Posted on 07/20/2016 5:36:16 AM PDT by milton23
A firearms dealer in North Carolina said his bank asked him to reveal ridiculous and somewhat illegal information about his business and its customers after the June 12 terrorist attack in Orlando, Florida, and he believes a secretive Justice Department program is to blame.
Luke Lichterman, owner of Hunting and Defense in Tryon, North Carolina, said his bank told him he couldnt use its services without completing an addendum supplying details about his business.
It all comes back to the Obama administration and Operation Choke Point, the undesirable businesses thing, Lichterman told The Daily Signal. Something like that from the government has ripples that keep radiating. Its not something that you can turn on and turn off.
(Excerpt) Read more at dailysign.al ...
Aren’t there alternatives to traditional banking? Things like peer to peer lending for example? Or banking in cyberspace?
I cannot freaking wait for Trump’s plan and phone.
making a list of naughty and nice.
stroke of the pen law of the land, pretty slick.
turn around is fair play, What’s good for the goose is good for the gander.
The only difference is that the democrats will find a way to stop it.
And the Pubbies can’t find a stiffened spine anywhere in the whole bunch.
I hope you are right, but I am pretty sure we’re going to be disappointed.
My first personal choice would be you must pay for an abortion using hundred dollar bills passed over a desk, no credit cards.
can you imagine the screams..?
that would be my personal first choice.
then later make require college tuition payments to be made in cash.
then maybe make the same requirement for cable TV payments.
I’m with you 200%. Use the IRS on anyone we do not like! There were no complaints from the Libs when The One used it!
No, turn the FBI loose on the Democrates with the promise that in all cases criminal charges will be filed!
“Lichterman and his wife had maintained personal accounts at HomeTrust Bank in Asheville, North Carolina...”
No surprise this happened.
Asheville...beautiful area, but lib-rat infested beyond belief.
I'd simply pick up the phone and call the guy I've been buying items from and ask him where his ACH is being handled from and set up an account there.
There are plenty of places that want my money, and I'd much rather get them the business than try to force myself on someone who doesn't want it.
Of course, there is the key missing tidbit - is this the same bank where his credit card processing is racking up 4.5% in fees? Because if it is, then the fight begins to make a whole lot more sense. ‘Give this guy a hard time, as we're making big bucks off his sales right now, and if he swaps to ACH for online transactions, that's potentially thousands we'll lose.’
Either way, I imagine he has already been swamped with calls from ACH processors who are eager for his business, or other dealers who also have solved the puzzle already.
‘Thank you for the addendum, I take it that this is your way of saying you want me to close my account with your bank? I will not accept these terms. You can have a copy of my FFL, my business license, my occupancy permit, etc, but that is the totality of what you get.’
The beauty of capitalism is that...
He can take his business to another bank that is not as inquisitive.
There is no law (1&2Amd) that requires this businessman to reveal what his business trades in, right?
“Why should we be willing to accept unconstitutional, overreaching actions”
We really don’t have much left of the constitution as it stands right now. So, if we really wanted to get back to the original intent of the constitution we would need to get rid of the New Deal legislation and constitutional precedents that are de facto amendments that limit economic rights and now comprise the so-called “annotated constitution”. We would need to re-instate the 9th and 10th amendments which are now virtually meaningless. All the 3 letter federal agencies would need to be dissolved. To do these things would require immense political will and the use of force even if such actions would be consistent with a restoration of the constitution. Anyone attempting such radical reforms to restore the constitution as it was written and intended would be characterized as a tyrant.
The US constitution (with BOR/DOI) is undoubtedly the greatest political document ever conceived by mankind. Unfortunately, it was written and intended for a society that accepted and embraced the Judeo-Christian consensus. If any of the Founders could be resurrected and were allowed to witness the utter degradation and moral depravity of our day, I doubt that they would call for the re-institution of the constitution with the current group of people that hold the reigns of power. The Founders would intuitively and immediately see that our current rulers could not be trusted with any document.
There is no political solution to a moral problem. At this point, from a political point of view, the best that we can hope for is an environment that protects individual rights, especially economic rights as much as possible. That way, like minded people, people that value the Judeo-Christian ethic, could aggregate and form enclaves that would be self sustaining. In fact, a benevolent dictator that preserves nationalism and individual rights is preferable to the façade of a democracy manipulated by an oligarchic global elite.
I just don’t see a restoration of traditional American society at this point. All civilizations go through their life cycle and America is not immune, we are descending from a fading affluence into bondage.
I’m on a board of a small/middle cap regional bank (about 3.5 billion in deposits).
We’ve had a lot of pressure to try to shut down lending and banking relationships with pawn shops and gun stores.
We’ve simply asked for them to sell other products and not tell us that they sell guns/lend money. Wink. Wink. Nod. Nod.
Throw some business this guy’s way if you get a chance.
I would use a more business friendly bank.
But doesn’t that ‘operation choke point’ apply to all banks?
Or is there some discretion there for different banks to exercise? I’m don’t know; I’m not familiar with this at all.
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