On August 20th we posted about this article in the Wall Street Journal. In it the FDIC lawyers asked the courts dismiss a lawsuit that accused the regulators of a campaign to drive pawn shops, payday lenders and other businesses out of business by targeting their financial institutions.
Well it appears that may not be entirely true. Jeffery H. Joesph of The Daily Caller writes that the FDIC published list of “high risk” businesses clearly attacks entire industries, and not just “bad actors”. His argument is pretty strong.