Rahm Emanuel to banks: Hey, how about you stop serving firearms manufacturers?

posted at 1:11 pm on January 25, 2013 by Erika Johnsen

Via Politico… just wow. Welcome to Chicago, I suppose:

Emanuel is sending letters to two major financial institutions, TD Bank and Bank of America, which offer lines of credit to gun makers suggesting that they stop lending money to the manufacturers if they don’t come out for new gun restrictions.

“TD Bank currently aids the gun manufacturing industry through a $60 million revolving line of credit with Smith & Wesson, a gun manufacturer that produces the AR-15 — an assault weapon that was used by James Holmes to kill 12 people and wound 58 in a crowded movie theatre in Aurora,” Emanuel’s missive to TD CEO Bharat Masrani states. “I ask you to use your influence to push this company to find common ground with the vast majority of Americans who support a military weapons and ammunition ban and comprehensive background checks.”

Noting that Chicago’s municipal employees and teachers had already divested money in pension funds from gun makers that are opposing new gun laws, the White House chief of staff-turned-mayor wrote: “Now we need you and other commercial banks to join this fight for safer streets. Collectively we can send a clear and unambiguous message to the entire gun industry that investors will no longer financially support companies that profit from gun violence.”

Emanuel sent a similarly worded letter to Bank of America CEO Brian Moynihan, a bank that does business with Sturm, Ruger & Co.

Actually, I’m pretty sure that Sturm, Ruger & Co’s and Smith & Wesson’s profits don’t come from gun violence, but rather from the millions of law-abiding American citizens legally buying their completely legal products — and that includes military and law enforcement, I might add. And Emanuel is lobbying these major and publicly traded financial institutions to actively discriminate against law-abiding companies that don’t happen to support his entirely political gun-related agenda? A political agenda which, by the way, will not help to reduce violent crime? Would this even hold up in a court of law?

It’s like they’re not even trying to hide the lobbying, cronyism, and corruption anymore. Kind of like someone else we all know over in Chicago-on-the-Potomac.


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Comment pages: 1 2

There’s already a few examples of Bank of America doing just that…

Kaptain Amerika on January 25, 2013 at 1:14 PM

Rahm Emanuel to banks: Hey, how about you stop serving firearms manufacturers?

Hey Rahm, you little Marxist monkey boy, how about you go to heII

SWalker on January 25, 2013 at 1:15 PM

This whole thing is starting to reek of desperation…

Gatsu on January 25, 2013 at 1:15 PM

Egg to investors – Don’t buy City of Chicago bonds.

Steve Eggleston on January 25, 2013 at 1:17 PM

Kind of like someone else we all know over in Chicago-on-the-Potomac.

Ummm, Erika dear, that’s Mordor on the Potomac, not Chicago-on-the-Potomac…

SWalker on January 25, 2013 at 1:17 PM

Yet another example of the fascist state.

rbj on January 25, 2013 at 1:17 PM

Racist Rahm and his killing field he rules.

Go to hell ballerina boy.

tom daschle concerned on January 25, 2013 at 1:17 PM

Rahm Emanuel to banks: Hey, how about you stop serving firearms manufacturers?

Me to Rahm Emanuel: Hey, why don’t you worry about cleaning up the streets of your city of all the gang-bangin’, murderin’ thugs?

Bitter Clinger on January 25, 2013 at 1:18 PM

Egg to investors – Don’t buy City of Chicago bonds.

Steve Eggleston on January 25, 2013 at 1:17 PM

Are there actually investors stupid enough to buy City of Chicago bonds?

SWalker on January 25, 2013 at 1:18 PM

PD Quig to firearm manufacturers: “How about you provide free firearms to anyone who commits to erasing a few layers of liberal politicians”?

PD Quig on January 25, 2013 at 1:18 PM

“Mr Fox, a Senior Vice President of your company came to my office and told me BOA no longer wants my business because we make firearms.”

https://www.facebook.com/McMillanGroupInternational

http://www.wnd.com/2013/01/bank-of-america-freezes-gun-makers-account/?cat_orig=politics

Kaptain Amerika on January 25, 2013 at 1:19 PM

Yep, BoA is already onboard…

Now Holder starts: http://thehill.com/blogs/regwatch/pending-regs/279345-holder-begins-gun-control-push

Limerick on January 25, 2013 at 1:19 PM

BofA is a very important part in this equation. They control the largest clearance service of bank cards in the US. Even when you do business with an alternate processor, it’s usually via a contract with BofA. Without a Card Clearing source, almost ALL businesses are sitting in the water.

