The nation’s top extortion artist, Eric Holder, is at it again (or still). This time, rather than running guns to Mexican drug cartels or investigating reporters who publish inconvenient facts about the administration’s scandals, Holder is taking aim at America’s small businesses. While Holder and Co have been busy collecting billion dollar fines from big banks, they’ve taken a more direct approach to snub out businesses that don’t necessarily conform with the Holder/Obama view of America.
Operation Choke Point, as it has been known, was a DOJ initiative that was intentionally designed to pressure banks and lenders into avoiding certain industry-specific businesses. Ostensibly, Operation Choke Point was designed to fight money laundering and fraud. The secretive initiative was launched with little fanfare in 2013. According to the Justice Department, it was aimed at “choking out” companies the Administration considered high-risk, despite the fact that they were legal businesses that had shown no signs of fraud.
In other words, the program was aimed at punishing businesses for merely existing. One of the primary victims of Operation Chokepoint has been gun manufacturers, and legal firearm dealers. (What a shock… I’m sure that’s completely coincidental.)
So, while Eric Holder was busy shaking down banks for billions of dollars on trumped up charges, his department was also intentionally harassing legal businesses such as gun dealers, payday lenders, and anyone else that earned the scorn of the Obama Administration.
The DOJ has acknowledged that their tactics have resulted in many businesses being unduly punished, but brushed off any concerns by saying that legitimate businesses will merely have to make additional efforts to “prove to banks they are not engaged in fraud.” Because, yeah… That’s clearly how our system is supposed to work, right? I mean, sure, we could try to use the DOJ to target people that have actually broken laws, but that would require a little less Chicago-style corruption.
Lucky for us, a handful of Republicans in California (yeah… there are still some Republicans left in that state) elected Darrel Issa to the US House of Representatives. Issa, who chairs the Oversight committee, has chosen to take Holder to task for his latest affront to American style government, by claiming that the DOJ’s actions are flagrantly illegal.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 24th, 2014 | John Ransom
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