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. It is very sad that the guns and ammunition made this country and provide the security to keep the world at bay. But made all these Governor’s,Senator’s,Congressional people all rich and now they turn on us We the People and the Constitution. I am a big supporter of Hornaday I am keeping the oldest tradition of reloading alive it built this Country. So as far and as long as I can find there ammo I will still teach the 7 grandchildren I have to buy and shoot Hornaday ammo. Now lets vote these people out of office. John

  2. If all gun and ammo companies stopped doing business with NYC and anyone acting as their agents their 30, 000 cops would be out of ammo soon. So boycott NYC.

  3. Cuomo is a louse, a stinking low life. As a gov. he told gun owners, and hunters to leave his state. So I did, now he owes me personally for my ÔÇ£lifetime sportsman licenseÔÇØ, since its become unusable. They wont reemberss any unusable portion. What do you expect from a jerk who taunts US citizens, with an admission that he is undocumented, an illegal alien, and a TOTAL disregard for the US Constitution, like Jerry Brown.
    He s#*ked and was useless as the NYSAG. His SAFE, passed at 2:30am without legislation. This guy is lower than the cockaroaches he represents. Look at an election map, he only won in college towns, and he caters to the city. Where he bussed up busloads of undocumenteds to vote for him in the city, at taxpayers expense.

  4. Wouldn’t it be interesting if gun repair shops and manufactures refused to fix and repair New York weapons

  5. Every single gun and ammo manufacturer and supplier should cut ties with the state of New York, especially sales to their law enforcement. Leave them high and dry. Then see what their stance is after a few months.

  6. Let’s not forget commissar andy actually thinks ny’s SAFE act really refuces crime. Kudos to hornady. any financial institutions–or any other firearms related business–with a pair big enough to stop doing business with ny state? Anyone know why one institution paid $7 million in penalties because they were offering insurance in case of a ccw defensive shooting? Cuomo’s one reason my wife & I decided enough was enough and moved to florida last fall. If andy can run for governor again remember this the next election cycle–idiots shouldn’t be in charge!

    1. They know damned well it won’t reduce crime. What they do know is, their lies keeps the gullible population afraid. That interprets into control by our new Mafia. AKA Democrats.

  7. I guess the rarefied air breathed by mayors of New York City has some weird effect on their thinking processes. Cuomo isn’t the first ex-mayor to display mental aberrations, delusions of grandeur, and other megalomania symptoms.

  8. “previous” governor? no news I saw or heard today said he was gone … hoping somebody here can share a link to a definitive story or photos showing he is out of office? or, preferably, deceased ?!

  9. They should be ashamed. But we are talking about a politician, the infamous Andrew Cuomo. Shame implies that one has morality in the first place. This man couldn’t care less if banks and insurance companies do business with 2A companies. If there were a way to take something off the top he would broker the deals himself. Gov. Cuomo is simply pandering to his constituency for votes to lock in the next election so he can remain in office. Does anyone actually believe otherwise?

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