BofA Freezes Credit to Gun Manufacturers

Bank of America has picked a side and has decided to join the anti-gun push by freezing credit to manufacturers of AR-15 rifles.

Townhall reports the banking giant said Tuesday that it will no longer lend money to companies that manufacture “military-style assault weapons for civilian use.”

They say they hope the move will “contribute to a reduction in the number of mass shootings nationwide.”

Congress passed the Protection of Lawful Commerce in Arms Act in 2005 to prevent the anti-gun left from suing manufacturers of so-called assault rifles.

So it appears now that their approach is to deny the makers of legal firearms of credit in order to put them out of business.

Corrie O'Connor

Program Guide

  • The Real Estate Report with Tony Mendes
     

    AM 1220 Money Team is a new approach for your financial issues. No longer are   >>

  • Phil's Gang
    8:00PM - 9:00PM
     

    Phil Grande is the country's premier stock market educational resource that   >>

  • InvestTalk
    9:00PM - 10:00PM
     

    InvestTalk is a weekday radio show featuring Steve Peasley, who discusses a new   >>

See the Full Program Guide