As I reported here a few weeks ago, following up on a story originally broken here, the federal government took it upon itself to try to kill legitimate businesses by choking off their banking access.
Operation Choke Point was originally targeted at payday lenders such as First Cash Financial Services (FCFS), Cash America (CSH), DFC Global (DLLR), QC Holdings (QCCO) and EZCorp (EZPW). Since then, other sources have reported that the program targeted pornography producers and actors, online gaming companies, and gun and ammunition manufacturers.
Regardless of your own personal feeling towards any of these businesses, every American should be disturbed that the federal government is trying to kill legal businesses simply because it doesn’t like them. Read