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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