Two Antitrust Democrats OK Taking Money From Big Banks Working Against the Firearms Industry

Bank of America

Shutterstock

By Larry Keane

Any other year, taking money from an industry that’s conducting barred activity would be called corruption. Not in election years, though, and not when it comes to banks and guns.

Congressional Democrats are holding a fundraiser Aug. 24 for Democratic nominee Joe Biden that’s headlined, “Virtual Conversation on the Future of Antitrust,” according to Politico. The event will be hosted by U.S. Sen. Amy Klobuchar (D-Minn.) and U.S. Rep. David Cicilline (D-R.I.) and is being feted as “a chance to talk about technology and antitrust with Sen. Klobuchar,” in the invitation.

Sen. Klobuchar is the ranking member of the Senate Judiciary Committee’s antitrust subcommittee and Rep. Cicilline chairs of the House Judiciary Committee’s antitrust subcommittee. That raised eyebrows with Politico. Both have taken a “get tough” approach with tech and social media giants, but it seems they’re taking the edge off that approach.

Change Name, Focus

Since Rep. Ciciline joined the slate, the fundraiser went from being a “Virtual Conversation on the Future of Antitrust,” to just being a “Virtual Conversation,” where a modest $10,000 donation buys a spot as a “chair” of the fundraiser and even a paltry $250 get the “supporters” cheap seat. That’s peculiar because those donating to this fundraiser seem to have an interest in keeping the government oversight out of their books and not looking at antitrust activity.

Politico’s Zachary Warmbrodt wrote: 

Contributions from individuals affiliated with the six largest lenders total $907,216 for Biden and $293,434 for Trump, according to a POLITICO review of campaign finance data. Biden has a significant fundraising advantage at every one of the banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley.

Warmbrodt suggests the banks are betting Biden’s better for the country, even if his policies are worse for the banks. Here’s why the firearm industry finds this peculiar.

Democrats are happy to outsource their failed and rebuked Operation Choke Point scandal that sought to discriminate against members of the firearm industry under the direction of the Obama Administration Department of Justice.

Citibank corporate gun control

Bigstock

Instead, antigun politicians like Sen. Klobuchar and Congressman Cicilline are happy to farm out the political dirty work to banks to enact their own discriminatory policies to deny the industry access to financial services.

The fundraiser went from being a discussion of antitrust to just a discussion of when the banks got involved. At the same time, two of the supposedly most-strident antitrust politicians are suddenly mum on banks especially when Citigroup, Bank of America and other banks all adopt similar policies to box out an entire industry from accessing financial services. Wells Fargo is reportedly severing ties with those in the firearm industry.

Wells Fargo bank

By Mike Mozart from Funny YouTube, USA – Wells Fargo Bank, CC BY 2.0,

They’re denying access to loans and services simply because these businesses make firearms that law-abiding Americans want to purchase for lawful purposes. Faceless corporate executives are wielding their boardroom authority to unlawfully discriminate against the firearm industry.

What’s more, they’re doing it even after they’ve gladly accepted taxpayer bailouts when these banks were “too big to fail” and use taxpayer money and taxpayer-funded resources even today to insure their holdings and operate their businesses.

Pulling Their Punches

This is why the fundraiser is raising a collective eyebrow. Two politicians who are vocal on antitrust issues are suddenly silent on banking antitrust activity when it suits their political agenda and that of their preferred presidential candidate. They don’t want to take jabs or expose the inconvenient truth that banks are doing the bidding of an antigun agenda that was found to be illegal when it was proffered by the Obama administration.

The same Operation Choke Point discrimination is happening now, only it’s being carried out under the guise of “reputational risk,” even though this is an industry that contributed $6.75 billion in taxes last year. Those taxes, along with the taxes of more than 100 million gun owners, insures these banks and allows them to stay in business, under a federal charter.

