Quantcast

Boycott citibank and bank of america

Discussion in 'Activism Discussion and Planning' started by thegunenthusiast, Apr 14, 2018.

  1. thegunenthusiast

    thegunenthusiast Member

    Joined:
    Nov 22, 2009
    Messages:
    24
    Location:
    Chicago, IL
    It appears that citibank and bank of america moved into politics business. And the worst way possible: on the side of tyranny that is advancing on our natural rights one of which is right of living being to live and right to defend own life using all means one deems appropriate.
    Alas, for as long as I have some money to put in the bank, citibank was the bank that enjoyed benefiting from my money I had put in their bank. But now that they decided to step out with crusade against my rights, I am going to withdraw all my money and transfer them to different bank. I wish all good people do the same.

    thegunenthusiast
     
    Last edited: Apr 14, 2018
  2. hso

    hso Moderator Staff Member

    Joined:
    Jan 3, 2003
    Messages:
    50,267
    Location:
    0 hrs east of TN
    https://www.thehighroad.org/index.p...asis-on-work-read-this-before-posting.270671/

    Instead of throwing stones lets get some contributions on how to improve on the sliver of an idea presented by the OP? Just closing your bank or card account doesn't go far enough by itself. How do you make them understand why? Where do you go with those accounts that doesn't currently undermine gunowners, FFLs, and manufacturers? How do you get more people to move their money there? What can we get our state banking officials doing in response to these bank's actions? What do we get our federal elected officials to do?
     
  3. old lady new shooter

    old lady new shooter Member

    Joined:
    Apr 26, 2015
    Messages:
    6,636
    I believe some banks are federally regulated while others are state-regulated. Probably Citi and B of A are both federally regulated. But on what basis would you have government act? To force them to do business with firearms companies? I don't think they have the authority -- the regulators' function is to make sure the banks stay solvent.

    Here's what I think a boycott looks like:
    -> move all deposits to other banks, this is simple for any that are not locked in with a penalty
    -> people with a loan from one of them are not going to want to incur the cost of moving their loan to a different bank, especially not to one where there is no guarantee they won't also embrace an anti-firearms policy
    -> credit card, if you want to keep your credit card with one of these, just make sure you pay in full on time every month, do not pay them interest

    Not clear how much the above actually hurts mega-banks like B of A or Citi. Banks mostly make money on their loans.

    Publicity in firearms-friendly areas can't hurt -- gun enthusiasts probably all know about these developments, but someone who just has maybe a shotgun and one handgun might not pay attention to gun news.

    The best thing would be for gun folks to band together and form a new bank whose charter promises never to do stuff like B of A and Citi are doing...it would be nice to imagine taking enough business away from them so that they hurt but even if not, as long as firearms-related businesses can still get banked we have accomplished the part we actually need.
     
  4. 25-5

    25-5 Member

    Joined:
    Jul 29, 2015
    Messages:
    393
    Location:
    1945
    If you boycott a "mom & pop" type shop you can put them out of business and put out of work someone's friends and family who do not share the owner's politics. Job well done?
    Boycotting banks or large corporations does nothing. You feel good, but they don't care. At all.
    B of A has always been way left. Not news.
    Citi also liberal. They are also the card of choice for Costco. Another place not to shop?
     
  5. old lady new shooter

    old lady new shooter Member

    Joined:
    Apr 26, 2015
    Messages:
    6,636
    Costco AFAIK has not made any anti-2A statements. And they sell gun safes. I'm sure the reason they made the deal with Citi is that's who offered them the best terms. Previously they were with AmEx, and the word at the time of the change was that Citi gave them a better deal. So other cards were probably also competing, Citi was hungrier and offered more.

    BTW, boycotts of large companies also have an effect, look what happened to Target after they instituted the "use any bathroom or dressing room you want" policy.
     
  6. dh1633pm

    dh1633pm Member

    Joined:
    Apr 28, 2009
    Messages:
    1,482
    Location:
    Central New York
    Other companies that have exclusive agreements with other companies, although not anti 2a can be considered targets as well. I stopped using my Bank Of America cards that I used for travel. I will close them very shortly.
     
