Wells Fargo Bucks Trend Of Anti-Gun Banks, Extends Credit To Ruger

By Tom Knighton

Guns are a definite part of the Old West mythology. Cowboys and lawmen riding into town, a single-action revolver strapped to their hip, a lever-action rifle in a scabbard on the side of their horse as they nod to the folks on the sidewalk. It’s a staple of every western movie ever made, and probably for a good reason. Unlike much of what makes it into the films, this is probably pretty real.

Another staple of the Old West is Wells Fargo.

Back then, it was stagecoaches making their way from town to town with the Wells Fargo name emblazoned on them, but today it is skyscrapers and 1s and 0s shooting across the internet.

Yet it seems that Wells Fargo and firearms are still a good pairing.

Wells Fargo & Co. is doubling down on the gun industry, undaunted by criticism of its deep ties to firearm companies and the National Rifle Association.

The San Francisco-based bank last week issued a $40 million line of credit to gun manufacturer Sturm, Ruger & Co., according to financial filings. That’s on top of the $431 million in debt …Read the Rest

Source:: Bearing Arms