Galt's Gulch

DoJ strong arms banks into denying loans to certain industries

Posted by Non_mooching_artist 10 years, 5 months ago to Legislation
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And I know for a fact that this has been happening, because the line of credit was withdrawn by the bank that handles it where my husband works. When alternate funding was sought out, it was the same answer from many if the large banks. Cronyism in the extreme.
SOURCE URL: http://freedomoutpost.com/2014/07/operation-choke-point-hearing-reveals-doj-threats-strong-arming/

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  • Posted by $ winterwind 10 years, 4 months ago
    With the legalization of marijuana in Colorado, we're seeing a lot of stories about this, because most banks will not allow them to open accounts. Many of the growers/distributors have armored trucks & Guards stop by to take their cash {BIG STACKS of it] to those few banks which will deal with them. It's like putting a "shoot here" sign on your front door.
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    • Posted by Non_mooching_artist 10 years, 4 months ago
      It's pathetic that they don't allow them to do business with those banks. I would open my own. Feds keep out. Private bank. The pot industry is legal there. The banks should be doing business with them.
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  • Posted by ISank 10 years, 5 months ago
    I read about that effort about a month from a small gun business. I was appalled that the State here after call "leviathan" would have such ambition to pursue this agenda.
    Starve the Leviathan!

    Hey screw the pig, it's the weekend, get outdoors or do whatever makes your heart sing!
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