Difference between revisions of "Operation Choke Point"
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| − | '''Operation Choke Point''' | + | '''Operation Choke Point''' was a 2012 program started by [[Obama]]'s Justice Department that used 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 was 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 | + | [[Congress]] would investigate and rebuke the findings but little was done to stop it.<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> August 18, 2017, the [[Trump]] Justice Department led by [[Jeff Sessions]] finally killed the program. <ref>[http://freebeacon.com/issues/doj-ends-operation-choke-point/ DOJ Ends Operation Choke Point, Free Beacon, August 18, 2017]</ref> |
| − | Merchants targeted | + | Merchants targeted were denied [[bank]] loans as federal regulators flagged them as “high risk” for fraud. In the firearms industry, that amounted to infringing on [[2nd Amendment]] rights. Some companies targeted by Operation Choke Point; |
*[[Ammunition]] sales | *[[Ammunition]] sales | ||
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[[Category:Obama Administration]] | [[Category:Obama Administration]] | ||
[[Category:Second Amendment]] | [[Category:Second Amendment]] | ||
| − | [[Category: | + | [[Category:Gun Control]] |
| + | [[Category:2010s]] | ||
Revision as of 21:42, August 21, 2017
Operation Choke Point was a 2012 program started by Obama's Justice Department that used 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 was 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 was done to stop it.[1] August 18, 2017, the Trump Justice Department led by Jeff Sessions finally killed the program. [2]
Merchants targeted were denied bank loans as federal regulators flagged them as “high risk” for fraud. In the firearms industry, that amounted 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