Unable to get its anti-gun legislation enacted, the Obama administration is bypassing Congress by classifying gun retailers as ‘high-risk’ businesses for bank loans
According to the Washington Times, Obama is finding ways of bypassing Congress to nullify the Second Amendment rights of law abiding citizens. In this case, the Federal Deposit Insurance Corporation has notified banks that gun retailers are ‘high-risk’ businesses, thereby cutting off the loans needed for them to stay in business.
The Justice Department is also doing its part to cripple the financial wellbeing of gun sellers by launching a new program called Operation Choke Point, a credit card probe targeting banks and payments processors such as PayPal. That program has resulted in banking and credit institutions ending their association with online gun retailers.
FDIC acting general counsel Richard Osterman informed banks that many gun merchants engage in money laundering and other criminal activities, thereby creating "litigation risk and reputation risk for financial institutions."
In putting gun retailers out of business, Obama is obviously getting even with the pro-gun members of Congress who blocked the enactment of his gun control proposals. By making it harder for law abiding citizens to obtain any firearms, Obama is, to a certain extent, nullifying the Second Amendment.
1 comment:
They are also after pay-day lenders, head shops and gun and gun parts manufacturers. Porn producers and purveyors too. All of which are legal businesses.
Post a Comment