Sen. John Kennedy (Photo: Facebook/ John Kennedy)
All animals are equal, but some animals are more equal than others.
Same holds true for businesses. All businesses are equal but some businesses are more equal than others. Banks like Citigroup and Bank of America fall into that latter category. Our government has designated them “systematically important banks.”
Regardless of how badly they screw up or how recklessly they behave, they cannot go out of business. It’s like life’s a game of bowling and Citigroup and BoA get bumpers on their lanes while the rest of us have to play with ordinary gutters. We throw a gutterball, we’re out on our behinds. Any ball they throw near a gutter gets bounced out in the form of a taxpayer bailout because they’re “too big to fail.”
As Sen. John Kennedy wrote in a recent op-ed on Fox News, that’s one of the reasons why these money lenders shouldn’t be allowed to employ discriminatory practices against gun manufacturers, gun dealers and other gun-friendly businesses.
“These banks act as a source of credit for households, businesses and local and state governments,” wrote the Louisiana senator. “They are a source of liquidity for the entire banking system. Their corporate policies affect every corner of our economy, from big banks to small businesses and local consumers.”
SEE ALSO: When Banks Attack: Citigroup’s Anti-Gun Policies May Provide ‘Template’ for Others
As you’ll recall, Citigroup and BoA recently adopted anti-gun policies. Citigroup will no longer do business with companies that sell standard capacity magazines and it will prohibit the sale of firearms to anyone under the age of 21. BoA has cut funding to AR manufacturers.
“If the banking system worked like a grocery store, I would still disagree with these new rules, but I would respect the right of Citigroup and Bank of America to enact whatever corporate policies align with their beliefs,” continued Kennedy.
“But banks are not grocery stores. A grocery store doesn’t need a taxpayer-funded government charter to operate, a taxpayer-funded government corporation (the Federal Deposit Insurance Corporation) to insure its deposits, or a taxpayer-funded government bank to pay it interest. Banks do.
“One grocery store doesn’t get so big that it lends and borrows and buys and sells from nearly every other grocery store in the country. These banks do. A grocery store also doesn’t need or get an $812.3 billion bailout from the American taxpayers,” added Kennedy.
Let’s recap. Citigroup and BoA owe their very existence to the kindness and generosity of the American taxpayer. Yet, now they’re going to try to use financial leverage to chill the 2A rights of those same people who bailed them out. Crazy!
Fledgling tyranny, whether it be corporate tyranny or government tyranny, is easy to spot. Because in its nascency it almost always starts with policies that seek to disarm (or subarm) the masses. Though not everyone may be paying attention, Citigroup and BoA are showing us their true colors.
Too big to fail??? Huh! I say the US needs a good ass wiping from the “too big to fail” corporations as well as all the “above the law” politicians! The Keynesian economic system here is a big ponzi scheme. We all have been broke since the Great Depression… we just didn’t know it. It’s time to clean the slate and start over.
Don’t be fooled! The banks have been getting bailouts since the “quantitative easing” garbage. They only change the name each time and now it’s no longer reported in the news. The current name is… “Repo”. For example, last Thursday and Friday the banks received $500 billion each day. The policies of the fractional banking system is the fault of the American taxpayer.. Right?!
Folks, we apparently have no choice in supporting the banks through tax-dollar bailouts but we can all choose to NOT support them any other way! Find a local credit union and join as quickly as possible. They have all of the functions that a bank does and they do a much better job of it.
……We, the people of the USA bail many Banks during the OBozo Administration, …….This is how the Criminal Crooks pay US Back!!,….Next time, we let them stay under!!,….No Bail out for the Traitor RATS!!,….
