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Choke Point 2: Biden Administration Prepares Way For Banks To Refuse Service To Democrats' Enemies
(The Federalist) 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.

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.
This is why you pass laws, O Republican legislators. Next time do your frigging job instead of being lazy and letting the president write easily reversed executive orders.
The Trump administration rule appeared innocuous enough, instructing banks to "conduct risk assessments of individual customers, rather than make broad-based decisions affecting whole categories or classes of customers when providing access to services, capital, and credit."
After being choked from essential services in the economy, conservatives and right-of-center businesses will have no choice but to Build Your Own.


Posted by: Ebbomoger Speaking for Boskone4589 2021-02-20
http://www.rantburg.com/poparticle.php?ID=595193