Bailed-out Banks Launch Coordinated Attack on Law-abiding Gun Owners

There is growing evidence that some of America’s financial elite want to create a world in which America’s public policy decisions emanate from corporate boardrooms in Manhattan rather than from citizens and their elected officials.  This was demonstrated in recent weeks when both Citigroup and Bank of America announced changes to their corporate guidelines aimed at preventing law-abiding Americans from exercising their constitutional rights.

According to Citigroup’s new policy, the nation’s fourth largest bank will withhold business from companies that fail to sufficiently curtail the Second Amendment rights of their customers. Specifically, the policy requires “new retail sector clients or partners” to refrain from selling standard-capacity magazines, to prohibit the sale of firearms to law-abiding adults aged 18 to 20 years-old, and to ignore a vital statutory safety valve provision that permits a Federal Firearms Licensee (FFL) to transfer a firearm three days after a background check has been initiated. Citigroup has also stated that it will further scrutinize the firearms manufacturers they do business with.

Bank of America’s policy targets firearms manufacturing. During an April 10 interview with Bloomberg Television, Bank of America Vice Chairman Anne M. Finucane announced that the company no longer intends to lend money to firearms manufacturers that produce certain configurations of commonly-owned semi-automatic firearms. Making clear that Bank of America only opposes civilian access to semi-automatic firearms, Finucane stressed to the anti-gun news outlet that the bank will no longer finance “military-style firearms” for “civilian use.”

In a March 22 blog post announcing Citigroup’s policy change, Citigroup Executive Vice President of Global Public Affairs Ed Skyler lamented that politicians have been too reticent to trample upon the rights of their constituents, and that this respect for the U.S. Constitution prompted Citigroup to act. Before joining Citigroup, Skyler worked for the administration of New York City Mayor and gun control financier Michael Bloomberg...MORE