Skip to comments.Operation Choke Point tells Banks DO NOT LEND to Porn, Loan, Guns and other LEGAL businesses
Posted on 05/02/2014 2:51:43 PM PDT by lee martell
I don't know if this has already been discussed much on Free Rep. but I just became aware of it recently. The Department of Justice has been putting pressure on banks that typically handle business loans or payroll to drop certain clients asap. The overall theme is if a business appears to be 'at risk' of being a fraudulently run organization or deceitful in it's structure, as with a ponzi scheme, the vulnerable consumer will be taken advantage of. This may seem honorable at first glance, but look closer, and you may notice certain biases at work.
Last year, the first full year after the Sandy Hook Killings in Newtown, there was a lot of effort to establish stricter gun laws. In this social environment, the DOJ began to put pressure on banks not to lend to businesses that sold guns as their primary merchandise. This took scores of gun store owners by surprise, after using certain banks for years without incident. This effort to inconvienance or prevent gun store owners to get loans approved continues unabated to this day. It has been noted that some hollywood area actors who produce soft porn have had their accounts suddenly canceled with little if any explanation, except to say, there is possibility of fraud. A hypothetic possibility that exists with any business, but who wants to spend gobs of money reviewing records and proving that 'I am not a crook?
Most recently, I hear some check cashing places in urban areas have started to get government hassle for the same reasons. Most people who use payroll check cashing places know there is a high interest rate if one is late with repayment. At the same time most check cashing customers are very thankful to have a legal business to provide some well needed cold cash in the pocket. They are not anyone's innocent victims. Only two more years of Government Creep at this level of intensity! I'm holding my breath (kind of). Has anyone else heard much about the despicable Operation Choke Point? Maybe it's more rare than I'm lead to believe.
But those same banks gladly took tax dollars from the same companies.
Fascism triumphs in America.
Welcome to the gulag.
First they came for the porn stars.....
The justice department is concerned about illegal/fraudulent gun businesses? That’s funny. Maybe they’re trying to squeeze out their competition.
Just imagine trying to get the banks to drop as clients all of the consumers of porn.
Did you read this one from this morning?
Amazon now urged to blacklist ‘haters’
With everything moving to electronic it is starting to look grim for any who don’t walk lockstep with the powers that be. No trade and no money for you.
Seems I read about this somewhere...
This started with government pressure against Wikileaks.
“if a business appears to be ‘at risk’ of being a fraudulently run organization or deceitful in it’s structure, as with a ponzi scheme...”
Banks should stop cashing checks from the government?
Next step, investigate them for tax evasion, since “all cash businesses” are suspicious by nature.
This is typical of organized crime, just as the criminal gangs of prohibition would battle to keep their "territory," the #1 purveyor of ponzi schemes, the federal leviathan, will not tolerate any competition on their turf, and will eliminate all competition.
Actually it started with the “know your customer” bank regulations passed in the wake of 9/11/01. That required banks to start asking lots of questions about their customers, especially businesses, and report anything “suspicious” to Feds. One of the guidelines for “suspicious” behavior is a business that does most of it’s transactions in cash.
Equal protection my butt, these people should be sued to oblivion.
This sounds a lot like “red-lining”, which was determined to be illegal.......by the government, no less.
Guns to take them out of our hands.
Porn as a handy sideline to fete "dignitaries" and generate revenue.
The goals are to incorporate, legislate and monopolize. It can’t be based on moral purity, something foreign to Obamas gang.