Since when does a bank have the power to legislate?
Thursday, Citibank released a statement explaining their plan to curtail the second amendment protections of their customers and partners.
“Today, our CEO announced Citi is instituting a new U.S. Commercial Firearms Policy. It is not centered on an ideological mission to rid the world of firearms. That is not what we seek. There are millions of Americans who use firearms for recreational and other legitimate purposes, and we respect their Constitutional right to do so,” explains the company’s blog. “But we want to do our part as a company to prevent firearms from getting into the wrong hands. So our new policy centers around current firearms sales best practices that will guide those we do business with as a firm.”
Let’s pause for a moment to reflect on the fact that one of the country’s largest banks is mandating unconstitutional “best practices” for their customers.
Citibank announced the following new rules:
Under this new policy, we will require new retail sector clients or partners to adhere to these best practices: (1) they don’t sell firearms to someone who hasn’t passed a background check, (2) they restrict the sale of firearms for individuals under 21 years of age, and (3) they don’t sell bump stocks or high-capacity magazines. This policy will apply across the firm, including to small business, commercial and institutional clients, as well as credit card partners, whether co-brand or private label. It doesn’t impact the ability of consumers to use their Citi cards at merchants of their choice.
These kinds of corporate policies do little more than confirm the intellectual vapidness of mob-bending corporate culture. None of these policies do jack to curb what’s a deep-rooted cultural problem affecting our young men, but to the new rules…
First of all, gun shops do not sell firearms to customers (who are not licensed dealers) who haven’t passed a background check. This does not happen, contrary to widespread propaganda which has misled the public. So, minus 8,736 points for the ignorance of this feel-good statement because that’s all it is.
Secondly, and most concerning, Citibank is acting to fill a void elected officials chosen by the American people ought to fill — making policy decisions germane to our Constitution. Democrats know raising the gun purchase age to 21 won’t fly at the national level, so is it any surprise policy changes are occurring in the “private” sector (I say “private” because of the gobwads of taxpayer money Citibank has received)?
Citigroup, its affiliates, and employees gave over $3 million in the 2016 election to various candidates, PACs, and organizations. Not surprisingly, the most money given to a single candidate was Hillary, followed by donations to a Jeb Bush supporting PAC.
Thirdly and annoyingly, what constitutes a “high-capacity magazine”? Well? And again, why is a bank telling businesses what merchandise they can sell?
This goes far beyond virtue signaling into veritable legislating. We should all be concerned. Very concerned.DONATE
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