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Elspeth
07-18-2014, 02:02 PM
Operation Choke Point Hearing Reveals DOJ Threats And Strong-Arming
http://dailycaller.com/2014/07/18/operation-choke-point-hearing-reveals-doj-threats-and-strong-arming/#ixzz37qA8CdAg


A Justice Department fraud prevention program came under fire Thursday for allegedly morphing into actively pressuring banks to deny financial services to businesses for political reasons.

Operation Choke Point functions as a partnership between the Department of Justice (DOJ) and various other federal agencies which deal with bank regulations, specifically the Treasury and the SEC. The objective of the project is to choke-off fraudulent businesses from accessing financial services, in an effort to protect consumers.

The controversy, however, is over allegations that the DOJ is pressuring financial institutions to decline doing business with so-called “high risk” industries which line up squarely against the political leanings of the current administration. These businesses include ammunition sales, payday loans, pornography, fireworks companies, and others—24 industries in total, as listed by the Federal Deposit Insurance Corporation (FDIC).

“Operation Choke Point is one of the most dangerous programs I have experienced in my 45 years of service as a bank regulator, bank attorney and consultant, and bank board member. Operating without legal authority and guided by a political agenda, unelected officials at the DOJ are discouraging banks from providing basic banking services…to lawful businesses simply because they don’t like them,” said William M. Isaac, former chairman of the FDIC.

Thursday’s House Judiciary Committee hearing focused on the legality of DOJ overreach. Letters have poured in from company owners in support of these suspicions, noting startling cases where the DOJ reportedly has directly strong-armed banks into dropping clients not engaging in fraud.

Virginia Republican Rep. Robert Goodlatte revealed that one of the more egregious examples sent in to the committee was a meeting between the DOJ and a bank regarding the continued provision of financial services to a payday loan company.

The DOJ official reportedly told the banker, “I don’t like this product, and I don’t believe it should have a place in our financial system. And if you don’t agree, there will be an immediate, unplanned audit of your entire bank.”

The Justice Department has now served over 50 subpoenas on banks, and Alabama Republican Rep. Spencer Bachus expressed considerable concern that dragging banks into a long and expensive process is just an underhanded way of encouraging banks to drop clients as an easy-out.

“Subpoenas are expensive to comply with and can bring unwanted scrutiny. The natural reaction from a financial institution might be to sever relations with the merchant and be done with it,” Bachus said Thursday in a hearing at the Subcommittee on Regulatory Reform, Commercial and Antitrust Law.

Missouri Republican Rep. Blaine Luetkemeyer brought forward the End Operation Choke Point Act Tuesday to curb the DOJ’s activities in this area. The act would provide financial institutions with safe harbor to serve customers engaged in legal activities, so as to cut out politically motivated attacks on businesses deemed undesirable by the Justice Department.

Rick
07-18-2014, 02:46 PM
Missouri Republican Rep. Blaine Luetkemeyer brought forward the End Operation Choke Point Act Tuesday to curb the DOJ’s activities in this area. The act would provide financial institutions with safe harbor to serve customers engaged in legal activities, so as to cut out politically motivated attacks on businesses deemed undesirable by the Justice Department.

I hope this gains traction, and makes the news.

I'm not sure I get the "safe harbor" part. It makes it sound like they're offering
something to make the DOJ nonsense less effective.

If they put a stop to the illegal, corrupt action of the DOJ, that won't be necessary.

Which brings us back to "we need the Senate".

Dori
07-18-2014, 03:29 PM
Wow...

It seems like all the government agencies are going this way.

If we're lucky enough to get the WH back, is it even possible to get rid of the people who are doing this?

Remember all the flack when Alberto Gonzales fired all those attorneys? Now we know why he did it. Clinton (or Hillary) had probably loaded them up with extreme lefties to go after their political enemies.

Elspeth
07-18-2014, 03:31 PM
Wow...

Remember all the flack when Alberto Gonzales fired all those attorneys? Now we know why he did it. Clinton (or Hillary) had probably loaded them up with extreme lefties to go after their political enemies.

There's an interesting thought.

Dlr Pyro
07-18-2014, 03:35 PM
The DOJ official reportedly told the banker, “I don’t like this product, and I don’t believe it should have a place in our financial system. And if you don’t agree, there will be an immediate, unplanned audit of your entire bank.”
That seems the type of behavior you would expect from an agency that is run by someone who is held in contempt of congress.

Elspeth
07-18-2014, 03:52 PM
That seems the type of behavior you would expect from an agency that is run by someone who is held in contempt of congress.

Or by a shakedown artist.

Rick
07-18-2014, 06:21 PM
Wow...

It seems like all the government agencies are going this way.

If we're lucky enough to get the WH back, is it even possible to get rid of the people who are doing this?

Yes it is. Depending on who gets the office. The right person will sweep 'em out, and in short order. I can only dream
that hopefully, many with the indictments they deserve.

We get some RINO, and they try to leave ANY of these criminals in those positions, it's not going to go well for 'em.



Remember all the flack when Alberto Gonzales fired all those attorneys? Now we know why he did it. Clinton (or Hillary)
had probably loaded them up with extreme lefties to go after their political enemies.

I forgot about that, but the shoe sure fits!

txradioguy
07-19-2014, 03:48 AM
It might not be as easy to get rid of these career people as one might think. They bury their way in like a tick in places most people don't think look.

I remember Mark Levin saying that when he was at DOJ they still had lawyers in the building from the Kennedy Administration.

The poison pills that Dems leave in place after they leave office can be gotten rid of...but it might not take one term or one Republican president either.

Sent from my Z10 using Tapatalk 2

Retread
07-19-2014, 11:16 AM
Apparently similar to the inside info on the EPA. Each new cabinet appointee brings in their own staff which then cascades down the chain. As the face at the top changes, many of the previous admins don't leave but just sit in their offices (or at home), shunted aside but continuing to draw a paycheck.

SarasotaRepub
08-13-2014, 08:49 AM
There's an interesting thought.


Indeed it is...

JohnnyJeb
08-13-2014, 11:27 AM
Solution: The republicans get new tea party blood and take over the House, the Senate and WH in January of 2017.. They get Obama's real birth records and HAA-vard grades and writings. They prove that not only was he un-American but a non-American, communist, racist. Every government worker from janitor up hired after January 2009 is fired. Every law, every EO, every government rule change passed after January 2009 is over turned, voided, nullified.......and we start over from there.

And for icing on the cake, Harry Reid and Nancy Pelosi go to prison for life because they didn't properly vet the candidate in 2008. Bill and Hillary get 20 years for having had the evidence but withholding it from the public.

Never happen because to many old republicans will still be in office but it makes for nice dreams. :smile-new:.