Citi becomes first big bank to press clients to restrict gun sales

Discussion in 'The War Room' started by Teppodama, Mar 22, 2018.

  1. spin_

    spin_ Silver Belt

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    to recap. Citi implements their policy of accounts they'll personally do business with, and will aid fully in the transfer of accounts to other banks.

    i can do this every time.
     
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  2. ineverpost

    ineverpost Brown Belt

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    Just trying to appease the right people so they are in front of the line for bailouts during the next financial crisis
     
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  3. Judge

    Judge Banned Banned

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  4. Cubo de Sangre

    Cubo de Sangre Steel Belt

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    Just cancelled my Citi cards. They were nice and explained it was for safety. I said that's fine and my position was to take a stand for civil rights. All very pleasant.
     
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  5. Cubo de Sangre

    Cubo de Sangre Steel Belt

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    Guess I'll be cancelling my Bank of America cards too.

    https://www.nytimes.com/2018/04/10/business/bank-of-america-guns.html

    Mixed reactions? Wonder which manufacturer was in support.
     
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  6. spin_

    spin_ Silver Belt

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    "For now, Bank of America will continue to offer banking services to firearms retailers. Asking gun shops to stop selling certain types of handguns or long guns “gets into civil liberties” and is “a ways off,” Ms. Finucane said."

    they aren't changing what citibank changed.



    "Bank of America will stop lending money to gun manufacturers that make military-inspired firearms for civilian use"

    which once again does not infringe on anyone's civil rights.
     
  7. BarackLesnar

    BarackLesnar White Belt

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    Names of gold
     
  8. Kafir-kun

    Kafir-kun not-so-grand mufti of Sherdog

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    And see, this is why this story scares me. We have restrictions on the government via the constitution and of course the people can affect change through voting.

    Do we vote on the policies of Citi Bank? Do we have any mechanism to affect change on such an institution? The power of concentrated capital is, in some ways, surpassing that of states. The government was unable to respond to the call for gun control in the wake of the shooting but Citi Bank has.
     
  9. RerouteToRemain

    RerouteToRemain Silver Belt

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    So basically all modern semi auto firearms.
     
  10. Neph

    Neph Purple Belt

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    [​IMG]
     
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  11. panamaican

    panamaican Senior Moderator Staff Member Senior Moderator

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    You do vote on the policies of Citi Bank and can affect change on such an institution. You can withhold your business and vote via the power of the purse. Additionally, Citi's competitors can step in and fill the void.

    And on a subject as contentious as this one, you'd rather have society impose its own limitations. It leaves the most options on the table to reverse a course of action. Citi Bank can always walk back their policy relatively quickly while the government cannot.
     
    Last edited: Apr 14, 2018
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  12. Kafir-kun

    Kafir-kun not-so-grand mufti of Sherdog

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    That sounds nice in theory and all but to make a dent in Citi Bank would require a pretty massive mobilization against them, one that is highly unlikely.
     
  13. panamaican

    panamaican Senior Moderator Staff Member Senior Moderator

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    Which would mean that the opposing position isn't as widespread as believed. The NRA can make an outsized impact on Congress because Congress people don't make a lot of money, constantly need campaign dollars, etc. So they have the power to exaggerate their voice on the national scale.

    If the issue is as serious as groups like the NRA propose, massive mobilization should be quite possible.
     
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  14. MTT

    MTT Green Belt

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    It's a damn shame as that FNBO NRA card was one of the best gas rewards cards (5%).
     
    Last edited: Apr 14, 2018
  15. Cubo de Sangre

    Cubo de Sangre Steel Belt

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    You're probably right. I will say that I vaguely alluded to why I was leaving and they new without question what the issue was. Even seemed like a pre-prepared statement was at their disposal.
     
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  16. Stoic1

    Stoic1 Patriot

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    Dumping my BoA stock on Monday.

    They were a fucking piece of shit bank to begin with. Now I cannot own any on general principle.
     
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  17. spin_

    spin_ Silver Belt

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    lets say yes.




    its still loans to manufacturers.
     
  18. RerouteToRemain

    RerouteToRemain Silver Belt

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    "For safety". Better stop lending to manufacturers of blunt objects, such as hammers. They kill more than double what AR's do every year.

    Same with knives, they kill like 10x more people than AR's every year.

    Oh shit people with hands and feet as well. Hands and feet kill 3x more than AR's.

    Maybe phones as well, distracted driving kills a ridiculous amount.

    It is for safety after all :rolleyes:
     
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  19. RerouteToRemain

    RerouteToRemain Silver Belt

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    Let's say no because they are too stupid to realise what that actually implies. If they did...

    What about tactical bolt action rifles.

    Manufacturers of what? Over under shotguns. Wood stock only bolt action rifles with no mag or fixed mag only.
     
  20. spin_

    spin_ Silver Belt

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    they could cease giving loans to any and all gun manufacturers, and it still wouldn't restrict anyone's access to acquiring or owning guns.

    it just means they don't want be involved in that business. gun manufacturers have other banks to choose from.


    nobodies rights are being trampled on by any of these moves.
     

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