Hear Ye, Hear Ye!Grant Stevens is trying to educate everyone regarding the Puppet Masters – the covert EVIL cabal of central bankers that use fractional reserve banking (FRB) as the modern day chains of slavery. Research and educate yourselves about the history of The House of Rothschild, FRB, the Rockefeller connection, and how governments have been privately owned and controlled for centuries. The truth about the concentrated power and wealth of the human race is difficult for normal people to see, but with enough research, it will suddenly appear clear – as if a completely different picture jumps from the same one you have been viewing all along. All of a sudden, lots of seemingly unrelated pieces to the puzzle fit this new world view. Quotes throughout history will take on new meaning.\”Educate and inform the whole mass of the people… They are the only sure reliance for the preservation of our liberty.\” — Thomas JeffersonCurtis Dall, son-in-law to Franklin Delano Roosevelt, states in his book My Exploited Father In Law, For a long time I felt that FDR had developed many thoughts and ideas that were his own to benefit this country, the United States. But he didnt. Most of his thoughts were carefully manufactured for him in advance by the Council on Foreign Relations-One World Money Group. – http://www.federalobserver.com/2010/03/20/in-support-of-conspiracy-theories/These big Wall Street banks are just part of the command and control system of the banking elite – who see the armed and educated American population as a major hurdle in the way of their world government plans. The Federal Reserve System, The European Central Bank, The World Bank, The Bank of International Settlements, The Council on Foreign Relations (CFR), The Trilateral Comission, and various secret societies are just some noteworthy parts of their powerful command and control inftrastructure. Evidence is everywhere, once you awaken to their scam on the masses of \”little people.\” Things like Hillary Clinton spending an hour at the CFR on her last day as Secretary of State. The Clintons are just agents of the real puppet-masters, but that is why they are beyond the law; they are protected by the real power.To those that think regulating via government or putting constraints on politicians holds promise of real solutions, I suggest you learn about the real power structure. There is an ultra-rich and powerful elite bunch of evil SOB\’s that believe they own the world – including each of us. They own the media and education systems (see the Frankfurt School) that shape our minds and perceptions. Each person must strive to think beyond the indoctrination.\” For those who are observant no proof is necessary; for those who cling to a dogma no proof is possible.\” – Vladimir Bukovsky, a well-known Soviet dissident
These big Wall Street banks are just bag men for their money-changing masters at the private Federal Reserve. We lost our Constitutional Republic in 1913, when Congress gave these central banksters the keys to America’s financial-economic kingdom. Because of their debt-based fiat currency, interest-rate manipulation and fractional-reserve banking system, we the people have been indentured tax slaves for these unelected oligarchs and their IRS collection agency ever since. Until Congress once again honors its Constitutional obligation to issue sound, debt-free money (gold, silver) from the public treasury, these few will continue to rule and enrich themselves at the expense of the many. The only thing preventing these greedy tyrants and their congressional lackeys from subjugating the citizenry is the Second Amendment. If we lose our right to keep and bear arms, we lose everything.
First – American citizens have a patriotic duty to get out of debt and then they won’t need these large banking institutions. They can pick and choose more carefully who they do business with (whether as a ccompany seeking financial assistance, or as an individual consumer looking for a mortgage or car loan).
A savy financial institution should step up and begin looking for these law abiding, American-based businesses who provide goods and services to law abiding American citizens. They would be tapping into a huge market.
Finally – if anyone is holding their breath expecting the DNC/GOP/MOUSE to actually solve these problems – you are going to die. I have been politically active since 1968 and have never been amything but disappointed in our elected “leaders.” They are the United States’ version of the UK’s “royalty.’ These modern day aristocrats come into Congress with a bit of money and leave “super wealthy.” Our forefathers served as representatives of their neighbors, friends, and communities because it was a service to their Country and an honor – our current elected officials see being an office holder as the fast track to being uber rich. One quick way to begin to solve this problem is to prohibit any elected offivcial or any staff person working for an elected official to work as any type of lobbyist or consultsnt for 20 years from the time of their leaving their position. Eliminate the potential for financial gain from our Congress and watch all these rats leave the ship.
We need to get back to regulating these @$$-hats! That was a condition of the bailout, it’s why Dodd-Grank was enacted. Trump and his cabal of crooks should not have been allowed to dismantle it. The very same Trump-eteers that always post here are the people who are helping him to destroy ALL of our inalienable rights including 2A. Sad times for a once proud nation.
