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Joined: Sep 2015
Posts: 10,208
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Sep 2015
Posts: 10,208 |
Citigroup is setting restrictions on the sale of firearms by its business customers, making it the first Wall Street bank to take a stance in the divisive nationwide gun control debate.
The new policy, announced Thursday, prohibits the sale of firearms to customers who have not passed a background check or who are younger than 21. It also bars the sale of bump stocks and high-capacity magazines. It would apply to clients who offer credit cards backed by Citigroup or borrow money, use banking services or raise capital through the company.
The rules, which the company described as "common-sense measures," echo similar restrictions established by some major retailers, like Walmart. But they also represent the boldest such move to emerge from the banking sector.
https://www.cnbc.com/2018/03/22/citigroup-sets-restrictions-on-gun-sales-by-business-partners.html
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Joined: Jun 2006
Posts: 46,030
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jun 2006
Posts: 46,030 |
Empty posturing, there's no way they could enforce that.
A wise man is frequently humbled.
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Joined: Apr 2011
Posts: 151,210
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,210 |
I don’t see how they can make that work. I pay with cash anyway, so fug them and their friends too.
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Joined: May 2011
Posts: 56,286
Campfire Kahuna
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Campfire Kahuna
Joined: May 2011
Posts: 56,286 |
Globalists disguising their agenda. Barely.
_______________________________________________________ An 8 dollar driveway boy living in a T-111 shack
LOL
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Joined: May 2017
Posts: 1,712
Campfire Regular
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Campfire Regular
Joined: May 2017
Posts: 1,712 |
I would imagine that if they lend money to a manufacturer or retailer, they could actually write loan covenants that prohibited the sales. If their borrower then did sell those items, it would be a covenant violation and could trigger a default.
Quite a stretch of their mission, I would think. PC Globalist BS. I can think of any number of vices that they may finance that are potentially more harmful. Are they going to limit those as well? They are acting as the government. Pretty full of themselves.
I would think that any customer who disagrees would see fit to dump their sorry a**es and find another bank.
Last edited by Slope77; 03/22/18.
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Joined: Jun 2006
Posts: 16,383
Campfire Ranger
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Campfire Ranger
Joined: Jun 2006
Posts: 16,383 |
I don't deal with citigroup -
That's part one of the story.
I've always been a curmudgeon - now I'm an old curmudgeon. ~Molɔ̀ːn Labé Skýla~
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Joined: Jun 2016
Posts: 408
Campfire Member
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Campfire Member
Joined: Jun 2016
Posts: 408 |
I would imagine that if they lend money to a manufacturer or retailer, they could actually write loan covenants that prohibited the sales. If their borrower then did sell those items, it would be a covenant violation and could trigger a default.
Quite a stretch of their mission, I would think. PC Globalist BS. I can think of any number of vices that they may finance that are potentially more harmful. Are they going to limit those as well? They are acting as the government. Pretty full of themselves.
I would think that any customer who disagrees would see fit to dump their sorry a**es and find another bank. You nailed it. They want to play big brother. What arrogance. Yet they have no problem with someone using the same card for booze, porn, and cartons of cigarettes, nor should they because it isn't there business to play dictator and decide what legal products someone should buy with their own money. Today it's guns and tomorrow it will be something else in this globalist, communist society that were watching develop.
Last edited by Mittenman; 03/22/18.
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