Fellowship of the Minds – by Dr. Eowyn
In the wake of the Sandy Hook
massacre hoax, the Obama regime and Congressional Democrats made every effort to effectuate gun control on the federal level — to no avail.
So the POS is now going the stealth route by driving gun manufacturers and retailers out of business via choking off their sales and bank credit.
Kelly Riddell reports for The Washington Times, May 18, 2014:
Gun retailers say the Obama administration is trying to put them out of business with regulations and investigations that bypass Congress and choke off their lines of credit, freeze their assets and prohibit online sales.
Since 2011, regulators have increased scrutiny on banks’ customers. The Federal Deposit Insurance Corp. in 2011 urged banks to better manage the risks of their merchant customers who employ payment processors, such as PayPal, for credit card transactions. The FDIC listed gun retailers as “high risk” along with porn stores and drug paraphernalia shops.
Meanwhile, the Justice Department has launched Operation Choke Point, a credit card fraud probe focusing on banks and payment processors. The threat of enforcement has prompted some banks to cut ties with online gun retailers, even if those companies have valid licenses and good credit histories.
“This administration has very clearly told the banking industry which customers they feel represent ‘reputational risk’ to do business with,” said Peter Weinstock, a lawyer at Hunton & Williams LLP. “So financial institutions are reactingto this extraordinary enforcement arsenal by being ultra-conservative in who they do business with: Any companies that engage in any margin of risk as defined by this administration are being dropped.”
A Justice Department representative said the agency is conducting several investigations that aim to hold accountable banks “who are knowingly assisting fraudulent merchants who harm consumers.”
“We’re committed to ensuring that our efforts to combat fraud do not discourage or inhibit the lawful conduct of these honest merchants,” the Justice Department said in a May 7 blog post.
But gun retailers say their businesses are being targeted in the executive branch’s efforts:
- T.R. Liberti, owner and operator of Top Gun Firearms Training & Supply in Miami, has felt the sting firsthand. Last month, his local bank, BankUnited N.A., dumped his online business from its service. An explanatory email from the bank said: “This letter in no way reflects any derogatory reasons for such action on your behalf. But rather one of industry. Unfortunately your company’s line of business is not commensurate with the industries we work with.”
- Black Rifle Armory in Henderson, Nevada, had its bank accounts frozen this month as the bank tried to determine whether any of Black Rifle’s online transactions were suspicious.
- In 2012, Bank of America suddenly dropped the 12-year account of McMillan Group International, a gun manufacturer in Phoenix, even though the company had a good credit history, the owner said. Gun parts maker American Spirit Arms in Scottsdale, Arizona, received similar treatment by Bank of America, the country’s largest banking institution. “This seems to be happening with greater frequency and to many more dealers,” said Joe Sirochman, owner of American Spirit Arms. “At first, it was the bigger guys — gun parts manufacturers or high-profile retailers. Now the smaller mom-and-pop shops are being choked out, and they need their cash to buy inventory. Freezing their assets will put them out of business.”
After McMillan Group owner Kelly McMillan publicized Bank of America’s action on his Facebook account, he found that thousands of small gun-shop owners across the country were in the same situation. Banks were either dropping them, freezing their accounts or refusing to process their online sales, so he opened a credit card processing company for the gun industry called McMillan Merchant Solutions.
“Four generations of my family have been in this industry. This is my way to give back,” said Mr. McMillan, adding that many of his customers were denied banking access because of the nature of their business. “This is an attempt by the federal government to keep people from buying guns and a way for them to combat the Second Amendment rights we have. It’s a covert way for them to control our right to manufacture guns and individuals to buy guns.”
Read the rest of the article, here.
8 thoughts on “Obama’s stealth gun-control by driving gun sellers out of business”
So…. if the business goes to cash, why would anyone bother to fill out the stupid background checks?
Most places still make you do a background check regardless of whether you pay in cash or not, unless it is bought from a non-dealer.
All the more reason to pay in cash. It’s not that hard. Just take the money out of your account and pay in cash.
Hi NC, diggerdan and I went for some gardening supplies at, yes I’m ashamed to say Walmart, paid cash and they insisted on providing them a phone number. I told them just put in 911 because you aren’t getting my phone number to sell to telemarketers. I said, “What, my cash isn’t good here?” Now I know why I stay away from Walmart and will pay extra just to avoid that hellhole full of the most intelligent shoppers around!
Ha yes, ya just got to tell them that you do not have a phone 😉
At this point digger, my “Give a Damn” button is busted when it comes to dealing with retards working at Walmart.
Yep Millard mine too, but they are really lauphable when ya through a simple question like the “I do not have a phone”. stops them in their tracks 😉
You can go with Digger’s idea (which is a good one) – OR – take the time to find out who the manager is (Gee, I’d like to talk to him/her; would you be so kind as to give me a number I can call???) –
There you go – a number you can give to your cash paying friends and neighbors.