Citibank Refuses to Issue Credit to Gun Parts Makers
Recently Charles Lake, President of Warne Scope Mounts, applied for a business line of credit at Home Depot. The application was initially approved, but a day later the credit line was rescinded based on Warne’s industry sector. Lake was expressly told that credit was denied because Warne “make[s] parts for the gun industry.”
Home Depot credit lines are managed by Citibank, so the decision to black-ball Warne Scope Mounts was based on Citibank policies. Rich Grassi, editor of the Tactical Wire, contacted Citibank to find out why Warne’s credit application was denied. Grassi received this reply from Citibank’s Elizabeth Fogarty (Public Affairs):
“Citi does not prohibit the financing of firearms purchases by individuals nor the financing of businesses that manufacture and sell them to individuals for recreational use. However, we do prohibit financing merchants in the non-ancillary military equipment industry, including the financing of businesses that manufacture and or sell firearms for military use.” In response to Grassi’s request for clarification, Citibank replied: “The policy prohibits financing businesses that manufacture and/or sell firearms for military use.”
Grassi Will Provide Updates on Gun Talk Radio Show
To learn more about this situation, read the “Politics of Credit” story on The Shooting Wire. This weekend, Rich Grassi will appear on Tom Gresham’s Gun Talk radio show to provide the latest updates on the Citibank vs. Warne controversy.
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I’m stunned to think that a company that accepts bail-out money from the U.S. gov’t will then not finance small companies which make parts for our own military. How can we tolerate this?
What a bunch of BS. I just sold all my stock in Citigroup after reading this story.
Looks like it’s time to cancel any credit cards that are associated with Citibank.
Picking favorites is not a great idea. Home Depot is a stock company, I wonder what the other stock holders think. This is not the only story about Home Depot picking favorites. Google it.
Just curious who would have dealt with companies like HomeDepot and Citi to start with. Both are viciously anti-gun, both supported Obama and multiple local Socialists for office. What did anyone think the outcome of that would be.
Citi provides Government Travel cards for our military members but are against guns?
WTF?
Hopefully, there aren’t any sons, daughters, husbands, wives etc. in the military who have relatives working for Home Despot, excuse me, Home Depot and/or Citi Bank. They just might be needing the accessories Warne manufactures.
Again this is another case of making sure we watch our spending habits. Where do I find a credible list on companies that are anti-gun\hunting? I would gladly sign up for monthly email updates that bring these companies to my attention so I can make sure I spend with their competition.
We are having trouble with Citi too. They are making us pay for a charge that we did not authorize. We are about ready to cancel our cards after 15 years, and now that I find out they are anti-gun.
DEAN:
If you know of a list that exists, please post it .
I TOO WILL SUPPORT THEIER COMPETION..
P. ANGE, USN RETIRED & DAMNED PROUD OF IT!!