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Friday, March 23, 2018

Citigroup Enforces Gun Control Restrictions On Customers

Citigroup is setting restrictions on the sale of firearms by its business customers.

As a reminder, Andrew Ross Sorkin wrote in the NY Times that banks could control guns, if Washington won't.

Liberty Blitzkrieg's Mike Krieger exclaimed that even in today’s world replete with plutocrat public relations masquerading as journalism,it’s rare to encounter an article simultaneously pandering, authoritarian, childish and dumb. Nevertheless, I found one, and it was unsurprisingly published in The New York Times.

The title of the piece more or less says it all, How Banks Could Control Gun Sales if Washington Won’t, but let’s go ahead and examine some of the author’s suggestions in greater detail. For instance:

Here’s an idea.

What if the finance industry — credit card companies like Visa, Mastercard and American Express; credit card processors like First Data; and banks like JPMorgan Chase and Wells Fargo — were to effectively set new rules for the sales of guns in America?

Collectively, they have more leverage over the gun industry than any lawmaker. And it wouldn’t be hard for them to take a stand.

PayPal, Square, Stripe and Apple Pay announced years ago that they would not allow their services to be used for the sale of firearms.

If Visa and Mastercard are unwilling to act on this issue, the credit card processors and banks that issue credit cards could try. Jamie Dimon, chief executive of JPMorgan Chase, which issues credit cards and owns a payment processor, has talked about how he and his bank have “a moral obligation but also a deeply vested interest” in helping “solve pressing societal challenges.” This is your chance, Mr. Dimon.

That was followed by Dick's Sporting Goods, who said they would no longer sell high-capacity magazines and that they would not sell any gun to anyone under 21 years of age, regardless of local laws.

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5 comments:

Anonymous said...

And my oh my look how Paypal, square, stripe and apple pay just destroyed the gun business!!

Anonymous said...

Dave T: ridiculous

Concerned Retiree said...

This means shop locally and pay cash. Then what will the C/C companies do when their business grows smaller. Been paying cash for years don't need their convenience and allow them to control my money and what we buy with their C/C. They need us not we need them.

Anonymous said...

I pay cash and buy personally at every chance. Built my own receivers, too. No confusing number to deal with...

lmclain said...

They have some "deeply vested interests" for sure.
None of their interest is directed at "we, the people".

No one asked him how many men with guns protect him?
How many men with guns watch his house and family?

What he SHOULD say is "I'm not against guns, I'm against OTHER people having them".
Nazi AND hypocrite.

And he won't affect a thing.
There are THOUSANDS of unregistered weapons in this county alone. No one is taking a credit card when they change hands, you dummy.
Good luck with all that.