This is now a National Socialist thread
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Topic: Operation Choke Point (Read 1188 times)
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Operation Chokepoint has been going on forever. It has seriously hurt the payday lending industry. It has made opening up a business bank account very hard for anyone engaged in any type of financial service even if it's totally legal. It has affected many people I know.
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This is now a National Socialist thread
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legendary
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Core dev leaves me neg feedback #abuse #political
"operation" meaning extra legal measures that control freak bureaucracies try to do... read the wiki article. the operation was even criticized by politicians and had counter measures taken against it. they agreed banks should not be used to control business...so settle down, stop freaking out. 
Can government do this? I thought bank is private and need not listen to government.
Apparently the government via the banks is trying to stop businesses they do not like by shutting off their payment processors and bank accounts.
The following industries were on the list:
...
The following industries were on the list:
...
Where did you get this news from? Source? Link?
Don't see banks being too happy about voluntarily freezing/closing such accounts. Some of those industries are pretty large.
Any thoughts on a solution to these merchants getting cut off from the banking system?
Ahh, forgot the link. I saw it on Stossel but got the list from wikipedia. Updated the OP with link.
Hmm. Dunno. Is RonPaulCoin still around?
Well, many of those "businesses" are scams...
Apparently the government via the banks is trying to stop businesses they do not like by shutting off their payment processors and bank accounts.
The following industries were on the list:
...
The following industries were on the list:
...
Where did you get this news from? Source? Link?
Don't see banks being too happy about voluntarily freezing/closing such accounts. Some of those industries are pretty large.
Any thoughts on a solution to these merchants getting cut off from the banking system?
Hmm. Dunno. Is RonPaulCoin still around?
The following industries were on the list:
Ammunition Sales
Cable Box De-scramblers
Firearms Sales
Mailing Lists/Personal Info
Pharmaceutical Sales
Surveillance Equipment
Tobacco Sales
kind of odd, as the short list i just shown in the quote are ways that government make money via their privatized partners, of which i think about 90% of government employee's have a vested interest in keeping in operation.
Cool, lets specifically market Bitcoin to scammers.
well ... in European Countries, they already do this (to owner or seller that deal with bitcoin high rates = more than 1500 USD per month). 
Apparently the government via the banks is trying to stop businesses they do not like by shutting off their payment processors and bank accounts.
-snip-
Surveillance Equipment
-snip-
Any thoughts on a solution to these merchants getting cut off from the banking system?
-snip-
Surveillance Equipment
-snip-
Any thoughts on a solution to these merchants getting cut off from the banking system?
So the NSA (et al.) will have to pay with bitcoin now?
Paypal?
They're getting their PayPal pro accounts shut down (the accounts that allow you to accept credit cards)
Paypal?
Apparently the government via the banks is trying to stop businesses they do not like by shutting off their payment processors and bank accounts.
http://en.wikipedia.org/wiki/Operation_Choke_Point
The following industries were on the list:
Ammunition Sales
Cable Box De-scramblers
Coin Dealers
Credit Card Schemes
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Escort Services
Firearms Sales
Fireworks Sales
Get Rich Products
Government Grants
Home-Based Charities
Life-Time Guarantees
Life-Time Memberships
Lottery Sales
Mailing Lists/Personal Info
Money Transfer Networks
On-line Gambling
Payday Loans
Pharmaceutical Sales
Ponzi Schemes
Pornography
Pyramid-Type Sales
Racist Materials
Surveillance Equipment
Telemarketing
Tobacco Sales
Travel Clubs
Any thoughts on a solution to these merchants getting cut off from the banking system?
http://en.wikipedia.org/wiki/Operation_Choke_Point
The following industries were on the list:
Ammunition Sales
Cable Box De-scramblers
Coin Dealers
Credit Card Schemes
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Escort Services
Firearms Sales
Fireworks Sales
Get Rich Products
Government Grants
Home-Based Charities
Life-Time Guarantees
Life-Time Memberships
Lottery Sales
Mailing Lists/Personal Info
Money Transfer Networks
On-line Gambling
Payday Loans
Pharmaceutical Sales
Ponzi Schemes
Pornography
Pyramid-Type Sales
Racist Materials
Surveillance Equipment
Telemarketing
Tobacco Sales
Travel Clubs
Any thoughts on a solution to these merchants getting cut off from the banking system?
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