Operation Choke Point Choked Out
By Douglas V. Gibbs
Author, Speaker, Instructor, Radio Host
While on the surface the idea of tackling payment processor fraud is commendable, the Operation Choke Point strategy is a direct attack on private commerce. Banks are already unconstitutionally highly regulated, and its gotten to the point that a great number of financial industry players and banks cannot afford the extra administration that accompanies a Choke Point subpoena.
Businesses need to be allowed to make their own business decisions without the threat of being required by regulators to jump through hoops.
The Department of Justice has officially closed down Operation Choke Point. In a letter to House Judiciary Committee Chairman, Bob Goodlatte (R.-VA), Assistant Attorney General Stephen Boyd confirmed that the Department of Justice has closed down all its initiatives that formed part of the Operation.
Source: http://politicalpistachio.blogspot.com/2017/08/operation-choke-point-choked-out.html
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