Bank of America Says It’s Cutting Ties With AR-15 Manufacturers

April 11, 2018 in News by Slad

 

Source: MRCtv | Brittany M. Hughes

Bank of America’s vice chair Anne Finucane said Tuesday that the bank will no longer do business with companies that manufacture military-style assault weapons for civilians, including AR-15-style rifles.

“We want to contribute in any way we can to reduce these mass shootings,” Finucane told Bloomberg this week.

“It’s not our intent to underwrite or finance military-style firearms on a go-forward basis,” she added.

“So does that mean that you are going to get out of lending to companies that manufacture military-style weapons that’s used for civilians? Full stop, 100 percent?” Bloomberg asked.

“Yes,” Finucane said.

She did add, however, that Bank of America doesn’t have an immediate plans to stop doing business with the stores that sell those firearms, saying that gets into risky Second Amendment territory.

Or maybe cuts just a little too much into her bottom line. Whichever.

 

Finucane explained the situation to Bloomberg, right after bragging that the bank had formerly cut ties with coal companies over environmental concerns.

Because you know what works really well for business? Insulting millions of potential customers with your grandstanding.