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re: Bank of America ceases financing gun manufacturers

Posted on 4/11/18 at 9:56 am to
Posted by BBONDS25
Member since Mar 2008
48204 posts
Posted on 4/11/18 at 9:56 am to
quote:

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?


Dude...you really have no clue how much money is out there do you? Thousands and thousands of banks. Private equity. All sorts of options. Toddy, sometimes I think you really are as ignorant as you present yourself to be on here.
This post was edited on 4/11/18 at 9:56 am
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73426 posts
Posted on 4/11/18 at 9:56 am to
quote:

You think these lenders want the publicity it would bring that they're financing the gun industry since BOA and Citi won't?


If they are as big a pussy as you are then of course they will run.
Posted by HubbaBubba
F_uck Joe Biden, TX
Member since Oct 2010
45719 posts
Posted on 4/11/18 at 9:57 am to
quote:

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?
What does this have to do with wedding cakes for gays?
Posted by Jimbeaux
Member since Sep 2003
20108 posts
Posted on 4/11/18 at 9:57 am to
Virtue signaling for miles and miles. Everyone getting cheap street cred with virtue signaling.
Posted by BamaAtl
South of North
Member since Dec 2009
21875 posts
Posted on 4/11/18 at 9:59 am to
quote:

I’m gonna sit back and watch the lawsuits fly now.


For what, deciding not to do business with publicly unpalatable companies?

They're a private bank, so long as they don't discriminate on things like race and gender they're good to go.

But it's fun to see you idiots melt over what is in essence a minuscule change.
Posted by AUsteriskPride
Albuquerque, NM
Member since Feb 2011
18385 posts
Posted on 4/11/18 at 9:59 am to
But you better bake that damned cake for a gay wedding!
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
7999 posts
Posted on 4/11/18 at 10:00 am to
quote:

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?


Because it's a lucrative industry, and many of the boards of these banks will point out, correctly, that the bank has a fiduciary duty to its shareholders.

Corporate finance is a huge industry with a lot of players. It's quite literally impossible to freeze out financing for a firm as long as its profitable and legal.

If all the top 20 banks decided to do it, then some smaller bank will certainly jump up and snatch the opportunity. Just the way it works.

And there is private equity, corporate debt specialists, etc. all there ready to take their place if big banks don't want to play ball.
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73426 posts
Posted on 4/11/18 at 10:00 am to
quote:

For what, deciding not to do business with publicly unpalatable companies?


quote:

But it's fun to see you idiots melt over what is in essence a minuscule change.

Says the count threatening.
Posted by 31TIGERS
Mike’s habitat
Member since Dec 2004
7219 posts
Posted on 4/11/18 at 10:07 am to
quote:

BamaAtl


You’re still a dumb SOB!

A useless and disgusting one.
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 4/11/18 at 10:08 am to
Should’ve let that bank fail in ‘08
Posted by Dead End
Baton Rouge
Member since Aug 2013
21237 posts
Posted on 4/11/18 at 10:33 am to
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!!” ?



That's not what this is about.

You and BamaATM are competing for dumbest comments in a single thread.

Congrats, it takes a special kind of stupid to do that.
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