Bank Of America Will No Longer Lend To Makers Of “Assault Rifles”

Bank of America just made a really unnecessary, and INCREDIBLY stupid move:

Bank of America to stop lending to clients who make assault rifleshttps://t.co/9dMOx4hGUv

— Axios (@axios) April 10, 2018

Bank of America will no longer lend money to manufacturers of firearms like the AR-15, which has been used in multiple mass shootings https://t.co/yeX74mFb4s

— The New York Times (@nytimes) April 10, 2018

Um… how exactly will you define “Assault Rifle,” Bank of America? Because I’m not sure it means what you think it means.

Please define “assault rifle”?

— Melissa (@maw717) April 10, 2018

Scary black rifles with shoulder thingies and giant clips. Lasers too! That’s an assault rifle. Oh, and a mind of its own…

— JK4tySeven (@JK4tySeven) April 10, 2018

According to the New York Times:

Bank of America will stop lending money to gun manufacturers that make military-inspired firearms for civilian use, such as the AR-15-style rifles that have been used in multiple mass shootings, a company executive said Tuesday.

The policy is the latest example of Wall Street wading into the divisive gun control debate after Citigroup’s announcement last month that it would require business customers to restrict certain types of firearms sales.

“We want to contribute in any way we can to reduce these mass shootings,” Anne M. Finucane, vice chairwoman at the Bank of America, said on Bloomberg TV.

This won’t reduce mass shootings, Anne. But it MIGHT reduce your clients…

Garbage bank makes garbage move. https://t.co/kzrl2e1XIR

— David Edward (@_David_Edward) April 10, 2018

Look for @NRA to encourage members to take banking elsewhere.

— Dave Shea (@davejshea) April 10, 2018

@BankofAmerica So glad I dropped your 2nd Amendment hating, fee charging, tax payer bailout having, rip-off bullshit.

— Michael (@DefinitelyMike) April 10, 2018