Interestingly, maybe this is going to bring back cash based transactions – which makes it much more difficult for the government to track how you use your money.

2nd Ammendment Mother on January 25, 2013 at 1:19 PM

Fascist, straight up.

Rebar on January 25, 2013 at 1:19 PM

Hey it worked in Germany. There Hitler persuaded German companies to stop doing business with jewish companies.

MoreLiberty on January 25, 2013 at 1:20 PM

I think this would qualify as a bill of attainder.

BobMbx on January 25, 2013 at 1:20 PM

Time to break the banks.

besser tot als rot on January 25, 2013 at 1:22 PM

Yep, BoA is already onboard…

Now Holder starts: http://thehill.com/blogs/regwatch/pending-regs/279345-holder-begins-gun-control-push

Limerick on January 25, 2013 at 1:19 PM

It is the beginning of this What is the Truth? Is Obama’s soft Marxist Coup turning Hard?

SWalker on January 25, 2013 at 1:22 PM

Are there actually investors stupid enough to buy City of Chicago bonds?

SWalker on January 25, 2013 at 1:18 PM

They’re the same type who buy Greek debt.

Steve Eggleston on January 25, 2013 at 1:22 PM

The banks should stop assisting or buying Illinois bonds.

WashJeff on January 25, 2013 at 1:22 PM

If it was not for the government telling them to there is nothing wrong with a bank choosing who to do business with and who not to do business with. The only concern the government should have in banks is ensuring they are not doing business in such a way as to risk the government guarantees on deposits.

astonerii on January 25, 2013 at 1:22 PM

I think this would qualify as a bill of attainder.

BobMbx on January 25, 2013 at 1:20 PM

Looks like it really is Lion Girding time…

SWalker on January 25, 2013 at 1:23 PM

rahm, how about those of us who want to keep our 2nd take ALL our money out of banks who goes along with your anti-American suggestion? That might give the banks a re-think?
L

letget on January 25, 2013 at 1:24 PM

letget on January 25, 2013 at 1:24 PM

I’ve been debating withdrawing everything simply so it can’t just vanish overnight via a federal grab…if my bank does this I will.

MelonCollie on January 25, 2013 at 1:26 PM

I’m sure companies like Dicks and Groupon and a few others who are now discriminating against gun owners also got a call from one of Obama’s cronies offering rewards in return for going along with their gun grabbing.

clearbluesky on January 25, 2013 at 1:26 PM

I think this would qualify as a bill of attainder.
 
BobMbx on January 25, 2013 at 1:20 PM

 
“Is he related to that Ben guy?”
 
- Half of our electorate

rogerb on January 25, 2013 at 1:28 PM

Commerce Clause! Count It!

Del Dolemonte on January 25, 2013 at 1:28 PM

Banks shouldn’t lend to the City of Chicago.

No city that is so poor at controlling gun violence should be receiving bank loans.

Realist on January 25, 2013 at 1:29 PM

Bank of America is one of the worst banks for consumers. Even if you are not a gun owner you should avoid them at all cost.

Barred on January 25, 2013 at 1:30 PM

Yet another example of the fascist state.

rbj on January 25, 2013 at 1:17 PM

And, in the suburbs of Chicago…

They were arrested for interfering with the installation of so called Smart Meters at their homes.

Fallon on January 25, 2013 at 1:30 PM

GE Capital has done this to a local (and on the internet) gun shop:

https://www.facebook.com/budsgunshop/posts/10151192098761722

ChipDaddy on January 25, 2013 at 1:31 PM

So Bank of America will not loan money to American Companies who employ American Citizens that happen to make guns that law abiding American Citizens buy……

But it will happily give a credit card and home loan to an Illegal Alien???

WTF???? Now I recall why I moved from BA 10 years ago…that and the worst customer service on planet earth….

SDarchitect on January 25, 2013 at 1:31 PM

Welcome to Chicago Chavez and his Venezuela, I suppose:

FIFY.

Chicago………..hurling headlong into the Darkness.

