New Chokepoint targets

Discussion in 'Legal' started by Tirod, Mar 31, 2015.

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  1. Tirod

    Tirod Member

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    I've been skeptical about Chokepoint before, but in this case the evidences seem to be much more substantiated.

    http://weaponsman.com/?p=21748

    Number of accounts and potential number of businesses that may or may not be solvent remains to be seen. Nonetheless from the first glance it appears that this financial institution has no good reason to cut them off.
     
  2. joem1945

    joem1945 Member

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    It may be a good idea to check your financial holdings to see if you have any money invested SunTrust banks. If you do consider moving it to somewhere else.
     
  3. Jeff82

    Jeff82 Member

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    My home loan is with them. I'm stuck.
     
  4. OilyPablo

    OilyPablo Member

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    I've been bringing up Operation Chokepoint on various forums the last year or so.

    I was under the impression Congress was investigating and firearms were coming off the list. Apparently not.
     
    Last edited: Apr 3, 2015
  5. oneounceload

    oneounceload member

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    I have no issues with Suntrust or BOA or any of the others; find another bank who WANTS your business.
     
  6. LemmyCaution

    LemmyCaution Member

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    MOS 11BS for certain.
     
  7. Twiki357

    Twiki357 Member

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    Unfortunately, it’s not the banks, it’s the pressure being brought by the bank regulators (Comptroller of the Currency) at the direction of the obama administration.

    I’m not sure, but I believe there is a bill working it’s way through congress to prohibit this practice.
     
  8. Tirod

    Tirod Member

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    That bill has been discussed as if it already passed. Apparently not. What did happen was the FDIC issued a Financial Institution Letter on 29 Jan 2015 promoting a risk based assessment instead of accepting the Administration's political agenda.

    The media proclaimed OP Choke Point dead.

    Apparently not. So much for Forbes and the Washington Times.

    The previous bill was reintroduced in early February and this is apparently the Administration's response. It would seem that SunTrust is now in defiance of the FDIC's advice on the matter. Likely nothing will fix it until a law forces change.
     
  9. OilyPablo

    OilyPablo Member

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    Agree with Tirod. Contact your Congress critters.
     
  10. Ryanxia

    Ryanxia Member

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    'MURICA!
  11. Tirod

    Tirod Member

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    I thought Congress had passed it.

    Apparently SunTrust is just doing it on it's own to allow deniability. I suspect like a lot of other things the Administration has no records or emails with any SunTrust official of any conversation on the subject.

    Not even on someone's personal email server.
     
  12. we are not amused

    we are not amused Member

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    While it is quite possible that SunTrust is doing this on it's own, it is quite probable that Operation Chokepoint continues in violation of the Law. This President has never seemed particularly bound by the Rule of Law.

    After all, what is the pusillanimous Republican controlled Congress going to do about it? They ran on a specific pledge to stop Obama on a number of issues, and they caved on every one of them.

    Hopefully, someone in the Banking industry or the gun industry will file suit against the Administration to stop this practice. Although winning such a suit may no more stop Obama than Congress has.
     
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