Bailed-out Banks Launch Coordinated Attack on Law-abiding Gun Owners

Ar15 Gun Owner Discrimination
Bailed-out Banks Launch Coordinated Attack on Law-abiding Gun Owners
National Rifle Association Institute For Legislative Action (NRA-ILA)
National Rifle Association Institute For Legislative Action (NRA-ILA)

Fairfax, VA – -(Ammoland.com)- There is growing evidence that some of America’s financial elite want to create a world in which America’s public policy decisions emanate from corporate boardrooms in Manhattan rather than from citizens and their elected officials.

This was demonstrated in recent weeks when both Citigroup and Bank of America announced changes to their corporate guidelines aimed at preventing law-abiding Americans from exercising their constitutional rights.

According to Citigroup’s new policy, the nation’s fourth largest bank will withhold business from companies that fail to sufficiently curtail the Second Amendment rights of their customers. Specifically, the policy requires “new retail sector clients or partners” to refrain from selling standard-capacity magazines, to prohibit the sale of firearms to law-abiding adults aged 18 to 20 years-old, and to ignore a vital statutory safety valve provision that permits a Federal Firearms Licensee (FFL) to transfer a firearm three days after a background check has been initiated. Citigroup has also stated that it will further scrutinize the firearms manufacturers they do business with.

Bank of America’s policy targets firearms manufacturing. During an April 10 2018 interview with Bloomberg TelevisionBank of America Vice Chairman Anne M. Finucane announced that the company no longer intends to lend money to firearms manufacturers that produce certain configurations of commonly-owned semi-automatic firearms. Making clear that Bank of America only opposes civilian access to semi-automatic firearms, Finucane stressed to the anti-gun news outlet that the bank will no longer finance “military-style firearms” for “civilian use.”

In a March 22 2018 blog post announcing Citigroup’s policy change, Citigroup Executive Vice President of Global Public Affairs Ed Skyler lamented that politicians have been too reticent to trample upon the rights of their constituents, and that this respect for the U.S. Constitution prompted Citigroup to act. Before joining Citigroup, Skyler worked for the administration of New York City Mayor and gun control financier Michael Bloomberg.

Skyler also made clear that Citigroup intends to “convene those in the financial services industry and other stakeholders” to push their anti-gun agenda. In a sentence sure to pique the interest of antitrust regulators, Skyler noted that the financial giant “hope[s] to leverage [the] collective action” of financial institutions in order to foist their restrictions on “all who sell firearms.” Using proper gun control advocate vernacular, Skyler referred to Citigroup’s new restrictions as “common-sense.”

In relation to Citigroup’s restriction on standard-capacity magazines and Bank of America’s attack on commonly-owned semi-automatic firearms, both private and publicly funded studies have determined that such measures would be ineffective. Most recently, a report from the Rand Corporation, titled “The Science of Gun Policy,” examined the available research on a host of gun control proposals. Rand found that the evidence of the effects of bans on the sale of commonly-owned semi-automatic firearms and standard-capacity magazines was “inconclusive.” A 2013 Department of Justice National Institute of Justice survey of the available research determined that in order to have any potential impact, a ban on standard capacity magazines would need to be coupled with an “extensive” confiscation effort.

With its age restriction policy, Citigroup may also be encouraging some of its retail business partners to violatestate and local discrimination laws. As UCLA Law Professor Eugene Volokh pointed out on his influential blog, the Volokh Conspiracy, Citigroup “must exempt retailers' actions in those no-age-discrimination states.” As Volokh explained “When a law bans some action, it also usually (explicitly or implicitly) bans others from trying to cause that action.”

As an example, Volokh pointed to Michigan’s anti-discrimination statute, writing,

the Elliott-Larsen Civil Rights Act (Mich. Comp. Laws. §§ 37.2301-.2304) bans age discrimination in retail sales, and § 37.2701 likewise provides that no person shall “[a]id, abet, incite, compel, or coerce a person to engage in a violation of this act” or “[w]illfully obstruct or prevent a person from complying with this act” or “interfere with a person in the exercise or enjoyment of … any right granted or protected by this act.” If a credit card company demands that stores illegally discriminate, then it's inciting, compelling, and coercing violations within the meaning of the law, obstructing the stores' complying with the law, and interfering with 18-to-20-year-olds' enjoyment of rights granted by the law.

Citigroup’s other gun control measure requires that retailers “don’t sell firearms to someone who hasn’t passed a background check.” Of course, firearms retailers are already required by federal law to conduct a background check on all prospective purchasers. What Citigroup is attacking here is an important safety-valve that ensures that Americans are not denied their Second Amendment rights as a result of government malice or incompetence.

