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The
Below Comments Relate to this Newslink:
Bank of America's Loan to Remington Tests Its Firearms Pledge
Submitted by:
David Williamson
Website: http://constitutionnetwork.com
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Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which makes assault-type rifles, just weeks after the U.S. bank said it would stop financing "military-style" firearms for civilians. The bank 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.
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| Comment by:
PHORTO
(5/7/2018)
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"Wells Fargo has said it believes the government should set gun policy, not companies through their credit."
Only as long as the government understands that "[T]he enshrinement of constitutional rights necessarily takes certain policy choices off the table." - D.C. v. Heller (2008). |
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| QUOTES
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| After having thus successively taken each member of the community in its powerful grasp and fashioned him at will, the supreme power then extends its arm over the whole community. It covers the surface of society with a network of small, complicated rules, minute and uniform, through which the most original minds and the most energetic characters cannot penetrate, to rise above the crowd. The will of man is not shattered, but softened, bent, and guided; men seldom forced by it to act, but they are constantly restrained from acting. Such a power does not destroy, but it prevents existence; it does not tyrannize, but it compresses, enervates, extinguishes, and stupefies a people, till each nation is reduced to nothing better than a flock of timid and industrious animals, of which the government is the shepherd. — Alexis de Tocqueville |
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