Gun News

If you have accounts at Bank of America or Citibank, you are supporting the anti-gun movement

I had a checking, savings and credit card account at Bank of America – not anymore.

Bank of America will no longer lend to companies that make modern sporting rifles and Citigroup won’t service any retailer that sells “high-capacity” magazines -or- that sells firearms to anyone under 21. Democrats and the anti-gun looney left applauded the move – gun owners, are moving their accounts elsewhere.

“So [sic] our new policy centers around current firearms sales best practices that will guide those we do business with as a firm,” a post on the Citibank’s website said.

The new policy requires any company using Citibank financial services to “restrict the sale of firearms for individuals under 21 years of age” and not sell “bump stocks or high-capacity magazines.” The statement did not specify what they believe constitutes a “high-capacity” magazine. Walmart and Dick’s Sporting Goods are both currently facing age discrimination lawsuits for enforcing 21-and-over firearm sales policies that would prevent a new 20-year-old mom from buying a shotgun for home protection.

“This policy will apply across the firm, including to small business, commercial, and institutional clients, as well as credit card partners, whether co-brand or private label,” the post said.

Citibank nearly went under in 2008, but thanks to us hardworking taxpayers and the massive bailout we provided, their doing well enough to piss off a large portion of the American population.

Bank of America stopped short of Citibank’s discriminatory practice. BoA has stopped lending money to any manufacturer that produces semi-automatic rifles with detachable magazines – s0-called military-style rifles –  (Ruger mini-14, several .22LR rifles, AR-15s, AKMs, and much more.) The company stopped short of halting lending to retailers who sell the same firearms stating that such a move would get into issues of “civil liberties and the Second Amendment.”

BoA, in a fit of delusion, believes that their strategy will ultimately force manufacturers out of the semi-auto rifle business.

“There are those that I think will reduce their portfolio, and we’ll work with them, and others that will choose to do something else,” said Anne Finucane, vice chairman of Bank of America.

Yeah.. nope.

Those makers will do what firearms enthusiasts and supporters of the Second Amendment are doing right now – changing to a bank that doesn’t have anti-gun policies in-place.

If you have accounts at Citibank or Bank of America, you are supporting the anti-gun movement.

Carl Fox

Carl Fox is the senior money and finance writer for Conservative Daily News. Follow him in the "Money & The Economy" section at CDN and see his posts on the "Junior Economists" Facebook page.

Share
Published by
Carl Fox

Recent Posts

Agents Arrest 81 Illegal Aliens in Kentucky Operation

LOUISVILLE, Ky. – U.S. Immigration and Customs Enforcement (ICE) arrested 81 illegal aliens during an…

13 hours ago

Elon Musk Says SpaceX Could Have Saved Astronauts Months Ago, But Biden Rejected His Offer For ‘Political Reasons’

Elon Musk said on Fox News Tuesday that SpaceX offered to save astronauts several months…

13 hours ago

Biden-Appointed Judge Blocks Trump Ban On Transgender Service Members

In a ruling Tuesday, a Biden-appointed federal judge blocked President Donald Trump’s executive order effectively…

14 hours ago

Trump Says Admin Won’t Defy Orders, Confident SCOTUS Will Rule In His Favor On Deportation Case

President Donald Trump said Tuesday on Fox News that his administration would not defy a…

14 hours ago

Rotten To The Core

The Education Department gets billions in tax dollars, but very little of that money goes…

14 hours ago

Trump Admin Scrubs Biden-Era ‘Firearm Violence’ Advisory From Internet

The Trump administration removed a Biden-era surgeon general’s advisory on the public health effects of…

14 hours ago