“Operation Choke Point”

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MrMoss

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Mods if this is in the wrong section please feel free to move.

Just read this article located here

http://www.cryptocoinsnews.com/news...point-driven-30-industries-bitcoin/2014/05/01

I don't know what it is like on the other side of the sales counter. Would appreciate feedback from people in the business. What is an average expected charge back rate (for those who take credit cards)? I also (mistakenly?) thought DOT regulations prohibited returns on ammo. Almost all ammo sites seem to state all sales are final.:confused:

My first reaction was to think that this was some form of back door gun control. Is my tinfoil hat on too tight?:

"Never try to teach a pig to sing- it wastes your time and annoys the pig." - Lazarus Long
 
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The Department of Justice (DOJ) is strongly encouraging banks and third party payment processors to close the accounts of individuals and businesses associated with certain high-risk merchant categories such as [...] firearms/ammunition sales[...]
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This seems pretty serious. Like that company that BoA dropped because they made gun stocks, but with the blessing of el Fed.

But this explains better what the FDIC means by businesses that are 'high risk': http://www.fdic.gov/regulations/examinations/supervisory/insights/sisum11/managing.html

These disreputable merchants use payment processors to charge consumers for questionable or fraudulent goods and services. Often a disreputable merchant will engage in high pressure and deceptive sales tactics, such as aggressive telemarketing or enticing and misleading pop-up advertisements on Web sites. For example, consumers should be cautious when Web sites offer “free” information and ask consumers to provide payment information to cover a small shipping and handling fee. In some instances and without proper disclosure, consumers who agreed to pay these fees, often found their bank accounts debited for more than the fee and enrolled in costly plans without their full understanding and consent.
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How the heck do gun companies qualify as that? It seems firearms/ammo sales may have been added for political reasons rather than logical ones.
(Other than CTD :rolleyes:) I have never met a gun company that didn't meet or exceed my expectations in every way.
 
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Our President said he would exercise any means available to get more gun control enacted. Why should this be surprising? It's exactly what he said he would try to do.

And on the matter of some ammo sellers, they aren't all upstanding business members. There ARE some notorious online vendors who have been known to accumulate an order for a particular vendor over months before placing it, and the purchaser waits nearly a year to receive shipment. In their favor, they never bill before shipment. Nonetheless, they have a reputation, and that lets them in for being mentioned, at least from the perspective of the writer's of this policy.

There is, of course, another trend - take a certain online bid auction service who refuses any firearms sales. They also offer their own credit card service to expedite transactions. If you are a gun enthusiast and defender of the 2A, financing the operation of said enterprise that refuses to sell you a firearm or the parts, why?

They can try to cut off our business, we shouldn't have been doing business with them anyway. Of course, reality is that it isn't that easy, as both parties eventually find out. The Law is the final determination. And groups of teachers who may not like their retirement investments in firearms companies have discovered it's really hard to divest themselves of it precisely because it runs counter to common sense. Oops, they could lose money.

And, it's all about the money. As long as their is money to be made, don't expect things to go too far. A businessman isn't about to cut off his nose to spite his face. Trying to explain to a Board that they don't want a piece of the lucrative action and are working to move away from making a profit isn't an easy sell. They will just transfer the monkey motion to a subsidiary and then claim they took the high road, while still raking it in.

These guys aren't fools.
 
Great, .gov is using yet another department as a weapon against perceived "enemies of the state" while demonizing them and us at the same time by lumping us in with scammers and scemers.

I'm not surprised but it's deflating to know that no one will lose their jobs over this. Look how long it's taken to sort of get ONE IRS person found in contempt for targetting "undesirables."
 
^ good advice, now tell that to about 40,000,000 more people and we should be good.

Free enterprise, capitalisim blah blah blah.

They need to find new banks. Also it clearly states that these actions were "encouraged" and the banks were put under pressure to enact this behavior.

Pressure and encouragement by the DOJ does not make it law and ultimately the problem is the banks.
 
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