Gun industry sees banks as new threat to 2nd Amendment
Source: Associated Press
Lisa Marie Pane, Associated Press
Updated 11:10 am, Sunday, June 24, 2018
GAINESVILLE, Ga. (AP) With Gary Ramey's fledgling gun-making business taking off in retail stores, he decided to start offering one of his handguns for sale on his website.
That didn't sit well with the company he used to process payments, and they informed him they were dropping his account. Another credit card processing firm told him the same thing: They wouldn't do business with him.
The reason? His business of making firearms violates their policies.
In the wake of high-profile mass shootings, corporate America has been taking a stand against the firearms industry amid a lack of action by lawmakers on gun control. Payment processing firms are limiting transactions, Bank of America stopped providing financing to companies that make AR-style guns, and retailers like Walmart and Dick's Sporting Goods imposed age restrictions on gun purchases.
Read more: https://www.chron.com/news/crime/article/Gun-industry-sees-banks-as-new-threat-to-2nd-13021376.php
dlk
(11,606 posts)Marthe48
(17,145 posts)I'm so glad that somebody has the firepower to slow down the gun industry.
Maxheader
(4,374 posts)fuck the gun toadys....
samir.g
(835 posts)Shut them all down.
Marthe48
(17,145 posts)barring financial service companies from discriminating against gun makers? Really? They actually are so protective of the poor baby gun industry they made a special law?
I saw the term choke point in the story I read.
Mr.Bill
(24,376 posts)could retaliate against this law by just not doing any business in Georgia at all.
Xolodno
(6,414 posts)...going to court.
But sad to say, it will probably take a mass shooting in Georgia with the bank in facilitating purchase in the hot seat.
irisblue
(33,061 posts)Marthe48
(17,145 posts)It seems ok for banks to shape policy in every other situation that affects individuals and benefits corporations, but it is NOT ok for them to limit financing for guns makers. Wow. Another hypocritical move.
Maybe Gary Ramey and his family can go back to the drawing board and reinvent the cotton gin. (Eli Whitney, who invented the cotton gin, also created weapons)
flibbitygiblets
(7,220 posts)FUCK YOU gun industry.
Snellius
(6,881 posts)Airlines that refuse to fly them. Banks that refuse to finance them. Restaurants that refuse to serve them. And who ask their workers what they vote to do. Like soviets.
Marx's head must be spinning in his grave.
Mr.Bill
(24,376 posts)and Banks are not mentioned.
Snellius
(6,881 posts)who think mobs of dark people are going to cut it off.
appalachiablue
(41,212 posts)Crowman2009
(2,507 posts)They mistakenly assumed that this whole "Corporations are people" BS was not going to affect them.
Turbineguy
(37,422 posts)Who knew?
Jake Stern
(3,145 posts)Capitalism, baby.
bitterross
(4,066 posts)They must have run the numbers and found they'll lose more customers than the fees they'll make from people like Ramey.
I don't for one minute think the people who brought us the 2008 crash and just got the banking regulations rolled back more have suddenly grown a soul.
MicaelS
(8,747 posts)Another law like the PLCAA.
drray23
(7,638 posts)Support not allowing marijuana businesses to use the banking system. But of course, if a bank decides to not do business with gun manufacturers they are all bend out of shape.
world wide wally
(21,762 posts)How is anyone supposed to rob a bank without a gun?
Demobrat
(9,043 posts)Wells Fargo continues to be the primary bank for the NRA. Their rationale- its not the banks place to set public policy. Yeah.
So I suspect the Gary Rameys of the world will have no problem finding someone to take their business.
Initech
(100,151 posts)The second amendment is not absolute! Of course knowing the NRA, they will simply pay off a few Congressmen to enact legislation that says banks can't do this. Fuck.
YOHABLO
(7,358 posts)But we do make a difference.
Takket
(21,721 posts)if you don't like one bank's policies you can go to business with another one. That is free enterprise