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To: Bill who wrote (782565)4/29/2014 11:55:30 AM
From: TideGlider2 Recommendations

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Bill
TopCat

  Respond to of 1576884
 
It is time to end these diseases.
www.TermLimitsforUSCongress.com








To: Bill who wrote (782565)5/2/2014 9:34:22 AM
From: joseffy  Respond to of 1576884
 
'Operation Choke Point': Way Out of Control
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William M. Isaac APR 22, 2014
americanbanker.com

The Justice Department's "Operation Choke Point" is said to be targeted at online payday lenders that lend into states that prohibit payday lending. But the operation is being pushed far beyond its stated objectiveof targeting online payday lenders violating state laws and is having potentially devastating impact on lawful check cashing and small loan businesses. This in turn will cut off tens of millions of people from much needed access to money to meet emergency needs.According to the Washington Post (" Banks to payday lenders: Quit the business or we'll close your account," Danielle A. Douglas, April 11, 2014), one large bank informed a small financial firm in Minneapolis to get out of the payday lending business within 30 days or the bank would discontinue providing banking services to the firm.

Another much larger diversified financial firm — let's call it "FinCo" to protect the innocent — received the following letter from another large bank earlier this month:

Providing quality service to our clients has been one of the keys to our success at [Gotham Bank]. Toward that end, we are committed to understanding, and satisfying, the needs of our clients. Unfortunately, difficult decisions are sometimes necessary in order to accomplish these important goals. Gotham Bank has made the decision to exit the business of providing commercial banking services to check cashers and related businesses. ...

Based on the foregoing, please be advised that we are exercising our right ... to terminate your account relationship, effective July 30, 2014.

Please make arrangements to close the accounts listed on the attached schedule, and have any direct deposits and/or automatic debits re-directed, by the Termination Date. ...

Also, in conjunction with the above, we are hereby notifying you [that the Treasury Master Service Agreement between your company and Gotham Bank] shall be terminated as of the Termination Date.
The Gotham Bank officer signing the letter added a personal handwritten note to the chief executive officer of FinCo: "[John] — I am so sorry that we have made this change. I have always enjoyed working with all the folks at FinCo. ..."

No matter what your personal view may be of payday lending or check cashing services, Operation Choke Point should be both alarming and repugnant. It is a direct assault on the democratic system and free-market economy that have made the United States the most powerful and prosperous nation in world history.

Without color of law and based on a political agenda, unelected bureaucrats at the Department of Justice are coordinating with some bank regulators to deny essential banking services to companies engaged in lawful business activities.

Bankers operating under the yoke of an oppressive regulatory regime are being cowed into compliance.

If lawful payday lenders and check cashers can be driven out of the banking system because someone in the government doesn't like them or what they do, what lawful businesses are next?

Thankfully, 23 members of Congress (Democrats and Republicans alike) have co-signed a letter to the Department of Justice expressing their deep concerns about Operation Choke Point driving lawful businesses out of the banking system. According to American Banker, state banking commissioners are adding their voices in oppositionto federal agencies attempting to deny essential banking services to lawful, state-licensed firms.

It's time for the rest of us to get involved in this battle before we lose the freedoms that have made our country the most successful nation — with the strongest and most vibrant banking system — in the world. The place to debate whether payday lending or any other business should be allowed to operate and have access to the banking system is in the halls of Congress and state legislatures, not in the backrooms of government bureaucracies.

It doesn't seem to count for anything at the Justice Department, but Congress debated payday lending during the Dodd-Frank deliberations and concluded it is a service utilized and needed by millions of people, so it should not be eliminated and should be regulated by the Consumer Financial Protection Bureau.








Mr. Isaac, a former chairman of the Federal Deposit Insurance Corp., is senior managing director and global head of financial institutions at FTI Consulting. Mr. Isaac and his firm provide services to many clients, including some short-term lenders.