To make it clear enough that no one feels they’re reading the fine print of a mortgage agreement, this is what’s happening. Banks are donating big money to an antigun presidential candidate. Politicians who are supposed to be their watchdogs have no issue with them carrying out unlawful antitrust activities because it suits their antigun political agenda, so they won’t talk about it.

After all, banks are doing exactly what the Obama administration’s Department of Justice did and was slapped for it by Congress. So, they’ll remain quiet, let them discriminate and collect the checks.

In any other arena, this is called corruption and hypocrisy. In elections, this is called politics.

 

Larry Keane is SVP for Government and Public Affairs, Assistant Secretary and General Counsel of the National Shooting Sports Foundation.

comments

  1. avatar former water walker says:

    Just saw Amy K. jabbering on FOX. Delusional is my best description. Trying to pretend S L O W Joe is a moderate…why Republican’s don’t use their power is beyond my understanding!( I’m not registered republitard!)

    1. avatar Debbie W. says:

      Here we are at the doorstep of a crucial election and your contribution is pulling a slanderous label of your politically inept behind. A label that craps on those pulling the wagon. A label that makes democRats happy and you a useful idiot.

      TRUMP/PENCE 2020.

      1. avatar Debbie W. says:

        To whom it may concern…If you cannot man up and back the POTUS et al then you are part of the problem. If you fear offending gun talking twerps and have to appease them by hurling cheap shots at The Party of Lincoln, the POTUS then you have a problem.
        With a diabolical, deranged democRat Party ready and willing to.make your life miserable it is no time for infighting, etc. There is a time for that and this is not the time to be a john kasich.

        1. avatar former water walker says:

          Whoa Princess! Weren’t you mocking Jamaicans yesterday?!? YOU must be a raciss gal😏 I’m voting for Trump oh sensitive gal. Just not as a registered REPUBLITARD. No party labels princess(R sux in ILLinois).

        2. avatar The Crimson Pirate says:

          I’m voting for Trump but you republicrats need to get your house in order. I don’t blindly follow anyone, any party, or any person.

          The facts are that when your party has the house, the senate, and the white house;
          1)social spending expands faster than under the dems.
          2)No gun control ever gets rolled back
          3)Foreign wars and adventurism that damage our freedom and bleed our tax dollars start, continue, or expand

          Right now the republicrats and Trump have not earned my vote, but rather the democrats have virtually whipped me to the polls to vote against them.

          Get your shit together.

  2. avatar Ing says:

    Remember how all the dystopian movies always assumed (even if unspoken) that the hellish future corporatocracy of America was the inevitable end result of Republicans and capitalism? Well, as usual, whatever the Left wants you to believe about its enemies is exactly what the Left itself is already up to.

    This isn’t corruption or hypocrisy or even election-year politicking. It’s a *plan*. Whether these two politicians are wise to it may be a different story, but what the progressive fascists can’t get via government (where the peons actually do have a voice), they’re going to get by other means. They’ve pivolted to Huxley’s instruction manual instead of Orwells.

    1. avatar I Haz A Question says:

      Bread and circuses…until the bread and circuses stop and the masses become angry.

      Almost at the Soylent Green phase in some metro areas.

      1. avatar former water walker says:

        Did you see that s##t in Portland?!? Dunno why those motorists didn’t run over Antifa/BLM scum…how much worse could it be?!?

        1. avatar The Crimson Pirate says:

          A good article on how someone successfully handled driving through a riot in 1992.
          http://www.seraphicpress.com/jew-without-a-gun/

          And a bonus
          http://www.seraphicpress.com/stalked-girl-without-a-gun/

          In Portland, I am not sure of the man’s relationship to the riot/rioters. He was stopped, trying to help a trans “woman” who had been robbed when it started, before he sped away and crashed.

          I don’t know if he was passing by, saw something, and stopped to intervene, or if he was involved, things went sideways, and he tried to intervene. To some that might make a difference. It doesn’t to me as I have friends (who no longer speak to me because of this) who believe that there are truly peaceful protesters and the rioters are a minority of outsiders who came to intentionally start trouble. One day they will realize that they are wrong. This man may have been such a person, and had such a realization the hard way.

