Tag: Sean Duffy

Republicans Verbally Bitchslap FDIC Chairman Over Despicable ‘Operation Choke Point’ (Videos)

FDIC Chairman Comes Under Fire During ‘Operation Choke Point’ Hearings – Fox News

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FDIC Chairman Martin Gruenberg came under fire Tuesday at a House subcommittee hearing over allegations that Operation Choke Point, a controversial federal law enforcement program, abused its authority by cutting off funding for targeted businesses.

During one exchange, Rep. Sean Duffy, R-Wisc., suggested Gruenberg step down as head of the Federal Deposit Insurance Corporation after Gruenberg was unable to answer questions about employees involved with Choke Point as well as specific allegations the agency overstepped its authority.

Duffy said the hearing was called to get answers directly from Gruenberg on what he knew, when he knew it and who has been held accountable.

“You are abusing your power and going after small businesses all over America,” Duffy said. He later added, “Bottom line, you are putting people out of business. They haven’t been fired, they haven’t been reprimanded.”

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Under Operation Choke Point, banks and other financial institutions were reportedly pressured to cut off accounts for targeted businesses that included gun stores, casinos, tobacco distributors, short-term lenders and other businesses.

Critics claim the program – overseen by the Justice Department, FDIC and other agencies – was used to squeeze legal companies that some politicians considered morally objectionable.

“Our concern is you have agencies in the Obama administration that are using government as a weapon and they going after industries and people that they don’t like,” Duffy, who co-chairs the Financial Services Subcommittee on Oversight and Investigations, said. “This is not the old Soviet Union or Venezuela or Cuba. I think it’s important for all Americans to stand up and push back on policies that are an abuse of government.”

Several members of Congress have openly called Operation Choke Point a blatant abuse of power, and an example of government bureaucrats appointing themselves morality police so they could operate around the law.

In response to the controversy, the FDIC put out a statement that said in part: “It is the FDIC’s policy that insured institutions that properly manage customer relationships are neither prohibited nor discouraged from providing services to any customer operating in compliance with applicable law… the FDIC has a responsibility to cooperate with other government agencies and to ensure that the banks we supervise are adhering to laws, including those governing anti-money laundering and terrorist financing.”

Initially, the FDIC put out a list of 30 high-risk businesses, but that list has since been rescinded.

The U.S. Consumer Coalition claimed taking down that list only removed a guideline, and without a specific list of businesses, the subjectivity of who gets targeted was increased.

Brian Wise, with the U.S. Consumer Coalition, points out the irony. “By shutting down the bank accounts of these legally operating businesses, what they’re actually doing is forcing these businesses to deal solely in cash, which is completely opposite of what they have said their intention is,” he said. “It’s a whole lot easier to launder money with cash than having to go through a financial institution.”

Wise said questioning the chairman of the FDIC is a good start, but the problem doesn’t end there. “We know that it doesn’t just stop with the FDIC. This is a program that includes the CFPB, FDIC, Department of Justice and may lead all the way up to the president,” he said.

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Again, understand there are some folks out there that will attempt to silence us by whatever means they can

The potential for violence is out there, and it will only grow the closer November 2012 gets. Robert has a video of a couple of would be thugs to illustrate

This post at “Screw Liberals got me thinking:

Monday, August 29, 2011
Bring It On Anarchists

Looks like the crazies are still up in Wisconsin.

“At a protest sing-along against Governor Scott Walker at the Wisconsin Capitol on Friday, a member of the Red & Anarchist Action Network (RAAN) held up a huge banner saying “Class War” and then delivered a message to someone filming the event: “All you f**king Tea Party Baggers, It’s coming, get ready.”

So what is the solution, I certainly do not want to “take it to the streets” but self-defense IS a fundamental right and perhaps a deterrent could  prevent any violence

Lets get to work organizing the Tea Party Protest Patriot Guard… Someone with a bigger readership than mine, needs to organize a war party, if it’s war they want I’m good with it…

We need a few good men/women to STAND between the Tea Party and these douchebags. I’m in… I’ll be getting a few good folks in my area together to provide a deterrent to these idiots…

Again, I see it like this. The Left will be looking to start something, either for intimidation purposes, or to create the image of “the violent tea Party” for the media, which would run with that story. So, what to do? Any thoughts?