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Posted on 4/11/18 at 9:44 am to HubbaBubba
Thousands of other banks to pick up the slack.
Posted on 4/11/18 at 9:44 am to BamaAtl
quote:
You want to do business with companies that kill Americans as their primary business model, then you're getting boycotted.
You're so full of shite, snowflake.
Btw, I bought a new gun yesterday. It hasn't killed me or anyone as of today.
Posted on 4/11/18 at 9:44 am to GumboPot
quote:
Good thing we have 1000s of other lending/borrowing opportunities.
This. There will be no shortage of lenders.
Posted on 4/11/18 at 9:45 am to BamaAtl
quote:
that kill Americans as their primary business model
What a brilliant comment.
Posted on 4/11/18 at 9:45 am to BamaAtl
quote:
You want to do business with companies that kill Americans as their primary business model, then you're getting boycotted.
Congrats on today's least intelligent post, it takes a special kind to person to attain you level of insight.
Posted on 4/11/18 at 9:45 am to SSpaniel
I wonder what the stockholders think of this. Lending to firearm manufacturers is one of the safest plays BOA makes.
Posted on 4/11/18 at 9:45 am to SSpaniel
quote:Fapping little bitch isn't she?
It was a gleeful threat at that, was it not?
Posted on 4/11/18 at 9:45 am to Blizzard of Chizz
quote:
I’m gonna sit back and watch the lawsuits fly now. You are treading in dangerous water when you begin openly discriminating against lawful businesses via financial lending.
I’m sure BOA and their army of attorneys haven’t considered this
Posted on 4/11/18 at 9:46 am to HubbaBubba
People who have to finance a gun in order to own one should be embarrassed. And if some poor decided he can’t make payments, does he bitch about the bank “coming after my gun!!” ?
Posted on 4/11/18 at 9:47 am to HubbaBubba
I'm sure there are plenty of banks that would love to get into a $50 billion/year industry.
Posted on 4/11/18 at 9:47 am to HubbaBubba
USAA or Navy Fed need to step up to the plate
Posted on 4/11/18 at 9:47 am to cave canem
quote:
Lol, that is not how it works
Sorry bud, but we live in a very litigious society. A baker can’t even refuse to bake a cake for a gay wedding. You think as heavily regulated as the banking industry is, with a ton of it insuring fair lending practices, that it can just arbitrarily say we aren’t lending to gun manufacturers anymore? You think the affected parties are just gonna shrug their shoulders and say oh well? I’m not saying the gun manufacturers will win, I’m just saying this will end up in court.
Posted on 4/11/18 at 9:48 am to theCrusher
quote:My initial reaction, but I currently have a significantly deep investment portfolio with Merrill Lynch, one that goes back to 1981. They are owned by BOA and I enjoy many banking benefits because of my holdings. While I would like to protest my moving my accounts, in truth, I can voice my disagreement, but divesting and moving all my accounts and reestablishing new brokerage and investment accounts would be a real pain in the arse.
private equity will jump in and I'll never do business with BOA
Posted on 4/11/18 at 9:50 am to BamaAtl
(no message)
This post was edited on 4/11/18 at 11:19 am
Posted on 4/11/18 at 9:50 am to PNW
quote:
People who have to finance a gun in order to own one should be embarrassed. And if some poor decided he can’t make payments, does he bitch about the bank “coming after my gun!!
It has nothing to do with the person buying the gun. They are saying they will no longer lend money to gun manufacturers.
Posted on 4/11/18 at 9:51 am to PNW
quote:
People who have to finance a gun in order to own one should be embarrassed. And if some poor decided he can’t make payments, does he bitch about the bank “coming after my gun!!” ?
Who said anything about financing the purchase of a gun? That's not what this is.
Anyway, I am sure Remington, SR, and the like really don't give a shite. It's a stable industry with solid cash flow. They'll have lenders backing out the door to take BoA's place if they need financing.
Posted on 4/11/18 at 9:53 am to Blizzard of Chizz
.
Absolutely they can you fricking idiot, gun manufacturers are not a protected class.
quote:
You think as heavily regulated as the banking industry is, with a ton of it insuring fair lending practices, that it can just arbitrarily say we aren’t lending to gun manufacturers anymore
Absolutely they can you fricking idiot, gun manufacturers are not a protected class.
Posted on 4/11/18 at 9:54 am to AbuTheMonkey
quote:
They'll have lenders backing out the door to take BoA's place if they need financing.
Why are you so sure of this? You think these lenders want the publicity it would bring that they're financing the gun industry since BOA and Citi won't?
Posted on 4/11/18 at 9:56 am to StraightCashHomey21
quote:
USAA or Navy Fed need to step up to the plate
Neither of them play in this space. I think USAA has some small business loans and whatnot, but these are big boy firms with big boy financing needs.
Unless Goldman, JPMC, Morgan Stanley, Deutsche, Credit Suisse, Barclays, and everyone else under the sun decides to do the same, these guys won't sweat.
This post was edited on 4/11/18 at 9:57 am
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