The National Rifle Association has filed for bankruptcy

[True Dough]

Link to tweet

Pry that from their "cold, dead hands" SUCKERS!!!

[lisa58]

1. Yay! Next: the GOP - Trump just does it as a matter of course

[matt819]

2. I have an idea

Name Stacy Abrams as the receiver. She can oversee the dismantling of the NRA.

[volstork]

68. I love the way you think!

[muntrv]

3. Thoughts and prayers.

[UTUSN]

59. eBay will be flooded with NRA gear:

[colorado_ufo]

65. Does this jerk-ette realize

that those are horse hooves, not cow? Does she advocate shooting horses?

Gosh, it would be just awful if she broke an ankle.

[North Shore Chicago]

99. She's a pistol n/t

[Initech]

4. Womp womp!

[DURHAM D]

5. I thought they did that last year??? nt

[True Dough]

6. Here's a link with scant more detail

https://financialpost.com/pmn/business-pmn/national-rifle-association-says-it-has-filed-bankruptcy-petitions-in-u-s-court


Supposedly part of a "restructuring plan." Here's hoping that they're never solvent again.

[Bernardo de La Paz]

7. LaPierre & other top dogs were draining it via expense accounts, etc. Oliver North got pushed out

Oliver North got pushed out because he poked around, discovered it, and started making noises.

North is a different kind of scoundrel.

[Girard442]

14. When you too much of a dirtbag even for Ollie...

[Turbineguy]

16. Oliver North

was too ethical for the NRA

[BobTheSubgenius]

110. That's kind of a hard one to get your head around, isn't it?

What next? We'll learn that even Liddy is disgusted?

[ace3csusm]

45. They didnt want to share with Ollie

im sure the Russian arm of the NRA will be sharing their money soon...

[Aerator]

69. He did the same thing to Hannity's Freedom concerts when he began to call out Hannitys spending

[underpants]

8. No more gym bags??!??!?

[Roland99]

9. looks more like a change of business type...

NRA to leave New York, reincorperate as Texas non-profit
https://www.everythinglubbock.com/news/national/nra-to-leave-new-york-reincorperate-as-texas-non-profit/

Fairfax, VA – The National Rifle Association of America (“NRA”) today announced it will restructure the Association as a Texas nonprofit to exit what it believes is a corrupt political and regulatory environment in New York. The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York.

The NRA plan, which involves utilizing the protection of the bankruptcy court, has the Association dumping New York and organizing its legal and regulatory matters in an efficient forum. The move comes at a time when the NRA is in its strongest financial condition in years.

The NRA will continue with the forward advancement of the enterprise – confronting anti-Second Amendment activities, promoting firearm safety and training, and advancing public programs across the United States. There will be no immediate changes to the NRA’s operations or workforce.

The Association will seek court approval to reincorporate the Association in the State of Texas – home to more than 400,000 NRA members and site of the 2021 NRA Annual Meeting in Houston.

[choie]

18. "Corrupt and regulatory environment in NY"

That’s the law, assholes. Thank you to our AG Letitia James for forcing them out of NY!

[RainCaster]

34. So it's NY's fault the NRA is so corrupt?

[ace3csusm]

51. What happened to person responsiblity , oh yea that for everyone else...

[RainCaster]

78. That's something Repubs never do...

... but they LOVE to talk about it.

[OMGWTF]

44. It's not up to them; it's up to the NY bankruptcy court.

[Frerotte]

10. Glocks and Flares n/t

[struggle4progress]

11. Poor Jr is gonna be unhappy

Don Jr. Reportedly Considering Bid to Lead NRA
By Rudy TakalaDec 3rd, 2020, 4:55 pm

President Donald Trump’s eldest son, Donald Trump Jr., is reportedly considering a bid to lead the National Rifle Association.

Business Insider issued the report on Thursday, citing “seven Trump advisers and Republicans close to the White House.” Those sources predominantly trashed the prospect. “Their model is not to go build stuff and own it,” said an unnamed source described as being “close to the Trump family.” The person added, “Their model is to put their name on something someone else built and hold none of the liability” ...

https://www.mediaite.com/news/don-jr-reportedly-considering-bid-to-lead-nra/

[groundloop]

57. Only reason anyone named tRump would do that would be to siphon money

[struggle4progress]

58. NRA's recent history suggests it's a perfect target for that

[turtleblossom]

94. Thought Don jr was running for office of some sort

[LakeArenal]

12. Ahhhhh. The true Trump lesson. Bankruptcy.

He’s number 1. Obama hasn’t even one bankruptcy!!

[ornotna]

13. so sad

[USALiberal]

15. Gun nuts will be sad! Nt

[Miguelito Loveless]

17. Another group that needs to be charged

with inciting insurrection.

