Big Finance Wages War on Gun Manufactuers in Bid to Disarm Americans

There is a cabal emerging among the mega corporations of America that intends on using its market power to advance the anti-liberty, anti-progress, anti-human statist progressive agenda. The efforts by these mega corporations reflect a reality that the one percent of the one percent are overwhelmingly statist progressive, which makes sense given the fact that most of these mega corporations derive their market power from government protection and, in some cases government subsidization.
The finance industry is joining the fray, with efforts to destroy gun manufacturers that make “military-style weapons” well under way. Two of the biggest culprits are also two of the biggest beneficiaries of government subsidization and protection, Bank of America and Citigroup.

From frontpagemag.com

Big Banks Target the 2nd Amendment

….Bank of America has warned that it will refuse to lend money to manufacturers of “assault-style guns”. It had previously announced it was edging away from the coal business to fight global warming.

Citigroup got $476 billion in cash and guarantees: the most of any bank. Now Citibank is repaying the generosity of the American people by requiring its clients to impose their own gun control policies on their stores. Impose gun control on your customers or Citibank will discriminate against you.

Next up is Wells Fargo. The stagecoach brand has said that it’s up to the government to impose gun control, but that it is discussing gun safety with its clients. That’s not enough for outraged activists. The American Federation of Teachers, an organization that runs on extorting money from teachers and taxpayers, warned Wells Fargo that it had to choose between firearms manufacturers and the AFT.

Bank of America announced its move to Bloomberg. The eponymous media outlet is associated with the billionaire sugar daddy of the anti-second amendment lobby. That wasn’t a coincidence. Neither was Citigroup making its announcement through Ed Skyler, Bloomberg’s former Deputy Mayor.

This phase of the pressure campaign got its start from a New  York Times column by Andrew Ross Sorkin which wondered, “What if the finance industry — credit card companies … credit card processors … and banks … were to effectively set new rules for the sales of guns in America?”

If the banks wouldn’t play ball, then their biggest customers, “McDonald’s, Starbucks, Apple, Amazon, AT&T, CVS and others” would be pressured into pressuring them. That way a few corporations could decide which parts of the Constitution they’ll write out of existence in their Terms of Service.

And then Sorkin began calling up chief execs to discuss his bright idea for corporate government. They included Citigroup CEO Michael Corbat who had served on Obama’s Advisory Council on Financial Capability and had hosted a retreat featuring Hillary Clinton. Citigroup had a long relationship with the Clintons and had warned thatTrump’s victory could lead to an economic “slowdown”.

 

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About Paul Gordon 2945 Articles
Paul Gordon is the publisher and editor of iState.TV. He has published and edited newspapers, poetry magazines and online weekly magazines. He is the director of Social Cognito, an SEO/Web Marketing Company. You can reach Paul at pg@istate.tv

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