Current Events > NRA is in deep financial trouble and may be unable to exist.

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Tmaster148
08/03/18 6:28:18 PM
#1:


https://www.rollingstone.com/politics/politics-news/nra-financial-trouble-706371/

Important parts:

The lawsuit stems from actions taken by New York financial regulators to halt the sale of an illegal, NRA-branded insurance policy. The NRA actively marketed Carry Guard, a policy to reimburse members for legal costs incurred after firing a legal gun. In May, the state of New York found that Carry Guard unlawfully provided liability insurance to gun owners for certain acts of intentional wrongdoing. The NRAs insurance partners agreed to stop selling the policies and pay a $7 million fine.'

The NRA complaint alleges that New York was not content to block this single insurance product, but instead campaigned to sever the NRAs ties to a wide range of financial service providers, from insurance companies to banks.

The NRA did not respond to a request for more detail about its financial distress, but its most recent financial disclosure also shows it overspent by nearly $46 million in 2016.

The lawsuit decries pressure from state regulators in the wake of the Parkland, Florida massacre including a letter asking financial institutions to heed the voices of the passionate, courageous, and articulate young people who have experienced this recent horror first hand and from the governor himself. In April, Cuomo tweeted: I urge companies in New York State to revisit any ties they have to the NRA and consider their reputations, and responsibility to the public.

In its complaint, the NRA paints these actions as a malicious conspiracy to stifle the NRAs speech and induce a boycott of the NRA. Cuomo and state regulators, the NRA alleges, were intent on suppressing the NRAs pro-Second Amendment viewpoint and had engaged in unlawful conduct with the intent to obstruct, chill, deter, and retaliate against the NRAs core political speech.

In the filing, the NRA reveals that its longtime insurer broke off negotiations this winter and stated that it was unwilling to renew coverage at any price. [Emphasis in original.] The NRA claims it has encountered serious difficulties obtaining corporate insurance coverage to replace coverage withdrawn. In addition, the NRA contends that multiple banks have now balked at doing business with it based on concerns that any involvement with the NRA even providing the organization with basic depository services would expose them to regulatory reprisals.


Basically companies don't want to do business with the NRA, because of the risk it will have to those businesses bottom lines.
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Irony
08/03/18 6:29:27 PM
#2:


Good good
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BWLurker
08/03/18 6:29:52 PM
#3:


Tmaster148 posted...
Basically companies don't want to do business with the NRA, because of the risk it will have to those businesses bottom lines.

Always great when the free market bites those people in the ass
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#4
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pres_madagascar
08/03/18 6:30:50 PM
#5:


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WilliamPorygon
08/03/18 6:31:37 PM
#6:


I'm not a religious person, but Thank ****ing God.
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spudger
08/03/18 6:31:44 PM
#7:


womp womp
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#8
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Tmaster148
08/03/18 6:32:55 PM
#9:


fenderbender321 posted...
Damn now i cant buy guns anymore.


it's probably for the best if you didn't.
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Dash_Harber
08/03/18 6:33:51 PM
#10:


Good. Regardless of your stance on guns, the only people they benefit are there executives. They troll victims and hurt their cause more than anything just like those open carry assholes. The whole organization is an insidious, egocentric, self serving, funding scheme.
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Raptornado
08/03/18 6:34:15 PM
#11:


Why do you think they've been taking so much money from Mother Russia?
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P4wn4g3
08/03/18 6:35:48 PM
#12:


spudger posted...
womp womp

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Tmaster148
08/03/18 6:36:34 PM
#13:


P4wn4g3 posted...
spudger posted...
womp womp


If you're going to do this, you might as well do it correctly.

@Womp_Womp
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thronedfire2
08/03/18 6:37:35 PM
#14:


Didnt insurance companies and banks start bailing on the NRA after the Vegas shooting and all the stupid shit the NRA pulled after that?
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EliteLevel
08/03/18 6:38:14 PM
#15:


Tax payer bailout.
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Tmaster148
08/03/18 6:39:34 PM
#16:


thronedfire2 posted...
Didnt insurance companies and banks start bailing on the NRA after the Vegas shooting and all the stupid shit the NRA pulled after that?


I think so. The article is referring to banks and insurance companies refusing to do business leading to the lawsuit the NRA is putting against NY.
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KiwiTerraRizing
08/03/18 6:40:54 PM
#17:


spudger posted...
womp womp

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Vyrulisse
08/03/18 6:43:44 PM
#18:


Good. They've long abandoned their original purpose for existing.
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Tropicalwood
08/03/18 6:46:19 PM
#19:


Vyrulisse posted...
Good. They've long abandoned their original purpose for existing.

They've always pushed for gun control.
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Smashingpmkns
08/03/18 6:46:55 PM
#20:


You can watch 20 minutes of NRATV and see why these people shouldn't have as much power as they do.
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#21
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EliteLevel
08/03/18 6:50:07 PM
#22:


Tropicalwood posted...
Vyrulisse posted...
Good. They've long abandoned their original purpose for existing.

They've always pushed for gun control.


Exactly. Theyre not doing enough to spread guns into the hands of every over 18 year old in the US.
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ScazarMeltex
08/03/18 6:51:00 PM
#23:


Good. I'm, perfectly ok with this. I'd also be perfectly ok with a new organization taking it's place that actually operates with the good of gun owners, rather than gun manufacturers, in mind.
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BWLurker
08/03/18 6:51:10 PM
#24:


EliteLevel posted...
Tropicalwood posted...
Vyrulisse posted...
Good. They've long abandoned their original purpose for existing.

They've always pushed for gun control.


Exactly. Theyre not doing enough to spread guns into the hands of every over 18 year old in the US.

