Remember back in February when Delta dropped the NRA discount and the Georgia GOP decided to repay Delta for getting political by sticking them with $40 Million in taxes?

Some Republican Congressmen are going for record in “hold my beer” one-upmanship.

Last month, I reported where the CEO of Citigroup decided that the bank was going to pursue its own firearms policy, using its financial weight to push management’s political opinions on people.

According to The Daily Caller:

Sixteen Republican congressmen are asking the General Services Administration (GSA) to reevaluate a $700 billion contract with Citibank as a result of the the financial institution’s “anti-Second Amendment policies.”

That is $700 Billion.

I’m going to write every word out just so the magnitude of it sinks in: seven hundred billion dollars.

This is what the Congressmen had to say.

“This flagrant attempt to undermine our fundamental rights by caving to radicals should not be endorsed by our federal government,”the congressmen added. “The federal government should instead do business with companies that respect all of our constitutional rights, including the Second Amendment. GSA should take all necessary steps to review and terminate its contract with Citibank unless they rescind their guidelines, and rebid the SmartPay 3 contract.”

“This flagrant disregard for American citizens and their God-given Second Amendment rights cannot be tolerated,” Rokita said in a statement to TheDCNF. The congressman is challenging incumbent Democratic Indiana Sen. Joe Donnelly in November.

“Those who seek to undermine those God-given rights do not deserve taxpayer dollars and should be denied federal contracts. Congress has sworn to uphold the Constitution, and it is paramount that we stand united for the American people and their right to bear arms,” said Rokita.

That’s going to leave a mark on their bottom line.  The resulting devaluation of Citigroup should cause heads to roll in the board room.

Like I said just a few days ago, when banks that benefit from the goverment and taxpayers think they can start playing partisan politics, politicians from the other side of the aisle will start to push back.

I figured new regulations were coming.

A $700 Billion “fuck your balance sheet” is even better.

I salute these Congressmen.  I enthusiastically support giving these banks a financial version of the ol’ Bobby Trippe.

 

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By J. Kb

5 thoughts on “That one is going to cost them”
  1. Good.

    The too-big-to-fail-but-give-us-a-guvment-bail-out banks need to be regulated into nonexistance. They made their bed, now they must lie in them.

    In the immortal words of Clive Owen in Shoot ‘Em Up: “Fuck you, you fucking fuckers.”

  2. Works for me. Won’t get through the Senate, but just the threat (and maybe some regulations from the executive) should lower the stock price a bit.

  3. How about removing FDIC protection, any and all Gov’t contracts or accounts, permanent ban on any tax payer money, bailouts, zero borrowing any Gov’t money for any reason, zero backing of any or insurance for any financial transactions and any interest collected in relation to any Fed interest. No company or related group that has any Gov’t contracts of any kind and no federal or state deposits allowed like tax refund, social security, VA, etc.

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