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Biden Administration Prepares Way For Banks To Refuse Service To Their Political Enemies


pipedreams
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Back to Obama's old tricks.....................

"Amongst the record-breaking number of executive actions taken by President Joe Biden was one related to a little-known, frightening Obama-era program called Operation Choke Point. The program, dubbed so under former Attorney General Eric Holder, uses the power of the federal government to target legal yet leftist-disfavored businesses. These include gun sellers, pawnshops, and short-term money lenders.

The Trump administration did its best to end this blatantly unconstitutional program that sought to discriminate against legal industries. In 2017, the Justice Department declared the program “formally over.” At the end of Trump’s term, the Office of the Comptroller of the Currency established the Fair Access rule to solidify its culmination.

But on Jan. 28, the Office of the Comptroller of the Currency under President Biden announced it would pause the Trump-era rule intended to prevent another Operation Choke Point from happening again."

https://thefederalist.com/2021/02/19/biden-administration-prepares-way-for-banks-to-refuse-service-to-democrats-enemies/

"The Obama administration claimed the program was intended to root out fraud by cutting off “high risk” industries from the banking system. But the administration didn’t make any differentiation between legal and illegal “high risk” industries, intentionally grouping lawful industries such as firearms sellers with patently illegal activities like Ponzi and credit-card schemes."

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it is safe to say that President "Biden`s" Administration is going to remove everything President Trump did, without knowing or caring if it worked or was Good.

 

Until President Trump is Reelected and changes it back.

the main reason Historically that South American Countries are what they are right now is because one leader changed what the Previous did every Two Years and that makes it Impossible for anything to take hold and work.

this is how Socialism Rises, by utter ineptness.

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On 2/20/2021 at 9:21 PM, Historian said:

At some point.  I suspect this type of thinking will result...in people understanding the failure of the Democrat party.

God, i Hope so and that its enough People to make a Difference.

On 2/20/2021 at 9:21 PM, Historian said:

Might be too late...

God I Hope Not.

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