2nd Largest US Bank Declares War on Gun Owners
There has been a concerted effort by the left in recent months to undermine the Second Amendment through strict gun control legislation.
However, new legislation is not the sole focus of the gun grabbers. They have also launched attacks on gun manufacturers and gun owners via the corporate world.
According to The Washington Times, Bank of America announced Tuesday that they would no longer conduct business with any firearms manufacturer that produces and sells “military-style” weapons for civilian use.
That means the second-largest banking firm in the United States will drop Remington, Sturm Ruger and Vista Outdoors, and will refuse to provide financial services to any other manufacturers of such weaponry.
That announcement came from BoA vice chairman Anne Finucane during an interview with Bloomberg TV, which coincidentally is owned by billionaire gun control financier and former New York City Mayor Michael Bloomberg.
Bank of America will no longer extend loans or underwrite securities for manufacturers that continue to produce and sell “military-style” firearms like the ubiquitous AR-15 semi-automatic rifle and others modeled after it.
“It’s our intention not to finance these military-style firearms for civilian use,” stated Finucane, who added that her firm has had “intense conversations over the last few months” with firearms manufacturers to let them know they will no longer be doing business with them.
Asked about the reaction the firm received from those manufacturers upon learning the news, Finucane said it has been “mixed.”
“There are those that will reduce their portfolios, and we’ll work with them, and others that will do something else,” she said.
According to USA Today, when Finucane was asked if the prohibition against working with certain gun manufacturers would be extended to the retailers that sold the firearms, she dodged the question but left the door open for such a decision in the future.
“The problem with that is it gets into civil liberties and the Second Amendment,” said Finucane. “That’s a good public dialogue, but that’s a long way off.”
USA Today noted that, aside from the corporations that had already cut ties with the National Rifle Association, Bank of America now joins Citigroup and Amalgamated Bank in using their corporate power against the gun industry.
Citigroup recently announced they would no longer do business with retailers that sold firearms to anyone under the age of 21, or any retailer that sold bump stocks or “high-capacity magazines” to anyone at all. Amalgamated Bank announced they will no longer invest any assets “in companies that manufacture or distribute firearms, weaponry or ammunition.”
Unsurprisingly, the anti-gun lobby was thrilled at the news that Bank of America had joined forces against gun owners and the Second Amendment.
“We were heartened to see Bank of America join the list of companies stepping up to keep America safe,” Avery Gardiner, co-president of the anti-gun Brady Campaign to Prevent Gun Violence, told Bloomberg. “Why would anyone want to help finance assault weapons that are regularly used in mass shootings?”
But the move was decried by the National Shooting Sports Foundation, which informed Bloomberg that the gun and ammunition industry contributed more than $51.1 billion to the economy in 2017.
“We as an industry would welcome the opportunity to sit down with Bank of America executives and explain our industry’s perspective to discuss what really would work to keep firearms out of the hands of those who should not have them,” said NSSF spokesman Michael Bazinet. “We should be part of the discussion.”
This is nothing short of an assault on the Second Amendment, gun manufacturers and gun owners by the increasingly liberal corporate America — a despicable effort to use their financial clout to subvert and undermine a constitutionally protected civil right.
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