National Citigroup Acted. Now, Two New Ideas on How Banks Can Limit Gun Sales.

[Joe Link]

Citigroup Acted. Now, Two New Ideas on How Banks Can Limit Gun Sales.

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[Caveman Jim]

I vote with my wallet and have to be creative when shopping to exclude the business I boycott. Amazon is one.

 

[Provincial]

I think all banks that take a political stance restricting the use of their credit or services should have to pay the FDIC the real cost of the risk to the bank insurance system. That means that Citi and the others would have to pay astronomical FDIC rates, since they are "too big to fail." That would effectively make them separate their retail banking system from their investments and investment banking system, among other things.

Kind of like Georgia did to Delta Airlines, only almost a Death Penalty.

I suspect that FDIC rules also limit political activities by banks, but I haven't done research on that.