  7. old lady new shooter

    old lady new shooter Member

    Joined:
    Apr 26, 2015
    Messages:
    6,636
    I have to say, unless Costco themselves come out with something anti-2A, I don't think it's fair or right to boycott them for having the Citi deal -- the deal was made months ago before Citi instituted their new anti policy, and Costco can't just change cards overnight, it took months for them to make the switch from AmEx.
     
  8. waho

    waho Member

    Joined:
    Mar 6, 2012
    Messages:
    52
    Anybody know which Firearm company's BofA or Citi has done or is doing business with? Maybe they're just jumping on the 'me too' bandwagon.
     
    old lady new shooter likes this.
  9. thegunenthusiast

    thegunenthusiast Member

    Joined:
    Nov 22, 2009
    Messages:
    24
    Location:
    Chicago, IL
    Boycott of big companies does work. So far the people - you and me - have largest compound amounts of money earned, spent, and saved in banks. As soon as it will be not people, but state or government, then we, the people, and our money will not matter much anymore. But that will be equivalent of socialism or communism as opposed to capitalism we still have in the US.
    Someone mentioned recent example of successful boycott: Target. I am old enough to remember our boycott of Smith and Wesson after they embraced assault weapons ban. They have lost a lot of profit, downsized significantly, and best engineers and machinists left for other companies (it is usually best that go away first, as they know their abilities, and easier find new place). And Smith and Wesson became rather poor firearm design and quality manufacturer and stayed such for over a decade. Some people like myself have long memory for bad things done. I still stay away from Smith and Wesson anything.
    My divorce with citibank is on its way. I visited one of my prospective future banks, and so far they sound OK, and by the end of the week I will visit another, will have decision on which of the banks it will be, and will open accounts in it and will move between half and two thirds of my money there. And in a Month I will visit citibank to close my accounts for good. Yes the plan sounds slow, but the deadlines are set and it will be done withing these dead lines.
     
  10. red rick

    red rick Member

    Joined:
    Aug 11, 2009
    Messages:
    1,829
    Location:
    Virginia
    My Bass Pro Rewards card is issued by Bank of America . I am going to call or email Bass Pro and Bank of America and let them know why I am closing my account with them and cutting up my credit card .
     
  11. ilbob

    ilbob Member

    Joined:
    Jun 14, 2006
    Messages:
    14,023
    Location:
    Illinois
    In Illinois all loans on titled vehicles are simple interest loans with no prepayment penalty, or so I have been told.

    So if you have a car loan with BA, you can probably get it refinanced by your local credit union. many times at a lower rate. I am planning to do so and will let BA know why.

    It won't break them, but at least I won't be directly supporting someone who stabbed me in the back.
     
  12. old lady new shooter

    old lady new shooter Member

    Joined:
    Apr 26, 2015
    Messages:
    6,636
    Good job. :)
     
  13. AlexanderA
    • Contributing Member

    AlexanderA Member

    Joined:
    Feb 27, 2011
    Messages:
    4,259
    Location:
    Virginia
    Bank of America has backtracked, by lending money to Remington to help it get out of bankruptcy.
     
    P5 Guy likes this.
  14. old lady new shooter

    old lady new shooter Member

    Joined:
    Apr 26, 2015
    Messages:
    6,636
    Not exactly. They committed to the loan prior to announcing their new policy. The time difference was only a few days, maybe they did that on purpose, but whatever, they did NOT lend the money after announcing the policy. See https://www.foxbusiness.com/markets...rifle-maker-despite-pledge-to-end-gun-support .
     
  15. thegunenthusiast

    thegunenthusiast Member

    Joined:
    Nov 22, 2009
    Messages:
    24
    Location:
    Chicago, IL
    That is the meanest thing they could do. They wasted Remington's time and effort on going for their loan, and then refused to give the loan. Time went by, the deadline is closer, and you have to start from scratch. Sound to me like purposeful calculated evil doing.
     
  16. old lady new shooter

    old lady new shooter Member

    Joined:
    Apr 26, 2015
    Messages:
    6,636
    I think I may not have expressed myself clearly. They DID make the loan, however it was agreed to BEFORE they announced their new policy. So they are having their cake and eating it, the excuse being that they couldn't back out after having already committed.
     
  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice