I had an eighth-grade teacher who posed the following question to the class: “Why do Insurance Companies exist?”
He got the usual litany of noble answers, to aid the customers in case of a disaster, help widows and orphans, etc. Everything but the obvious: to make money, to meet its obligations, pay the overhead and return a profit. An insurance company that doesn’t do that, won’t long remain in business.
If a company is able to pay a wage in excess of industry standards, fund charitable endeavors, pay scholarships and endow universities those efforts are all secondary.
The CEO at CITI announced a firearms policy and in doing so overstepped his bounds. He and his board supporters should all be fired. This policy does not dictate what Citi employees can and cannot do on company property. Instead, it attempts to regulate a marketplace where they have no authority moral or otherwise.to This effort that CITI announced is not within their realm. To our shame, we cannot deny that the people voted for the current crop of Congress Critters. Nobody voted for Citibank.
“Today, our CEO announced Citi is instituting a new U.S. Commercial Firearms Policy. It is not centered on an ideological mission to rid the world of firearms. That is not what we seek. There are millions of Americans who use firearms for recreational and other legitimate purposes, and we respect their Constitutional right to do so,” explains the company’s blog. “But we want to do our part as a company to prevent firearms from getting into the wrong hands. So our new policy centers around current firearms sales best practices that will guide those we do business with as a firm.” https://legalinsurrection.com/2018/03/citibank-explains-their-plan-to-curtail-second-amendment-rights
With this announcement, CITI joins the East India Company and United Fruit among others as being a law unto itself. The announcement says that CITI respects your Constitutional Right in the same sentence that they unilaterally have decided to void those rights.
For fifteen years I did my best to purchase contraband using whatever medium was acceptable. I traded hay for methamphetamine, cash was never refused, counterfeit cash was okay (provided it was good quality and at a discount), stolen property worked. In the context of stolen property, a pocketful of stolen credit cards offered for trade would work. The other side of the coin is that checks were no good. I take that back I found three crooks that took a check for dope (out of hundreds interviewed). It turns out two of the guys worked for the third so they didn’t make an independent decision. I never found anybody who took a credit card. So Citibank’s valiant stand is nothing more than smoke and mirrors for the fuckin idiots out there susceptible to big talk and no action.
If CITI was serious about addressing crime, where they could have a major impact they would announce a cooperative effort to track and report sex traffickers, child sexual predators, and child pornographers all part of a billion-dollar credit card centered business. Crickets.
If you have a CITI Bank Card or Bank at CITI now is the time to find a new vendor. I am not a fan of boycotts but the time may be right for such an action. Do it not to support the NRA but because CITI thinks their customers are idiots.