PappyD61 on January 25, 2013 at 1:32 PM

Hey Rahm…how about asking restaurants to stop serving Gang Members, first? Idjit.

kingsjester on January 25, 2013 at 1:33 PM

Seems he learned nothing from the Chik-A-Fil thing.
If you wanna advocate for changing laws…do that. Passionately.
But I haven’t heard that S&W is operating illegally – or that they are somehow precluded from having relationships with banks.
What’s next – asking the USPS to stop bringing them their mail?

verbaluce on January 25, 2013 at 1:34 PM

What a dick.

Polish Rifle on January 25, 2013 at 1:34 PM

Gee, the last time the Democratic left forced the banks through such open and blatant intimidation, it resulted in the mortgage crisis which brought down the economy of the world. I wonder if this time it will succeed in destroying the freedom from tyranny which they seek so badly. Why do good people tolerate such evil in their midst? Answer-the don’t. No good person can knowingly vote for these purveyors of evil.

Don L on January 25, 2013 at 1:34 PM

Here is a link as to what happens when you chap the nra/2nd bunch! Love IT! Keep it up anti-2nd and you and your whole bunch will be sol?

http://www.theblaze.com/stories/2013/01/24/nations-biggest-sports-and-outdoor-show-postponed-indefinitely-following-massive-boycott-over-new-policy-banning-semi-automatic-rifles/
L

letget on January 25, 2013 at 1:35 PM

This kind of reminds me of city officials boycotting Chic-fil-a.

This kind of flagrant abuse of State power to target private individuals or enterprises, the media joining forces with the State, the systematic deligitmization of our heritage (see: “the founding fathers were slavers!”) and big business also partnering with the State add up to fascism. It’s fascism and that’s what I’ll call it.

I’d say the “American Experiment” is doomed, but I think it’s actually already over. Some people just haven’t noticed yet because they still have their creature comforts – for now – unless you like Chic-fil-a or guns or cigarettes….

forest on January 25, 2013 at 1:36 PM

Emanuel is sending letters to two major financial institutions, TD Bank and Bank of America, which offer lines of credit to gun makers suggesting that they stop lending money to the manufacturers if they don’t come out for new gun restrictions.

Substitute “gun makers” with “home builders” and “gun restrictions” with “restricting home loans to minorities outside of their traditionally neighborhoods” and you have the democrat party of the 1950′s. They don’t change.

AZfederalist on January 25, 2013 at 1:36 PM

Egg to investors – Don’t buy City of Chicago bonds.

Steve Eggleston on January 25, 2013 at 1:17 PM

Egg to investors – Don’t buy City of ChicagoIllinois bonds.

FIFY!

belad on January 25, 2013 at 1:37 PM

Bank of America is one of the worst banks for consumers. Even if you are not a gun owner you should avoid them at all cost.

Barred on January 25, 2013 at 1:30 PM

Abandon ALL BANKS, begin to disengage from electronic commerce.

Pay cash, or whatever the transaction requires. Lots of local businesses now are glad to get cash so they don’t have to pay the swipe fees.

PappyD61 on January 25, 2013 at 1:39 PM

Rahmit – Kiss my @ss!

I will not do business with any bank that caves.
I WILL give my business to any bank that publicly tells him to shove it.

dentarthurdent on January 25, 2013 at 1:40 PM

Do they really think they can make people equate personal protection to cigarettes?

Cindy Munford on January 25, 2013 at 1:43 PM

I have an idea.

How about banks that support gun manufacturers put token blacks in charge of the bank? Not only do the donkeys often accuse businesses of doing this but this would flip the donkeys into a no-win situation.

If they retaliated against the banks that did this, the banks could credibly claim racial retaliation. If they tried to prove it was a pretext move by the banks, they would put Sharpton and Jackson almost out of business.

What’s not to like?

platypus on January 25, 2013 at 1:43 PM

dentarthurdent on January 25, 2013 at 1:40 PM

If the rumors are true, you can’t make fire arm or ammo purchases with Bank of America credit cards.

Cindy Munford on January 25, 2013 at 1:44 PM

How about if the gun industry, taking a page out of the Ronnie Barrett book, stops doing any business with the City of Chicago, and the entire governmental structure of Illinois, until it gets its head straight?

Another Drew on January 25, 2013 at 1:48 PM

Yeah, I like that Egg. Stop buying Chicago and NYC bonds and don’t do any business with banks that sign on to this.
Psst, You want to be really subversive, stop buying US treasuries!