Comments (22)



Bravo Bill Isaac. While Bill and I often disagree on issues, he nails it on this one and we are of one accord. DOJ's "Operation Choke Point" is more appropriate to 1930's Germany than to 2014 America. The only thing this DOJ operation is choking is the freedom of millions of Americans. More thought leaders need to stand up to this dangerous and misguided policy.

Posted by commobanker | Wednesday, April 23 2014 at 8:23AM ET




Thanks for standing, Bill Isaac. Defacto law making by out of control, politically oriented regulatory agencies must have the bright light of due process intensely focused on the abuse of power and position at its core.

Posted by AllThingsUnderbanked | Wednesday, April 23 2014 at 9:08AM ET


Thank you Mr. Isaac for going on the record. If only these bureaucrats would get on the receiving end of phone calls from consumers in desperate need of emergency financial help - fixing their car, paying a utility bill, filling a prescription for their medicine - they would allow Congress and the States and their constituents to determine the best course of action in regards to small dollar lending availability.

Posted by Jer Trihouse | Wednesday, April 23 2014 at 4:32PM


@Commobanker -- We always appreciate your passionate comments but please be judicious when making historical analogies. Operation Choke Point raises troubling questions about prosecutorial and regulatory zeal and due process, as Bill Isaac ably describes. Comparing it to Nazi Germany is a little over the top, though, and potentially offensive to Holocaust survivors, who endured much worse than petty bureaucrats. One can criticize without demonizing. Regards, MH

Posted by Marc Hochstein, Executive Editor, American Banker | Thursday, April 24 2014 at 2:00PM ET

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To: Bill who wrote (782565)5/2/2014 9:47:01 AM
From: joseffy3 Recommendations

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Bill
FJB
TideGlider

  Respond to of 1576884
 
Tech Companies Refusing To Keep Quiet On Subpoenas (for your accounts)

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Red State ^
| May 1st, 2014

The low level griping about law enforcement subpoenas requesting user information and instructing companies to not tell the subjects of the subpoenas has burst into full fledged rebellion.

From the Washington Post:

"This increasingly defiant industry stand is giving some of the tens of thousands of Americans whose Internet data gets swept into criminal investigations each year the opportunity to fight in court to prevent disclosures. Prosecutors, however, warn that tech companies may undermine cases by tipping off criminals, giving them time to destroy vital electronic evidence before it can be gathered."

Now Apple, Microsoft, Facebook, and Google have joined Yahoo in saying they will notify anyone whose accounts are the subject of an investigative diploma unless they receive a judicial gag order.

As citizens rely more and more on technology to communicate and store personal information, the abusive use of investigative subpoenas has become endemic.

Often investigators request enormous amounts of information and bully ISPs, etc., into keeping quiet about the subpoena denying the subject the opportunity to challenge the request in court.

As the Post notes:

"As this position becomes uniform across the industry, U.S. tech companies will ignore the instructions stamped on the fronts of subpoenas urging them not to alert subjects about data requests, industry lawyers say. Companies that already routinely notify users have found that investigators often drop data demands to avoid having suspects learn of inquiries.

“It serves to chill the unbridled, cost-free collection of data,” said Albert Gidari Jr., a partner at Perkins Coie who represents several technology companies. “And I think that’s a good thing.”

Naturally, the government is not amused that their backdoor to the Fourth Amendment has been taken away.

“These risks of endangering life, risking destruction of evidence, or allowing suspects to flee or intimidate witnesses are not merely hypothetical, but unfortunately routine,” department spokesman Peter Carr said,citing a case in which early disclosure put at risk a cooperative witness in a case. He declined to offer details because the case was under seal.

In other words, its secret and if I told you I’d have to kill you.

It is a sad state of affairs when we’ve come to the point that law enforcement is no longer assumed to be acting in good faith and the abuse is so widespread that virtually all the major technology players have ceased cooperation.

