Difference between revisions of "Operation Choke Point"
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'''Operation Choke Point''' is a 2012 program started by [[Obama]]'s Justice Department that uses the [[FDIC]] to pressure banks not to extend credit or other financial services to certain industries with high instances of fraud, such as [[pornography]]. Under that guise, the program is used as a backdoor to punish industries that Obama disagreed with, such as the firearms industry. | '''Operation Choke Point''' is a 2012 program started by [[Obama]]'s Justice Department that uses the [[FDIC]] to pressure banks not to extend credit or other financial services to certain industries with high instances of fraud, such as [[pornography]]. Under that guise, the program is used as a backdoor to punish industries that Obama disagreed with, such as the firearms industry. | ||
| − | [[Congress]] would investigate and rebuke the findings but little has been done to stop it and it is still operational. <ref>[http://dailysignal.com/2016/04/07/former-top-obama-official-says-operation-choke-point-had-collateral-consequences/ Former Top Obama Official Says Operation Choke Point Had ‘Collateral’ Consequences, The Daily Signal, April 7, 2016]</ref> | + | [[Congress]] would investigate and rebuke the findings but little has been done to stop it and it is still operational.<ref>[http://dailysignal.com/2016/04/07/former-top-obama-official-says-operation-choke-point-had-collateral-consequences/ Former Top Obama Official Says Operation Choke Point Had ‘Collateral’ Consequences, The Daily Signal, April 7, 2016]</ref> |
Merchants targeted are denied [[bank]] loans as federal regulators flag them as “high risk” for fraud. In the firearms industry, that amounts to infringing on [[2nd Amendment]] rights. Some companies targeted by Operation Choke Point; | Merchants targeted are denied [[bank]] loans as federal regulators flag them as “high risk” for fraud. In the firearms industry, that amounts to infringing on [[2nd Amendment]] rights. Some companies targeted by Operation Choke Point; | ||
Revision as of 06:31, June 27, 2016
Operation Choke Point is a 2012 program started by Obama's Justice Department that uses the FDIC to pressure banks not to extend credit or other financial services to certain industries with high instances of fraud, such as pornography. Under that guise, the program is used as a backdoor to punish industries that Obama disagreed with, such as the firearms industry.
Congress would investigate and rebuke the findings but little has been done to stop it and it is still operational.[1]
Merchants targeted are denied bank loans as federal regulators flag them as “high risk” for fraud. In the firearms industry, that amounts to infringing on 2nd Amendment rights. Some companies targeted by Operation Choke Point;
- Ammunition sales
- Firearms sales
- Payday loans
- Money transfer networks
- Debt consolidation
- Online gambling
- Pornography
- Escort services