Actually if you watched SBCs show, they'd prefer every over 5 year old. Kinderguardians!
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#25
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Rad_Chad
08/03/18 6:54:45 PM
#26:


...and their small penises shrunk 4 sizes that day...
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Kazi1212
08/03/18 6:55:48 PM
#27:


Wtf we love free markets now
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P4wn4g3
08/03/18 6:57:30 PM
#28:


Kazi1212 posted...
Wtf we love free markets now

Freedom isn't free.
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Tropicalwood
08/03/18 6:59:45 PM
#29:


ScazarMeltex posted...
Good. I'm, perfectly ok with this. I'd also be perfectly ok with a new organization taking it's place that actually operates with the good of gun owners, rather than gun manufacturers, in mind.

Gun Owners of America: "The only no-compromise gun lobby in Washington." - Ron Paul
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Malcrasternus
08/03/18 7:00:21 PM
#30:


P4wn4g3 posted...
Kazi1212 posted...
Wtf we love free markets now

Freedom isn't free.


There's a hefty fucking fee.
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blablablax17
08/03/18 7:01:17 PM
#31:


Good.
They can finally stop lobbying and stay out of the damn government.
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Parappa09
08/03/18 7:01:23 PM
#32:


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Kaliesto
08/03/18 7:02:34 PM
#33:


Excellent.jpg
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silentwing26x
08/03/18 7:03:35 PM
#34:


Kazi1212 posted...
Wtf we love free markets now
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Tyranthraxus
08/03/18 7:05:02 PM
#35:


spudger posted...
womp womp

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ChainedRedone
08/03/18 7:05:11 PM
#36:


Kazi1212 posted...
Wtf we love free markets now


Triggered
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Dash_Harber
08/03/18 7:05:46 PM
#37:


P4wn4g3 posted...
Kazi1212 posted...
Wtf we love free markets now

Freedom isn't free.

Freedom is a buzzword when we live in a society where nearly every business is owned by a handful of oligarchical plutocrats.
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UnfairRepresent
08/03/18 7:16:36 PM
#38:


How many people does the NRA employ?

It's going to suck if they all lose their jobs :(

Dunno why anyone advocates that.
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Phantom_Nook
08/03/18 7:20:05 PM
#39:


They must be running out of Russia money.
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Dash_Harber
08/03/18 7:20:45 PM
#40:


UnfairRepresent posted...
How many people does the NRA employ?

It's going to suck if they all lose their jobs :(

Dunno why anyone advocates that.


That's really the best response? Keep the morally questionable organization going because you don't want anyone to lose their job? I have trouble believing you'd be saying the same thing if it was an organization whose politics you didn't agree with.
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Tmaster148
08/03/18 7:20:47 PM
#41:


UnfairRepresent posted...
How many people does the NRA employ?

It's going to suck if they all lose their jobs :(

Dunno why anyone advocates that.


People lose their jobs for all kinds of reasons. A business shouldn't be forced to stick around just to keep people employed.
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UnfairRepresent
08/03/18 7:22:39 PM
#42:


Tmaster148 posted...
UnfairRepresent posted...
How many people does the NRA employ?

It's going to suck if they all lose their jobs :(

Dunno why anyone advocates that.


People lose their jobs for all kinds of reasons. A business shouldn't be forced to stick around just to keep people employed.

I never said one should.

I said why would anyone want a businsess to fail and the employees to lose their jobs and not support their families?

It's a weird thing to fantasize about.

Like wishing people who eat Pizza Hut all had heart attacks and then going "SO YOU'RE SAYING PIZZA IS HEALTHLY!?" to anyone who questions you
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#43
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ChainedRedone
08/03/18 7:22:54 PM
#44:


Dash_Harber posted...
UnfairRepresent posted...
How many people does the NRA employ?

It's going to suck if they all lose their jobs :(

Dunno why anyone advocates that.


That's really the best response? Keep the morally questionable organization going because you don't want anyone to lose their job? I have trouble believing you'd be saying the same thing if it was an organization whose politics you didn't agree with.


It's fucking unfair. It's his gimmick.
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UnfairRepresent
08/03/18 7:24:11 PM
#45:


Dash_Harber posted...


That's really the best response? Keep the morally questionable organization going because you don't want anyone to lose their job? I have trouble believing you'd be saying the same thing if it was an organization whose politics you didn't agree with.

I don't own a gun, don't support the NRA and don't agree with several things I have heard them (or at least NRA members) say.

Doesn't mean I want them to lose their jobs. I want them to change their minds and work towards a better future.
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_BlueMonk
08/03/18 7:24:27 PM
#46:


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Dash_Harber
08/03/18 7:25:00 PM
#47:


UnfairRepresent posted...
I want them to change their minds and work towards a better future.


So you want them to become an organization that stands for the opposite politics than they do now?
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Tmaster148
08/03/18 7:27:05 PM
#48:


UnfairRepresent posted...
It's a weird thing to fantasize about.


Sounds like you are kink shaming.
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#49
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UnfairRepresent
08/03/18 7:30:45 PM
#50:


Dash_Harber posted...
UnfairRepresent posted...
I want them to change their minds and work towards a better future.


So you want them to become an organization that stands for the opposite politics than they do now?

I don't agree that supporting Gun Owners is automatically akin to being opposed to a bright future.

Some of the best people I know own guns.

I know some petite girls who conceal carry and I can't think of a strong reason why that's a bad thing. It's pretty much rape insurance.

I'm not all that familar with the ins and outs of the NRA but I don't see why they couldn't work towards a bright future. They can promote gun safety, help gun control pass legislation, help hinder gangs and gang recruitment.

I don't get why you'd want to fantaize about that not happening and instead them all losing jobs and turning to prositution to pay the bills
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