NRA says it’s broke and on the verge of collapse

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Aim1

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This can’t be good if true. Not sure it’s true though.



https://nypost.com/2018/08/03/nra-says-its-broke-and-on-the-verge-of-collapse/



NRA says it’s broke and on the verge of collapse

By Bob Fredericks

August 3, 2018

The deep-pocketed NRA claims it’s going broke and may soon “be unable to exist” — and blames Gov. Andrew Cuomo for its purported poverty, according to a recent court document that’s part of its lawsuit against the state.

The pro-gun lobby — which gave a record $21 million to Donald Trump’s 2016 presidential campaign — said it’s headed to the poorhouse because a state agency told insurers to cut ties with the association and slapped a $7 million fine on NRA insurance broker Lockton Cos.
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Aim1, the headline doesn't reflect, actually isn't even close to reflecting, the evidence actually included in the story.

Your point?

I vote drive-by.
 
Aim1 said:
This can’t be good if true. Not sure it’s true though.



https://nypost.com/2018/08/03/nra-says-its-broke-and-on-the-verge-of-collapse/
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It is the NY Post, but they got the information from a NRA lawsuit so unless the NRA is lying it's true. That was the first I've heard of NRA TV, but I don't get the Sportsman or Outdoor channel any longer so maybe they're on one of those channels? I'm surprised by this, I would think that the NRA has more members and donations now than they've ever had.
 
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There's a huge difference between "Broke and on the Verge of Collapse" and financial hardship due to being unable to obtain insurance at the same price as they previously could.
 
Frankly, the article is so poorly written I cannot make out what it is saying. Before you start saying that I am just unable to read, the article addresses three different issues: Liability insurance for the NRA as an organization, it touches on the NRA TV, then it goes on to the NRA Cary guard insurance.

Liability Insurance:
The group had filed a federal lawsuit against Cuomo and the state in May, claiming New York launched an unfair “blacklisting campaign” against the association.

In the new court filing in late July, the NRA complained it couldn’t obtain financial services crucial to its operations and faced “irrecoverable loss and irreparable harm” after losing insurance coverage.

“Insurance coverage is necessary for the NRA to continue its existence,” according to the new document, which was first reported by the New York Law Journal.

Without liability insurance, the “NRA cannot maintain its physical premises, convene off-site meetings and events, operate educational programs … or hold rallies, conventions and assemblies,” the filing said.
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NRA TV:
NRA-TV may also be on the chopping block, the Oliver North-led association complained.
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Carry Guard:
The state argued in a motion filed in early July that the insurers they targeted were selling coverage that violated state law, according to the Law Journal’s report.

The insurance, called Carry Guard, provided coverage for any criminal defense bills and protection from civil suits an individual could face after using a gun in self-defense.

The state argued that the coverage was illegal because “New York state law prohibits insurance coverage to defense costs arising out of a crime.”
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And then back to Liability Insurance and other Financial Services:
Dallas-based William Brewer III, lead lawyer for the NRA, told the Journal that the group was “suffering setbacks” because of the state’s actions.

“The amended complaint raises concerns about the material impacts to the NRA as a result of the actions of Governor Cuomo and DFS,” Brewer said in a statement about the new filing.

“Our client is suffering setbacks with respect to the availability of insurance and banking services — as a result of a political and discriminatory campaign meant to coerce financial institutions to refrain from doing business with the NRA. The actions of defendants are a blatant attack on the First Amendment rights of our organization,” he continued.
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All quotes from here

It seems that the author is trying to put too many different things in one article. Frankly, I will wait until I see a better written article on this before deciding if it is time to worry.
 
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Click bate
Nothing in the scrambled articles says the NRA is broke.
Please don't spread rumors.
 
243winxb said:
The lawsuit NRA vs New York https://www.nraila.org/media/2543/file-stamped-complaint.pdf

Post #13 mostly came from the rolling stone mag. https://www.rollingstone.com/politics/politics-news/nra-financial-trouble-706371/

Hope NRA wins the lawsuit.
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Not to be to nit picky, but I do try to cite my posts. When I posted All quotes from here in post #13, what I intended for people to understand was that all of the quoted material, that I had included, came from that source. Further, it was that article that I was commenting on in post #13, not the one in Rolling Stone. At that point I had not read the rolling stone article that you linked to.

Not to go to tangental, but being permitted to cite my posts is part of why I like this forum.
 
This is one where new posts should have solid new information. Let's that be the rule for new posts. Then we can discuss it.
 
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