Manonthestreet
Diamond Member
- May 20, 2014
- 35,169
- 23,673
The New York Times columnist Andrew Ross Sorkin wrote on Monday that he had spent several days speaking with "a handful of chief executives" to discuss how banks and credit-card companies could intervene in gun sales. Sorkin said he found universal enthusiasm, though none of the executives would speak on the record.
Sorkin drew upon Visa's espousal of "corporate responsibility" to argue that financial companies should change their terms of service to cut business ties with retailers that sell assault weapons, high-capacity magazines, and bump-stock devices designed to accelerate the firing rate of semiautomatic rifles. Banks are mulling a creative way to enforce gun control even if the US government doesn't make a single change
Again the trope that all gun stores sell assault weapons. Moving past that I think something like this fails bigly and could do permanent harm to credit card co's who engage.
Sorkin drew upon Visa's espousal of "corporate responsibility" to argue that financial companies should change their terms of service to cut business ties with retailers that sell assault weapons, high-capacity magazines, and bump-stock devices designed to accelerate the firing rate of semiautomatic rifles. Banks are mulling a creative way to enforce gun control even if the US government doesn't make a single change
Again the trope that all gun stores sell assault weapons. Moving past that I think something like this fails bigly and could do permanent harm to credit card co's who engage.