
Gov’t Data: Federal Reserve Swindled Trillions From American Savers
Fed Data: Federal Reserve Swindled Trillions From American Savers

Fed Data: Federal Reserve Swindled Trillions From American Savers

While some optimistic members of Congress have recently claimed that Operation Choke Point is winding down, out in the real world small business owners like Brian Lynn are learning otherwise.

Tuesday’s subcommittee hearing on Operation Choke Point is likely to be just the beginning of even stronger efforts by members of Congress to call executive agencies to account for their ongoing abuses of power as part of Operation Choke Point. Whether Congress will choose to exercise its constitutional authority and fire out-of-control executive bureaucrats as a first step in reasserting its legitimate powers remains to be seen.

The Consumer Financial Protection Bureau seems to be playing a much larger role in the Obama administration’s Operation Choke Point these days. But you wouldn’t know that from the gentle questioning of CFPB Director Richard Cordray on Capitol Hill.