Citigroup Enforces Gun Control Restrictions On Customers

Citigroup is setting restrictions on the sale of firearms by its business customers.

As a reminder, Andrew Ross Sorkin wrote in the NY Times that banks could control guns, if Washington won't.

Liberty Blitzkrieg's Mike Krieger exclaimed that even in today’s world replete with plutocrat public relations masquerading as journalism,it’s rare to encounter an article simultaneously pandering, authoritarian, childish and dumb. Nevertheless, I found one, and it was unsurprisingly published in The New York Times.

The title of the piece more or less says it all, How Banks Could Control Gun Sales if Washington Won’t, but let’s go ahead and examine some of the author’s suggestions in greater detail. For instance:

Here’s an idea.

What if the finance industry — credit card companies like Visa, Mastercard and American Express; credit card processors like First Data; and banks like JPMorgan Chase and Wells Fargo — were to effectively set new rules for the sales of guns in America?

Collectively, they have more leverage over the gun industry than any lawmaker. And it wouldn’t be hard for them to take a stand.

PayPal, Square, Stripe and Apple Pay announced years ago that they would not allow their services to be used for the sale of firearms.

If Visa and Mastercard are unwilling to act on this issue, the credit card processors and banks that issue credit cards could try. Jamie Dimon, chief executive of JPMorgan Chase, which issues credit cards and owns a payment processor, has talked about how he and his bank have “a moral obligation but also a deeply vested interest” in helping “solve pressing societal challenges.” This is your chance, Mr. Dimon.

That was followed by Dick's Sporting Goods, who said they would no longer sell high-capacity magazines and that they would not sell any gun to anyone under 21 years of age, regardless of local laws.

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