Iblis on January 25, 2013 at 1:48 PM

Another Drew on January 25, 2013 at 1:48 PM

Good idea, let Rahm’s police department get their weapons from China.

Cindy Munford on January 25, 2013 at 1:49 PM

Vice President Biden speaks after meeting with officials in Virginia on gun control – @mikememoli

1 min ago from t.co by editor

https://twitter.com/mikememoli
================================

DRUDGE REPORT ‏@DRUDGE_REPORT

HOLDER MOVES ON GUNS… http://drudge.tw/WVTsPB

NRA News ‏@NRANews

Holder begins gun-control push – http://thehill.com/blogs/regwatch/pending-regs/279345-holder-begins-gun-control-push … #NRA (via @TheHill)
=============

https://twitter.com/search?q=%23guncontrol

canopfor on January 25, 2013 at 1:49 PM

Guess we know where fund from the next stimulus package/bailouts will go to.

earlgrey133 on January 25, 2013 at 1:52 PM

If the membership of the NRA pulled out of B of A, I doubt they would survive…that’s the problem, the membership of the NRA has more money clout than Rahm, even with all of his veiled threats.

right2bright on January 25, 2013 at 1:53 PM

If TD Bank stops servicing S&W, I’m closing my account(and I’m assuming that there’s more that will do the same.) It would be a stupid business decision to PO all gun owners by doing so.

Egg to investors – Don’t buy City of Chicago bonds.

Steve Eggleston on January 25, 2013 at 1:17 PM

That was a bad idea to begin with, given the default risk.

blammm on January 25, 2013 at 1:54 PM

Isn’t Rahm the guy who angrily confronted another guy in the shower at a gym?

This guy is creepier than Biden is with biker waitresses.

Liam on January 25, 2013 at 1:55 PM

Didn’t gun manufacturers pay some of the taxes that were used to bail out the very banks who are now refusing to service them? This is another example of why governments bank bailouts are unjust.

CrustyB on January 25, 2013 at 1:55 PM

If the rumors are true, you can’t make fire arm or ammo purchases with Bank of America credit cards.

Cindy Munford on January 25, 2013 at 1:44 PM

I don’t have anything from them now – and I definitely will not ever.
The only cards I have are through USAA and Cabela’s (which goes through something called “World’s Foremost Bank” – never heard of that one before). No indication on any of my cards as to any relation to any other banks.

dentarthurdent on January 25, 2013 at 1:56 PM

Noting that Chicago’s municipal employees and teachers had already divested money in pension funds from gun makers that are opposing new gun laws …

I’m guessing those share blocks lasted about 0.32 seconds on the market … and were likely snatched up by the investment arms of some large bank.

M240H on January 25, 2013 at 1:56 PM

Awe Tiny Dancer has Napoleon Syndrome STFU Douchebag!

jeglinas on January 25, 2013 at 1:58 PM

I’m already in the process of moving my money out of BoA because of their actions on this issue.

I hope the bank withers and dies.

Nessuno on January 25, 2013 at 1:59 PM

2 words – credit union. Everyone should support their local credit union.

karenhasfreedom on January 25, 2013 at 2:00 PM

Is it even legal for him to do this on the tax payers dime?

Dr. Frank Enstine on January 25, 2013 at 2:00 PM

Hey Rahm, you little Marxist monkey boy, how about you go to heII

SWalker on January 25, 2013 at 1:15 PM

Too late! Not only is he already there, but he is running the place as well!

Or didn’t you get the memo that Hell is now known as CHICAGO?

pilamaye on January 25, 2013 at 2:00 PM

Pay cash, or whatever the transaction requires. Lots of local businesses now are glad to get cash so they don’t have to pay the swipe fees.

PappyD61 on January 25, 2013 at 1:39 PM

It won’t help. In Russia of 1999, all bank accounts were frozen, and all bank notes were declared invalid overnight. The government eventually unfroze the bank accounts, after replacing a very limited amount per capita to the new notes. This way, a monstrous amount of capital was flushed out of black market into the government’s pocket. I fully expect Fedzilla to eventually follow suit. Tyrannies of a feather…

Archivarix on January 25, 2013 at 2:01 PM

Actually, I’m pretty sure that Sturm, Ruger & Co’s and Smith & Wesson’s profits don’t come from gun violence, but rather from the millions of law-abiding American citizens legally buying their completely legal products — and that includes military and law enforcement, I might add.

