Posted on 04/11/2018 1:00:39 PM PDT by MarvinStinson
A vice chairwoman at Bank of America said Tuesday that the financial services giant will no longer lend money to manufacturers of "military-style firearms."
"We want to contribute in any way we can to reduce these mass shootings," Anne Finucane said on Bloomberg TV. "We do have a few manufacturers of military-style firearms. We're in discussions with them. We have let them know that we are going to—it's not our intent to underwrite or finance military-style firearms on a go-forward basis."
When asked whether Bank of America will take the same actions with retailers who sell such weapons, Finucane said that is "a ways off" because of "civil liberties" and the Second Amendment.
"For us, we have just a handful of manufacturers, they know what our intentions are, we have had intense conversations over the last few months, and it's our intention not to finance these military-style firearms for civilian use," Finucane added.
The vice chairwoman said that Bank of America has received a "mixed" reaction from these clients but refused to elaborate further.
The National Shooting Sports Foundation, a leading gun industry trade group, criticized the bank's decision, saying it is wrong to deem semi-automatic rifles long available to civilians to be military-style weapons, Bloomberg reported.
"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 Michael Bazinet, a spokesman for the NSSF. "We should be part of the discussion."
Finucane also told Bloomberg TV on Tuesday that Bank of America is working to further reduce its work with coal companies and put that money into renewable energy.
One more idiot corporation heard from.
What a pathetic bunch of hypocrites.
Mrs. Mike Barnacle.
One more idiot company I won’t do business with. If on an online order the checkout goes thru Bank of America I will cancel the order.
Mike Barnacle’s beloved wife.
.
Glad I stopped doing business with them 20 years ago
I sincerely hope all Freepers who are BA customers are opening new accounts at other banks.
So, they will not do business with defense contractors?
Mike Barnacle-—FIRED for REPEATED plagiarism
Thanks. I was unaware of that.
No problem. All arms manufacturers should stipulate it is illegal to sell or use their weapons to defend any Bank of America building.
Bake the cake.
First Citi, now BofA. Liberals will start demanding these other banks answer why they still do business with merchants of death. They'll all quickly cave.
Charming that BoA can discriminate against prospective customers.
Sounds like a federal civil suit.
I agree with your take on it. It doesn’t please me either.
I will say I’ve been with them at least since 1988.
The problem for me, is that as soon as I change the next place could do something I don’t like either.
Over the last 30 years, BofA has been very accommodating to me.
I have a number of accounts set up with BofA, and moving my account would be a major headache.
If I were looking for a new bank, I would take a pass. Then again, They have provided very good service to me also.
How many other banks have already taken this same sort of action, but it didn’t leak out?
It’s a good thing that Bank of America doesn’t bake cakes.
“Anne Finucane said on Bloomberg TV
Mrs. Mike Barnacle. “
Like barnacles, a pain in the ass for sailors.
So the 0bama-era mentality to destroy the coal industry and that firearms are only for the Chicago and Baltimore thugs is alive ans well in corporate America.
Everyone else must remain defenseless and dependent on a benevolent government for their well being.
Let market forces circumvent this act of this subversion.
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