It’s an example, in essence, of legislating from the bureaucratic cubicle. A House committee has discovered e-mails showing that officials at the Federal Deposit Insurance Corporation schemed to destroy lawful businesses they found morally objectionable.
The vehicle through which this is done is Operation Choke Point; this is an Obama administration effort ostensibly designed to “choke off” access to the U.S. financial system to illegal operations, but it’s also being applied to legal ones that certain ideologues personally dislike. Its primary target is the short-term lending industry, but its other victims include entities such as firearms and ammunition merchants, home-based charities, coin dealers, and purveyors of pharmaceutical drugs — lawful enterprises all.
The e-mails were revealed by the House Oversight and Government Reform Committee (HOGRC), which released a 20-page investigative report on Monday explaining how the FDIC worked hand-in-glove with the Department of Justice to implement Operation Choke Point.
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