Well, Erika, in one sense they are profiting from violence – because an awful lot of those law-abiding American citizens are legally buying those completely legal products because they fear the violence of the gangbangers, rapists, murderers, and other felonious folk at the fringe of society. Of course, by that measure, everyone that supplies the police (or the bodyguards of government officials and celebrities) – from uniforms to belts to radios to flashlights to vehicles – is also profiting from violence and should cease doing business immediately……..

GWB on January 25, 2013 at 2:05 PM

IME the small local banks don’t do this sort of thing.

And if enough people say ENOUGH neither will BoA and the other crony firms.

CorporatePiggy on January 25, 2013 at 2:07 PM

I’m betting that this is part of the “under the radar” stuff that BO claimed he was going to do. The grabbers are going at it from as many angles as they can hoping something big will stick. All these little intimidation and laws making it harder to get a firearm legally. I always thought that the best way to semi-ban firearms was to make them impossible to get. Same with ammo. Just restrict and intimidate it out of existence. We retain our 2nd amendment rights but have no way to exercise them.

Dr. Frank Enstine on January 25, 2013 at 2:07 PM

I should request some legal input on this from those that know, but in a round about way, what Rahm said may be unconstitutional.

The basics of my thoughts.
1) Line of credit is essential to stay in business.
2) Producing a perfectly legal product
3)Number of producers provide competition ( variety and lower price)
4)Pulling the line threatens business.
5) Producers either stop making perfectly legal product or
5a) Producers go out of business
6) Supply goes down, choices reduced, prices go up.
7) Right to keep and bear arms infringed.

Protests are one thing. But a politician cannot ask that a perfectly legal operation be punished.

Just mulling things over.

Jabberwock on January 25, 2013 at 2:08 PM

If the rumors are true, you can’t make fire arm or ammo purchases with Bank of America credit cards.

Cindy Munford on January 25, 2013 at 1:44 PM

I’ll let you know: I have one and I’m going shopping in a few…

affenhauer on January 25, 2013 at 2:08 PM

I’ll let you know: I have one and I’m going shopping in a few…

affenhauer on January 25, 2013 at 2:08 PM

Keep us posted.

MelonCollie on January 25, 2013 at 2:09 PM

You folks in the windy city sure are lucky to have such a fine Mayor.

Bmore on January 25, 2013 at 2:09 PM

S&W’s line of M&P15 rifles are some of the best a most afordable on the market. Here’s hoping S&W is able to find a new pro 2nd Amendment bank should their bank follow through with these thug tactics.

jawkneemusic on January 25, 2013 at 2:10 PM

affenhauer on January 25, 2013 at 2:08 PM

Please keep us updated, I hope it is just an ugly rumor.

Cindy Munford on January 25, 2013 at 2:13 PM

If the rumors are true, you can’t make fire arm or ammo purchases with Bank of America credit cards.

Cindy Munford on January 25, 2013 at 1:44 PM

Last week, I paid for range time and practice ammo with one – and I live in the Heart of Evil, otherwise known as New Jersey. I doubt the issuing bank has any say in how I use the card, though.

Archivarix on January 25, 2013 at 2:15 PM

Seems he learned nothing from the Chik-A-Fil thing.
If you wanna advocate for changing laws…do that. Passionately.
But I haven’t heard that S&W is operating illegally – or that they are somehow precluded from having relationships with banks.
What’s next – asking the USPS to stop bringing them their mail?

verbaluce on January 25, 2013 at 1:34 PM

Whoa. I agree with you on something. There’s hope for you yet.

Bitter Clinger on January 25, 2013 at 2:17 PM

If the rumors are true, you can’t make fire arm or ammo purchases with Bank of America credit cards.

Cindy Munford on January 25, 2013 at 1:44 PM

I would think that would be illegal and could open them up to a massive class action lawsuit. I would think that a bank could not restrict you from using their services for any legal product. That’s blatant discrimination against both the consumer and the producer. If it’s true I would hope that someone like the NRA goes after them. Heck, I hope lats of business get together and go after them. Today guns and tomorrow who knows what? Alcohol? Smoking? Soda? Snack foods? This is one door I don’t think the banks or feds would be smart to open. Imagine your life being run and restricted not by the government but by the banks. As far as cash goes. All the almighty banks have to do is refuse to do business with businesses that use cash and there goes a large percentage of you ability to buy what you want and where you want.

