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Government
Choke Point 2: Biden Administration Prepares Way For Banks To Refuse Service To Democrats' Enemies
2021-02-20
(The Federalist) Amongst the record-breaking number of executive actions taken by President Joe Biden was one related to a little-known, frightening Obama-era program called Operation Choke Point. The program, dubbed so under former Attorney General Eric Holder, uses the power of the federal government to target legal yet leftist-disfavored businesses. These include gun sellers, pawnshops, and short-term money lenders.

But on Jan. 28, the Office of the Comptroller of the Currency under President Biden announced it would pause the Trump-era rule intended to prevent another Operation Choke Point from happening again.
This is why you pass laws, O Republican legislators. Next time do your frigging job instead of being lazy and letting the president write easily reversed executive orders.
The Trump administration rule appeared innocuous enough, instructing banks to "conduct risk assessments of individual customers, rather than make broad-based decisions affecting whole categories or classes of customers when providing access to services, capital, and credit."
After being choked from essential services in the economy, conservatives and right-of-center businesses will have no choice but to Build Your Own.

Posted by:Ebbomoger Speaking for Boskone4589

#8  Credit unions are the best answer. They belong to the members and must be non profit run for the benefit of the members. Bankers are not your friends when it comes to money.

Audit the Fed just like they audit the credit unions.
Posted by: Greater the Anonymous5721   2021-02-20 18:23  

#7  We are out to change all business in America




We are going to strangle it,

just like this,

watch closely
Posted by: Omaimble Chimp3818   2021-02-20 18:17  

#6  Don't use banks. Only recently I needed to set up an account to deposit a customer's out of town checks so I opened an account at a local Credit Union that a bunch of Baptists started for their churches and church members.
Posted by: Ebbomoger Speaking for Boskone4589   2021-02-20 10:09  

#5  And don't forget the cash that has the COVID virus just dripping off of it.
Posted by: Clem   2021-02-20 09:49  

#4  The National Coin Shortageâ„¢ is a BS effort to make all transactions non-cash, so they can track transactions, history, and, in egregious cases, zero out your balance as punishment
Posted by: Frank G   2021-02-20 08:21  

#3  The digital currency should be fun
Posted by: Clem   2021-02-20 08:02  

#2  Government regulation has made most banks a directed extension of the Deep State. Notice how few banks go broke any longer? Why is that? They just change names and continue to march. Banks get all the money they need from the Fed, mortgage closing costs, credit card receipts, and through selling those mortgages. As a consequence, they don't need your money or deposits. If we were smart, we wouldn't need theirs. I'm as guilty as the next guy, I still use them. One day I will switch to Mason jars.
Posted by: Besoeker   2021-02-20 07:00  

#1  Lets see February 21, 2021, few hours from now, so it will be a full month since this group of "leaders" have been installed in the center of the US Government.

30 Days -19 Business days - remember 1 holiday in there someplace, now lookie what we have here.

Another part of the "Unity Campaign".

How Nice.

No Lexicon on this planet has the capability of carrying the expletives, I would use to comment on this latest "unity effort" by this illegitimate administration.

Readers, thank you for your time, may you find the words to carry on this string.

Yours, Vic.
Posted by: Victor Emmanuel Stalin1937   2021-02-20 01:34  

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