Posted on 04/11/2018 5:48:16 AM PDT by ptsal
Bank of America officially took sides in Americas gun debate Tuesday, announcing it would no longer make loans to companies that make military-style weapons.
The second-biggest U.S. bank announced Tuesday that it would drop current loan-customers Vista Outdoors, Remington and Sturm Ruger, and blackball any other manufacturer of assault weapons.
Bank of America Vice Chairman Anne Finucanetold Bloomberg TV on Tuesday her bank has told those companies its not our intent to underwrite or finance military-style firearms.
We have had intense conversations over the last few months, Ms. Finucane told Bloomberg, a network founded by tycoon and gun-control-financier Michael R. Bloomberg. And its our intention not to finance these military-style firearms for civilian use.
(Excerpt) Read more at washingtontimes.com ...
From Bank of America to Bank against America.
Scum...
BofA has $2.28 TRILLION in assets. This wont even be a blip on their radar. And soon all the other major banks will do the same thing.
Congress need to get involved because its not going to stop with assault rifles.
I was wanting to find a new bank anyway.
Now I have more incentive to dump BOA.
“she expects to lose at least some of those gun-makers other business as well.”.......
BOA will lose more than just gun manufactures, they will lose many, many gun owner customers as well.
Yes, you can. Give them birth control chemicals and tell them they will have a better lifestyle if they have less children.
Time to “Target” B of A
Wellsfargo takes the stand that it will not become embroiled in a battle over gun rights.
There are a huge number of banks in Houston which would just love to be of service to the gun industry. Lots of them.
I wish I did business with BofA. So I could quit doing business with BofA.
Good to know that companies can pick and choose those with whom they do business.
A new breath of freedom in the US.
Imagine a marketing campaign....
<>Conservative Bank
<> (Pick-a-Race) Bank
Will have too look and hard about changing banks.
No but they lend their services to illegal invaders. We quit them because every sign and notice was in large spanish mexican latin spelling. You had to struggle to find the english print.
Just got a BoA mastercard—guess I can cut that up now, and let them know why!!!
During TARP one of the banks put up large advertisements all over Houston which said.
Paraphrased:
The Feds demanded that we take TARP money. Our answer was “Go to Hell”
“Bank of America Vice Chairman Anne Finucanetold Bloomberg TV on Tuesday her bank has told those companies its not our intent to underwrite or finance military-style firearms.
Dear Ms Finyoucaneatittold, there are a bunch of other lenders who will be delighted to take your business away from you. You Democrat.
Smart businesses stay the hell away from politics so they don’t nullify 50% of their profits in a polarized political climate. If I was on this board, the chairman would be gone for putting 50% of the business in jeopardy. They won’t make MORE money with any aspect of this, they can only LOSE money.
They’ll still give loans to companies that make “military-style” guns for the government though, right?
Now I have to close my account and change banks. What a PITA. All the same, I will now do it. Since I do work for banks, I wont tell them why though. I am still willing to take their money. Im no longer willing to give them any of mine.
Cancelled my BoA Credit card 10 minutes ago. Of course I told them that there are plenty of banks that support the Constitution of the United States. They thanked me for having their CC since 2002. Of course the representative I spoke with was not aware of BoA policy to deny financing to manufacturers of Modern Sporting Arms.
Chairman Anne Finucane’s decision ensures that I will never be a customer of BoA.
BoA is effectively endorsing restrictions on the Bill of Rights. What’s next? Will they no longer do business with Conservative media? Refuse to do offer services to pro-life groups? Churches?
Call me crazy, but isn’t the purpose of a business (including a bank) to return value to its owners? Perhaps the Board of Directors can take a moment to see Ms. Finucane’s business plan on this policy? They should be curious about the ROI on alienating, if not driving away, a large population of consumer and business customers.
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