Barack Obama slammed his fist in rage when Ted Cruz shut down this sinister scheme
Barack Obama set his sights on seizing as much power as possible as President.
But one part of his tyrannical legacy outlasted his Presidency.
And Barack Obama slammed his fist in rage when Ted Cruz shut down this sinister scheme.Former President Barack Obama was furious that Congress was blocking him from passing gun control during his second term.His Justice Department launched Operation Chokepoint as a backdoor attempt to infringe on Americans’ Second Amendment rights.
The Justice Department began investigating banks that did business with legally operating firearms dealers and other businesses that were deemed a risk for fraud and money laundering by the government.
The goal was to choke off firearms dealers from the banking system to put them out of business.Operation Chokepoint was shut down under former President Donald Trump after the government was forced to settle multiple lawsuits.
Obama’s legacy of trying to remove firearms dealers from the financial system was still being carried out by major Wall Street banks.
Intuit is the financial software company behind QuickBooks, the most popular accounting software used by small businesses.
Sen. Ted Cruz (R-TX) was alerted when Dawson Precision, a Texas company manufacturing firearm parts and accessories, had its payroll services canceled by QuickBooks.Staffers with Cruz, a member of the Senate Commerce Committee, launched an investigation into Intuit.
“My office became aware of these discriminatory policies when Dawson Precision . . informed my office that Intuit had, without warning, canceled its subscription to QuickBooks payroll services,” Cruz said. “Dawson Precision only discovered what had happened after it submitted payroll . . . Intuit later said that it canceled Dawson Precision’s account because, as a firearm manufacturer, it was in violation of Intuit’s acceptable use policy.”
Cruz’s staff discovered that Bank of America and JP Morgan were pressuring Intuit into enacting the policy against firearms.
JP Morgan “demanded that Intuit create and enforce bank policies regarding firearm sellers and manufacturers.”
Intuit uses third-party banks to help them handle the payroll services for small businesses.
JP Morgan admitted that they were behind the anti-firearms policy during a meeting with Commerce Committee staffers.
Officials with Intuit told the committee that Bank of America also placed restrictions on firearms in their policy for handling payroll for the company.
Two major Wall Street banks following the legacy of Obama used their financial muscle to attack firearms companies.
Intuit is backing off of its policy against servicing firearms companies after the investigation by Cruz.
“Intuit continually reviews and updates our policies to ensure they best serve the needs of our customers and remain compliant with all applicable federal and state laws,” an Intuit spokesman told Fox Business. “Our commitment to customers is unwavering, and we will continue to ensure our policies serve their needs.”
The fight over gun control is expanding from legislatures and the courts into the financial system.
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