Justice Department Harasses, Punishes, and Tries to Destroy Legal Businesses Through Banks

The Department of Justice has its own secret drone program—it is called Operation Chokepoint and its drones are banks.  According to Jason Oxman in The Hill, the department is attacking “disfavored – but legal – categories of merchants by targeting our nation’s payments systems.” So now we can go after “disfavored, but legal” businesses by making banks refuse to do business with them. The “chokepoint” in this operation is the nation’s payments infrastructure, the means Read more […]

Your Taxes Go To Subsidize Government As Payday Lender

I hate the payday loan industry. So you might be tempted to think I would think I have something in common with the Obama Administration that is working overtime to demonize this industry. But you would be wrong. Recently, the Heritage Foundation blog explained what is wrong with the government’s criticism. The government, it turns out is trying to become a payday lender. Naturally, payday lenders’ competitors don’t argue that these loans shouldn’t be made at all. Instead, they want to make Read more […]