Conservative group takes aim at Wall Street in report claiming big banks have undercut firearms industry

Apr 22, 2024 | Political News

A conservative group is calling out the largest and most influential institutions on Wall Street for allegedly discriminating against the firearms industry and, in their view, working to “undermine America's constitutional right to keep and bear arms.” 

The American Accountability Foundation (AAF) in a new report highlights how some of the biggest names on Wall Street — including Goldman Sachs, Wells Fargo and Bank of America — have allegedly used their control over capital to undercut firearms manufacturers, retailers and organizations representing lawful gun owners.

“Over the last decade, significant media attention has been paid to the left’s obsession with using banks and asset managers to end fossil fuels. Unfortunately, very little attention has been given on the left’s use of certain banks to chip away at legal private ownership and use of firearms,” the AAF Research Team writes in a memo shared with FOX Business. 

“Unfortunately, law-abiding Americans who exercise their 2nd amendment rights have a proverbial bullseye on their backs placed there, in large part, by certain banks and their left-wing comrades who are wanting to undermine Americans' constitutional right to keep and bear arms,” AAF states.