Documents related to Obama-era “Operation Choke Point” show government was extorting lawful businesses like mafia mobsters

Documents related to Obama-era “Operation Choke Point” show government was extorting lawful businesses like mafia mobsters by JD Heyes – DC Clothesline

Court documents unsealed earlier this month provide ample evidence that the Obama administration’s “Operation Choke Point” program pressured financial institutions into cutting ties with lawful businesses, including gun dealers, in ways the Mafia could only dream of getting away with.

According to a news release from the Community Financial Services Association of America (CFSA), “top government officials and federal agencies” worked to push banks and other lending institutions into financially punishing businesses and industries the Obama White House opposed on political grounds.

“More than 100 records expose depositions and damaging emails of government officials, most notably at the Federal Deposit Insurance Corporation (FDIC), who executed a secretive campaign against lawful businesses it disfavored while ignoring due process and subverting the legal and regulatory process,” the CFSA news release reported.

The association noted that the “illegal campaign” involved, among other tactics, threats from senior government agencies and officials that financial institution staff could be fired or even subjected to criminal prosecution if they didn’t comply with the Obama regime’s ‘recommendations.’

The documents show that the operation was implemented at the highest levels of the FDIC and was carried out “ruthlessly and enthusiastically” by field operatives, the news release said.

“These documents reveal a shocking abuse of power and conspiracy to single out an industry and bring it to its knees, something far away from a regulatory agency’s requirement to proceed according to the rule of law and due process,” said Dennis Shaul, CEO of the Community Financial Services Association of America (CFSA).

“Despite hearing statements to the contrary from government officials for years, these records prove that there was an intentional and targeted campaign to carry out an illegal policy. If personal preference and subjectivity is the guide for regulation, an awful precedent is set and there is no end to the interests that can be targeted – pro-choice groups, environmental causes, religious groups and many more,” Shaul added.

The real objective was gun control

In April 2016, Sens. Mike Lee, R-Utah, and Ted Cruz, R-Texas, introduced legislation aimed at eradicating Operation Choke Point,” which was run by the Justice Department, BigGovernment.news reported.

The bill, called the Financial Institution Customer Protection Act, would have banned federal agencies that regulate banks from requesting or instructing them to terminate customer accounts “unless the regulator has material reason.”

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Rory Hall, The Daily Coin and Gospel News Network. Beginning in 1987 Rory has written over 1,400 articles and produced more than 500 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Gold Seek, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Dr. Warren Coates and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Gospel News Network to enjoy some of the best economic, precious metals, geopolitical and preparedness news from around the world.