State urges banks, insurers to stop doing business with gun industry
- Thread starter MuttCat
- Start date
Catskillkid
.450/400 Nitro Ex
How will you be making money from a denied transaction?
Bob
6.5 Creedmoor
In turn, I'd like to see the gun industry stop doing business with NYS government.
Imagine what would happen if Glock suddenly refused to sell 5k new handguns to the NYS Police. And when they go to Sig and S&W, those companies tell them to pound sand.
Prince Andrew and AG Schneiderpants would shit themselves if their protective details lost their firearms.
Imagine what would happen if Glock suddenly refused to sell 5k new handguns to the NYS Police. And when they go to Sig and S&W, those companies tell them to pound sand.
Prince Andrew and AG Schneiderpants would shit themselves if their protective details lost their firearms.
We have to cleave ourselves away from these liberal scum. They are scum, subhuman scum!
Jmac00
.475 A&M Magnum
this is extortion and against the law. It restricts free trade. Regardless of the product government can not willfully demand private companies to stop doing business with any other company.
And this coming from Emporer Corruption
And this coming from Emporer Corruption
There's nothing in the credit card agreement you sign about restricting what you can buy. You're only restricted by the limit they set for you. They have NO right to say what you can buy.
Deplorable Me
.700 Nitro Express
Sounds like Andy is implying extortion. He seems to have great experience in the criminal enterprise industry. I wonder if there's a South American banana republic with a management opening of his potential?
It's called 3rd party boycotting... A violation of Federal Law. Let me dig a little deeper and I'll find more. Bottom line is the banks can't control how/where you spend your money. Bloombucks would've jumped all over that to have Banks deny the use of credit or debit card to buy soft drinks! When transaction is legal, purchasing legal product, services or whatnot, there's isn't a damned thing they can do about it. If they "deny" the transaction, they'll be in deep shit! Is why they are going the other approach and "urge" "suggest" or "request"... That's all they can do.
Jmac
.357 mag
hey Andy pound salt Bitch
Well, one more stupid idea out of Albany.
Serious question, if good Ole Andy is so worried about all this violence, when is he actually going to do something about it?
Serious question, if good Ole Andy is so worried about all this violence, when is he actually going to do something about it?
Why they fuck would he want to do anything about it? He needs the threat of violence and chaos to cow the sheep into submission.
And this is one of my biggest reasons for hating all of our Governments.
We absolutely have a serious issue of violence and innocent death in the US and not one Elected Elitist dickhead wants to do anything about it!
Bob
6.5 Creedmoor
Because the majority of violence and innocent death in this country is concentrated in Democratic strongholds. And if they actually try to do something about it, they risk alienating their core constituency.
carpediem
.338 Win Mag
I want to stop my tax money from being used to support the welfare for and maintenance of non citizen fugitives harbored under the unconstitutional claim of sanctuary unilaterally declared by Fuhrer Monkey Face.
livingston
20×102mm Vulcan
Emanuel’s ‘Safe Guns Policy’ stalled amid opposition from banking industry
Mayor Rahm Emanuel’s plan to strip financial institutions whose clients allow unrestricted gun sales of their seats on the gravy train tied to city bond deals stalled Monday amid opposition from the banking industry.
The City Council’s Finance Committee postponed a final vote at the behest of Ben Jackson, vice-president of government relations for the Illinois Bankers Association.
Jackson argued that the mayor’s ordinance includes an “exceptionally broad definition” of both financial institutions and their customers, establishing an “impossible standard” for those institutions to follow and police.
“It would certainly be impossible for a financial institution to determine which customers across multiple lines of business throughout the country or even globally under this ordinance remain in compliance with such a policy,” Jackson said.
“This is especially true, given the ordinance’s expansive view of what encompasses a client of a bank.”
Jackson further argued that local governments “cannot regulate” the lending activity of “state and federally-chartered financial institutions.”
Emanuel's 'Safe Guns Policy' stalled amid opposition from banking industry
Mayor Rahm Emanuel’s plan to strip financial institutions whose clients allow unrestricted gun sales of their seats on the gravy train tied to city bond deals stalled Monday amid opposition from the banking industry.
The City Council’s Finance Committee postponed a final vote at the behest of Ben Jackson, vice-president of government relations for the Illinois Bankers Association.
Jackson argued that the mayor’s ordinance includes an “exceptionally broad definition” of both financial institutions and their customers, establishing an “impossible standard” for those institutions to follow and police.
“It would certainly be impossible for a financial institution to determine which customers across multiple lines of business throughout the country or even globally under this ordinance remain in compliance with such a policy,” Jackson said.
“This is especially true, given the ordinance’s expansive view of what encompasses a client of a bank.”
Jackson further argued that local governments “cannot regulate” the lending activity of “state and federally-chartered financial institutions.”
Emanuel's 'Safe Guns Policy' stalled amid opposition from banking industry
livingston
20×102mm Vulcan
As originally proposed by Emanuel and Burke, financial institutions doing business with the city would have been required to file affidavits verifying that their customers ban the sale of bump stocks and high-capacity magazines.
To remain eligible for city business, financial institutions’ clients would also need to ban the sale of firearms to customers under the age of 21 and those who fail to pass background checks.
Financial institutions that fail to adopt that so-called “Safe Guns Policy” would have been declared ineligible to do business of any kind with the city.
They could no longer serve as city depositories. Nor could they underwrite or participate in city bond issues, hold city contracts or engage in a host of other potentially-lucrative financial transactions.
City Hall’s leverage to impose its will on financial institutions is tied to the mountain of debt imposed on Chicago taxpayers.
In 2017, Chicago sold $2.8 billion in debt. That made it the third-largest borrower in the Midwest, according to data compiled by Thomson Reuters.
Emanuel’s plan to isolate sales tax revenue in a special fund and use it to refinance $3 billion in city debt added $744 million to debt mountain last year.
To remain eligible for city business, financial institutions’ clients would also need to ban the sale of firearms to customers under the age of 21 and those who fail to pass background checks.
Financial institutions that fail to adopt that so-called “Safe Guns Policy” would have been declared ineligible to do business of any kind with the city.
They could no longer serve as city depositories. Nor could they underwrite or participate in city bond issues, hold city contracts or engage in a host of other potentially-lucrative financial transactions.
City Hall’s leverage to impose its will on financial institutions is tied to the mountain of debt imposed on Chicago taxpayers.
In 2017, Chicago sold $2.8 billion in debt. That made it the third-largest borrower in the Midwest, according to data compiled by Thomson Reuters.
Emanuel’s plan to isolate sales tax revenue in a special fund and use it to refinance $3 billion in city debt added $744 million to debt mountain last year.
Tinman
.308 Win
FUAC
Celt
.450/400 Nitro Ex
veiled threats, when agents of the gov are "recommending" to not do business with private businessed that is trouble. they are actively interfering with the free market. There must be something that legally prevents this type of behavior.
i really wish all these corrupt scumbags would just die.
i really wish all these corrupt scumbags would just die.
Mr. terzmo
.308 Win
Award monkey face the Junior Hitler badge
Jmac00
.475 A&M Magnum
civil war is getting closer every day.
MuttCat
.223 Rem
Hey, see today's news...GET OUT OF JAIL AND VOTE!
Do they get to keep the free computer?
Do they get to keep the free computer?