[Rhiannon12866]

19. Twitter reply:

Link to tweet

[Generic Other]

20. Letter from Wayne

Link to tweet

[dalton99a]

21. They're following Trump's suggestion

https://www.usnews.com/news/politics/articles/2020-08-06/trump-calls-new-york-lawsuit-against-nra-terrible-thing-suggests-gun-group-moves-to-texas
Trump Suggests NRA Move to Texas, Calls New York Lawsuit Against Gun Group a 'Terrible Thing'

https://www.khou.com/article/news/national/president-trump-nra-texas/285-e4d2990e-60fc-4945-b42b-a8a2881f998a
NRA would have 'a good and beautiful life' in Texas, President Trump says

[BComplex]

22. YAY!!!!! I HOPE THEY GO TOTALLY BROKE!!!

I hope we never have to hear another word out of the assholes!

[deminks]

23. Tots and pears.

[SoonerPride]

24. The NRA is a terrorist organization

[Karadeniz]

25. So, can they go through a court-supervised restructuring?

[True Dough]

30. Doesn't seem right,

does it? But there are plenty of Conservative judges who will be sympathetic to their plight, surely.

[Hoyt]

26. White wing gun-humping rubes will come to their rescue.

[BComplex]

27. The National Rifle Association has filed for bankruptcy - financial AND moral.

Then it would be a proper filing.

[lagomorph777]

28. OMG. Now we can enact item #1 on the librul agenda: Confiscate the guns.

[brewens]

29. Then it won't do much harm to put Don Jr. in charge now. I kind of hope they do.

Not much chance when they turn on the Trump's shortly. Maybe they would be that stupid? They have it coming to them if he cleans the place out.

[keithbvadu2]

76. GOAL!

if he cleans the place out.

[Progressive dog]

31. Found this from November

I was looking for the outcome of NY's AG suit seeking to revoke the NRA's NY charter. They violated NY's insurance laws too.
https://www.democratandchronicle.com/story/news/politics/albany/2020/11/18/nra-fined-fine-five-year-ban-selling-insurance-ny/6338700002/

[True Dough]

33. Scoundrels!

Not at all surprising, however. Making off like bandits.

[jpljr77]

32. Moral bankruptcy? I'm kidding, I'm kidding...we already know the answer to that. n/t

[LittleGirl]

35. This is the best news I've heard in my Life!

I’m so happy!

[True Dough]

42. You did hear

that Trump lost the election, right?

[Celerity]

53. they are going nowhere, it is a restructuring ploy nt

[blueinredohio]

36. Boo hoo!

[ancianita]

37. Great. Another arm of white male conservatism goes down.

This bankruptcy exposes, yet again, the dirty secret of the gun industry: It's basically a big right-wing hustle whose business model depends largely on exploiting white male identity politics and irrational, reactionary fears in order to bilk anxious conservative men out of lots of money.

Obama and Clinton both represented symbolic threats to white male dominance. Running out and buying a bunch of firepower is a way for insecure white men, threatened by the idea of diversity and equality, to reassure themselves that they are still dominant and powerful. Guns are quite literally a pacifier for white male anxiety.

the NRA's predicament is growing more intense thanks to an investigation by New York Attorney General Tish James that could threaten the group's nonprofit status by showcasing how many of its leaders are on the take.

What was once the far right's equivalent to a powerhouse like the ACLU now seems closer to a Theranos-style fraud. That kind of blow to the NRA's reputation might be damaging in a way that a million liberal op-eds denouncing its noxious politics never could be.

https://www.salon.com/2019/06/11/in-the-trump-era-the-nra-has-finally-been-revealed-as-a-pathetic-fraud/

[Denvermosaic]

40. Pillaged by the gun nuts at the top

[flying_wahini]

38. This explains Ken Paxton Tx AG sucking up to Trump.

And Gov is probably getting a cut too.

[MissMillie]

39. Robbed by their own leadership

But they will say that their demise was caused by attacks from liberals.

[lastlib]

93. Of course! "Personal Responsibility" is for losers.....

[bucolic_frolic]

41. Where'd they lose all their money? Benefits for the executives? Gold offices?

Now they can start the fundraising all over again.

Again it is difficult for a non-profit to go BK.

[bringthePaine]

43. all remaining assets should be shared among shooting victims and/or surviving family

[gratuitous]

46. Morally bankrupt for decades

Going for financial bankruptcy now. That's a shame.

[ailsagirl]

48. Isn't it??

[ailsagirl]

47. Honestly, I never thought I'd see the day n/t

[Ponietz]

49. Anything to hide the sources of the dark money they funneled to the Cons

[JDC]

50. Musta run out of Russian dark money

How are they going to travel 1st class now?

[True Dough]

52. Reuters on the story

Link to tweet

[safeinOhio]

54. When they moved away from marksmanship and gun safety,

they blew a foot off.

[BainsBane]

55. I guess those Russian funds dried up.

[True Dough]

62. That's likely the case

From Rubles to rubble.

