New York Times wants banks and credit card companies to monitor and ban gun purchases

Although there are rules preventing banks and credit-card companies from seeing what customers are buying, if the New York Times has its way, those financial companies would begin to do just that. Not only would they see what we purchase, but the NYT would also have them monitor and ban our gun purchases.

Writing for the New York Times on Dec. 24, 2018, financial columnist Andrew Ross Sorkin justifies himself by asserting that “credit cards have become a crucial part of the planning” of mass shooting in the past decade in that “many of the killers . . . built their stockpiles of high-powered weapons with the convenience of credit”. Not only did “the killers financed their attacks using credit cards. Some used credit to acquire firearms they could not otherwise have afforded.”

Although “some banks ended their relationships with gunmakers and some investors pushed manufacturers for more transparency” after the February 2018 shooting at Marjory Stoneman Douglas High School in Parkland, FL, “financial firms have so far resisted changing the way they deal with the sale of guns. Banks and credit-card networks say it is not their responsibility to create systems to track gun purchases that would allow them to report suspicious patterns.”

Sorkin then highlights two credit card companies that are resisting his call to monitor and ban gun purchases:

  • Visa spokeswoman Amanda Pires said: “We do not believe Visa should be in the position of setting restrictions on the sale of lawful goods or services. Our role in commerce is to efficiently process, protect and settle all legal payments. Asking Visa or other payment networks to arbitrate what legal goods can be purchased sets a dangerous precedent.”
  • A spokesman for Mastercard echoed Pires and emphasized that Mastercard protects “cardholders’ independence” and the “privacy of their own purchasing decisions.”

To counter Visa’s and Mastercard’s refusal to monitor and ban gun purchases, Sorkin equates gun violence with terrorism, quoting John Streur, CEO of mutual fund firm Calvert Investments: “In a very real sense, I think these mass shootings are terrorism.” Sorkin writes:

[A]fter the Sept. 11 terror attacks, the government enacted even stricter rules under the Patriot Act: Banks must file so-called Suspicious Activity Reports for transactions involving more than $5,000 that the financial institution “has reason to suspect” are part of a plan to “violate or evade any federal law.”

Sorkin then instructs banks and credit card companies to use a feature called “boxcar” that “allows retailers to tag transactions with extra data” such as the device used to make a purchase and the location of the buyer.”

Sorkin proposes that “If banks required retailers to transmit details on sales of guns and ammunition, they would be able to make more informed decisions about transactions.” All banks need do is to choose “to use the systems they already have in place . . . to monitor such customers” and prevent them “from buying multiple guns in a short period of time.”

Already, pro-gun controllers have succeeded in getting some businesses to restrict our Second Amendment rights:

  • Walmart and Dick’s Sporting Goods announced they would not sell firearms to anyone under 21.
  • Citibank and Bank of America said they would no longer finance or advise gun manufacturers.
  • Investment firms like BlackRock and pension funds like Calpers, the retirement fund for public employees in California, said they would demand more information from the gunmakers they invested in.
  • Several payment systems — including PayPal, Square and Apple Pay — already had established rules that ban the sale of guns and gun-related items using their systems.

See also “List of anti-NRA businesses“; “Bank of America to stop lending to some makers of ‘military’ firearms“; and “Levi’s Jeans joins the anti-gun Left

But no bank thus far has instituted a ban or committed to tracking gun purchases because in October, Senator John Kennedy (R-Louisiana) introduced the No Red and Blue Banks Act, which wouldprohibit the federal government from giving contracts to banks that discriminate against lawful businesses based solely on social policy considerations” such as gun control.

Sorkin also decries the American Civil Liberties Union for expressing concern that efforts to prevent mass shootings could infringe on individual rights.

Sorkin’s solution to banks and credit card companies refusing to monitor and ban gun purchases is government. Just as the legislators in 29 states ban consumers from using credit cards to buy lottery tickets (so that they won’t rack up debt gambling), so too can legislators ban Americans from using credit cards to buy guns.

H/t Breitbart

See also “New York Times calls for war against President Trump using mafia Godfather tactics” and:

~Eowyn

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youknowwhoDr. EowynJackie PuppetLophattEdddie Recent comment authors
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Anonymous
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Anonymous

In case anyone wondered why all those trendy “Business though leaders” pushed corporations’ CEOs and boards to be “modern, progressive” companies…

Maryaha
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Maryaha

Dorky Sorkin can drop dead. “Shall not be infringed” is still in our country’s Bill of Rights, so shove it!

