Back in April, I wrote about how the left was enlisting financial institutions in its war on the Bill of Rights.
Bank of America has warned that it will refuse to lend money to manufacturers of “assault-style guns”. It had previously announced it was edging away from the coal business to fight global warming.
… Citibank is repaying the generosity of the American people by requiring its clients to impose their own gun control policies on their stores. Impose gun control on your customers or Citibank will discriminate against you.
This phase of the pressure campaign got its start from a New York Times column by Andrew Ross Sorkin which wondered, “What if the finance industry — credit card companies … credit card processors … and banks … were to effectively set new rules for the sales of guns in America?”
It wasn’t long until credit cards joined the party.
Banks and credit card companies are discussing ways to identify purchases of guns in their payment systems, a move that could be a prelude to restricting such transactions. The financial companies have explored creating a new credit card code for firearms dealers, similar to how they code restaurants or department stores. Another idea would require merchants to share information about specific firearm products consumers are buying. Such data could allow banks to restrict purchases at certain businesses or monitor them.