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

Hornady Ammunition logo

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)

  1. ALL of the ammunition manufacturers should STOP selling ammunition to New York state government agency’s.

    1. That’s it Stephen!!! They took a shot at one, they ALL should respond with an immediate refusal to do business with NewYorks state agencies. I think the “empire” state is caught up in their nickname. NY and Cali. what a waste of perfectly good land.

  2. I’ll find another bank, if Chase pulls a stunt like that. I wonder which banks aren’t turning belly up to that threat

  3. What a complete load of liberal crap. Hornady’s answer was bordering on perfection. I was born in New York, but personally could care less about the state. Its just another attempt of a has been seeking press and trying to be relevant. I really think its about time for a PRO-GUN rally. I mean really. Lets put half a million or better proud American gun owners on the streets of Washington. It would dwarf any other rally in history.
    Lets not forget that the right to protect oneself and our families and property, is a GOD GIVEN RIGHT. The second amendment only guarantees it.
    I myself would have no problem marching to protect that right. I fought for the flag before, I’d gladly do it again.
    I’m just so very tired of the whining little liberals, thinking that have a snowflakes chance in hell of causing any damage to our rights or the gun and ammo industry. David beat goliath with a lucky shot. I dont see them being that lucky my friends. What say you all???

    As always
    Carry on

  4. With soapbox and ballot box cearly not working, I’m surprised media isn’t seeing bullet box actions against these fascists yet.

  5. Cuomo is one has been hack trying to get back into the limelight with outrageous and socialistic comments.

    I say intelligent folks and companies will ignore this raving lunatic.

  6. Reminds me of ‘operation choke point’ that was enacted by the Obama DOJ and stopped last year. The basic problem is that the premise for trying to force this upon manufacturers is flawed. The incidence of violent crime has been on the decrease for decades even though gun ownership has increased. No correlation of gun control vs. violent crime has ever been established in any study. The only thing that has increased is the media coverage using fear and ignorance to drive their agenda.

  7. Just another bullsht fascist overstep by the “Progressive” Left… and as usual it skirts the Constitution just close enough to make their intent clear but not so close as to actually infringe on those rights afforded under 2A.. There is nothing unlawful about what Cuomo is doing but if those Institutions affected cannot allow this bullying to inhibit their lawful business practices.. New York and California may well be too far gone to ever recover but we can make a difference by contacting and even avoiding doing business with any company that bows to these Hitlerian tactics or does business with the State of New York.. There are way more of us than there are of them…

    1. Absolutely Mr. Steven King. A dose of their own medicine may sour the flavor to them a bit.

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