Operation Choke Point
The Department of Justice is bullying banks to refuse to serve businesses that the DOJ doesn’t like. Such as porn stars and gun shops and more.
The Department of Justice is bullying banks to refuse to serve businesses that the DOJ doesn’t like. Such as porn stars and gun shops and more.
Remember, I do this to entertain me, not you.
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April 30th, 2014 at 12:46 am
You kinda have to wonder if the same thing wasn’t going on in Colorado at all the local “smokebird” recreational dope selling locations, well at least until causing them to have banking issues didn’t poll very well with 0bama’s core demographic.
April 30th, 2014 at 3:43 am
This is why the porn stars endorsed Romney.
April 30th, 2014 at 7:13 am
My brother owns a large vending machine business. They have $3 million a month in mostly cash sales. The armored car comes every day and picks up their deposits, bringing them to a money warehouse where it is counted. An electronic deposit is sent to their bank. The bank itself doesn’t ever have to handle cash.
Only one bank will do business with them, with the others saying that they are “high risk” because they deal almost exclusively in cash. This is probably why.
April 30th, 2014 at 8:27 am
Sounds to me like the feds are interested in encouraging tax evasion by default.
April 30th, 2014 at 11:45 am
I wonder what would happen if “banks” were to refuse “service” to any, and all, persons even remotely associated with an organization with known unindicted conspirator
to criminal activity status, ESPECIALY resulting in murder, manslaughter, and failure to defend The un-mis-remembered Constitution of the United States of America?
MIGHT cut down on those pernicious, previously unreimbursed, “personal”, and non-essential, expenses on gub’mint issued credit/debit cards.
April 30th, 2014 at 12:53 pm
Once you’ve accepted government as social/cultural engineer (and most of us have, at least by default) then based on what principle or standard can you draw a line and say “This is as far as it will go and no farther”?
April 30th, 2014 at 2:22 pm
Since when is being a porn star or gun shop illegal?
This is government by unlawful bullying – not by the proper exercise and enforcement of laws.
But it is certainly no surprise.
May 1st, 2014 at 10:16 am
When will the BATFE start regulating porn?
And when they add a “P” to their acronym, where will it be placed?
May 4th, 2014 at 5:42 pm
In 2011 FDIC listed 30 high-risk business. That includes…
Ammunition Sales
Coin Dealers
Firearms Sales
On-line Gambling
Money Transfer Networks
Fireworks Sales
Pornography
Surveillance Equipment
Travel Clubs
Here is a link to the FDIC web site.
http://www.fdic.gov/regulations/examinations/supervisory/insights/sisum11/managing.html