Dr. Frank Enstine on January 25, 2013 at 2:19 PM

If the rumors are true, you can’t make fire arm or ammo purchases with Bank of America credit cards.

Cindy Munford on January 25, 2013 at 1:44 PM

Not true.

Falls into the same category as the “Walmart stopped selling ammo” rumor. Which is also demonstrably false.

CorporatePiggy on January 25, 2013 at 2:21 PM

Ok… I propose a close your accounts at Bank of America day.

They want to play hardball? Lets play hardball.

Skywise on January 25, 2013 at 2:21 PM

Archivarix on January 25, 2013 at 2:15 PM

Thanks, you know how the internet can be!

Dr. Frank Enstine on January 25, 2013 at 2:19 PM

I agree, it does seem impossible. I can’t imagine that even customers uninterested in firearms would appreciate their fellow cardholders being limited in their purchases.

Cindy Munford on January 25, 2013 at 2:22 PM

If the rumors are true, you can’t make fire arm or ammo purchases with Bank of America credit cards.

Cindy Munford

If the rumor was true, you wouldn’t be wondering if the rumor was true. It would be the lead story on every national news outlet in the country. That’s not to say it won’t be true eventually though. You’ll know it when it is.

xblade on January 25, 2013 at 2:22 PM

CorporatePiggy on January 25, 2013 at 2:21 PM

Thanks.

Cindy Munford on January 25, 2013 at 2:23 PM

Seems he learned nothing from the Chik-A-Fil thing.
If you wanna advocate for changing laws…do that. Passionately.
But I haven’t heard that S&W is operating illegally – or that they are somehow precluded from having relationships with banks.
What’s next – asking the USPS to stop bringing them their mail?

verbaluce on January 25, 2013 at 1:34 PM

Body snatcher alert!!!
Where is the real verbalunatic and what have you done with him?
Did somebody hack his account?
This post is actually downright reasonable.
Something is wrong…..

dentarthurdent on January 25, 2013 at 2:24 PM

If the rumors are true, you can’t make fire arm or ammo purchases with Bank of America credit cards.
Cindy Munford on January 25, 2013 at 1:44 PM

I bought some ammo online recently and didn’t have a problem. I didn’t have a problem with BoA at all until they started attacking gun stores. Now I’m in the market for a new card.

MechanicalBill on January 25, 2013 at 2:24 PM

If these two banks heed this lunatic’s wishes, I’m sure there are other smaller banks who will gladly step in for the business. That’s the free market, which liberals hate partly because it limits their power to control.

Seems Rahm didn’t learn from the Chik-Fil-A stunt that backfired on him and his crony. What is this Chicago thug trying to do–compete with Bloomberg for the title of mayor-most-listened-to?

Dorothy doesn’t realize she’s not in Kansas anymore.

Liam on January 25, 2013 at 2:25 PM

xblade on January 25, 2013 at 2:22 PM

I don’t know. I could see the media not covering a story like that if they thought it agreed with them. I just compare it to Ed’s thread with the comparison of the media’s handling of Benghazi and Abu Ghraib. But I’d rather have truth.

Cindy Munford on January 25, 2013 at 2:26 PM

He’s so gay.

Akzed on January 25, 2013 at 2:27 PM

MechanicalBill on January 25, 2013 at 2:24 PM

I highly recommend credit unions.

Cindy Munford on January 25, 2013 at 2:27 PM

But I’d rather have truth.

Cindy Munford on January 25, 2013 at 2:26 PM

The media and libs don’t want you to have the truth. They want you to have only what they want you to have.

dentarthurdent on January 25, 2013 at 2:27 PM

I highly recommend credit unions.

Cindy Munford on January 25, 2013 at 2:27 PM

Yes. And if you’re prior military – USAA.
Those are the only accounts I have.

dentarthurdent on January 25, 2013 at 2:29 PM

All gun manufacturers should stop and I mean right now doing any buisness with Chicago. No sales to cops or municipalities period.

lakeman on January 25, 2013 at 2:30 PM

Make sure these same banks keep giving home loans out to people with no income, no assests, and no job though.

trs on January 25, 2013 at 2:31 PM

If these two banks heed this lunatic’s wishes, I’m sure there are other smaller banks who will gladly step in for the business. That’s the free market, which liberals hate partly because it limits their power to control.