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To: Bill who wrote (782565)5/2/2014 1:32:16 PM
From: joseffy1 Recommendation

Recommended By
TideGlider

  Respond to of 1576884
 
Judges and Voter ID (Wisconsin)
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National Review Online ^ | May 2, 2014 | Hans A. von Spakovsky


If the state provides free IDs, is there really an “unjustified burden” on poor voters?

To better understand the contrast between an activist, liberal judge who refuses to follow the law and a judge who understands that his job is to follow precedent and the Constitution, consider two recent federal cases on voter-ID laws.

On Tuesday, federal-district-court judge Lynn Adelman — a Clinton appointee, former Democratic state senator, and former Legal Aid Society lawyer — held that Wisconsin’s voter-ID requirement violates Section 2 of the Voting Rights Act, as well as the Fourteenth Amendment, because it places “an unjustified burden on the right to vote.”

This decision has gotten a great deal of attention in the mainstream press (or the drive-by media, as Rush Limbaugh likes to calls them).What got almost no attention was a decision by another federal district court in Tennessee on February 20 over that state’s voter-ID law. In that case, Judge Ronnie Greer upheld voter ID as constitutional.

The problem with Judge Adelman’s holding in Wisconsin is that the U.S. Supreme Court has already determined that voter-ID laws such as Wisconsin’s do not impose “an unjustified burden” on the right to vote. In 2008 in Crawford v. Marion County Election Board, the Supreme Court upheld the constitutionality of an ID law in Indiana that was even stricter than Wisconsin’s law.

In Crawford, the Supreme Court said that, since Indiana provided a free ID to anyone who didn’t already have one, “the inconvenience of making a trip to the BMV, gathering the required documents, and posing for a photograph surely does not qualify as a substantial burden on the right to vote, or even represent a significant increase over the usual burdens of voting.” And Wisconsin provides a free ID just as Indiana and Tennessee do.

But here is where the contrast between two styles of judging are manifest: Adelman claimed that Crawford was “not binding precedent” when it comes to applying the balancing test between a claimed injury to the right to vote and a state statute regulating elections, because the Supreme Court was supposedly “fragmented” on this issue.

Compare that to Judge Greer in Tennessee, who did what he is supposed to do as a federal trial-level judge — follow precedent and the holdings of the Supreme Court. As Judge Greer said, “Whether the plaintiff likes it or not, Crawford is the controlling legal precedent.”

While there were some minor differences between the Tennessee and Indiana statutes, Judge Greer concluded that they were “virtually identical”’ for the purpose of applying the Supreme Court’s finding in Crawford, because “none of the differences cited by plaintiff have any real constitutional significance.”

Judge Adelman summarily dismissed the rationales that Wisconsin put forward to justify its voter-ID law — the same rationales the Supreme Court concluded in Crawford were legitimate legislative concerns. These included preventing in-person voter-impersonation fraud, promoting public confidence in the integrity of the electoral process, deterring other types of voter fraud, and promoting orderly election administration and accurate record-keeping.

Adelman made much of the fact that there was a lack of evidence of impersonation fraud in Wisconsin and cited that as a reason for tossing out the statute. This also directly contradicts the Supreme Court’s ruling in Crawford. However, as Judge Greer pointed out in response to the plaintiffs’ argument that Tennessee must provide “empirical evidence of the existence of in-person voter impersonation fraud” before it could implement such a law, “the Crawford decision is dispositive on this issue in the context of an election law case.”

Even though Indiana presented no evidence of in-person voter-impersonation fraud actually occurring in the state, the Supreme Court found that “flagrant examples of such fraud in other parts of the country have been documented throughout this Nation’s history by respected historians and journalists,” and Indiana’s own experience with absentee-ballot fraud in a 2003 Democratic primary “demonstrates that . . . the risk of voter fraud [is] real [and] that it would affect the outcome of a close election.”

Greer said that the plaintiff’s “allegations of Tennessee’s lack of empirical evidence of in-person fraud or that requiring photo identification will reduce it are irrelevant.” As the Supreme Court concluded, “while the most effective method of preventing voter fraud may well be debatable, the propriety of doing so is perfectly clear.”

