Bank of America to Stop Financing Makers of Military-Style Guns

[melm00se]

Source: NY Times

Bank of America will stop lending money to gun manufacturers that make military-inspired firearms for civilian use, such as the AR-15-style rifles that have been used in multiple mass shootings, a company executive said Tuesday.

The policy is the latest example of Wall Street wading into the divisive gun control debate after Citigroup’s announcement last month that it would require business customers to restrict certain types of firearms sales.

Read more: https://www.nytimes.com/2018/04/10/business/bank-of-america-guns.html

[Dopers_Greed]

1. The free market solving problems

Love it especially middle of the spring

[Sherman A1]

2. Precisely

This could pose a real problem for the manufacturers.

[PSPS]

3. The use of "the divisive gun control debate" means it's an unserious article

[Maraya1969]

4. This is good news. Things are happening, maybe slowly but they are happening

[Honeycombe8]

5. There you go. This is the RIGHT THING TO DO. Yay! nt

[StarryNite]

6. Excellent!

[BigmanPigman]

7. YES!!!

Slowly but surely we will have gun control!!!!!

[secondwind]

8. I think I will open an account with BofA. n/t

[raven mad]

9. Because this phone isn't very good, I only got a piece of the NYT article.

Now bookmarked for later. I'd be willing to wager this was NOT a moral or ethical stance - ok, brother& sister attorneys in our DU midst? Isn't the $$$ provider as wide open for liability as, say, the manufacturers or gun stores etc.?

Doesn't matter! THE RESULTS WORK!!

😊😅😎😘😜

[vkkv]

10. K&R

[vkkv]

11. It's a start... nt

[appalachiablue]

12. K & R. Good for BoA. It's a beginning with more to come.

[vkkv]

13. K&R !!

[melm00se]

14. I am a gun owner

and strong supporter of the right to keep and bear arms.

I need to state that I do not support governmental actions to restrict my 2nd amendment rights but this is a private sector move and have no issue with it.