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 were 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
pandr32
(11,601 posts)If they follow through this will be awesome.
John_Doe80004
(156 posts)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)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.
BumRushDaShow
(129,304 posts)Happyhippychick
(8,379 posts)duforsure
(11,885 posts)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.
Fred Sanders
(23,946 posts)DeminPennswoods
(15,289 posts)Though I heard this a few weeks ago.
lastlib
(23,266 posts)...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)A paragon of morality.
crim son
(27,464 posts)and do nothing. That's my prediction. Hope I'm wrong.