The National Instant Criminal Background Check System (NICS) is supposed to be instant.

However, some checks require further research by a NICS Examiner to resolve. Federal law provides that in these cases a FFL may proceed with a firearms transfer after three business days if “the system has not notified the [FFL] that the receipt of a firearm by [the buyer or transferee] would [violate federal law.]” Even if the firearm is transferred, FBI continues their attempt to resolve the background check for 90 days. If a purchaser is determined to be prohibited after receiving a firearm, the Bureau of Alcohol, Tobacco, Firearms and Explosives is notified and there is an effort to retrieve the gun.

Significant delays can and do happen through no fault of the prospective purchaser. The FBI has noted that delays can occur due to a purchaser sharing similar personal characteristics (such as age, date of birth, height, or weight) to a prohibited individual, or because government records are incomplete. According to the 2016 NICS Operations Report, 11 percent of NICS background checks were delayed for additional review. Only 1.2 percent of prospective firearms purchasers were then denied.

By forcing the retailers it deals with to ignore the three day safety-valve provision, Citigroup is endorsing an indefinite firearms waiting period and will be complicit in restricting the rights of innocent Americans. An affront to due process, their policy circumvents the government’s burden of conclusively proving that a person has a prohibiting record before the individual is denied their constitutional rights.

Thankfully, some lawmakers have refused to take this attack on Second Amendment rights lying down. On March 29 2018, Sen. John Kennedy (R-La.), who sit on the Senate Banking Committee, issued a stern warning to Citigroup CEO Michael L. Corbat. Sen. Kennedy urged Citigroup to refrain from “penalizing Americans who choose to exercise their 2nd Amendment rights,” and instead to focus on the company’s many shortcomings.

Sen. Kennedy also reminded Corbat that “The very fact that Citi remains operational is due entirely to the generosity of the American taxpayers.”

According to an article from Politico, Sen. Kennedy has also urged the General Services Administration to cease its relationship with the bank. Moreover, the office of Senate Banking Chairman Mike Crapo (R-Idaho) is reported to have taken a significant interest in Citigroup’s anti-gun policy.

Citigroup, Bank of America, and other major corporations would do well to recognize that the American voter, through their elected representatives, has repeatedly rejected restrictions on their Second Amendment rights. Moreover, in the case of these banks, shareholders should question the wisdom of corporate leadership that would willfully alienate pro-gun voters and lawmakers.

About:
Established in 1975, the Institute for Legislative Action (ILA) is the “lobbying” arm of the National Rifle Association of America. ILA is responsible for preserving the right of all law-abiding individuals in the legislative, political, and legal arenas, to purchase, possess and use firearms for legitimate purposes as guaranteed by the Second Amendment to the U.S. Constitution. Visit: www.nra.org

  • 32 thoughts on “Bailed-out Banks Launch Coordinated Attack on Law-abiding Gun Owners

    1. Skyler, the‎ current head of CitiGroup is a long term‎ Clinto‎nista‎ and was there for the Bill Clinton ugly gun ban.

      Not only did they take bailouts, they also started running Obama Cabal approved theme programs.

      Remember Skip Gates, the Friend of Obama, “cops acted stupidly”, Harvard “Diversity ‎Professor”, who had to break into his own house because he couldn’t remember his keys.
      Bank of America funded and heavily promoted his racist theatrical productions.

      Chase went overboard hiring black spokespeople and heavily promoted the Williams sisters and their tennis exploits.
      ‎The good news is that the Chase program was all positive, pro America messaging.

      BofA was the worst, they eagerly jumped on the Blame America for Everything Train, and even ate Merrill Lynch to court the administration‎.

      Wells Fargo fought back but eventually was forced to take the bailouts.
      Their approach, and their advertising, have remained classical Americana, Norman Rockwell, customer oriented, and, yes, “inclusive”.
      My personal experience with Wells Fargo has been rock solid, … and amazingly devoid of the ‎blizzard of special offers and promotions that the others have heaped upon me.
      It is no coincidence that they have been “investigated”, hounded, and raked over the coals ever since.

      I have had (and still maintain) multiple accounts with Citi, Bank of America, Chase, and Wells Fargo, for over 20 years.
      My remarks are not based upon rumor or hearsay, but rather, they are based upon empirical evidence and decades of personal experience.

    2. “~America’s public policy decisions emanate from corporate boardrooms in Manhattan rather than from citizens and their elected officials”. Since when do “elected officials” do what citizens want? Vote ’em all out!

