This Massachusetts gun store owner was one of the recent casualties of “Operation Choke Point”, which is a government initiative that forces banks to keep a watchful eye on “high risk” businesses. It’s basically been another subtle form of gun control.
But after this gun seller’s business was dropped by his bank of more than 20 years he sent an email to his over 5,000 subscribers, wrote a blog post about the situation, and even got his story reported on the Washington Times website.
Now his local TD bank has come crawling back to him to try to work something out, but the gun shop owner has refused their offers saying, “it’s too little too late”.
The Daily Caller has more on this story:
Mark Cohen, who owns Powderhorn Outfitters, a Hyannis, Mass. gun retailer, said that his longtime bank, TD Bank, refused to extend a line of credit because of the business he is in.
Cohen explained what happened in an interview with The Daily Caller on Friday.
“This year I went to apply for a line of credit, and the bank manager came by the store,” said Cohen, adding that he’s known the bank manager for over 20 years.
“Mark, I apologize,” she said, according to Cohen, “your credit history is great, but the bank is turning you down because you sell guns.”
Cohen told his friend and lender that he would have no choice but to close his accounts with the bank since they couldn’t provide the services his company needs.
He then sent an email blast to his 5,000-plus email list and wrote a blog post for the website Northeast Shooters. The Washington Times first reported the story.
Cohen believes that TD Bank didn’t want to do business with his gun store because of a government initiative called Operation Choke Point.