[spanone]

56. K&R...

[tiptonic]

60. Praise

Praise Jesus and I'm not even a christian. Just think of all the death and pain that one organization has caused. May they all suffer what they deserve. I wonder what ever happened to, all the money Putin gave them.

[irisblue]

61. NY AG Tweet...

Link to tweet

?s=20

[True Dough]

63. Glad to see this!

Hold the fuckers to account!

[Paper Roses]

64. Hearts and flowers for the NRA. Hope this gang disappears. Better than that, dissolves forever!

I grew up in a family who were sportsmen. My Dad would go hunting for pheasant, quail, partridge. He had one shotgun and kept us away from it .
Yes, we used his birds as food but to this day, I have not come to grips with that.

I can still see him sitting outside pulling feathers etc from these birds.
Hunting for food is one thing, carrying a gun with macho, military attitude is something I could never accept. NRA is really not necessary. Hunters should hunt for food. Big guns would blow a quail to smithereens.

Tell me, why do the NRA members need the big guns and the attitude?

How far we have fallen. Makes me sick!

[BadgerMom]

66. Only one fitting response: thoughts and prayers-NOT!

[Yo_Mama_Been_Loggin]

67. Good

[Liberty Belle]

70. Now that's something to celebrate.

[Mosby]

71. They have a 28+ million dollar line of credit that comes due this year

They spend too much in advertising and fundraising and the administrative overhead is out of control.

https://www.washingtonpost.com/politics/inside-the-nras-finances-deepening-debt-increased-spending-on-legal-fees--and-cuts-to-gun-training/2019/06/14/ac9dc488-8e30-11e9-b08e-cfd89bd36d4e_story.html

[AllyCat]

72. I was planning to have a glass of wine to celebrate recovery from second covid vaccine

but I think I will open that bottle of champagne we've been saving instead. Seems there are a few things to be grateful for.

[keithbvadu2]

73. Are they out of rubles?

[DemoTex]

74. "Pride goeth before destruction .." Proverbs 16:18 (KJV)

[TEB]

75. Thoughts and prayers

Nah not really

[Scalded Nun]

79. Find out where they stashed all the $$ before filing.

[live love laugh]

104. +++1

[True Dough]

80. This tweet hits pretty hard...

Link to tweet

[badboy67]

87. -

Never
Really
Accountable

[MustLoveBeagles]

98. +1

Welcome to DU

[CCExile]

81. Their leaders stole all the money. That's just what Republicans do.

[cp]

82. The Grift is over.

[samsingh]

83. I hope New York still goes after them

[reACTIONary]

84. They have been morally bankrupt for some time now. nt

[Nasruddin]

85. Well shoot

as we used to say ....

[P-Nutt]

86. File This One Under

" A Fucking Shame!" LOL

[iluvtennis]

88. It's to salvage whatever money they have. They'll restart under a new organizational name. nt

[Blue Owl]

89. Womp Womp

The world will be a better place for it...

[bdamomma]

90. Good

another corrupt organization.

[Biden66]

91. They have so many members

How could they possibly be struggling or is this a sign that people are starting to turn away from them.

[Permanut]

92. Oh shoot.

[SergeStorms]

95. That'll be a hit during their pledge drive.

People will want to dig right down and give until it hurts. Why anyone would contribute money to that nest of thieves is beyond me. Greed: The god of the republican party.

[MustLoveBeagles]

96. Good

[Ferrets are Cool]

97. Following the example set by the Cultist in Chief...many times.

[TruckFump]

100. Good! 👍😎🤣 EOM

[moondust]

101. Where is poor Wayne supposed to get his

$millions$ and $millions$ and $millions$ and $millions$ and $millions$ and $millions$ and $millions$ and...?

[smirkymonkey]

102. Gee. I wonder where all that money went?

[live love laugh]

103. Only to evade fines and restitution. nt

[colsohlibgal]

105. Welcome News

I will never ever understand gun nuts. Bang bang WTH? It’s like they never grew up.

[bullimiami]

106. Order an audit and see where the money came from and where it went.

[Nitram]

107. The filed for bankruptcy because they were going to lose a suit in court related to their actions

that were incompatible with their non-profit status. They are going to start up again in Texas, a far more welcoming environment for gun nuts.

[Historic NY]

108. Its not going to be so easy to just reincorporate elsewhere

Courts should examine the social welfare tax exemption they claim to avoid taxes. They have a charter issued by NY State going back decades. The courts will make that decision, it will take possibly years before its settled.

I belong to a decades old organization that has charter and incorporation between NY & NJ that made for business meeting being held in each state x times a year. Physical assets in one state, its get confusing. Now with Zoom and other video conferencing it made some things easier. Board elections and annual open business meeting were always a pain.

[TrogL]

109. It's so they can move their operations to Texas without their debt following them

[True Dough]

111. Looks like it will be a bit of a rough ride

GOOD!!!

Link to tweet

[BComplex]

112. The NRA needs to file for extinction. eom