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To: ViLaLuz

Odds are he tried and found the same resistance.


4 posted on 06/07/2016 3:00:27 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: Jonty30; ViLaLuz

“Odds are he tried and found the same resistance.”


I’m betting that this is true. The Dept. of (Occasional) Justice got together with the FDIC and leaned HARD on them to pressure the banks (which they insure, and which cannot operate without FDIC guarantees) to not do business with the following types of businesses:

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
Pawn Shops
Payday Loans
Pharmaceutical Sales
Ponzi Schemes
Pornography
Pyramid-Type Sales
Racist Materials
Surveillance Equipment
Telemarketing
Tobacco Sales
Travel Clubs

Don’t believe me? Then here’s the website: https://en.wikipedia.org/wiki/Operation_Choke_Point

Apparently, there’s been a lot of pressure (and rightly so) on the FDIC to end this practice:

On January 29, 2015, the FDIC issued a Financial Institution Letter that states “The Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter today encouraging supervised institutions to take a risk-based approach in assessing individual customer relationships, rather than declining to provide banking services to entire categories of customers without regard to the risks presented by an individual customer or the financial institution’s ability to manage the risk.”

Yeah, that’s nice, since it violates Due Process, and I would hope that many businesses engage in a class action lawsuit under Section 1983 to personally sue all of those officials involved in the adoption and implementation of this travesty of justice.


5 posted on 06/07/2016 3:11:13 PM PDT by Ancesthntr ("The right to buy weapons is the right to be free." A. E. van Vogt)
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