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DonViejo

(60,536 posts)
Sat Feb 24, 2018, 12:34 PM Feb 2018

Scoop: Bank of America to review relationships with gunmakers

Source: Axios



Axios 1 hour ago

Beginning what could become a widespread financial squeeze on gun manufacturers, Bank of America says in a statement to Axios that it is reexamining its relationship with banking clients who make AR-15s.

"We are joining other companies in our industry to examine what we can do to help end the tragedy of mass shootings, and an immediate step we’re taking is to engage the limited number of clients we have that manufacture assault weapons for non-military use to understand what they can contribute to this shared responsibility."

— Statement from Bank of America


Reading between the lines: This sounds like Bank of America thinks that servicing these manufacturers may not be consistent with its Responsible Growth strategy, which calls for "addressing the challenges of our time."

The context: In 2015, Bank of America and other banks backed away from funding coal mining.




Read more: https://www.axios.com/corporate-america-flexes-against-guns-1519482689-612f054b-6ea4-487b-b7fe-7bd36db6b446.html
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Scoop: Bank of America to review relationships with gunmakers (Original Post) DonViejo Feb 2018 OP
BOA is a giant pandr32 Feb 2018 #1
you can bet John_Doe80004 Feb 2018 #2
Free market and private business and all BumRushDaShow Feb 2018 #4
Off to the greatest. BumRushDaShow Feb 2018 #3
Get thee to greatest page! Happyhippychick Feb 2018 #5
I've heard some are burning their NRA cards duforsure Feb 2018 #6
You heard where? No links, no play. Fred Sanders Feb 2018 #7
Isn't Remington filing for bankruptcy protection? DeminPennswoods Feb 2018 #8
I heard they were taking steps toward it..... lastlib Feb 2018 #9
LOL! Didnt BOA get caught illegally foreclosing on US servicemember properties? Now, they are Marengo Feb 2018 #10
BOA... they'll think it over crim son Feb 2018 #11

John_Doe80004

(156 posts)
2. you can bet
Sat Feb 24, 2018, 12:48 PM
Feb 2018

the GOP will be all over this passing legislation telling banks that they can't discriminate against firearms manufacturers or some such language.

BumRushDaShow

(129,304 posts)
4. Free market and private business and all
Sat Feb 24, 2018, 12:54 PM
Feb 2018

And doing what you suggest will help to pretty much complete the annihilation of anything that resembled the original platform of the GOP outside of imposing bigotry of all forms onto the masses.

duforsure

(11,885 posts)
6. I've heard some are burning their NRA cards
Sat Feb 24, 2018, 02:05 PM
Feb 2018

And will not join again until assault weapons are banned, and voting for Dems only from now on. This should also apply to any businesses supporting the GOP and trump for doing nothing while kids and people are gunned down with assault weapons of war. There's no excuse for what they are allowing to continue in this country.

lastlib

(23,266 posts)
9. I heard they were taking steps toward it.....
Sat Feb 24, 2018, 03:35 PM
Feb 2018

...and the thought crossed my mind that there might be a mass shooting in the near future to boost sales.........
I'm not a cynic regarding the gun makers/profiteers or anything, though..........

 

Marengo

(3,477 posts)
10. LOL! Didnt BOA get caught illegally foreclosing on US servicemember properties? Now, they are
Sat Feb 24, 2018, 05:39 PM
Feb 2018

A paragon of morality.

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