The administration's assault on our 2nd Amendment continues

Discussion in 'Politics Of Hunting And Guns (NOT General Politics' started by RandyinVa, May 29, 2014.

  1. RandyinVa

    RandyinVa Well-Known Member

    Mar 31, 2007

    Operation Choke Point, a credit card fraud task force run by the Justice Department, was created to “choke out” businesses the Obama administration finds objectionable, according to a congressional committee report obtained by The Washington Times.
    The administration is knowingly targeting so-called “high risk” businesses — which include payday lenders, gun retailers and ammunition merchants — despite the fact they are legitimate, says a staff report by the House Committee on Oversight and Government Reform.
    SEE ALSO: Operation Choke Point forces bank to dump gun store
    Internal documents within the Justice Department acknowledge the program’s impact on legitimate merchants, the report says. Attorney General Eric Holder was informed that banks were exiting entire lines of business deemed “high risk” by the government, yet his agency continued to pursue the operation.
    “Operation Choke Point is the Justice Department’s newest abuse of power,” Rep. Darrell Issa, California Republican and committee chairman, said in a statement. “If the administration believes some businesses should be out of business, they should prosecute them before a judge and jury. By forcibly conscripting banks to do their bidding, the Justice Department has avoided any review and any check on their power.”
    The Washington Times has reported that several gun retailers have been dropped by their banks as a result of the operation, the most recent being Powderhorn Outfitters, a sporting goods shop in Hyannis, Mass., which was dropped by its bank of 36 years — TD Bank — last week.
    “TD Bank evaluates each prospective lending relationship to ensure that we are operating within our risk appetite and only taking risks we can understand and manage,” company spokeswoman Erin Potts said.
    The Justice Department was well aware that some banks were dropping so-called “high risk” industries because of their crack down and heightened regulator scrutiny, according to internal memos.
    In one note, crafting talking points for Operation Choke Point to brief Mr. Holder with, Justice officials acknowledged: “the regulators are also taking action, and reinforcing their longstanding guidance on what are ‘high-risk merchants’ and what due diligence banks should do on such merchants.”
    Another talking point included: “We have also learned from industry sources that many banks are taking note of our activity and that of the regulators and doing what they should have done all along — due diligence to know their customers. Some are also exiting “high-risk” lines of business.”
    Mr. Holder was the intended recipient of the aforementioned talking points, according to internal Justice communications — meaning he was fully aware legitimate businesses were being dropped as a result of the operation.
    The National Shooting Sports Foundation, a trade association for the firearms industry, issued a statement Thursday stating that many of its members have had their banking relationships terminated by lending institutions as a result of Operation Choke Point.
    “We respect the right of financial institutions to make business decisions based on objective criteria. It is unacceptable, however, to discriminate against businesses simply because they are engaged in the lawful commerce of firearms, an activity protected by the Second Amendment,” the organization said in a statement. The organization has met with the House Financial Services Committee and members of the Oversight and Government Reform Committees to discuss the anti-fraud operation.
    For the past year, the Department of Justice, through Operation Choke Point, has initiated a wide-range investigation of banks and payment processors because of who they do business with. If banks took on what the Federal Deposit Insurance Corporation identified, in an internal memo, as “high risk” industries as clients, then those banks were more susceptible to a government investigation.
    As of last year, the Department had issued more than 50 subpoenas to banks and payment processors, the report said. The risk of an investigation, coupled with the due-diligence of taking on what the administration deems as high-risk clients, has deterred many banks from providing services to these industries, said Richard Riese, a senior vice president at the American Bankers Association.
    In an internal memorandum at the Department of Justice about the goals of Operation Choke Point, a senior official proposed the department identify 10 suspect banks within 150 days to jump-start the operation.

    Read more: Operation Choke Point targets businesses administration doesn
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  2. chas3stix

    chas3stix Well-Known Member

    Jun 7, 2011
    So the administration stays out of the line of fire by getting their friendly banks to do their dirty work for them.
  3. Magnumdude

    Magnumdude Well-Known Member

    Aug 20, 2002
    I don't think this administration cares if they are caught in the line of fire regardless of the activity they are engaged in. Oblunder has thumbed his keynian nose at our laws and the US Constitution with impunity since he was sworn into office, and with each transgression he becomes bolder because no one has had the balls to hold him accountable for his crimes. The republicans are simply pitiful fools who are doing what politicians do best - try to insure their reelection, and damn the people who put them their. Well, we put them there and we can remove them at the ballot box. If there is no Tea Party candidate running for a given office I simply will stay home.
  4. PhulesAu

    PhulesAu Well-Known Member

    May 2, 2013
    And this is why things are so bad. I can't have exactly what I want, so I'll just do nothing and whine about it. You are part of the problem.
  5. jfseaman

    jfseaman Well-Known Member

    Apr 8, 2012
    I have to agree with that.

    What the anti organizations and the anti politicians don't seem to get is the assault on the 2dn amendment has resulted in unprecedented gun ownership and ammo and reloading sales.:D