This article appeared online at TheNewAmerican.com on Tuesday, September 11, 2018:
Citigroup and Bank of America likely figured that since they already handled almost a quarter of Louisiana’s general obligation bonds, they would at least be given an opportunity to bid on the financing of some $600 million in highway improvements near Baton Rouge. But when the Louisiana State Bond Commission met in August, they deliberately and intentionally excluded both banks from the bidding owing to their anti-gun policies.
Just a few weeks after the Valentine’s Day shooting in Parkland, Florida, where a gunman murdered 17 people, Citigroup announced that the bank would no longer do business with any retailers offering high-capacity magazines for sale, or selling firearms to anyone who hasn’t already passed a background check or is under the age of 21.
In April Bank of America followed suit by stopping its lending to any gun manufacturer making “military style rifles.”
When the banks sent Brandee McHale, the head of Corporate Citizenship at Citigroup, to complain about being excluded from the bidding, she was told precisely why, by state Representative Blake Miguez: