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The
Below Comments Relate to this Newslink:
Bank of America's Loan to Remington Tests Its Firearms Pledge
Submitted by:
David Williamson
Website: http://constitutionnetwork.com
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Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which makes assault-type rifles, just weeks after the U.S. bank said it would stop financing "military-style" firearms for civilians. The bank is contributing $43.2 million to a $193 million lending package funded by seven banks, according to court documents, which will help put Remington back on stable footing as it emerges from bankruptcy later this month into an uncertain environment for gun makers.
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| Comment by:
PHORTO
(5/7/2018)
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"Wells Fargo has said it believes the government should set gun policy, not companies through their credit."
Only as long as the government understands that "[T]he enshrinement of constitutional rights necessarily takes certain policy choices off the table." - D.C. v. Heller (2008). |
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| QUOTES
TO REMEMBER |
| Congress have no power to disarm the militia. Their swords, and every other terrible implement of the soldier, are the birthright of an American... The unlimited power of the sword is not in the hands of either the federal or state government, but, where I trust in God it will ever remain, in the hands of the people. — Tench Coxe, Pennsylvania Gazette, Feb. 20, 1788. |
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