Obama's Weaponization of Government
...There are the new revelations about the Administration intimidating banks to prevent them from doing business with a number of legitimate businesses. The until recently covert Operation Choke Point administered through the Departments of Justice and Treasury is already having an impact on the financial industry and other legitimate businesses the Administration is targeting. According to the Wall Street Journal, J.P. Morgan , has been forced to cut ties with thousands of customers in the last year. Sources indicate that out of fear of government scrutiny, the bank is ending relationships with customers even if there isn’t any sign that the customer has done anything wrong. Other major banks have stopped offering certain popular, legal products or services because of government pressure.
Documents inadvertently leaked by the Department of the Treasury from a briefing on Operation Choke Point clearly show that the Administration is looking to significantly impact legal businesses because it believes the public needs to be protected from industries and customers deemed more likely to engage in criminal activity. According to the Administration, those industries interestingly include ammunition sales, gun sales, home-based charities, gambling, pharmaceutical sales, short-term loans, raffles, Amway and Mary Kay-style sales businesses, and credit repair services.
The Administration is refusing to answer any Congressional inquiries about Operation Choke Point.
Then there’s the Consumer Financial Protection Bureau, once headed by Elizabeth Warren, also now a key cog in the Obama Administration’s effort to regulate industries and personal decision-making. The CPFB is rapidly becoming, next to the Justice Department, the Administration’s agency of choice for extending the reach of government into our daily lives and stretching the limits of the law. Unfortunately for Americans, this little-known agency is housed as part of the Federal Reserve so it exists outside of the direct pervue of Congress. How convenient for the President.
As the Washington Examiner’s Richard Pollack recently reported, “they assume all businesses are predatory,” which allegedly gives them the ability to collect up to 96 separate data points from more than 1 billion credit cards. That’s right – your government is now keeping tabs on how you spend your money.
Congress has asked CFPB questions about the consumer “snooping” program and has been given little in response. The head of CFPB Richard Cordray did however inform Members of Congress that Americans cannot opt out or prevent this personal data collection. That leaves us with the question – “Who’s going to protect us from the CFPB?”...