Citigroup has now basically said go to hell to anyone who legally owns a gun. Citigroup now has gun control requirements for anyone who wants to keep their money with Citigroup:
| Citigroup now has gun control requirements for customers |
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Under this new policy, we will require new retail sector clients or partners to adhere to these best practices: (1) they don’t sell firearms to someone who hasn’t passed a background check, (2) they restrict the sale of firearms for individuals under 21 years of age, and (3) they don’t sell bump stocks or high-capacity magazines. This policy will apply across the firm, including to small business, commercial and institutional clients, as well as credit card partners, whether co-brand or private label. It doesn’t impact the ability of consumers to use their Citi cards at merchants of their choice.
I can’t wait to see the backlash Citigroup gets for this. The next time the bankster pigs come whining for a bailout to congress, be sure to remember what Citigroup told it’s legal gun owning customer to do today. You are now longer considered a valuable customer to Citigroup.
Citibank continues:
We know our clients also care about these issues and we have begun to engage with them in the hope that they will adopt these best practices over the coming months. If they opt not to, we will respect their decision and work with them to transition their business away from Citi.
We have few relationships with companies that manufacture firearms. For those that do, we will be initiating due diligence conversations on the subject to better understand what products they make, what markets and retailers they sell to and what sales practices those retailers follow to ensure adherence to the best practices outlined above. This same due diligence screening will apply to potential clients going forward.
These common-sense sales practices already have widespread public support according to recent polling and they are easy to implement. Some, like Walmart, have gone even further.
I don’t have any money with Citibank to pull out from them. But if you do, I highly recommend that you not only transfer your money to another bank, but tell everyone you know to do the same. Citigroup must pay for this fascist like policy they have implemented.
Hitler, Mao and Stalin must be smiling from ear to ear in hell right about now.