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News Link • Gun Rights

Louisiana Bans BofA, Citi From Bond Sale Over "Restrictive Gun Policies"

• https://www.zerohedge.com, by Tyler Durden

Louisiana's state's bond commission voted 7 to 6 Thursday to ban Bank of America and Citigroup from working on its upcoming debt sale because of the banks' "restrictive gun policies," the state treasury said in a statement, according to Bloomberg.

As states begin using the bond market in retaliation against Wall Street and to stick up for the Second Amendment, Bank of America and Citigroup - the two top-ranked underwriters of long-term municipal debt - stand to lose millions in muni revenue.

"I personally believe the policies of these banks are an infringement on the rights of Louisiana citizens," Treasurer John Schroder said in a statement. "As a veteran and former member of law enforcement, I take the Second Amendment very seriously."

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