    3. “The definition of fascism is ‘The marriage of corporation and state’ ” – Benito Mussolini
      https://en.wikipedia.org/wiki/Benito_Mussolini

      The openly revealed marriage of leftists in government with leftists in the big banking, internet, social media and traditional media corporations, lays bare the clear fascism that is alive and well in America today. Domestic Enemies of the U.S. Constitution, are very predictable. They are always looking to deprive American citizens of their ability to exercise their constitutional rights. The marriage of corporation and state, the very definition of fascism, is just another way to make an end run around the U.S. Constitution and render it meaningless.

      HERE IS HOW YOU CAN HELP FIGHT BACK:

      Get your money out of these institutions and cancel any credit cards as you may have through them, preferably just after you use them one last time to make a donation to (or join) the NRA and/or other pro-2nd Amendment civil rights organizations. 🙂

      As far as Google / YouTube / Facebook and etc. Starve the beast by refusing to do anything that profits these Domestic Enemies of the U.S. Constitution in any way. 47% of American ADULTS report keeping a gun in the home, meaning 47% of American ADULTS need to collectively starve the beast and refuse to do business with these people in any way. For starters, get rid of your Google Chrome browser. Firefox is better and is free.

      If you use a tablet or other device where you _must_ use Google Chrome, click the 3 vertical dots just below the “X” in the upper right corner of the browser, select “Settings”, then click the square in the upper left corner of the browser next to where it says “Settings” again. Select “Advanced” and then select “Privacy and Security”. Finally, Enable the slider that reads ‘Send a “Do Not Track” request with your browsing traffic’, to at least formally request that they stop snooping on and trying to profit from everything you do online. Make them follow their own rules to leave you alone. (Different platform versions of Chrome may vary in how you get to that slider that reads ‘Send a “Do Not Track” request with your browsing traffic’, but it is in there somewhere, so search it out and enable it!)

      Regardless of what internet browser you use, CHANGE YOUR DEFAULT SEARCH ENGINE to DuckDuckGo.com as they respect your privacy and do not record your online activity. Therefore they collect no data to sell to marketers or government snoops. Install their “DuckDuckGo Privacy Essentials” as they do a pretty good job of actively blocking the “trackers” that these greedy Domestic Enemies of the U.S. Constitution use to snoop on and profit from everything you do online. Clicking the little “DuckDuckGo” icon that is added to the toolbar of your browser from time to time, to see how many trackers it is _currently blocking_ for you, will reveal how many websites actually ignore your formal requests not to be tracked. It is actually kind of satisfying to so easily shut them down this way. You will also notice a lot of ads and and such disappear from many websites, making them load much faster and saving you time. DuckDuckGo thus gives you the power to help starve the beast by denying their ability to profit from you. On the other hand, for websites that you DO like such as Ammoland.com, you will have to make it a careful point to click the DuckDuckGo icon in our browser and disable the “Site Privacy Protection” slider while visiting that website, so the good websites you that you like and agree with can make their advertising profits. You simply visit a website, click that “Site Privacy Protection” slider under the DuckDuckGo icon to turn it off for that “domain”, and that is how simple it is to “white list” the good sites that you want to help support. It thus becomes your responsibility to remember to do that for all the better websites that you like and visit often. The rest can remain blocked.

      Watch for and support any good alternatives to Google / YouTube / Facebook as they become available, and until you can completely quit using Google / YouTube / Facebook altogether, at least be sure to NEVER click on any ads from within their websites. They make a tremendous amount of money this way and you can help to dry that money up. If you would happen to see some ad or commercial for something you do want or need to buy, DO NOT CLICK THE AD FROM WITHIN THEIR WEB PAGE; simply make note of that business’s website address and manually navigate to them in a separate tab or browser instance, or search them out using the DuckDuchGo.com search engine. The point here of course is to completely cut these corporations OUT from making any money from your online transactions or anything you do, online or offline. You get the general idea. The above is a great start for fighting back.

      Just the above actions alone, multiplied times 47% of all American adults plus all the millions of Americans who fully support the U.S. Constitution and ALL of our rights, is enough to effectively leverage the power of the free market and hit these Domestic Enemies of the U.S. Constitution HARD right where it counts. Dry up their profits. Starve the beast.

      Please do your part to “uphold and defend the U.S. Constitution from all enemies foreign and domestic” as outlined above. This is how we win.

    4. I find it unconstitutional that a public bank with govt backing (FDIC) can do something like this when a mom & pop bakery gets fined and put out of business for NOT baking a cake for a FAG wedding party. This country has gone lawless for all except for conservatives who even think bad thoughts. Maybe now is the time to split this country in half…put conservatives on the west & the mental ill (liberals) & illegals on the east and build a wall.

