Tuesday, April 30, 2019

About Biden's 'scandal-free' Obama administration,

politicians and bureaucrats who need hanging.
Operation Choke Point was a plot by President Obama’s Department of Justice, the Federal Deposit Insurance Commission, the Consumer Financial Protection Bureau, and other government agencies to cut off banking and financial services for small businesses and industries that they deemed to be political enemies or otherwise undesirable.
...
Government documents were just unsealed providing evidence of just how far reaching and destructive Operation Choke Point really was to small businesses.

In this specific case, the documents show how the FDIC engaged in a targeted campaign against lawful and legally operating businesses, cutting them off from banking services without due process or other legal recourse. While most thought the program began around 2013 — at least that was when evidence of the program first began to surface — a senior official with the FDIC was pushing regulators to cut off banking for lawful small dollar lenders at least three years before that. The official told regulators: “… if a bank was found to be involved in payday lending, someone was going to be fired.” Brought to light by the unsealed documents, additional instruction was given to regulators that “if an institution in their region was facilitating payday lending, the regional director should require the institution to submit a plan for exiting the business.”

Any business deemed to be a political enemy would be considered “high-risk,” and as the legal filing that unsealed these new incriminating documents notes, it was made clear “that banks servicing high risk customers through payment processors would incur additional regulatory compliance burdens.” In another incident, available now through the deposition of a bank chairman, said the chairman was threatened with criminal referral to the Department of Justice if a business relationship with a small dollar lender was not ended.
Lots of lampposts and cherry trees in DC.  Just sayin'.

2 comments:

Anonymous said...

The human gaffe machine also outed a seal team, just saying

https://www.thegatewaypundit.com/2018/12/liberal-media-hacks-push-fakenews-that-trump-endangered-seal-team-6-in-iraq-but-ignored-joe-bidens-outing-of-seal-team-6-before-massacre-in-afghanistan/

Old 1811 said...

Actually, he's correct. There was never any "scandal," just a lot of unreported criminality. Criminality only becomes "scandal" when someone bothers to report it, and someone else becomes "scandalizes." Since all BHO's wrongdoing was covered up by his sycophants in the government and the press, there was no scandal.