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The
Below Comments Relate to this Newslink:
TX: Texas Gun Law Has Big Banks Hitting Pause
Submitted by:
Mark A. Taff
Website: http://www.marktaff.com
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Another bank pauses business in Texas over new gun law. Goldman Sachs joined Bank of America, JPMorgan Chase, and Citigroup in halting its municipal bond underwriting business because of a new law that blocks state and local governments from giving contracts to banks with policies that limit business ties to the firearms industry. Municipal bond underwriting, in which banks act as third parties to set up public financing for local governments, is a multibillion-dollar industry in Texas. Goldman was the nation’s sixth largest public finance underwriter last year, and the others were the top three. Barclays, TD Securities, and Wells Fargo are among the banks still reportedly operating in the state. |
| Comment by:
repealfederalgunlaws
(10/14/2021)
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| The usual establishment banking criminals are mad at this good law. The semi secret establishment is at WAR with your 2nd amendment rights. Banker control over your cities through debt, is a core evil that turns your cities into greedy entities with secret ticket quotas, raising taxes constantly, and pushing ONLY high density commercial developments and high density residential. |
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| QUOTES
TO REMEMBER |
| We'll take one step at a time, and the first is necessarily - given the political realities - very modest. We'll have to start working again to strengthen the law, and then again to strengthen the next law and again and again. Our ultimate goal, total control of handguns, is going to take time. The first problem is to slow down production and sales. Next is to get registration. The final problem is to make possession of all handguns and ammunition (with a few exceptions) totally illegal. — Pete Shields, founder of Handgun Control, Inc., New Yorker Magazine, June 26, 1976, pg. 53 |
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