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"Choke Point" Hearings Yield Predictable Responses From FDIC Chairman
Posted: 03.27.15 07:19 PM
Last year, we began*reporting*on the Obama administration’s "Operation Choke Point" and the use of federal financial services regulators to harass and intimidate banks and financial service providers who maintain relationships with legal but so-called "high risk" merchants or businesses.*By leaning on the banks, the regulators hope to cause them to sever relationships with these businesses, thereby choking off their cash flow and forcing them out of the market.* Source: https://www.nraila.org:443/articles/...-fdic-chairman 
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