Banks Not Shooting Straight With Truth In Lending To Firearms Companies

By Ammoland

Opinion by Larry Keane
Editor’s Note: This column was published in The Federalist, Thursday, April 17, 2019, and is reprinted here with permission. Recently we reported on problems with Chase Bank now here we are again with Citigroup.

USA – -(AmmoLand.com)- Citigroup’s getting asked some hard questions about fiscal sanity of their decision to discriminate against firearms businesses and their answers aren’t likely to soothe investors.

Justin Danhof, General Counsel for the National Center Public Policy Research and Free Enterprise Project posed a simple question. “Can you tell us – your investors – exactly how much money we stand to lose because of this decision, and explain why you have this right while Warren Buffet has this wrong?”

Danhof was referencing Buffett’s 2018 refusal to impose his own political views on investors. The “Oracle of Omaha,” who runs Berkshire Hathaway, rebuffed antagonist Andrew Ross Sorkin when he read a shareholder question during a CNBC interview about doing business with gun manufacturers.

“I don’t believe in imposing my political opinions on the activities of our businesses,” he said. It was the second time he stated his position. Earlier …Read the Rest

Source:: AmmoLand