last week. Much more detail about this story from two weeks ago
[Forbes] Last week brought new revelations regarding Operation Choke Point, the Obama administration’s effort to freeze politically disfavored businesses out of the financial system. Rep. Blaine Luetkemeyer (R-Mo.), who helped lead a multi-year effort to shut the program down, highlighted some of theses newest findings and pointed out that stopping Operation Choke Point is not a partisan issue.

Luetkemeyer’s legislation to prevent a redo of Choke Point – The Financial Institution Customer Protection Act of 2017 – overwhelmingly passed the House, with only two nay votes. Operation Choke Point was an egregious affront to the rule of law, so it is good to see that so many lawmakers want to prevent a repeat.

For those unfamiliar, Choke Point consisted of bureaucrats in several independent federal agencies taking it upon themselves to shut legal businesses – such as payday lenders and firearms dealers – out of the banking system. Given the nature of the U.S. regulatory framework, this operation was easy to pull off.

Posted by trailing wife 2018-11-11 00:00|| || Front Page|| [11128 views ] Top

#1 Financial businesses were targeting firearms related clients. Since then they have begun targeting conservatives, period.

Posted by Ulaigum Ebbineng7056 2018-11-11 00:48|| 2018-11-11 00:48|| Front Page Top

#2 Trump should start again and clean house.

Bailing out the banks was a disaster.

Bail out depositors? Yes. But banks and their boards was insane and only benefited bondholders who are largely establishment.

Just another example of the welfare state is for the welfare of the establishment. You just get to fund it.

Posted by Bright Pebbles 2018-11-11 03:14|| 2018-11-11 03:14|| Front Page Top

I'm certainly glad we still have some good men in our gummit finance and revenue sectors.

[sarc off]

Posted by Besoeker 2018-11-11 06:24|| 2018-11-11 06:24|| Front Page Top

#4 Smells like a criminal conspiracy to suppress Constitutional rights.

Hear that faint echo of Nuremberg "I was just obeying orders"?

Posted by Procopius2k 2018-11-11 07:05|| 2018-11-11 07:05|| Front Page Top

#5 Sounds like FBI Wray must be investigating.

Snarf.

Posted by Woodrow 2018-11-11 07:39|| 2018-11-11 07:39|| Front Page Top

#6 Getting the feeling that we really dodged a bullet and the rancor and violence on the left is because we did.

The Republic is in great danger. Unless we do something, our children will be living in an English speaking Venezuela

Or maybe a perpetual civil war like Libya.

Posted by Sock Puppet of Doom 2018-11-11 10:06|| 2018-11-11 10:06|| Front Page Top

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