vacuum
10th April 2018, 10:08 PM
If anyone here has a Bank of America account, I strongly suggest closing it.
https://www.washingtontimes.com/news/2018/apr/10/bank-america-cuts-gun-companies-make-military-styl/
(https://www.washingtontimes.com/news/2018/apr/10/bank-america-cuts-gun-companies-make-military-styl/)
Bank of America will no longer lend to companies that make ‘military-style’ weapons
https://twt-thumbs.washtimes.com/media/image/2018/04/10/AP_356679116260_c0-136-4752-2906_s885x516.jpg?864e251f1cbb2d4bff147552cd4febac 54d63e2c (https://www.washingtontimes.com/multimedia/image/ap_356679116260jpg/)
FILE - In this July 16, 2013 file photo, a customer uses a Bank of America ATM in downtown Charlotte, N.C. Bank of America reports quarterly financial results on Wednesday, Oct. 15, 2014. (AP Photo/Chuck Burton, File) more (https://www.washingtontimes.com/multimedia/image/ap_356679116260jpg/)
Bank of America (https://www.washingtontimes.com/topics/bank-of-america/) officially took sides in America’s gun debate Tuesday, announcing it would no longer make loans to companies that make “military-style” weapons.
The second-biggest U.S. bank announced Tuesday that it would drop current loan-customers Vista Outdoors, Remington and Sturm Ruger (https://www.washingtontimes.com/topics/sturm-ruger/), and blackball any other manufacturer of assault weapons.
Bank of America Vice Chairman Anne Finucane (https://www.washingtontimes.com/topics/anne-finucane/)told (https://www.bloomberg.com/news/videos/2018-04-10/bofa-s-finucane-on-coal-lending-to-gun-companies-green-bonds-video) Bloomberg TV on Tuesday her bank has told those companies “it’s not our intent to underwrite or finance military-style firearms.”
“We have had intense conversations over the last few months,” Ms. Finucane (https://www.washingtontimes.com/topics/anne-finucane/) told Bloomberg, a network founded by tycoon and gun-control-financier Michael R. Bloomberg. “And it’s our intention not to finance these military-style firearms for civilian use.”
Ms. Finucane (https://www.washingtontimes.com/topics/anne-finucane/), who is listed at her company biography as head of BoA’s “environmental, social and governance efforts” said she expects to lose at least some of those gun-makers’ other business as well.
“These are clients we have enjoyed a relationship with,” she said. “There are those I think will reduce their portfolios and we’ll work with them and others that will choose to do something else.”
When asked whether Bank of America (https://www.washingtontimes.com/topics/bank-of-america/) would also boycott retailers who sell such weapons, Ms. Finucane (https://www.washingtontimes.com/topics/anne-finucane/) parried the question and didn’t rule it out.
“That’s a good public dialogue, but that’s a ways off,” she said.
https://www.washingtontimes.com/news/2018/apr/10/bank-america-cuts-gun-companies-make-military-styl/
(https://www.washingtontimes.com/news/2018/apr/10/bank-america-cuts-gun-companies-make-military-styl/)
Bank of America will no longer lend to companies that make ‘military-style’ weapons
https://twt-thumbs.washtimes.com/media/image/2018/04/10/AP_356679116260_c0-136-4752-2906_s885x516.jpg?864e251f1cbb2d4bff147552cd4febac 54d63e2c (https://www.washingtontimes.com/multimedia/image/ap_356679116260jpg/)
FILE - In this July 16, 2013 file photo, a customer uses a Bank of America ATM in downtown Charlotte, N.C. Bank of America reports quarterly financial results on Wednesday, Oct. 15, 2014. (AP Photo/Chuck Burton, File) more (https://www.washingtontimes.com/multimedia/image/ap_356679116260jpg/)
Bank of America (https://www.washingtontimes.com/topics/bank-of-america/) officially took sides in America’s gun debate Tuesday, announcing it would no longer make loans to companies that make “military-style” weapons.
The second-biggest U.S. bank announced Tuesday that it would drop current loan-customers Vista Outdoors, Remington and Sturm Ruger (https://www.washingtontimes.com/topics/sturm-ruger/), and blackball any other manufacturer of assault weapons.
Bank of America Vice Chairman Anne Finucane (https://www.washingtontimes.com/topics/anne-finucane/)told (https://www.bloomberg.com/news/videos/2018-04-10/bofa-s-finucane-on-coal-lending-to-gun-companies-green-bonds-video) Bloomberg TV on Tuesday her bank has told those companies “it’s not our intent to underwrite or finance military-style firearms.”
“We have had intense conversations over the last few months,” Ms. Finucane (https://www.washingtontimes.com/topics/anne-finucane/) told Bloomberg, a network founded by tycoon and gun-control-financier Michael R. Bloomberg. “And it’s our intention not to finance these military-style firearms for civilian use.”
Ms. Finucane (https://www.washingtontimes.com/topics/anne-finucane/), who is listed at her company biography as head of BoA’s “environmental, social and governance efforts” said she expects to lose at least some of those gun-makers’ other business as well.
“These are clients we have enjoyed a relationship with,” she said. “There are those I think will reduce their portfolios and we’ll work with them and others that will choose to do something else.”
When asked whether Bank of America (https://www.washingtontimes.com/topics/bank-of-america/) would also boycott retailers who sell such weapons, Ms. Finucane (https://www.washingtontimes.com/topics/anne-finucane/) parried the question and didn’t rule it out.
“That’s a good public dialogue, but that’s a ways off,” she said.