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Operation Choke Point also targets other legal businesses for political reasons
For the past several months, the U.S. Department of Justice has been pressuring banks to refuse service to businesses the DOJ is targeting politically, such as gun stores, in a program entitled Operation Choke Point.
Under the program, the DOJ, headed by Attorney General Eric Holder, is attempting to shut down various legal businesses, including firearm dealers, dating services, purveyors of drug paraphernalia and pornography distributors, by coercing financial institutions to close the bank and merchant accounts associated with these businesses.
BankUnited finally gave them a reason some time later.
“This letter in no way reflects any derogatory reasons for such action on your behalf, but rather one of industry,” wrote branch manager Ricardo Garcia. “Unfortunately your company’s line of business is not commensurate with the industries we work with.”
And it isn’t just gun stores that the Justice Dept. is targeting.
Last week, Xbiz, a news outlet pertaining to adult entertainment, reported that Chase Bank was sending out letters to hundreds of porn stars notifying them that their accounts would be terminated.
“I got a letter and it was like please cancel all transactions, please fix your automatic pay account and make sure everything’s taken care of by May 11,” actress Teagan Presley told Xbiz. “I called them and they told me that because I am, I guess, public and am recognizable in the adult business, they’re closing my account.”
“Even though I don’t use my account, it’s my personal account that I’ve had since I was 18, when it was Washington Mutual before Chase bought them out.”
And when Presley went to Bank of America to open a new account, the bank also turned her away.
originally posted by: seeker1963
a reply to: guohua
The gun thing I get! Obama and Holder haven't kept it a secret that they want to destroy the 2nd!
The porn thing though????
Hmmmmm, maybe their is a Muslim association with our POTUS!
Stymied by Congress in his gun control efforts, President Obama told a group of big-city mayors Tuesday that he would take more executive actions to reduce gun violence.
The closed-door meeting at the White House included Attorney General Eric H. Holder Jr., who discussed “strategies to reduce youth violence,” the White House said in a statement.
Mr. Obama “vowed to continue doing everything in his power to combat gun violence through executive action and to press Congress to pass common-sense reforms like expanding the background check system and cracking down on gun trafficking,” the White House said in a statement.
Among those attending the session were Mayor Cory Booker of Newark, N.J., a Democratic candidate for U.S. Senate; Philadelphia Mayor Michael Nutter; Washington, D.C., Mayor Vincent Gray; New Orleans Mayor Mitch Landrieu; Mayor Jean Quan of Oakland, Calif.; Baltimore Mayor Stephanie Rawlings-Blake, Mayor Sly James of Kansas City, Mo.; Mayor Molly Ward of Hampton, Va., and Atlanta Mayor Kasim Reed.