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Thread: Operation Choke Point: The Government's Covert War on Small Business (ReasonTV)

  1. #1

    Operation Choke Point: The Government's Covert War on Small Business (ReasonTV)


    https://www.youtube.com/watch?v=fcNV4PTjED8


    Banks are sending notices of account closure out to small businesses across the country, to clients they've done business with for years, even decades. The reason? They often don't provide one.

    But a growing number of business owners believe they know why they're being cut off from the financial system. It's Operation Choke Point, ostensibly an attempt to crack down on fraudulent businesses, but in reality a dragnet that has ensnared innocent entrepreneurs unfairly classified as "high-risk" players.

    Earlier this year, FDIC chairman Martin Gruenberg told Congress that Choke Point was over, but many business owners believe the FDIC and DOJ has passed enforcement duties along to a newly created independent agency: the Consumer Financial Protection Bureau (CFPB), the brainchild of progressive senator Elizabeth Warren (D-Mass.). The CFPB operates under the guidance of the Federal Reserve and doesn't rely on Congress for funding, which critics say allow it to operate without any meaningful checks on its power.

    Reason TV profiled two business owners who believe they've been targets of Choke Point and its legacy: a payday lender in Southern California and a hookah seller in North Carolina. Brian Wise of the U.S. Consumer Coalition, an organization that's been compiling Choke Point stories from across the nation, also appears in the video.

    Watch the video above for a deeper look into the covert financial regulation affecting small businesses across the nation.



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  3. #2
    Quote Originally Posted by jct74 View Post
    "He who controls the money supply of a nation controls the nation."

    James A. Garfield



    Last edited by Dianne; 08-30-2015 at 08:58 AM.

  4. #3
    Nothing to see here. Move along...
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  5. #4
    Earlier this year, FDIC chairman Martin Gruenberg told Congress that Choke Point was over, but many business owners believe the FDIC and DOJ has passed enforcement duties along to a newly created independent agency: the Consumer Financial Protection Bureau (CFPB), the brainchild of progressive senator Elizabeth Warren (D-Mass.). The CFPB operates under the guidance of the Federal Reserve and doesn't rely on Congress for funding, which critics say allow it to operate without any meaningful checks on its power.
    LOL Dang that crony capitalism, how does it even get started or stay perpetuated Elizabeth? How!?
    HOW!!??

    Fear of man will prove to be a snare, but whoever trusts in the LORD is kept safe. Proverbs 29:25
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    Ron Paul

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  6. #5
    I remember when JP Morgan became Chase and the family's small business credit line was called due, one month to pay up. Never a missed payment. I just assumed it was a way to show the bottom line after the merger happened to look fatter if they called in a lot of lines.
    “…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

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  7. #6
    Damn, now I wish that corporatist bitch was running.

    Still, we could stand to get this out. With Fox brainwashing all the Republicans to be mesmerized by Trump, maybe we can use this to break the MSM spell on the Democrats and piss them off. Hell, if we make a big enough deal out of this, maybe we can get Republicans' attention just long enough to make them think for a minute about what Trump would do to small business.

    You know Clinton is worse. You say Sanders wouldn't, but you know he's no fan of business of any size. Five minutes ago you'd have sworn Elizabeth Warren would never do it.

    How do we insert this into the national conversation?
    Quote Originally Posted by Swordsmyth View Post
    We believe our lying eyes...



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