Wednesday, March 25, 2015

Silver, Gold, & Gun Dealers To Be Shut Down? Update On Operation Chokepoint

"At a minimum, Operation Choke Point is little more than government-mandated de- risking. FDIC, in cooperation with the Justice Department, made sure banks understood – or in their own language, “got the message” – that maintaining relationships with certain disfavored business lines would incur enormous regulatory risk. The effect of this policy has been to deny countless legal and legitimate merchants access to the financial system and deprive them of their very ability to exist. Accordingly, Operation Choke Point violates the most fundamental principles of the rule of law and accountable, transparent government."