Washington Times Operation Choke Point article

[Cnon]

The Washington Times is reporting that Operation Choke Point, run by the FDIC, have removed Payday lenders and gun shops from its radar.


It has according to the article,

“While we support the FDIC’s decision to remove the list of ‘high-risk merchants’ from the FDIC website, damage has already been done to countless businesses across the country who have already lost their bank accounts,” he added. “Whether the list is published on the FDIC’s website or not, we expect banks will still be fearful of doing business with these lawful industries.”

More here: http://www.washingtontimes.com/news/2014/jul/28/gun-retailers-payday-lenders-out-of-choke-points-c/


For discussion, has this program been as damaging as its opponents claim?


I say yes.


Cnon