Tuesday, August 5, 2014

Gun retailers, payday lenders out of Choke Point’s crosshairs

Gun retailers are no longer on a hit list deemed “high risk” by the Federal Deposit Insurance Corp. after the banking regulator formally withdrew Monday the list it put together that outlined what merchants may be considered risky for banks to do business with as part of the Obama administration’s “Operation Choke Point.”
GOA forwards this link with the following comments:
The FDIC said its efforts to destroy the gun industry “led to misunderstandings.” But frankly, the only “misunderstanding” in the actions by the FDIC and Eric Holder’s “Operation Choke Point” involved Obama’s misunderstanding of the withering response to his slimy efforts to destroy the Second amendment “by the back door.” With the support of GOA, appropriations legislation in the House had language which would have eliminated Operation Choke Point entirely. And Harry Reid was forced to pull the bill and derail the appropriations process after Senator Rand Paul, with our urging, threatened to force endangered Democrats to vote on the issue in that chamber.
As is always the case with Barack Obama, one can never assume that he has backed away from his efforts to destroy the Second Amendment. But last week’s actions are pretty good news for the gun community. So thanks again for all your hard work!

3 comments:

Anonymous said...

Banks have memories and are risk averse. The coding, training docs, etc won't change that quickly. The administration may have been stopped but they'll get a dividend from doing this.

MamaLiberty said...

Merely threatening Reid with some vote is a piss poor "victory" in reality. Congress has not had any spine in a very long time, so this is no surprise. A game of blind man's bluff at best.

Anonymous said...

Hip Hip Hooray for the GOA!

The local man I think is most capable of repaying a bank loan happens to own a gun store. To use an old expression - he has more money than God.

- Old Greybeard