Steven Broiles
Member

This little commie worm Sorkin does not care about good vs. evil; He merely wants to run the show. This is important: The control freaks who got Alex Jones and others kicked off of social media platforms also went after banks and credit card companies to go after their other commercial activities, also, to economically choke them out of existence. They have a word for this. It’s called RACKETEERING, and it is a crime. We have to pay attention to this and keep the exposure coming, and for this reason: There really is a Bolshevik factor going on here. There… Read more »

DCG
Editor

Bast@rds will stop at nothing to strip law-abiding citizens of their rights.

Whoopie
Guest
Whoopie

When I make a purchase the credit card company has no idea what I bought. I’ve never seen what was purchased on my Visa statement. It simply lists the name of the store and amount charged.

Alma
Member
Alma

Moving right along, I got a name for that: C O M M U N I S M.

Hellpig
Guest
Hellpig

Time to microchip ALL Progressive Communist Media the biggest threat to the Republic…

Auntie Lulu
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Auntie Lulu

Are these folks actually not aware of the fact that people with bad intentions can just take a money draw on their card, or in some way come up with cash, and go into a gun retailer and make their purchase? Why should retail businesses such as banks that provide credit cards be enlisted to spy on their customers? This is certainly a complete over reach on the part of politicians.

Dan
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Dan

I remember when Sorkin first appeared on CNBC. He was so incredibly untalented it was always as if the show died when he came on, while the other talking heads nervously fell all over themselves trying to prop him up. My take was he came from the same ‘agency’ as that other NY superstar, Carlos Danger, who Sorkin’s NYT and the other NY msm were seriously positioning as our “next Vice President,” until someone tipped Breitbart off with photos exposing some of Carlos’s shortcomings as a statesman. You want to know who rules over us? It’s a cabal so powerful… Read more »

Carmen
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Carmen

New York Times- FRUIT OFF. Keep your communist crabbing ideas to yourself or I will come after you armed to the teeth. Stay out of our lives and you get a life. Go play with yourself, get a hobby, grow up.

Grif
Editor

Dimwit Sorkin and his vacuous libtard ilk think they are smarter than anyone else. Such insouciance bespeaks minds so limited and inane that it is a wonder they have the intelligence to remember how to breathe. They are shallow, illogical and stupid. They fail to recognize they are not immune to suffering under the very restrictions of civil liberties that they so fervently and continuously propose. Well, if banks and credit card companies can spy on gun purchases, the door is open for them to spy on all purchases. Sorkin is so asinine that he no doubt pays his favorite… Read more »

Pilot Dave
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Pilot Dave

Dorky Sorkin is s paid Lefty LIAR – His first example, Parkland shooting – the kid ILLEGALLY had the guns. He broke at least 4 felony gun laws before he pulled the first trigger. NONE of this had anything to do with a credit card….

Criminals by definiton, do not obey laws. Dorky Sorkin can’t understand this self-evident fact.

Lophatt
Member
Lophatt

This is not now, nor has it ever been about crime. This is about disarming the citizenry and rendering them defenseless. They don’t care one whit whether what they say makes any sense. They are hoping to find something to attach a lot of emotion to, because when emotion rules logic gets lost. Nobody needs their permission. Nobody has to “prove” anything. Nobody sane who isn’t an NWO tool is asking for this. If they don’t want to buy a gun, fine, they can be victims. I will not give up my right to decide for myself.

Edddie
Guest
Edddie

Color me surprised — NOT. A Jew propagandizing against goyim owning guns. I guess it worked for them last century when they liquidated 66 million white Christians. History trying to repeat, but it’s not gonna happen. Karma is a bitch and she’s having a new litter of pissed off puppies.

Jackie Puppet
Member
Jackie Puppet

I wonder if he’s related to the Hollywood douchebag Aaron Sorkin – it would explain a lot.

youknowwho
Guest
youknowwho

‘new york times wants”????
how about I want the new york slimes to mind their own business and stop blackmailing/extorting other businesses. Sociatal manipulation by the media must not stand.