1. InternetHero

    InternetHero Titanium Belt

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    The U.S. government may be pressuring banks to cancel the accounts of private citizens and businesses considered "undesirable" by the U.S. government. Such as: pornographers, ammunition sellers, and "racial groups." See what you think.

    ---------------------------------------

    The Washington Post
    By Todd Zwicki
    May 24 at 2:17 pm

     
  2. Grappleboxing

    Grappleboxing Brown Belt

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    That's the government for you.
     
  3. LucasWithLidOff

    LucasWithLidOff Double Yellow Card Double Yellow Card

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    No that's democrats for you. I've been saying that they're soft fascists pretending to be liberals. Stop letting them get alway with this crap.
     
  4. UpaLoompa

    UpaLoompa Grand Quasiprophet of the Sakaran Apocolyps

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    I disagree with these sorts of policies but they've been ongoing for quite awhile under all administrations.
    Let's just oppose them on non-partisan grounds.
     
  5. KOQ24

    KOQ24 Gold Belt

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  6. UpaLoompa

    UpaLoompa Grand Quasiprophet of the Sakaran Apocolyps

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    Poor Teagan. Wonder if my wife will let us take in the now destitute lady.
     
  7. Cubo de Sangre

    Cubo de Sangre President of the War Room

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  8. johnsmithbattle

    johnsmithbattle Orange Belt

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    keyword: private. the DoJ is not private you useful idiot.
     
  9. AkaiJiisu

    AkaiJiisu Green Belt

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    Boom. That was so fierce it hurt MY feelings.

    This shouldn't surprise anyone given this administration's willingness to get down and dirty and call ordinary citizens names. From calling secured bondholders "speculators" while villianizing them for protecting their rights, to calling Kanye West a jackass, to his comment about George Zimmerman. Forcing businesses' hands on reputation risk is not a big leap.
     
  10. drstrangelov

    drstrangelov Hey.

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    I'm pretty sure marijuana dispensaries are already denied access to banking, but that's just like the Vice episode informing me.

    Anyway, Holder would need to get it up and running basically immediately, because nobody's listening to his guidelines after the midterms. He'll have no time to enforce this anyway. As soon as the GOP takes the legislature you can be sure those ammunition makers/distributors will be protected.
     
  11. Dolomite

    Dolomite Red Belt

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    Did somebody say George Zimmerman?

    Anyway -
    Let's fucking hope so.
     
  12. InternetHero

    InternetHero Titanium Belt

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    That the Washington Post found it fit to print suggests this may not be a problem so glibly dismissed.

    Especially since the existence of "Operation Chokepoint" is A. Known and B. the details are kept secret from us the public and from potential victims.
     
  13. WorldofWarcraft

    WorldofWarcraft Holy Paladin Banned

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    Can banks pop up to take advantage of this money making opportunity?
     
  14. Cubo de Sangre

    Cubo de Sangre President of the War Room

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    http://www.mmsllc.com/the-mcmillan-story/

    It should also be pointed out the Ebay's policies are certainly what put Gunbroker on the map.
     
  15. second sight

    second sight Reversing Submissions from Father Time

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    House Report: "Choke Point" Targets Legal Businesses for Asphyxiation

    On May 29, House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.) released a staff report, The Department of Justice's "Operation Choke Point": Illegally Choking Off Legitimate Businesses? The report concludes that the true goal of the operation is to "choke out" certain industries, including legal businesses like sellers of firearms and ammunition, which the current administration considers politically objectionable.

    The report follows the Department of Justice's (DOJ's) launch last year of Operation Choke Point, a wide-ranging investigation into banks and payment processors (the middlemen between banks and merchants in financial transactions). DOJ claimed the operation was aimed at combating mass-market consumer fraud by shutting down access to the banking and payment systems that are necessary for fraudulent businesses to operate. The justification was an alleged higher "risk profile" for consumer fraud or potentially illegal activities associated with some merchants or activities identified by the Federal Deposit Insurance Corporation (FDIC).
     
  16. James Keith

    James Keith Silver Belt

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    or foreign business can take over the markets since they're legal.
     
  17. Calmete

    Calmete Blue Belt

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    Lol!

    And republicans defunded this democratic garbage.
     
  18. mantronix

    mantronix Blue Belt

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    Well Obama is pushing for the banks to do business in legal/medical states. But, according to the government weed is illegal. Porn and guns are not.
    So a bank like HSBC can take cartel cash to help them meet the reserve requirements, but if you are involved in porn or guns it's a no go, Thanks Obama.
     
  19. Jack V Savage

    Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog Platinum Member

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    It's in the opinion pages, and written by a George Mason guy. You really should learn to be more skeptical/less gullible, even when someone is telling you what you want to hear. I assume you're new to following politics, but over time you'll realize that 99% of these stories by one side or the other are complete bullshit.

    For more reasonable coverage, see here:

    http://dealbook.nytimes.com/2014/01...es-aim-at-banks-business-with-payday-lenders/
     
    Last edited: Jun 1, 2014
  20. SleepyBoy

    SleepyBoy Silver Belt

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    Maybe the government should shut off accounts to the NSA and their private contractors since they are constantly breaking the law without any regard.
     

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