Thursday, January 15, 2015

Operation Choke Point - your government at work (for your own good)...

Guidelines designed to discourage banks from doing business with illegal and heinous operations involving things like human trafficking and child pornography are now being applied to legal and legitimate businesses which are deemed “high risk.”

“Our hands are tied by it,” a regional manager with Heritage Credit Union told Hawkins Guns owner Mike Shuetz of federal regulations which forced the institution to close Shuetz’s bank accounts in November.

Operation Choke Point was designed by the government to systematically cut off banking services and payment processing to gun and ammo businesses. This was done in part by adding these businesses to the "high risk" banking category and by pressuring banks and credit unions with additional audits and oversight if their portfolios contain these types of businesses.

Government by regulation, death by a thousand cuts...

No comments:

Post a Comment