Operation Choke Point - Wikipedia, the free encyclopediaDetails of the operation
Some merchant categories that the FDIC had listed until July 2014 as being associated with high-risk activity include, but are not limited to (until the FDIC revised the original policy in July 2014):
- 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
- Payday Loans
- Pharmaceutical Sales
- Ponzi Schemes
- Pyramid-Type Sales
- Racist Materials
- Surveillance Equipment
- Tobacco Sales
- Travel Clubs
WTF is wrong with Ammunition Sales, Coin Dealers, Firearms Sales, Fireworks Sales, Home-Based Charities, Pharmaceutical Sales, Surveillance Equipment, Tobacco Sales?? Other than not aligning to the liberal / progressive / Democratic 'push agenda'?
I'll grant you that the other ones are shady, but I cast no moral relativism on this. If they are owned and operated within the letter of the law, then it's illegal for the government to harass them. PERIOD.
Congress launching hearings on complaints businesses targeted by 'Operation Choke Point' | Fox NewsBrennan Appel, owner of Global Hookah Distributors, said he realized he was a victim of Operation Choke Point after he got a letter from Bank of America telling him that after 12 years of working together, it was closing all his business and personal accounts.
Appel said a few months later, his payment-processing company also dropped him. "I started this business when I was 18 years old, funded my way through college with it and have continued on growing the company into what it is today. And I feel like, why do you get punished when you are growing a company?"
Appel began recording his conversations with Alex Bacon, the president of EFT which was his payment processor. He wanted to prove he was the target of Operation Choke Point.
. . .
Initially, the FDIC put out a list of 30 high-risk businesses, but that list has since been rescinded.
So killing off entrepreneurs of small businesses. That's a pretty low blow to the middle class, don't you think?
Nancy Pelosi said: “We have to pass it, to find out what’s in it.” A Doctor called to a radio show & said: "That's the definition of a stool sample"
"Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket," Barack Obama January 2008
I say what I want all the time. I voice my opinion. While I certainly do not like our direction as a country, we are certainly not Nazi Germany. Its ok not to like political correctness, but Mr. Carson could benefit from some clue about the country he lives in.
Run your own nation, play Cybernations."Conservatism is the blind and fear-filled worship of dead radicals."
- Mark Twain
Last edited by jmotivator; 03-25-15 at 12:16 PM.
Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.