The dark ages for American Freedom and Individual Rights. This administration has got to be stopped! m/r
Eric Holder's Money Shot :: SteynOnline
by Mark Steyn • May 28, 2014
It's not just Obamacare. In many other areas of life, Americans now enjoy considerably less freedom of maneuver than Europeans do. If it doesn't seem like that, it's because we've come up with a more cunning form of statism. In France a third of a century back, Mitterrand nationalized the banks. That's what socialists do. And people would kick up a fuss if Washington tried anything like that. So instead we've wound up with a kind of third-party statism, in which the zombie husks of private industry are conscripted as the front men for de facto nationalization. Except for the check design and debit-card color, it doesn't make any difference whether you go to the First National Bank of Deadsville, the Deadsville Savings Bank, or the Deadsville Community Bank: The answers are all the same, because they're all just operating the federal guidelines. It's like going to the North Deadsville DMV and thinking you'll get a different answer from the South Deadsville DMV.
How much power the government now has over the banks has emerged in recent coverage of something called "Operation Choke Point.
Glenn Reynolds:
A while back, some adult performers noticed that banks were terminating their accounts. The reason, it turned out, was a Justice Department program called "Operation Choke Point." This program, apparently, seeks to target businesses regarded as undesirable — like porn — by hitting them at a financial "choke point": their bank accounts.
So porn stars are finding it harder to get checking accounts. Debbie can do Dallas, but she can't do her banking at the Dallas Savings Bank. If you're not a pornography aficionado, you might treat that news with a shrug. But are there perchance other businesses the Justice Department regards as "undesirable"? Why, yes:
Targets include industries as diverse as ammunition sales, coin dealers, payday loans, "racist materials," etc. And, again, these are all legal businesses that haven't been charged with breaking any laws — the Justice Department just doesn't like them.
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