Quote of the day—Norbert Michel

For those unfamiliar, Choke Point consisted of bureaucrats in several independent federal agencies taking it upon themselves to shut legal businesses – such as payday lenders and firearms dealers – out of the banking system. Given the nature of the U.S. regulatory framework, this operation was easy to pull off.

Officials at the Federal Deposit Insurance Corporation (FDIC), for instance, simply had to inform the banks they were overseeing that the government considered certain types of their customers “high risk.” The mere implication of a threat was enough to pressure banks into closing accounts, because no U.S. bank wants anything to do with extra audits or investigations from their regulator, much less additional operating restrictions or civil and criminal charges.

It is now clear that these unelected government officials set out to harm law-abiding citizens. Yet many of the government officials named in these documents are still employed by the same government agency. Most of these folks work at the FDIC, and one has even moved up from a regional director position to FDIC Ombudsman.

Norbert Michel
November 5, 2018
Newly Unsealed Documents Show Top FDIC Officials Running Operation Choke Point
[That these people aren’t currently in prison making little rocks out of big rocks shows you “the swamp” still needs to be drained.—Joe]


One thought on “Quote of the day—Norbert Michel

  1. Operation Choke Point was run in the shadows. The commie left in charge of things like PayPal etc. have dropped all pretenses and now try to ban any and all
    commerce from companies or groups engaging in ANY activity they don’t approve of. Bitchute….a YouTube alternative just got shut off from access to
    payments from subscribers by PayPal….because PayPal doesn’t like it’s business model.

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