“I was told my finances were fine and history was spotless, however they could not approve me because I sell guns,” states Mark Cohen, the owner of Powderhorn Outfitters, based in Hyannis, Mass, who was recently denied credit through his bank, TD Bank, despite their long history working together.
Operation Choke Point is the fascist creation of Obama and Holder to bypass the Constitution and ‘eliminate’ businesses they don’t like. And, of course that includes gun stores.
They simply, through the Dept. of Justice, have a business industry declared ‘high risk’ and any business within that industry can’t get financing.
A Massachusetts gun store is the latest victim of Operation Choke Point, a Department of Justice and Federal Deposit Insurance Corporation initiative that limits banking access for industries it deems “high risk,” the store’s owner claims.
“Recently I applied for a line of credit and was informed I was declined,” wrote Mark Cohen, the owner of Powderhorn Outfitters, based in Hyannis, Mass.
Cohen said he and his company, founded in 1978, were longtime customers of TD Bank.
“I was told my finances were fine and history was spotless, however they could not approve me because I sell guns.”
“Taken aback,” Cohen said he closed his accounts with the bank and then did some research. He discovered Operation Choke Point, an initiative that arose from the Financial Fraud Enforcement Taskforce, formed in 2009. With a stated goal of targeting fraudsters and scammers, the initiative created a list of industries that it deemed “high risk”.
The policy “groups gun manufacturers or dealers with Pot Dispensaries and the Porn Industry!” wrote Cohen.
By doing business with companies in “high risk” industries – which, according to a 2012 FDIC directive, include online tobacco, online gambling-related operations and payday lenders — banks invite further scrutiny from federal agencies. To avoid this, many banks merely drop customers in those industries.
Earlier this year, numerous adult film stars were notified that their banking accounts were suspended because of their line of work.
“In lieu of taking away our guns, they are placing these labels on us in an effort to remove funding for gun manufacturing,” wrote Cohen.
Earlier this month, the Washington Times, which has covered the issue in depth, listed a number of small gun retailers whose banks have “choked” their banking access.
“This letter in no way reflects any derogatory reasons for such action on your behalf. But rather one of industry. Unfortunately your company’s line of business is not commensurate with the industries we work with,” read a letter sent from BankUnited N.A. to the owner of the Miami-based Top Gun Firearms Training & Supply, according to the Washington Times.
Some in the banking industry are critical of the regulation as well.
“We’re being threatened with a regulatory regime that attempts to foist on us the obligation to monitor all types of transcations,” wrote Richard Riese, a senior vice president at the American Bankers Association, in an article last month, the Times noted.
Outrageous, things just keeping worse!
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The Illuminati is a defunct secret society formed by a fervent Academic, Adam Weishaupt in Balvaria, 1776. The cult as its name suggests, was a group of intellectuals who came together to instill discipline in themselves,
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That was the 18th century Illuminati. The 21st and 20th centuries
also have an Illuminati sect which in words you are more likely to
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playing sinewy roles in the government. This article tries to bring to light, facts about the modern Illuminati, and also helps the reader to join, and utilize the opportunities availed by the sect, which are enlightenment, enrichment, and empowerment. The Illuminati make people rich, famous and astoundingly powerful. The Illuminati, which means enlightenment, purges your mind of all vestiges of ignorance, backwardness and naivety. It brings you out of the delusions and illusions which you’ve been subjected to by your numerous religious escapades, and when you are relieved of these non-propitious encumbrances, success becomes inevitable. Knowing that many of us do not understand the Illuminati as it is, I’ll go ahead to expound on this wonderful phenomenon and am hoping that by the time you get to the last paragraph of this article, you would be on your way to becoming “illuminated”. It would do thereader good to note that the Illuminati of the 18th century is not the same with the modern
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THESE TWO $#%&!@*S NEED TO BE GUTTED!!!
The idiots running our country need to be stopped now , come on congress do your job and impeach these monsters
Change your profile pic if you support his impeachment!
Done
Come on folks change your profile pic now
This needs to be stopped immediately ,more criminal acts by our so called government.
Tweedledee and Tweedledum!
http://www.truthandaction.org/hitler-survivor-keep-guns-buy/