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U.S.A. -(AmmoLand.com)- Big banks are showing they love two things: Communist cash and discriminating against Constitutionally-protected industries.Multinational corporate banks including JP Morgan Chase and Citigroup told the Biden administration to back off sanctioning Russia, according to a Bloomberg report. The crippling measure would have booted Russia from the SWIFT financial messaging system, a global payments system used by 11,000 financial institutions in over 200 countries. The White House announced that certain Russian banks would be expelled from SWIFT, but spared energy export transactions. These are the same banks that refused to do business with U.S. oil and gas companies in a policy described as “redlining.” It’s the same financial discrimination these banks use against firearm-related businesses.SWIFT, or Society for Worldwide Interbank Financial Telecommunication, is a system that financial institutions use to transfer funds quickly. Instead of denying Russian petrol dollars to keep flowing, corporate banks that want to deny American gun rights by choking off access to financial services to gun companies want to keep the spigot wide open for Russian President Vladimir Putin as he indiscriminately attacks civilian population centers in Ukraine. ...Dumping Russia from the system would have helped isolate Russia financially from financing their unprovoked attack on their neighbor Ukraine. Big banks, though, wanted to shield their investments and keep the money flowing to Russia. These are the same banks that openly discriminate against U.S. firearm-related businesses through policies denying banking services because they disagree with lawful firearm ownership.That’s a right protected by the Constitution. In other words, that’s freedom. These corporate banks that roll in Communist cash want to use their financial leverage to force antigun policies in the United States, including enacting age-based gun bans that would deny lawful firearm ownership to adults under 21 and enact a ban on Modern Sporting Rifles (MSRs), the most-popular selling centerfire rifle in America.It’s time Congress acts on the Fair Access to Banking Act, introduced in the U.S. Senate by Sen. Kevin Cramer (R-N.D.) as S. 563 and by Congressman Andy Barr (R-Ky.) as H.R. 1729. This legislation would ensure that banking and credit decisions by financial institutions are based on individualized creditworthiness and impartial risk-based standards. ...
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Topic: Big Banks Back Russia, Spurn Second Amendment (Read 53 times)
