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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 |
| Are we at last brought to such humiliating and debasing degradation, that we cannot be trusted with arms for our defense? Where is the difference between having our arms in possession and under our direction, and having them under the management of Congress? If our defense be the real object of having those arms, in whose hands can they be trusted with more propriety, or equal safety to us, as in our own hands? — Patrick Henry, 3 J. Elliot, Debates in the Several State Conventions 45, 2d ed. Philadelphia, 1836 |
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