Bank of America is preparing to provide critical financing to Remington Outdoor, which makes assault-type rifles, just weeks after the bank said it would stop financing “military-style” firearms for civilians.
BofA is contributing $43.2 million to a $193 million lending package funded by seven banks, according to court documents, which will help put Remington back on stable footing as it emerges from bankruptcy later this month into an uncertain environment for gun makers.
Bank of America recants, says it will fund assault rifle maker
This is a major slap in the face to the Gun Control movement. Not a peep from any of the Usual Suspects which is weird because I would expect David Hogg foaming at the mouth.
Something must have clicked very hard behind the scenes at BoA. I am guessing it had to do with other banks not getting into the political BS and backing Remington:
Wells Fargo and Regions Bank are each providing $43.2 million, while Branch Banking and Trust Co., Synovus Bank, Fifth Third Bank and Deutsche Bank are providing smaller amounts.
I am starting to like Wells Fargo a lot.
Called it.
Wells Fargo isn’t the best, morally, especially after their predatory loan practices and the way they screwed their own account members, but I have to give it to them when they drew a line in the sand over the 2nd Amendment.
Now we’ll get to see if they have the testicular fortitude to stay the course, or if they’re somehow gaming the system to stab their borrowers in the back in good old Wells Fargo fashion.
As to BoA? I’m only associated with them because they bought the bank that bought the bank that bought the bank that …. finally bought my bank. Can’t count how many times my account holder has changed since 1985. BoA has always been morally amoral in their actions, only concerned with their bottom line. Maybe someone finally got through their soulless hearts that the people of the Gun have many more mucho dollars than the godless communistic socialists that compose the ranks of the SJW and other like-minded heathen. Especially since said brain-dead SJW heathens have the attention-span of a gnat on a windshield (oh, look BoA won’t lend) while the PotG tend to be long-remembering (seriously, lots still hold grudges over Ruger’s position 30 years ago, or S$W’s caving, or…)