Wells Fargo Bucks Pressure, Grants New Loan to Gun Company Ruger

(From The Washington Free Beacon)

Wells Fargo issued a new $40 million line of credit to the gun company Sturm, Ruger & Co. last week bucking the trend of big banks taking adversarial stands toward the gun industry.

. . . The line of credit indicates Wells Fargo is not backing down from its assertion in a letter to an activist group demanding they break off business with gun companies that the bank does “not believe that the American public wants banks to decide which legal products consumers can and cannot buy.”

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