New York Comptroller Asking Money Lenders to Put the Choke on Gun Sellers

Former U.S. Attorney General Eric Holder, one of the architects of Operation Choke Point. (Photo: AP/ Mark Humphrey)

As Yogi Berra famously quipped, “It’s déjà vu all over again.”

Four months after the House voted 395 – 2 to kill Eric Holder’s anti-gun Operation Choke Point, New York Comptroller Thomas DiNapoli is encouraging credit card companies to strangle gun transactions by classifying them alongside pornography and illicit drugs.

“If gun violence continues unabated in society — public outcry and calls for action may grow and create significant financial risk for the company,” DiNapoli reportedly wrote to Mastercard.

DiNapoli also contacted executives from Visa, American Express, Bank of America, JPMorgan Chase and other companies to consider implementing systems that could reject purchases of weapons or ammunition.

DiNapoli controls New York’s $209.1 billion pension fund, which owns shares of each of the nine companies he contacted.

The moves come alongside a separate effort by Citigroup to force its clients to restrict firearm purchases. The company announced that it will no longer do business with companies that sell bump-fire stocks and “high capacity” magazines. It will also require its clients to perform background checks on all gun purchases and prohibit the sale of firearms to anyone under the age of 21.

Reclassifying gun and ammunition purchases as “high risk” would give credit companies an excuse not to do business with merchants that sell these items. If gun dealers do secure lines of credit, high-risk merchants “have to make do with crappier terms and higher rates,” according to Merchant Maverick.

These restrictions would make doing business as a small firearms company increasingly difficult in an environment already feeling the effects of a post-Obama slump.

SEE ALSO: When Banks Attack: Citigroup’s Anti-Gun Policies May Provide ‘Template’ for Others

The strategy feels suspiciously similar to the Obama-era, Eric Holder-led Operation Choke Point. Operation Choke Point was a federal policy that encouraged banks and money lenders to cut ties with companies engaged in nefarious, “high risk” activities.

The feds peddled the plan as a way to combat fraud, money laundering, and terrorism, but they also used it to go after the gun industry and dry up their lines of credit.

The policy has faced strong criticism from the pro-gun community as well as members of Congress, and the House voted to repeal Operation Choke Point late last year.

“It is simple: the federal government should not be able to intimidate financial institutions into dropping entire sectors of the economy as customers, based not on risk or evidence of wrongdoing, but purely on personal and political motivations,” said the bill’s sponsor, Rep. Blaine Luetkemeyer (R-MO) in a press release.

Now the anti-gun lobby is taking Operation Choke Point to the state level, and they’re using the Parkland-driven hysteria to put as many firearm and ammunition dealers and manufacturers out of business.

About the author: Jordan Michaels has been reviewing firearm-related products for over four years and enjoying them for much longer. With family in Canada, he’s seen first hand how quickly the right to self-defense can be stripped from law-abiding citizens. He escaped that statist paradise at a young age, married a sixth-generation Texan, and currently lives in Waco. Follow him on Instagram @bornforgoodluck and email him at

{ 18 comments… add one }
  • DAVE HELLEKSON November 6, 2019, 7:07 pm

    Good Day Jordan, My name is Dave Hellekson, I own the Puma Lock Co. I started it with just one goal in mind, I was with The Sheriffs Office in AZ and it seemed that I saw day after day our young getting killed or killing their friends because they had access. I developed a lock that was Bio-metric (fingerprint) that fits almost any revolver, pistol semi, wheel, AR, rifle, or shotgun semi or pump. For under $100 SRP. I contacted Kickstarter and applied, my response was unbelievable, Kickstarter will not promote anything that has to do with guns (even if it saves lives) Ditto Indiegogo. To get to my question kind of the long way. Are you aware of any funding groups I could approach. I am production ready. Thanks for any help you can provide. Dave

  • kjj1564 April 15, 2018, 11:51 am

    There is no longer freedom of choice. Society is now ruled by the Socialist left and what they determine all of us sheep should think, see, eat, read, speak, what we should enjoy in our lives, If the American people continue to elect these socialist, the United States home of the free, will be no more.

  • kjj1564 April 15, 2018, 11:41 am

    There is no longer freedom of choice. Society is now ruled by the Socialist left and what they determine all of us sheep should think, see, eat, read, speak, what we should enjoy in our lives, will be up to them. If the American people continue to elect these socialist, the United States home of the free, will be no more.

