At Ammoland yesterday evening, John Crump had article about how Texas AG Paxton Targets Anti-Gun Banks. Yet another way the Marxists gun-grabbers attempt to steal your rights secured by the Second Amendment is by cutting off financial services to gun related industries. This was started under Obama and called "Operation Choke Point." Trump supposedly put a stop to it, but clearly the deep state didn't listen. It continues with banks like J.P. Morgan and Bank of America.
After beating corruption charges and surviving an impeachment, Texas Attorney General Ken Paxton is now back in office. Now, he has set his sights on several big banks, such as JP Morgan Chase and Bank of America, for violating Texas law. The law referenced is anti-discrimination legislation that punishes banks for refusing to do business with firearms companies, implementing environmental, social, and governance (ESG) policies, or refusing to do business with companies because Israelis own them.
“As Attorney General, my job is to uphold state law and ensure that Texas remains a friendly state for companies to do business—including those that produce the energy we depend on and the firearms that secure our safety and freedom. And given the recent brutal Hamas terrorist attacks against Israel, it is more important than ever to enforce public policy supportive of one of America’s closest allies and a beacon of freedom in the Middle East,” the letter reads.
Texas laws prevent any bank that underwrites any municipal bonds in Texas from treating gun companies any differently from any other companies. This statute means that banks cannot refuse to do business with the firearms industry because they object to the products. Big banking institutions have been placed under immense pressure from anti-gun groups to drop firearms companies as customers.
The banks will say that they are worried about their "reputation" if they do business with gun related industries. Really? Supposedly this is because guns might be used to further crimes, soiling the banks' otherwise unsullied reputation. Oh pul-ese. (sarcasm alert) And I suppose then that if they do business with pharmaceutical makers, they are worried their reputation might be tarnished by the illegal drug makers? Do they also not do business with auto manufacturers because of drunk drivers? Just how far does this go? (end sarcasm). Oh, it turns out it only an issue when a Marxist disfavored group is the target. Otherwise, they are wide open profit machines.
Gentle readers should read the entire article. Ken Paxton deserves credit for standing up to forces that are quite powerful. I wish there were more like him.
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