Second Amendment

Wells Fargo Resists the Resistance on Guns

The Left introduces "Chokepoint II" — banks work to cut relations with gun sellers.

Harold Hutchison · Apr. 23, 2018

You may have heard about how Citibank and Bank of America have decided to enact their own form of gun control. To wit: Even though certain semiautomatic rifles and magazines are legal, Bank of America will close the account of any merchant who tries to sell them. Furthermore, any Federal Firearms License (FFL) holder who sells long guns to young adults aged 18-20 (who may legally purchase them) is also out of luck with those banks.

Wells Fargo took a brave stand against such efforts. So, naturally, the American Federation of Teachers has decided to boycott Wells Fargo. Of course, we all know how the FBI failed to pass on actionable tips that the Parkland school killer. Or how the bumbling Broward County Sheriff’s Office didn’t act despite numerous calls involving the shooter. Never mind the school resource officer who showed an unconscionable yellow streak. The teachers union is covering for all that incompetence and instead scapegoating the law-abiding Americans exercising their Second Amendment rights.

This is part of a pattern that is going to force the Right to do some serious re-thinking. We may very well win court victories affirming the right to own semiautomatic rifles like the AR-15 in the next decade. But if the Left convinces banks to close the accounts of anyone who makes or sells the AR-15 to law-abiding citizens, then we have a problem. In essence, we will have the legal right to buy an AR-15, but banks will shut down sales. It won’t stop there — the Left will push credit card companies to act as well. In essence, buying any gun the Left wants banned could become a cash-only business.

The Left is trying to gain in the corporate boardrooms what it cannot get through legislation or the courts. This was done before, albeit back then, they used the power of the federal government with Operation Chokepoint — one of Barack Obama’s “pen and phone” attacks on our rights. Operation Chokepoint failed between a combination of the sunlight of a free press and action by lawmakers.

Chokepoint II, the sequel, though, is going to be much harder to fight. Part of it will have to be with a carrot and stick approach to companies. Despite Wells Fargo’s other misdeeds, it is taking the right stand on the Second Amendment, and it should be supported in that — with our dollars if possible. The second extraordinary measure may be to pass legislation that prohibits banks and financial institutions from engaging in discrimination against entities for either the sale of a legal product or for exercising their constitutional rights.

The threat to our rights is extraordinary. If the Left can get banks to cut off FFLs who don’t meet certain conditions, other rights will fall. Imagine if the Supreme Court sides with free speech in the Masterpiece Cakeshop and NIFLA cases — and the Left then pressures banks to close accounts of businesses or crisis pregnancy centers. Do you think they will stop there, or will they reinforce those successes? The time to act is now.

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