Seems Rahm didn’t learn from the Chik-Fil-A stunt that backfired on him and his crony. What is this Chicago thug trying to do–compete with Bloomberg for the title of mayor-most-listened-to Moonbatville?

Dorothy doesn’t realize she’s not in Kansas anymore.

Liam on January 25, 2013 at 2:25 PM

FIFY

Bitter Clinger on January 25, 2013 at 2:32 PM

Hot off the presses:

Standard & Poor’s Ratings Services lowered its rating on Illinois’ general obligation (GO) bonds to ‘A-’ from ‘A’. At the same time, Standard & Poor’s assigned its ‘A-’ rating to the state’s $500 million GO bonds of February 2013. The outlook is negative.

“The downgrade reflects what we view as the state’s weakened pension funded ratios and lack of action on reform measures intended to improve funding levels and diminish cost pressures associated with annual contributions,” said Standard & Poor’s credit analyst Robin Prunty…

Ah… living in Illinois, what a treat!

Fallon on January 25, 2013 at 2:34 PM

I would think that would be illegal and could open them up to a massive class action lawsuit. I would think that a bank could not restrict you from using their services for any legal product.

Dr. Frank Enstine on January 25, 2013 at 2:19 PM

Well, that’s not entirely true. They might not easily prevent you from using their transaction vehicle (the card) from buying a particular product, but they can put conditions on the businesses with whom they will interact. You can hear this in the commercials for one of the prepaid cards that you are supposed to put your tax refund on: “Not usable at all merchants” and “Restrictions Apply”. If only certain companies can join their finance arrangement, then they effectively could prevent you from buying gun-related products. (They could only let companies into the arrangement if they promise not to sell firearms or accessories or ammunition, for example.)

Remember that the card is the bank’s property. Most of the card agreements you sign have escape clauses for the issuer so they can stop your use of the card at any time for any reason. If they violate the clear meaning of their agreements then you can hammer them. But, remember that lawyers write these things……..

GWB on January 25, 2013 at 2:35 PM

I paid for range time and practice ammo with one – and I live in the Heart of Evil, otherwise known as New Jersey. I doubt the issuing bank has any say in how I use the card, though.

I suspect that is another avenue that the Left will explore in pressuring financial institution to block such transactions to keep anything to do with firearms more difficult for law abiding and responsible citizens.

RE and his ilk prefer that only government and gangs be armed so both can have the power to terrorize the population.

He is going after banks instead of gangsters, ’cause the banks are much softer targets which can be more easily intimidated and are often populated with decision makers with the same political mindset…..and the bankers don’t tend resist violently either.

hawkeye54 on January 25, 2013 at 2:36 PM

Emanuel is sending letters to two major financial institutions, TD Bank and Bank of America, which offer lines of credit to gun makers suggesting that they stop lending money to the manufacturers if they don’t come out for new gun restrictions.

TD Bank currently aids the gun manufacturing industry through a $60 million revolving line of credit with Smith & Wesson, a gun manufacturer that produces the AR-15 — an assault weapon that was used by James Holmes to kill 12 people and wound…

Tortious interference with a contract, anyone?

Resist We Much on January 25, 2013 at 2:51 PM

Ah… living in Illinois, what a treat!

Fallon on January 25, 2013 at 2:34 PM


Chart of the Day: Illinois Democrats Were Soooo Certain They Were Right And Scott Walker Was Wrong

M2RB: Ronnie James Dio

:-)

Resist We Much on January 25, 2013 at 2:53 PM

Right, pull investments out of solid, profitable businesses.
Presumably to put the money into the next Solyndra, right?
And people wonder why the pension systems are in trouble.

krome on January 25, 2013 at 2:54 PM

Bank of America is one of the worst banks for consumers. Even if you are not a gun owner you should avoid them at all cost.

Barred on January 25, 2013 at 1:30 PM

^^^^THIS!!^^^^

x100

Solaratov on January 25, 2013 at 3:05 PM

Keep us posted.

MelonCollie on January 25, 2013 at 2:09 PM

Please keep us updated, I hope it is just an ugly rumor.

Cindy Munford on January 25, 2013 at 2:13 PM

Put it on Snopes: got a couple hundred dollars worth of hollow-point on the BoA card (Mrs A is gonna be pissed)…

affenhauer on January 25, 2013 at 3:14 PM

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