Gun Control Activists Want to Punish Banks That Finance Gun Industry

It wasn’t too long ago that Obama said he had a pen and a phone.

If he couldn’t get Congress to pass the laws he wanted, he would do as much as he could by executive order.

We on the Right didn’t like that, because Obama got more of his far-left agenda implemented that way.

Trump has done this as well in some cases.

We didn’t mind that so much since we agreed with what he was doing.

It’s not the best way to implement laws, but at least it’s legal and it’s transparent. Executive orders are public record, so the public can see what’s being implemented.

What some in Congress are trying to do to banks that service gun companies is another thing entirely.

Congress doesn’t have the votes to pass legislation to prevent banks from giving financing to gun companies.

They can’t prevent payment services companies from working with gun companies, either. Not with legislation anyway.

According to the NRA, some in Congress have been doing an end run around legislation, however.

They’ve been threatening and trying to shame a few of the biggest banks that control most of the money.

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Zero Hedge writes about the situation:

Alexandria Ocasio-Cortez (D-NY) now sits on the House Financial Services Committee, which is involved in banking oversight.

Ocasio-Cortez already seems quite at home in her new position and just fine with doing whatever it takes (ethical or not) to push her agenda. She recently told Politico, “There’s more than one way to skin a cat, and not everything has to be done through legislation explicitly. We can also use the tools that we have here to pressure change in other ways as well.”

The NRA explains what these tactics will do:

That includes the implicit threat of telling regulated entities they are now on the Official Naughty List for not toeing the political line and unleashing activist hordes to bombard their social media feeds with defamatory accusations or to perhaps take more drastic action in the real world.

The NRA also describes how another House member, Carolyn Maloney, tried to threaten Wells Fargo, but they stood firm.

Rep. Carolyn Maloney (D-NY) went so far as to berate the president and CEO of Wells Fargo Bank during a public oversight hearing for refusing to buckle to the pressure of the anti-gun lobby’s demands.

“How bad does the mass shooting epidemic have to get before you will adopt common sense gun safety policies like other banks have done?” Maloney demanded to know.

To his credit, the Wells Fargo executive stood firm, replying, “We just don’t believe that it is a good idea to encourage banks to enforce legislation that doesn’t exist.”

It’s gotten so bad that two Republicans in the House have introduced a bill that prevents banks from discriminating against firearms companies.

Normally, I think government should stay out of everything and not make new laws that amount to telling businesses what they are and aren’t allowed to do.

The free market only works to the extent that it is actually free.

However, this law is needed to protect the Second Amendment to the Constitution and prevent members of Congress from exerting undue influence on banks.


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Influence that could amount to strong-arming banks into forcing gun companies to adopt defacto gun control policies.

In effect, this law is not a regulation on businesses, it’s actually a law that will limit Congress from using its influence wrongly.

We probably need some more laws like that, to be honest.

What do you think about Congress trying to pressure and threaten banks to enact defacto gun control? Hit reply and share your thoughts.

warmly

–Ashleigh Dunn

 

 

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