Can’t agree more with your assessment…..The Banks are back to the same practices before Dood-Frank. They have little to lose and plenty to gain. The Golden Parachute America supplies means a free wheeling bank can rely on the Government to bail them out. Banks overcharge for every friggin’ thing. Now interest rates are going up and the gouging will increase.
You blame Trump and his ‘cabal of crooks’ for the way banks have turned into crackers? Really? One guy with ‘crooks’? You’re full of shit. And, you’re just as triggered as the assholes who believe that Russian influence elected Trump. I’m hoping assholes like you don’t own guns because you can’t think clearly.
Well stated, Luke.
The FDIC is not “taxpayer funded”. Each insured bank in the country pays a quarterly assessment, based on their size, to the FDIC. This pays the operating expenses of the FDIC as well as funding the Depository Insurance Fund which is used to insure deposits in banks. That being said, read about “Operation Chokepoint” in which the FDIC was complicit in forcing banks to do what Citi and BoA are now doing voluntarily.
What you say is true. However, how much money do they have and many troubled banks could they realistically bail out?
Doesn’t matter. When these institutions are on the brink of failure again, the GOV will bail them out with our tax money. A vicious circle.
The bank execs must be clueless to think the majority of Americans are anti-gun. Its just the liberals are better at making a mountain out of mole hill.
. . .and the American people have been so gullible for so long that banks will continue to hold all the cards, i.e. credit cards.
Anybody who takes advantage of a 0% interest offer from these banks needs to take another long, hard look at who and what they’re supporting.
Not that it’ll do much good but here again is that list of addresses of institutions who are making a concerted effort to remove the Constitution from America:
Bank of America
P.O Box 15019
Wilmington, DE 19886-5019
Bank of America
P.O. Box 982234
El Paso, TX 79998-2234
Bass Pro Shops
2500 East Kearney
Springfield, MO 65898
Cabela’s Corporate Office and Headquarters
1 Cabela Drive
Sidney, NE 69160
Capital One
41550 Wewatta Street
Denver, CO 80202
Capital One Retail Services
P.O. Box 7680
Carol Stream, IL 60116 7680
CitiBank Customer Service
P.O. Box 6500
Sioux Falls, SC 57117
Home Depot Credit Services
P.O. Box 900100
Louisville, KY 40290-1010
Home Depot Credit Services
P.O. Box 790328
St. Louis, MO 63179
Lowe’s Advantage Credit Card
Synchrony Bank
P.O. Box 530914
Atlanta, GA 30353-0914
Menards Corporate Office
4777 Menard Drive
Eau Claire, WI 54703
Sam Ash
Synchrony Bank
P.L Box 960061
Orlando, FL 32896-0061
Sears Private Label General Enquiries
P.O. Box 6275
Sioux Falls, SD 57117
Sears Consumer Payments
P.O. Box 9001055
Louisville, KY 40290-1055
Sears Mastercard General Inquiries
P.O. Box 6475
Sioux Falls, SD 57117
Synchrony Bank
P.O. Box 530914
Atlanta, GA 30353-0914
Synchrony Bank
Walmart
P.O. Box 105972
Atlanta, GA 30348-5972
The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, OH 44143
Walmart Corporate Headquarters
702 SW Eighth Street
Bentonville, AR 72716
Cancel credit card account number ______________________.
I will not knowingly support anti-gun or anti-hunting credit card providers, retail entities or insurance companies. The financial benefit of these products and financial arrangements are not worth the sacrifice of Constitutional liberty. I will not support a political lobby that intentionally champions the loss of my liberty as an American Citizen and a Veteran of the United States armed forces.
So far my list of credit card cancellations includes all Capital One, Citigroup, Bank of America and Synchrony Bank cards as well as Progressive and Liberty Mutual insurance products. These include the following credit cards: Menards, Home Depot, Cabela’s, Bass Pro Shops, Sears, Lowe’s, Sam Ash and others.
Sincerely,