Another Program To Suppress Opponents

[The Rabbi]

Well, here's the admnistration using the Justice Department to drive businesses that dont meet their ideological standards out of business. Who would imagine the administration would use the power of the regulatory bureaucracy to suppress those who disagree with them? Oh yeah, they do it all the time.

Operation Choke Point Hearing Reveals DOJ Strong-Arming | The Daily Caller

A Justice Department fraud prevention program came under fire Thursday for allegedly morphing into actively pressuring banks to deny financial services to businesses for political reasons.

Operation Choke Point functions as a partnership between the Department of Justice (DOJ) and various other federal agencies which deal with bank regulations, specifically the Treasury and the SEC. The objective of the project is to choke-off fraudulent businesses from accessing financial services, in an effort to protect consumers.

The controversy, however, is over allegations that the DOJ is pressuring financial institutions to decline doing business with so-called “high risk” industries which line up squarely against the political leanings of the current administration. These businesses include ammunition sales, payday loans, pornography, fireworks companies, and others—24 industries in total, as listed by the Federal Deposit Insurance Corporation (FDIC).

“Operation Choke Point is one of the most dangerous programs I have experienced in my 45 years of service as a bank regulator, bank attorney and consultant, and bank board member. Operating without legal authority and guided by a political agenda, unelected officials at the DOJ are discouraging banks from providing basic banking services…to lawful businesses simply because they don’t like them,” said William M. Isaac, former chairman of the FDIC.

Thursday’s House Judiciary Committee hearing focused on the legality of DOJ overreach. Letters have poured in from company owners in support of these suspicions, noting startling cases where the DOJ reportedly has directly strong-armed banks into dropping clients not engaging in fraud.

Read more: Operation Choke Point Hearing Reveals DOJ Strong-Arming | The Daily Caller
And before any low information asshole chimes in with "But they were committing fraud", the program targeted businesses that were definitely NOT committing fraud.

 

[occupied]

That article manages to make a lot of claims but links to nothing.

 

[westwall]

Congress was concerned enough to defund it. Which your complicit press somehow managed to not report....


"On Thursday, a strong 321-87 bipartisan majority of the House passed H.R. 4660, the "Commerce, Justice, Science, and Related Agencies Appropriations Act (of) 2015." Among its provisions: "Sec. 554. None of the funds made available in this Act may be used to carry out Operation Choke Point." The final bill's supporters included 204 Republicans and 117 Democrats. The establishment press has ignored the vote. Excerpts from Kelly Riddell's Friday coverage at the Washington Times follows the jump (bolds are mine throughout this post):"


Establishment Press Ignores House Vote to Defund Operation Choke Point | NewsBusters

 

[OKTexas]

Looks like my visits, phone calls and emails to my congresscritter, who sits on way and means, might have paid off.

 

[OKTexas]

Congress was concerned enough to defund it. Which your complicit press somehow managed to not report....


"On Thursday, a strong 321-87 bipartisan majority of the House passed H.R. 4660, the "Commerce, Justice, Science, and Related Agencies Appropriations Act (of) 2015." Among its provisions: "Sec. 554. None of the funds made available in this Act may be used to carry out Operation Choke Point." The final bill's supporters included 204 Republicans and 117 Democrats. The establishment press has ignored the vote. Excerpts from Kelly Riddell's Friday coverage at the Washington Times follows the jump (bolds are mine throughout this post):"


Establishment Press Ignores House Vote to Defund Operation Choke Point | NewsBusters

Any bets the commie senate will try to strip that language from the bill? Although it might be a bit hard with the large bipartisan vote. Hey lefties, how's that for compromise?

 

[itfitzme]

Well, here's the admnistration using the Justice Department to drive businesses that dont meet their ideological standards out of business. Who would imagine the administration would use the power of the regulatory bureaucracy to suppress those who disagree with them? Oh yeah, they do it all the time.

Operation Choke Point Hearing Reveals DOJ Strong-Arming | The Daily Caller

A Justice Department fraud prevention program came under fire Thursday for allegedly morphing into actively pressuring banks to deny financial services to businesses for political reasons.

Operation Choke Point functions as a partnership between the Department of Justice (DOJ) and various other federal agencies which deal with bank regulations, specifically the Treasury and the SEC. The objective of the project is to choke-off fraudulent businesses from accessing financial services, in an effort to protect consumers.

The controversy, however, is over allegations that the DOJ is pressuring financial institutions to decline doing business with so-called “high risk” industries which line up squarely against the political leanings of the current administration. These businesses include ammunition sales, payday loans, pornography, fireworks companies, and others—24 industries in total, as listed by the Federal Deposit Insurance Corporation (FDIC).

“Operation Choke Point is one of the most dangerous programs I have experienced in my 45 years of service as a bank regulator, bank attorney and consultant, and bank board member. Operating without legal authority and guided by a political agenda, unelected officials at the DOJ are discouraging banks from providing basic banking services…to lawful businesses simply because they don’t like them,” said William M. Isaac, former chairman of the FDIC.

Thursday’s House Judiciary Committee hearing focused on the legality of DOJ overreach. Letters have poured in from company owners in support of these suspicions, noting startling cases where the DOJ reportedly has directly strong-armed banks into dropping clients not engaging in fraud.

