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.
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.