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Cuomo Urges (Threatens) Banks Against Doing Business With 2A Companies

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It is one thing, as an elected official, to have and espouse an opinion. It is quite another to make a veiled threat against financial companies and insurers due to your political position or influence. However, that is exactly what many believe Andrew Cuomo, previous governor of New York, did when he crossed the line and “urged” banks and insurance companies—some would say threatened— with repercussions to their reputations if they continued doing business with firearm and ammunition manufacturers. One of those ammunition manufacturers has ‘fired’ back.

Hornady’s Critical Defense load offers a new dimension for personal defense in the .45 Colt revolver.

From Hornady’s FB Post:

“Who does Gov. Andrew Cuomo think he is, telling New York banks and insurers to blackball the gun and ammo industry?

Steve Hornady, President of Hornady Manufacturing, responded:

“The State of New York did one of the most despicable acts ever perpetrated by any state by asking New York banks, financial institutions, and insurance companies to stop doing business with the gun and ammo industry. While it may not make a difference to New York, Hornady will not knowingly allow our ammunition to be sold to the Government of the State of NY or any NY agencies. Their actions are a blatant and disgusting abuse of office and we won’t be associated with a government that acts like that. They should be ashamed.”

In letters to be sent as early as Wednesday, from NY Capitol offices, the state’s top financial services regulator warns banks and insurers of the ‘reputational risk’ they incur by doing business with the National Rifle Association and the gun industry.

The letter from Department of Financial Services Superintendent Maria Vullo does not overtly threaten to impose any penalties on institutions that maintain ties with the gun industry, but notes the public outcry that followed the recent shooting rampage at a high school in Parkland, FL. Would you consider that extraneous information or a thinly veiled threat?

NYDailyNews Reports:

“The tragic devastation caused by gun violence that we have regrettably been increasingly witnessing is a public safety and health issue that should no longer be tolerated by the public and there will undoubtedly be increasing public backlash against the NRA and the gun industry,” Vullo said.

(Read More)

Tom King, an NRA board member from New York and president of the state Rifle & Pistol Association, blasted Vullo’s letter as “extortion.”

 “That’s a veiled threat,” King said about the letters. “Anybody who doesn’t think it is a veiled threat is simply mistaken.” He says.

Mr. King is absolutely right. It IS a threat of extortion! These pseudo Mob extortion tactics will not be tolerated in a Free Capitalist society, and it is high time WE as an American Nation and fight back against these tyrannical State and Federal Leftist bullies.

You make the call. Was Cuomo’s comment simple information or something more significant such as backdoor gun control or influence peddling for the anti gunners? Share your opinion in the comment section.

The mission of Cheaper Than Dirt!’s blog, “The Shooter’s Log,” is to provide information-not opinions-to our customers and the shooting community. We want you, our readers, to be able to make informed decisions. The information provided here does not represent the views of Cheaper Than Dirt!



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