Read more: Operation Choke Point Hearing Reveals DOJ Strong-Arming | The Daily Caller
And before any low information asshole chimes in with "But they were committing fraud", the program targeted businesses that were definitely NOT committing fraud.

Yeah, because if there is one cause that liberals all raly aroud, it's eliminating pornography.

 

[occupied]

Looks like my visits, phone calls and emails to my congresscritter, who sits on way and means, might have paid off.

Interesting you use the words "paid off" to describe an act of congress to protect banking interests. Lots of money flows through the fringes of the economy. All the scams, all the spam, all the lies of internet lies in that list, so are a lot of fun things that are merely sins so, mixed feelings.

 

[The Rabbi]

Looks like my visits, phone calls and emails to my congresscritter, who sits on way and means, might have paid off.

Interesting you use the words "paid off" to describe an act of congress to protect banking interests. Lots of money flows through the fringes of the economy. All the scams, all the spam, all the lies of internet lies in that list, so are a lot of fun things that are merely sins so, mixed feelings.

Darn, I knew some asshat would try to claim the program was effective at reducing scams. Read the article.

 

[occupied]

Looks like my visits, phone calls and emails to my congresscritter, who sits on way and means, might have paid off.

Interesting you use the words "paid off" to describe an act of congress to protect banking interests. Lots of money flows through the fringes of the economy. All the scams, all the spam, all the lies of internet lies in that list, so are a lot of fun things that are merely sins so, mixed feelings.

Darn, I knew some asshat would try to claim the program was effective at reducing scams. Read the article.

This thing still reads like a teabagger Government Gun Grabber conspiracy theory as presented. Further investigation on my part seems that the main focus was on the scum-of-the-earth payday loan sharks and that they have an actual lobby that made this whole thing look like the government was after the guns. If this is indeed the case you just sided with payday lenders, the closest thing to loan-sharking allowed by law, who should be banned outright.

 

[The Rabbi]

Interesting you use the words "paid off" to describe an act of congress to protect banking interests. Lots of money flows through the fringes of the economy. All the scams, all the spam, all the lies of internet lies in that list, so are a lot of fun things that are merely sins so, mixed feelings.

Darn, I knew some asshat would try to claim the program was effective at reducing scams. Read the article.

This thing still reads like a teabagger Government Gun Grabber conspiracy theory as presented. Further investigation on my part seems that the main focus was on the scum-of-the-earth payday loan sharks and that they have an actual lobby that made this whole thing look like the government was after the guns. If this is indeed the case you just sided with payday lenders, the closest thing to loan-sharking allowed by law, who should be banned outright.

Any one who needs money I'll send them your way. Deal?

 

[TheOldSchool]

Pornography is a high risk business. So are many of the other industries listed. I've read the arguments and I see no problem with anybody trying to steer investment towards other industries.

Unless of course you have some kind of stake in one of these industries. Such as pornography. What do you think Rabbi? Why is pornography a good investment?

 

[The Rabbi]

Pornography is a high risk business. So are many of the other industries listed. I've read the arguments and I see no problem with anybody trying to steer investment towards other industries.

Unless of course you have some kind of stake in one of these industries. Such as pornography. What do you think Rabbi? Why is pornography a good investment?

I couldn't tell you. But I can't recall what percent of web traffic is dedicated to it but it's a bunch. Most of it to your house, junior.

 

[occupied]

Darn, I knew some asshat would try to claim the program was effective at reducing scams. Read the article.

This thing still reads like a teabagger Government Gun Grabber conspiracy theory as presented. Further investigation on my part seems that the main focus was on the scum-of-the-earth payday loan sharks and that they have an actual lobby that made this whole thing look like the government was after the guns. If this is indeed the case you just sided with payday lenders, the closest thing to loan-sharking allowed by law, who should be banned outright.

Any one who needs money I'll send them your way. Deal?

No thanks, I'm not a bank and neither are the loan-sharks, there is no need to include them in your all too republican forgiveness for financial institutions and their own shady activities.

 

[bripat9643]

Pornography is a high risk business. So are many of the other industries listed. I've read the arguments and I see no problem with anybody trying to steer investment towards other industries.

Unless of course you have some kind of stake in one of these industries. Such as pornography. What do you think Rabbi? Why is pornography a good investment?

You don't have a problem with it because you're a bootlicking Stalinist toad. Government should not be deciding which businesses are acceptable and which aren't. That's the kind of thing they did in the Middle Ages, along with burning witches.

 

[Remodeling Maidiac]

Pornography is a high risk business. So are many of the other industries listed. I've read the arguments and I see no problem with anybody trying to steer investment towards other industries.

Unless of course you have some kind of stake in one of these industries. Such as pornography. What do you think Rabbi? Why is pornography a good investment?

Trying to steer AKA strong arming

Fuck that. Government needs to butt out. Period

 

[TheOldSchool]

Okay so 2 of my posts have now been deleted from this thread. Yet one accusing someone of using most of the web's porn traffic is still here. How wonderful of you mods

 

[francoHFW]

The House, like the Senate, does lots of things. Nothing passes CONGRESS.Why would real journalists cover this bs?

 

[Remodeling Maidiac]

Change da channel dupe.....doh!

 

[The Rabbi]

Okay so 2 of my posts have now been deleted from this thread. Yet one accusing someone of using most of the web's porn traffic is still here. How wonderful of you mods