One of the more despicable things governments do is meddle in business to pick winners and losers. It's one thing to make conditions favorable for some business, but to deliberately try to hurt businesses is an ugly side of government that we shouldn't have to experience.
In the case of the Obama administration, it's entire industries that gets targeted for failure. It's the gun industry. For example, Washington Times tells the story: ‘High risk’ label from feds puts gun sellers in banks’ crosshairs, hurts business.
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.”
The FDIC had previously categorized gun retailers as “high risk.” So the banks, ever wary of the power of government regulators, are dumping their gun business customers.
The government fights dirty. Exhibit A: "Operation Choke Point.".
Progressives who think this is a good thing really shouldn't be so gleeful. If there's ever any real justice at the Department of Justice someday they'll target the people behind those fraudulent "green" companies that soak up largess.
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