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John Byrne
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Grumpy Old Guy

Joined: 11 May 2005
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Posted: 25 June 2018 at 4:53am | IP Logged | 1 post reply

From Snopes this morning, this paragraph is particularly telling (empasis added):

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“If a few banks say ‘No, we’re not going to give loans to gun dealers or gun manufacturers’, all of a sudden the industry is threatened and the Second Amendment doesn’t mean much if there are no guns around,” said Michael Hammond, legal counsel for Gun Owners of America. “If you can’t make guns, if you can’t sell guns, the Second Amendment doesn’t mean much.”

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How on earth can this possibly effect existing guns? If every gun manufacturer was shut down, there would still be millions of guns in private hands. The shooter at Sandy Hook, as one example, didn't have to buy new guns for his rampage. He stole them from his mother -- and killed her in the process.

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John OConnor
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Posted: 25 June 2018 at 4:55am | IP Logged | 2 post reply

Parts for repairs, for one thing. 
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John Byrne
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Posted: 25 June 2018 at 5:07am | IP Logged | 3 post reply

For more than a century, guns have been made with easily interchangeable parts. With, as noted, millions of extant guns in this country, repairs would not be a problem, and harvesting parts would take a long, long time to have a serious impact on the number of existing guns.
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Michael Penn
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Posted: 25 June 2018 at 5:43am | IP Logged | 4 post reply

This is a pipe dream. The NRA actually has its own branded VISA card.

As JB notes, America has an incredible amount of guns in private hands:  without hyperbole, hundreds of millions of guns out there.

What would, ultimately, stop firearms manufacturers from securing loans in the global banking market?  
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Bob Simko
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Posted: 25 June 2018 at 6:44am | IP Logged | 5 post reply

Go after the ammo
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Andrew Bitner
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Posted: 25 June 2018 at 7:46am | IP Logged | 6 post reply

It's all nonsense. Sure, they might choke off sales of new guns, but as noted, that won't affect the millions already out there. This guy is just sounding the alarm about the threat to future sales.

If the banks DID go after the gun trade, it would make for a very interesting situation. The only group with probably more impact would be the insurance industry-- imagine if they refused to insure gun owners?
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Richard Stevens
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Posted: 25 June 2018 at 7:47am | IP Logged | 7 post reply

Agree with Bob. Make ammo harder to get. In an ideal world, make it much more expensive and require additives to give it a shorter shelf life.
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John Byrne
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Posted: 25 June 2018 at 8:12am | IP Logged | 8 post reply

Not sure the ammo approach would work. Law enforcement and the military would still need a constant supply of fresh ammo, and if that had to be manufactured separately there would almost certainly be a black market.
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John OConnor
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Posted: 25 June 2018 at 9:09am | IP Logged | 9 post reply

Gun parts are akin to car parts; close, but dissimilar enough to  be problematic when swapping in and out. 
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John Byrne
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Posted: 25 June 2018 at 10:36am | IP Logged | 10 post reply

Source?
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John OConnor
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Posted: 25 June 2018 at 12:08pm | IP Logged | 11 post reply

personal knowledge and experiences? 
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Brandon Frye
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Posted: 25 June 2018 at 12:13pm | IP Logged | 12 post reply

How often would gun dealers and manufacturers even need loans from banks?

I don't know a great deal about the firearms industry, but it seems to be a rather lucrative one.


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