    2. avatar Dude says:

      “whatever the Left wants you to believe about its enemies is exactly what the Left itself is already up to.”

      I’ve discovered that this is exactly what’s been happening. It includes everything from charges of racism to election meddling. They know they can say and do whatever they want because we have a dysfunctional media class that pretends to report the news when they’re actually just a bunch of democrat activists.

  3. avatar WI Patriot says:

    “Two Antitrust Democrats OK Taking Money From Big Banks Working Against the Firearms Industry”

    Beggars can’t be choosers…
    The graft runs deep within dems…

  4. avatar Shire-man says:

    Was gonna compare bankers spending on Democrats to that evil NRA spending on Republicans and saw that Bloomberg literally just bought the DNC outright.
    https://www.opensecrets.org/parties/contrib.php?cycle=2020&cmte=DNC
    Hysterical.

    1. avatar PMinFl says:

      I believe that all politicians are bought and paid for, the democrats are just better at it.

      1. avatar Darkman says:

        Breaking a politicians lust for money is comparable to trying to rehab a chicken killing dog. In the end you finally realize it’s either the chickens or the dog.

  5. avatar Bucephalus says:

    Why are we surprised? Politicians of both sides have no shame when it comes to lining their own pockets or filling their campaign chests.
    Hypocrites

  6. avatar Prndll says:

    All it does is push me even more to vote for Trump.

  7. avatar Mark N. says:

    Biden being a democrat from Delaware was always friendly to corporate and banking interests. I seem to recall that Old Joe was behind the bill that eliminated the usury cap on private lending. Removing that cap is why you can’t find a credit card that charges less than 14% or so and up over 35%, even though banks are paying less than 1% on savings accounts.

    1. avatar anyway says:

      That sounds about right for a scumbag like him. Unfortunately usury has become an integral part of modern economics, but it truly is a truly sinful thing. You cannot serve God and Mammon.

  8. avatar davida says:

    no anti gunner was ever qualified to represent an armed public under the constitution and bill of rights THAT is the fact. get them ALL out of office and repeal there unconstitutional laws they passed .
    Image may contain: text that says ‘LAW OF THE LAND The general misconception is that any statute passed by legislators bearing the appearance of constitutes law of the land. The U. S. Constitution is the supreme law of land, and statute, to be valid, must be in agreement. It impossible for a law which violates the Constitution to valid. This is succinctly stated as follows: “All laws which are repugnant to the Constitution are null and void. Marbury vs. Madison, 5 US (2 Cranch) 137, 174, 176, 1803)’

  9. avatar Dude says:

    “Biden has a significant fundraising advantage at every one of the banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley.”

    Wall Street has favored democrats in the past three presidential elections. With all of the tough talk (wink wink) from democrats about Wall Street, do you think dim voters would be surprised to learn this? Remember how Hillary said she was going to stick it to those nasty hedge fund managers…as her son in law was raking in a fortune on a failed hedge fund? Investors were merely buying influence from his mother in law.

  10. avatar Ronald west says:

    Banks can’t help the people of this nation who really need help, but are willing to support a known liar, that has more then his needs, and who is all out to take all the freedom and rights from the American people, I believe if the banks support Biden, it’s shows who they are, like Biden just out for themselves, and don’t give a damn about the people that keep them in business. I say let’s remove all our funds , close all accounts, which would put them on the unemployment lines, with nothing in any reserves, so as they can feel what it’s like to need help and can’t get any.

  11. avatar Jeff says:

    The dems will take money or help from anyone, even from “republicans” that are willing to spew their lies. They do not view politics as working for the people but as scorched earth warfare. All of the blue dog dems are dead and buried so hopefully we will see gun toting dems coming over to vote republican”. If Biden wins the election we will see an all out attack on gun rights and the constitution.

Write a Comment

Your email address will not be published. Required fields are marked *

button to share on facebook
button to tweet
button to share via email