pipedreams Posted February 20, 2021 Share Posted February 20, 2021 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." 1 Link to comment Share on other sites More sharing options...
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