    5. Swithced immediately to Frost Bank here in Texas. I left B of A a few years back for other issues such as but not limited to predatory lending practice, aiding illegals with loans, predetory charges for over drafts that they will by no means give back even if it’s hours before a direct deposit, B of A also took bailouts and launched more than one attack on 2nd amendment. All citi group CC’s have officially been paid and closed. And they slam your credit when doing this so learn what to do before closing an account. The same goes for H&R block. They have helped more illegals get SS cards to file for child tax credits and obtain up to 10k in refunds per family with zero proof of legal identification.

    6. I credit union. Haven’t banked since Wells Fargo charged me $13.26 to close my account. I have as of yet to find a credit union comment on the 2A. But, I’m not sure I’ve seen that any finance retailers or manufacturers.

      1. Mr. Schmaltz, it is easy to post these articles to Facebook. Here’s how: Using your mouse, drag the cursor over all the text and pictures that you want to post so that it is highlighted. Then press , or right click the mouse and select COPY. An option appears that lets you share to FB, Twitter, Instagram, and Google+.

    7. Cashed my “thank-you points”, and then wrote a polite, but clearly stated, letter to Citicorp telling them that after 25 years of doing business with them, I am forced, by their anti-Second Amendment Civil Rights stand, to fire them.

    8. Banks are regulated by the government and have FDIC to back up their accounts therefore the government needs to remind the banks that they cannot discriminate in their lending as long as the purchase is lawful.
      If the banks don’t want to adhere to the law then pull the FDIC backing.

      1. If we the people can put a block on the traitorous acts of the democrats then maybe Trump can get on to the smaller issues like this.

    9. Typical of the corporate world thinking if they follow the minority, and they are ,things will work out ,this always back fires . You’re welcome for the tax payer bailout ,thanks for the kick in the groin

    10. I canceled my citi,Costco,an sears.I hope the senator goes through in canceling citi from the government,instead of just sounding off.That would be around 700 billion dollar blow to citi.Senate needs action instead of talk.We need to flood your senators with emails.

    11. Sounds like a class action LAW SUIT against “citigroup” and also “bank of america”. With these actions, they are DISCRIMINATING!!!!!!!!!!
      SUE THEM FOR ABOUT $1,000,000,000.00 dollars. Make them pay for the lawyers, loss of business, distress, DISCRIMINATION and every thing a lawyer can come up with using the ILLEGALLY APPLIED admiralty law that the court insists on using AGAINST Americans.

    12. If the American people ever allow the central banks to issue their currency the banks and corporations that grow up around them will first through inflation, then deflation will rob the people of all their wealth, and your children will grow up homeless on the continent their fore father’s conquered.”
      Thomas Jefferson

    13. As of today I have closed one of my Citibank Accounts and will do the other soon. I Will also shut down my B of A Account once finished paying it off. Both will be sooner rather than later.

      1. @Terry…Go to another lender (try a credit union , been happy with mine for 40 years) pay off cb quit paying them interest .

    14. With the climate of fear instituted by the “do-gooders” having greater direct media controls continue to attack the founding fathers. People have become sheep by choice…That scares me, it mirrors Nazi Germany; now your “neighbors” will be turning you in for favor in the new world of today.
      “Come and Get”

    15. Americans should be taking their assets out of for-profit banks, a few small, privately owned institutions being possible exceptions. Use local credit unions, which are usually much safer and generally apolitical. Stop feeding the beast, as much as you can.

      1. Agreed, John!

        I left Citi and Chase banks. I am now a member of a (state) credit union. which 1) has an electronic system that is every bit as good as the largest banks, 2) has a branch a block from my house, 3) pays much better interest rates on accounts (both savings and checking), 4) has excellent debit cards and a huge nation-wide ATM service group, 5) charges lower interest rates on credit cards and loans, and 6) provides excellent customer service – I’m greeted by name every time I visit the branch or the home office.

        Tell the big banks to go away… and to NEVER expect government subsidies again, no matter how stupid/greedy/inept the management is… or degenerates into.

        1. Well said Joe!
          And it’s all Truth / Facts. My credit union is the same way in every aspect that you wrote. I’ve been with them for a few years now; dropping all BOA, Chase & Key Bank accounts, credit cards, etc. And I’ll never go back to big banks. I’d really love to see this happen too, with owner support .. even though probably a very difficult task.. But if we could just do that, and then start to get non firearm owners to do this as well .. Now that would be something wouldn’t it?!!?

          I’m still in awe at these big banks thinking that they can even do this though… They wouldn’t be here if not for our hard earned money that bailed them out in the first place! yada-yada

    16. As long as these manufacturers are legal the actions of these institutions are subject to civil rights, discrimination and fair lending practices!

    17. Citigroup needs to cease being a viable finical institution by We The Taxpaying People,of the several states.
      If I had anything with Citigroup the account would be closed post haste,as they would eventually die and wither.

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