Posted on 03/25/2015 8:39:37 AM PDT by george76
The head of the FDIC faced tough grilling today from members of a House Financial Services subcommittee including U.S. Rep. Scott Tipton on a rogue policy that essentially directed banks not to deal with businesses the Obama administration found objectionable.
Dubbed “Operation Choke Point,” the Justice Department essentially directed the nation’s top financial regulator to intimidate banks into cutting off accounts or doing any business at all with a list of 30 different types small business owners.
The list included gun shops, ammunition dealers
...
Tipton also got the old DC song and dance when he asked if the federal employees responsible for the mess were going to get a slap on the wrist or be terminated.
(Excerpt) Read more at coloradopeakpolitics.com ...
OPERATION CHOKE POINT: Tipton Questions FDIC on Cutting Off Bank Accounts of Gun Stores, Small Businesses
http://en.wikipedia.org/wiki/Operation_Choke_Point
Some merchant categories that the FDIC had listed until July 2014 as being associated with high-risk activity include, but are not limited to (until the FDIC revised the original policy in July 2014):[9]
Ammunition Sales
Cable Box De-scramblers
Coin Dealers
Credit Card Schemes
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Cable Box De-scramblers
Coin Dealers
Credit Card Schemes
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Escort Services
Firearms Sales
Fireworks Sales
Get Rich Products
Government Grants
Home-Based Charities
Life-Time Guarantees
Life-Time Memberships
Cable Box De-scramblers
Coin Dealers
Credit Card Schemes
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Escort Services
Firearms Sales
Fireworks Sales
Get Rich Products
Government Grants
Home-Based Charities
Life-Time Guarantees
Life-Time Memberships
Lottery Sales
Mailing Lists/Personal Info
Money Transfer Networks
On-line Gambling
Payday Loans
Pharmaceutical Sales
Ponzi Schemes
Pornography[10]
Cable Box De-scramblers
Coin Dealers
Credit Card Schemes
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Escort Services
Firearms Sales
Fireworks Sales
Get Rich Products
Government Grants
Home-Based Charities
Life-Time Guarantees
Life-Time Memberships
Lottery Sales
Mailing Lists/Personal Info
Money Transfer Networks
On-line Gambling
Payday Loans
Pharmaceutical Sales
Ponzi Schemes
Pornography
Pyramid-Type Sales
Racist Materials
Surveillance Equipment
Telemarketing
Tobacco Sales
Travel Clubs
lots of duplicate data in that list.
de-duped:
Ammunition Sales
Cable Box De-scramblers
Coin Dealers
Credit Card Schemes
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Escort Services
Firearms Sales
Fireworks Sales
Get Rich Products
Government Grants
Home-Based Charities
Life-Time Guarantees
Life-Time Memberships
Lottery Sales
Mailing Lists/Personal Info
Money Transfer Networks
On-line Gambling
Payday Loans
Pharmaceutical Sales
Ponzi Schemes
Pornography
Pyramid-Type Sales
Racist Materials
Surveillance Equipment
Telemarketing
Tobacco Sales
Travel Clubs
Any business model that the left disapproves of is on that list.
And many gain that disapproval for racist motivations.
Any business that serves mostly low income minorities
is deemed by this admin to be “predatory” or “taking advantage”.
What they really mean is “those are OUR people! They should be coming to US for everything they need!”
it’s ok to deny services to customers whose behavior the admin finds objectionable?
i’m pretty sure a florist in washington state would like to hear it
And then, Operation Choke Point continued on as it has been, with no interruption, no terminations, no resignations, no apologies and no actual, real, effective action from Congress. Pi$$ on Tipton. He's a worthless GOPe turd. I was hoping Dave Cox would have been elected.
The promised fundamental transformation
Interesting that porn made the list. Their was a time when feminists thought porn was a healthy thing, much like a woman having the right “to choose”, a woman should have the right to expose her body and engage in sex acts for all the world to see, if she so CHOOSES. It was the epitome of empowerment, the feminazis would say. Now it’s the objectification of “womyn” and degrading. They’ve come a long way, baby, haven’t they?
How do NAZIs say “choke point” in German?
Let’s ask the head of the FDIC if his agency has become a refuge for neoNAZIs...
Drosselstelle!
“Coin Dealers” and Travel Clubs”???
This ought to be good to see what the left’s bent is about them???
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