Richard Cordray and Operation Choke Point

image credit: americaswatchtower.com

Here’s some information about what Ohio gubernatorial candidate Richard Cordray was up to at the Consumer Financial Protection Bureau. Ken Blackwell at the Washington Examiner reported yesterday:

Operation Choke Point was a plot by President Obama’s Department of Justice, the Federal Deposit Insurance Commission, the Consumer Financial Protection Bureau, and other government agencies to cut off banking and financial services for small businesses and industries that they deemed to be political enemies or otherwise undesirable.

Some of these businesses included gun stores, ammunition shops, fireworks stores, small dollar lenders, and home-based charities.

Some government officials tried to deny the existence of the program. That includes former CFPB director, Richard Cordray, who dodged questions from Sen. Mike Crapo in 2014 as to the CFPB’s participation in Operation Choke Point. Yet in that same year, Cordray warned banks against doing business with “… unscrupulous lenders and their payment processors.”

Cordray was not alone in trying to hide the truth about this operation. Officials from the DOJ and FDIC all worked to keep the program’s existence from the public and to bury the truth. Finally, however, the truth is now being unmasked.

Government documents were just unsealed providing evidence of just how far reaching and destructive Operation Choke Point really was to small businesses.

. . .

With this new evidence, it has become even more clear how invested the Obama administration was in Operation Choke Point. If an industry stood against their political agenda, it was only a matter of bringing the full force of the administrative and regulatory state against that industry as a means of coercion and punishment. Operation Choke Point was “Chicago-style politics” brought to Washington, D.C.

Reps. Blaine Luetkemeyer, R-Mo., and Sean Duffy, R-Wis., have been leaders in exposing Operation Choke Point. And I cannot agree more Luetkemeyer’s reaction to the latest revelations when he said, “I am appalled by the blatant intimidation and bias employed by unelected bureaucrats to play partisan politics with the livelihood of our citizens. No matter your ideological leanings, the American government should not be able to destroy all that you have worked for.”

Read the rest here. Pretty ugly.

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