3 weeks, 2 days ago
This report comes from The Daily Signal.
In early June, after Lichterman fought back and went public with his story—accusing the bank of participating in Operation Choke Point tactics by discriminating against him because he sells guns—HomeTrust Bank reversed its policy and offered Lichterman an account.
But on June 14, two days after an Islamist-inspired terrorist shot and killed 49 people and wounded 53 others in an attack at an Orlando nightclub, the bank again reversed its policy and told Lichterman he couldn’t use their services without completing an “addendum” demanding more information about his business.
The Daily Signal sought comment about this request from HomeTrust Bank via phone and email, but it did not respond.
Among other demands, the addendum, which Lichterman provided to The Daily Signal, asks Lichterman to “submit a complete list of all firearms and ammunitions vendors and customers” that he conducts business with. In part, it reads:
After the first/initial submission subsequent lists are to include all relevant parties since the date of last report. Each list is to specify personal and business names and associated FFL [federal firearms license] numbers and should indicate whether the individual/entity is new or repeat. The list must identify all firearms and ammunitions transaction entities regardless of whether HomeTrust Treasury Management ACH [automated clearinghouse] origination services are used for the transaction.
The list is due no later than the fifth day of the first month in each quarter.
This is a blatant attempt to shut him down, if not at the transactional level, at the legal. This kind of bullying by the federal executive is still commonplace. Frank Miniter reports the following.
Many executives at gun manufacturers have told me in off-the-record conversations that their longtime banking relationships have been threatened, even terminated, for political reasons. They say the Obama administration’s “Operation Choke Point” was only a government-led example of a trend. Operation Choke Point is an initiative run by the U.S. Department of Justice (DOJ); basically, the federal government, in this case via a list sent out by the Federal Deposit Insurance Corporation (FDIC), threatens to penalize financial institutions that do business with companies or company types the government says might be violating the law—this list previously included gun manufacturers and stores that sell firearms.
Even though they were targeted by the federal government and treated as if they are selling illegal (not just politically incorrect to some) products, most of these firearms-related companies prefer not to go public with their grievances—perhaps because they don’t want to draw the wrath of the federal bureaucracy, but also because most marketing departments and corporate boards naturally prefer to keep clear of controversy.
No one wants to rock the boat, and so the outrage continues. Now it has been expanded to knife manufacturers. Concerning Hogue, we have this report.
We were just informed that Wells Fargo Bank would not do business with us, refusing to provide their services based on the fact that we manufacture “weapons” (aka knives). Incredibly, this refusal came after THEY initially pursued us to gain our business. Once we had decided to go with Wells Fargo, they then pulled the plug saying they could not provide their services since we manufacture weapons…Needless to say, we are shocked and confused – considering their logo is a stagecoach and driver with a shotgun too! We felt we needed to inform the firearm and knife community of this discriminatory stance Wells Fargo has taken.
The lawyers who work for the DoJ are sworn officers of the court, and are supposed to live by a very specific oath. It wouldn’t be too much to demand that when this is all said and done, they all go public – every one of them, from the chief executive down to the lowest entry level lawyer who participated in this moral abomination – to stand in front of the world at a press conference and say, in unison, “I am a toad. I care nothing about the law or a righteous moral compass. I am unworthy to govern you, but I owe you my servitude. Therefore, I will be finding each and every company and person who was affected by this and working as your slave for a decade. Need your car washed? I’ll do it. Need pet-sitting? I’m there. Need legal paperwork done? Well, I’m probably not really qualified, but if you’ll let me earn your trust back I’ll do my best. Give me a small room and I’ll work for mere scraps of food. For a decade. Because I am a toad.”