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Wednesday, 04/30/2014 - 12:27 pm EST

The Porn Star Bank Account Story Just Got A Whole Lot More Interesting.

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If you missed the fact that JP Morgan Chase is closing the bank accounts of people in the adult film industry, then you can catch up right here. But there's an update, and it's sinister, and you need to know about it.

According to this, Eric Holder's US Dept of Justice might be behind this effort, in something called Operation Choke Point, which is supposedly a targeted program designed to shut down as many as THIRTY separate industries by closing them out of banks. The American Bankers Association CEO Frank Keating wrote for the WSJ that the DOJ is essentially telling bankers to be morality police.

He wrote, "Operation Choke Point is asking banks to identify customers who may be breaking the law or simply doing something government officials don’t like. Banks must then ‘choke off’ those customers’ access to financial services, shutting down their accounts.”

Apparently, Operation Choke Point began early last year, which is about when various porn stars started going public with this news. So even though the adult film workers are blaming banks, which is entirely a natural reaction, if Eric Holder is behind it, those banks might not be doing it because they WANT to.  Instead, they might be doing it to cover their own assular areas.

And banks are pushing back.  The former chair of the FDIC wrote that Operation Choke Point is totally out of control, and said that as many as 23 Congresspeople have written to the DOJ to warn them that it's hurting business. The Operation is also making it much more difficult for smaller banks to compete.

If the current administration's DOJ is behind this whole thing, it's even MORE suspect, because pretty much anything that Holder has his hands on is suspect.

Discuss.

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