Brian Wise: 'Operation Choke Point' is Fundamentally Changing Commerce for the Worse
The Obama Administration has launched a program called "Operation Choke Point" with the justification of preventing consumer fraud, but legitimate businesses including those in the firearms, lending, tobacco and gambling industries are losing their bank accounts and ability to stay in business. "This fundamentally changes the liability that banks have when they do business with their customers . . . If you could imagine, now the bank that a certain casino does business with, that bank is now liable for not only knowing how that casino is receiving their money, but it's also now liable for knowing how the casino's clients are receiving their money."