  • Ghost April 13, 2018, 11:02 am

    Make no doubt about it…Anti-Constitution Politicians are coming for your guns. They are bought & paid for by Banks, Soros, Bloomberg & his Globalist pals. America cannot be taken down unless it is disarmed…PERIOD…
    Can’t happen here? AUSTRALIANS WERE FORCIBLY DISARMED !! Our Forefathers warned us about Bloomberg/Soros types & what to do with them.

  • Bobo April 13, 2018, 10:43 am

    I’ve banked at Citibank going on 50 years. I recently told my financial advisor I’ll be pulling my investments out because of the actions of Citibank.

  • Charles Kimberl April 13, 2018, 10:39 am

    These commies are just coming out of the woodwork, aren’t they?

  • joefoam April 13, 2018, 9:53 am

    More tactics used by the left to control society. Get used to being sheesp.

  • John Poland April 13, 2018, 9:43 am

    I believe we can all get behind and support a Presidential ticket of the former Attorney Generals Loretta Lynch and Eric Holder.
    I know I would proudly wear a tee shirt every day saying ‘Lynch Holder’ ! DiNapoli seems a good replacement for Holder after he gets his just reward for being an international gun runner to foreign Terrorists. Isn’t it Funny the people who DO CAUSE ‘Gun Murders’ by their actions want OTHERS held responsible for the VERY SAME thing THEY DID without legal repercussions. SO FAR !

  • Ed April 13, 2018, 8:49 am

    I posted this in the other article for the day – could be a win – win for everyone. If anyone knows anyone or is part of any of these companies that are being cut off I can potentially help with funding.

    • kjj1564 April 15, 2018, 11:47 am

      Good for you, hopefully an answer for these pro second amendment business.

  • Duane April 13, 2018, 6:42 am

    As others have said if this was any other business it would be HIGHLY ILLEGAL!! This is completely unAmerican just like the bullsh*t actions by these pathetic, whiny, weak and mentally ill Loony-Leftists. By restricticong the Free-Market they are basically creating a communist market that allows for political influence, pressure and money to flow to financial institutions in order to bend to the will of the political donors/bribes as Soros and Bloomberg have been doing to spread this anti-American sentiment. These actions against our CONSTITUTIONAL RIGHTS is nothing less than Enemy Action in the disguise of “protecting children” meanwhile you have criminals doing shootouts and drivebys that kill more children than ANY mass shooting EVER. But the left doesn’t care about those children’s lives because their BLACK. The Left is nothing more than a bunch of whites racists pretending to care for votes and minority racists doing it for anti-white and anti-American movements. If this continues not one state will be safe and will become a major attack against OUR rights. Fight fight fight or your children’s and children’s children will be nothing but a confused slave to political corruption and Libertyless life in America.

    • Samuel Stephens April 13, 2018, 11:23 am

      If you nogice which state is doing this crap NY, where mozt of the crooks are from.

  • Larry Brickey April 13, 2018, 4:59 am

    For almost any other business this would be illegal. He should be fired.

  • SuperG April 11, 2018, 11:54 am

    Personally, I think it is too late for America. Already the government has nullified the 4th Amendment by allowing police to stop you without cause and ask if you are a US citizen, if you are traveling within 100 miles of a US border. Do you remember voting for that? I sure don’t. What is stop them from adding another zero to that then, and making it 1000 miles? The Constitution is being subtlety eroded, one piece at a time. What the people don’t see as they zealously march against the Second Amendment, is that when it goes, so will the First Amendment. Abraham Lincoln said our destruction would come from within, and sadly, I think he was correct.

    • Luke April 13, 2018, 9:49 am

      Laws protect no one. Even moreso now that the rule of law is dead for lower middle class tax payers. Clintons proved that time and time again. I’m glad Donald Trump was elected but don’t look for that to happen again.

  • Jaque April 9, 2018, 8:26 pm

    At what point do Americans who believe the Constitution is the law of the land and say the line of government tyranny has been crossed. When is it time to execute the words of the Declaration of Independence.

    Can a people’s revolution against government tyranny be lawfully executed as it is written in the Declaration of Independence.

    • Luke April 13, 2018, 9:46 am

      Not anymore. There is no way to legally protect yourself in the United States without becoming homeless.

  • Mike V April 9, 2018, 7:18 pm

    They believe in total war. Whatever angle can be worked to further their agenda, they work it.

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