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

By CTD Blogger published on in General, News

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 Critical Defense .45 Colt bullet

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.

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Comments (41)

  • Mark Carpenter

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    More proof that liberalism is a mental disorder.
    Kudos to Hornady for slapping the lead control freak/hypocrite of New York in the face.My hope is that more ammo manufacturers follow suit and put the hurt on New York state agencies..
    I normally only use Honady’s Ultra Slug product, but will now begin purchasing some of their other ammo to try and alleviate some of their lost income. It would be nice if as many of us as possible could pitch in to help them out as well. We need to stick together and support one another through all this insanity the left is throwing at us.

    Reply

  • Jim

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    I would tell the governor on New York he could KMA on main street at high noon.

    Reply

  • Robert Martin

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    Just who does this pompous jackals think he is? Extortion and bullying cannot and should not be tolerated. They cry and want the citizenry disarmed yet have armed guards protecting them. Bit of a double standard isn’t it. Hornady I will continue to purchase your ammo as well as reloading components. My family stands behind you. Cheaper than dirt thanks for great service.

    Reply

  • Greg McMinn

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    Thank you Mr. Steve Hornady for your commitment to the Second Amendment. I will be purchasing more of your fine ammunition from now on. I wish all manufacturers would do the same and leave New York defenseless. They would then cry for help from the NRA when criminals run the state like they do now. And by that I mean the politicians.

    Reply

  • BMZ

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    The way the media over publicizes mas shooting events and further publicizes every self-serving diatribe about how guns are destroying our society just emboldens these mentally deficient individuals to believe that all they have to do is commit one of these atrocities to garner their 15 minutes of fame.

    I further believe that mental illness in one form or another is far more rampant in this world than anyone really knows and a much larger problem than anyone knows how to deal with.

    To all of you liberal do-gooders out there who believe this over-simplified solution of gun control will solve the issue, start dealing with the problem and not the symptom or end result. It really is up to all of us to be aware and take appropriate steps to report or stop anyone with aims of comitting an atrocity, whether with a gun or a vehicle. There have always been tell-tale signs well in advance of these incidents, often ignored- many times by law enforcement. Be involved, know your neighbors and coworkers. Society has gotten too impersonal. More laws on the books won’t solve the problem, neither can the law enforcement community. Only we, especially the law-abiding gun owning community can make a real difference.

    Reply

  • Howard

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    Sooooo, should the gun and ammo manufacturers yield to the State of New York and ALL of its’ sub-divisions, and NOT do business with any of them? Would that satisfy the likes of these politicians? Might be worth trying, just to see how it goes! :-)

    Reply

  • Know

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    Useful Idiot.. He’s got to say what the deep state wants him to say. Otherwise he wouldn’t get to the top.

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  • Lee

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    I agree with Hornady. Some people would say “why punish many people who have nothing to do with what was said, but that is what anti-second amendment idiots do the huge pool of legitimate gun owners. I have decided to do as little business with companies from NY, Kalifornya, Assachusets, and other states that are operated as anti-gun. I only do business there if there is no other choice. I urge the gun industry businesses located in those states to leave for more gun friendly states. More than a few have done so and all should. Take your employees with you as best as possible and make as big a dent in the state’s tax base as possible. I will not do business with anti-gun companies. When I need a cooler it will not be a sh@#yeti.

    Reply

  • Jimbo

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    I’m an upstate New York resident, a caregiver for an elderly parent who insists on staying here. Were it not for this, I’d be out of here in a heartbeat. This is the same governor who just gave violent felons the right to vote. In 2014 he gave us that 80 page run- on sentence and abomination called the “Safe Act” which bans “dangerous knives” and “assault weapons” encluding collectibles like the M1 Garand. The act bans internet and mail ammo, and prohibits childless and spouseless gun owners like me from willing my gun collection to brothers on my death. Cuomo said, “Everyone is welcome in New York except Tea Party members, 2nd Amendment supporters, and pro-lifers. So nothing Mr. Cuomo says surprises me. He’s a certified bully.

    Reply

  • J.D.

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    In a word for the Anti 2A crowd, BULLIES! They can’t get gun control in the political arena so they resort to using intimidation tactics in an effort to try and make day to day operations of the firearms and accessory makers as difficult as possible for them. I will not knowingly or willingly do any business with any insurer or financial institution that will give in to the Bullies request, I will gladly take my business to those that will stand beside companies that stand and support my right to keep and bare arms if I so choose.

    Reply

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