Operation Choke Point Strikes Again: Banks Shut Down Accounts of Company Owned by Former Marine

Breitbart.com ^ | 21 Apr 2015 | Michael Patrick Leahy

[E. Pluribus Unum]

Operation Choke Point, the Obama administration’s under-the-radar project involving the Department of Justice, the Consumer Financial Protection Bureau (CFPB), and the Federal Deposit Insurance Corporation (FDIC) whose goal is to shut down industries it does not like by “choking off” their banking relationships, is taking aim at another business.

Brian Lynn, CEO of a Jacksonville, Florida based payday lending company that operates 26 stores in Florida, Georgia and Alabama under the Speedy Cash and Lending Bear brands, has been in business for more than 20 years. He confirms to Breitbart News that two major banks closed his company’s accounts with no explanation in 2014.

[sport]

Well, Obama was and is the people’s choice as evidenced by Nationwide elections in 2008 and 2012. Hence, the voice of Obama is the voice of the people.

[WKUHilltopper]

In the Obama Banana Republic, you don’t need a judge or jury...just divine rights of kings.

[MrB]

If we get a DECENT president, not one like W who was willing to let former administration’s lawlessness go uninvestigated,

everyone involved in operation chokepoint should be jailed for a long period of time or subject to a class action lawsuit. I would be a plaintiff in that case - lost somewhere around 30% of my income because of it.

[IronJack]

Sue for restraint of trade.

[Mechanicos]

“Operation Choke-point” Has been a boom to savvy investors... Its not like the banks are paying interest on the savings in them...

[Daffynition]

Several news outlets have been reporting baking problems:

Legal Pot businesses in Colorado cannot bank and no solution is ahead **Colorado's medical-marijuana dispensaries can sell the stuff just fine — and would-be vendors of the recreational variety hope to do the same once rules are put in place this year.

But there is little that those businesses can legally do with their cash other than put it in a safe or bury it. No bank, credit union or financial-services company can knowingly accept business accounts with any trace of a marijuana connection. If they do, it's a federal crime.

The result is a legal industry that operates in something of a gray market in Colorado.**

[ConservingFreedom]

The script:

1. Government says it needs power X to fight drugs.
2. Moral-statist 'conservatives' swallow it hook, line, and sinker.
3. Government uses power X against anyone it damn pleases.
4. Repeat.

[Daffynition]

lather, rinse, repeat