Perfectly clear to Judge Greer, but not to Judge Adelman, who, in essence, refused to accept the Supreme Court’s finding on all these issues and spent 90 pages trying to justify his defiance of binding Supreme Court precedent.

It is also interesting to note that Adelman bases his erroneous conclusion that a voter-ID law will suppress the votes of minorities and the poor on the prediction of supposed “experts” such as a “statistical marketing consultant.” These are exactly the same types of hysterical predictions that were made eight years ago by “experts” in the unsuccessful federal lawsuits filed against voter-ID laws in Indiana and Georgia.

The evidence of what has actually happened in those states, which have had voter-ID laws in place since the 2008 election, shows that, contrary to Adelman’s conclusions, minority turnout was not suppressed by voter-ID requirements. Indeed, it went up after the voter-ID laws were implemented.

And, according to the U.S. Census, Wisconsin’s demographics are almost identical to Indiana’s. In fact, Indiana has a slightly larger black population (9.4 percent vs. 6.5 percent) as well as Hispanic population (6.3 percent vs. 6.2 percent) than Wisconsin. In Indiana, blacks outvoted whites by ten percentage points in the 2012 election. In Georgia, blacks outvoted whites by one percentage point. In Tennessee, whose voter-ID law was in place for the first time in the 2012 election, blacks outvoted whites by four percentage points, according to the Census report on turnout by race in every state.

It appears that Judge Adelman studiously ignored actual evidence of the effect of voter ID on the turnout of minority voters in other states. Instead, he relied on the speculations of “experts” — who made the same predictions as experts in other voter-ID cases who have been repeatedly proven wrong — to reach his conclusion that Wisconsin’s voter-ID law, even with a free ID available, will have a disparate impact on black and Latino voters because it will “impact low-income voters.” Not only is that factually unsupportable, but “low-income voters” are not even a protected class under Section 2 of the Voting Rights Act, which prohibits racial discrimination in voting.

Unlike Judge Adelman, Judge Greer properly concluded that the “Supreme Court’s ultimate holding in Crawford dooms plaintiff’s constitutional challenges.” It is true that Adelman also found a violation of Section 2 of the Voting Rights Act, which was not at issue in the Crawford case. But Adelman himself said that the “Section 2 analysis is largely identical to the unjustified-burden analysis” under the constitutional claim.

Since the Supreme Court had already decided that a voter-ID requirement is not an “unjustified” burden on voters, Adelman’s conclusion to the contrary under both Section 2 of the Voting Rights Act and the Constitution runs directly counter to the higher court that he is supposed to follow.

So we have two federal judges, one of whom followed Supreme Court precedent, and one of whom refused to do so. And whose opinion has gotten the most attention and is being praised by the New York Times and the liberal cognoscenti? Why, Judge Adelman’s, of course.

Adelman’s decision will be reviewed by the Seventh Circuit Court of Appeals — the very same court that upheld Indiana’s voter-ID law in 2007, before it went to the U.S. Supreme Court and was affirmed. We may hope that it will give his latest opinion the short shrift it deserves and overturn it so that the opponents of election integrity and common-sense reform do not prevail in Wisconsin.



To: Bill who wrote (782565)5/9/2014 3:55:44 PM
From: joseffy1 Recommendation

Recommended By
Bill

  Respond to of 1576884
 
Taking offense has become America’s national pastime; being theatrically offended supposedly signifies the exquisitely refined moral delicacy of people who feel entitled to pass through life without encountering ideas or practices that annoy them.

As the number of nonbelievers grows — about 20 percent of Americans are religiously unaffiliated, as are one-third of adults under 30 — so does the itch to litigate believers into submission to secular sensibilities.



To: Bill who wrote (782565)5/10/2014 8:13:54 PM
From: joseffy  Respond to of 1576884
 
Satanic Black Mass at Harvard University –
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TFP ^ | 5/14 | T


Sean Penn Defends Venezuela's Leftist Leader, Compares to Obama