Posted on 08/03/2018 12:13:31 PM PDT by DEPcom
The National Rifle Association (NRA) is alleging that it is facing financial danger after the state of New York pressured financial institutions to cut ties with the gun group.
The NRA claims in a lawsuit, obtained and first reported by Rolling Stone, that the state of New York sought to hurt the organization by urging financial institutions and insurers not to work with the gun group.
I'll bet advertisers would accept cash.
That’s New York city for you. They give $41 million to 5 thugs who raped and beat a woman within an inch of her life and tries to ruin an organization that promotes and teaches self defense.
As a member, I use to get those annual financial summaries from the NRA. I seem to remember they have a large trust fund worth over $100 million. It can't be used for day to day expenses without board approval, so while they may very well have short-term cash crunch, but they are far from bankruptcy....
What is happening here is that New York is Shutting down NRA Insurance Company so the NRA can’t insure itself for damages. Now no insurance Company will back them. That is why they are in trouble..
Millions of members, and no one’s gonna let the NRA go broke.
It just ain’t gonna happen.
No other insurance company will insure them. So any lawsuit they have to pay out of their funds..
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