Operation Choke Point

a 2012 program started by Obama’s Justice Department (led by Eric Holder) that used the FDIC to pressure banks not to extend credit or other financial services to certain industries with high instances of fraud, such as pornography. Under that guise, the program was used as a backdoor to punish industries that Obama disagreed with, such as the firearms industry. Congress would investigate and rebuke the findings but little was done to stop it. August 18, 2017, the Trump Justice Department led by Jeff Sessions finally killed the program. Merchants targeted were denied bank loans as federal regulators flagged them as “high risk” for fraud. In the firearms industry, that amounted to infringing on 2nd Amendment rights. Some companies targeted by Operation Choke Point were ammunition sales, firearms sales, payday loans, money transfer networks, debt consolidation, online gambling, pornography, and escort services.1  Read More…