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Posts Tagged finance
Bank of America Reverses Stance On Gun Investments
From The Spokesman-Review:
Bank of America Corp. is loosening restrictions on lending to the firearms and energy industries amid pressure from anti-ESG politicians in Texas and Florida.
The bank backed off its ban on lending to companies that make assault-style guns used for non-military purposes. Rather, the firm will make such decisions on a case-by-case basis with senior risk officers, according to its latest environmental and social risk policy framework. The Charlotte, North Carolina-based bank also made similar changes to its energy lending policies – it no longer has a blanket ban on financing for Arctic drilling.
Bank of America Snitches On Gun Owners
From Ammoland:
FBI whistleblowers have come forward with damning allegations against Bank of America (BoA). According to Representative Thomas Massie (R-KY) and Rep. Jim Jordan (R-OH), the banking giant has been revealing information to the FBI about its customer’s gun purchases without a warrant.
Texas To Stop Business With Citigroup Over ESG, Gun Rights
From Bearing Arms:
Citigroup says it’s doing everything right, but Texas says it’s not.
However, in a statement, the NSSF notes that Citigroup’s own website tells a completely different story.
“Their own website, however, demonstrates that the corporate bank refuses business with firearm businesses that do not comply with their unconstitutional restrictions,” the statement reads, noting that the bank requires things such as bump stock bans, age-based restrictions, and magazine restrictions.
Florida Attacks Credit Card Tracking Gun Purchases
From NSSF:
“This is the United States of America. You don’t get penalized for exercising a Constitutional right. The Second Amendment is nonnegotiable, and here in Florida, we are going to fight to protect the rights of Floridians,” Republican state Sen. Danny Burgess recently proclaimed.
Bank CEO That Pushed Credit Card Gun Code Wants To Report On Citizens’ “Suspicious” Activity
From Ammoland:
“‘Detection scenarios’ are in the works that, if triggered, would prompt banks to file a Suspicious Activity Report to the Treasury Department’s Financial Crimes Enforcement Network,” the story elaborates, citing Amalgamated Bank Chief Executive Officer Priscilla Sims Brown.
FBI Lies To Commit Biggest Bank Heist In History
From The Federalist:
There is no denying anymore that our federal agencies have weaponized their power against the political adversaries of the left. But if you think the feds’ abandonment of all standards only affects outspoken critics of the regime, think again. More allegations of FBI corruption and hubris are coming to light after a lawsuit last week revealed FBI agents misled a judge so they could illegally seize and withhold property from innocent American citizens.
Louisiana Passes Bill To Deny State Funds To Anti-gun Companies
From Bearing Arms:
The 71 votes in favor of the bill means the measure has a veto-proof majority in the state House, which is critically important given that a similar bill sailed through the legislature in 2021, but was unable to overcome a veto by Gov. John Bel Edwards, who also vetoed a Constitutional Carry bill in the same session.
Defund Communist China
From The Federalist:
This needs to stop. This is why I am crafting legislation to force American university endowments to either divest from China or give up the benefits they receive from the American taxpayer. This provision would also apply to any pension funds that receive tax breaks from the federal government, so that the retirement security of tens of millions of Americans totaling more than $10 trillion is not tied to the success of America’s greatest enemy.
Louisiana Denies Chase Bank Bond Deal Because of Gun Control
From The Advocate:
Louisiana officials Thursday blocked banking giant JP Morgan Chase from participating in a bond refinancing deal, in Republicans’ escalating effort to keep some large investment firms sidelined from state work because they limit business with firearm manufacturers.
Citigroup Caves To Texas On Gun Stance
From The Truth About Guns:
Citigroup took a key step to restart its public-finance operations in Texas by submitting a letter last month verifying its compliance with the new law.
The bank sent a so-called standing letter to the Texas Attorney General’s office, a requirement for banks if they want to do business with Texas and its local governments after the legislation took effect.
States Fighting Back Against Anti-gun Banks
From The Truth About Guns:
JP Morgan Chase is the largest bank in the country with a balance sheet of nearly $3 trillion dollars. That didn’t stop Louisiana’s top attorney from sending the bank’s CEO Jamie Dimon a letter stating, “I do not believe the state of Louisiana is best served by doing business with companies that attempt to profit from the State while denying its citizens the ability to exercise their constitutional rights.â€
The Fight Against Financial Censorship
From The Electronic Frontier Foundation:
On Thursday, the Office of the Comptroller of the Currency finalized its Fair Access to Financial Services rule, which will prevent banks from refusing to serve entire classes of customers that they find politically or morally unsavory. The rule is a huge win for civil liberties, and for the many sectors who have found themselves in the bad graces of corporate financial services, like cryptocurrency projects, marijuana businesses, sex worker advocacy groups, and others.
Is Salesforce Attacking Guns As A Distraction?
From Bearing Arms:
Which makes this move now rather curious. After all, there were plenty of companies adopting policies like this last year. If Benioff is so adamantly anti-gun, why didn’t he join the chorus then?
Maybe because he and his company weren’t looking like total scumbags back then?
You see, Forbes conveniently failed to mention one important fact about Salesforce, and that’s a lawsuit against the company. It seems that a group of 50 women is suing Salesforce for their role in facilitating human trafficking.