Bank of America will no longer lend to companies that make ‘military-style’ weapons

Source: The Washington Times
Published: Apr 10, 2018
Author: Victor Morton
Post Date: 2018-04-11 09:41:47 by misterwhite
Views: 3176

Bank of America officially took sides in America’s 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 “it’s 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 it’s our intention not to finance these military-style firearms for civilian use.”

Ms. Finucane, who is listed at her company biography as head of BoA’s “environmental, social and governance efforts” said she expects to lose at least some of those gun-makers’ other business as well.

(More at the link)

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#1: paraclete    To: misterwhite (#0)

It is time someone showed common sense

paraclete posted on 2018-04-11 09:43:40   Reply   Private Reply

#2: misterwhite    To: All (#0)

In related news, Bank of America says it will continue to issue sub-prime mortgages to unqualified minorities, knowing the federal government will once again bail them out.

misterwhite posted on 2018-04-11 09:43:58   Reply   Private Reply

#3: misterwhite    To: paraclete (#1)

It is time someone showed common sense

Fine. It's their bank. They can loan money to whomever they want. Or not want.

Just give them that same freedom when it comes to home mortgages. Don't pass some federal "Community Reinvestment Act" forcing banks to make bad loans to people who can never repay them -- then hitting up the taxpayers to make the banks whole when the borrowers default.

Deal?

misterwhite posted on 2018-04-11 10:00:50   Reply   Private Reply

#4: Liberator    To: misterwhite (#0)

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.

But...but...whatever happened to "BAKE THE CAKE!!" laws??

Thanks to feckless fake Republicans (D) and a broken/MIA Constitution, the fascist Liberal-Left continues to flout their never-ending hypocrisy and its double-standard of ethics and "truth".

Liberator posted on 2018-04-11 13:53:36   Reply   Private Reply

#5: misterwhite    To: Liberator (#4)

Hmmm. What would happen if Bank of America said they would no longer do business with Planned Parenthood?

misterwhite posted on 2018-04-11 14:19:30   Reply   Private Reply

#6: sneakypete    To: misterwhite (#0)

Well,that will be one less credit card for me to pay off. I will be contacting them tomorrow and killing my BOA CC and telling them why.

sneakypete posted on 2018-04-11 17:31:28   Reply   Private Reply

#7: sneakypete    To: misterwhite (#5)

Hmmm. What would happen if Bank of America said they would no longer do business with Planned Parenthood?

They would immediately be facing a host of lawsuits in feral court.

sneakypete posted on 2018-04-11 17:33:39   Reply   Private Reply

#8: paraclete    To: misterwhite (#2)

In related news, Bank of America says it will continue to issue sub-prime mortgages to unqualified minorities, knowing the federal government will once again bail them out.

It is hard to get the pig out of the trough

paraclete posted on 2018-04-11 17:41:43   Reply   Private Reply