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Big Banks Target the Bill of Rights

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The American people lent $45 billion to Bank of America during the bailout. That bailout came with a hefty $100 billion guarantee against losses on toxic assets. 

That money came from American taxpayers. It came from gun owners and non-gun owners.

But Bank of America has warned that it will refuse to lend money to manufacturers of "assault-style guns". It had previously announced it was edging away from the coal business to fight global warming.

Citigroup got $476 billion in cash and guarantees: the most of any bank. Now Citibank is repaying the generosity of the American people by requiring its clients to impose their own gun control policies on their stores. Impose gun control on your customers or Citibank will discriminate against you.

Next up is Wells Fargo. The stagecoach brand has said that it's up to the government to impose gun control, but that it is discussing gun safety with its clients. That's not enough for outraged activists. The American Federation of Teachers, an organization that runs on extorting money from teachers and taxpayers, warned Wells Fargo that it had to choose between firearms manufacturers and the AFT.

Bank of America announced its move to Bloomberg. The eponymous media outlet is associated with the billionaire sugar daddy of the anti-second amendment lobby. That wasn't a coincidence. Neither was Citigroup making its announcement through Ed Skyler, Bloomberg's former Deputy Mayor.

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