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The American Federation of Teachers Threatens Wells Fargo Over The NRA

Will this presidential election be the most important in American history?

The American Federation of Teachers is threatening Wells Fargo over the bank’s business ties to gun manufacturers and the NRA.

An earlier news story reported Wells Fargo’s business relationships with the NRA and gun makers.

The Washington Times reports:

The American Federation of Teachers has threatened to pull its business from Wells Fargo unless it severs ties with the National Rifle Association and gun manufacturers, but so far the bank is resisting.

“We’re issuing Wells Fargo an ultimatum,” said AFT President Randi Weingarten said in a Saturday statement. “They can have a mortgage market that includes America’s teachers, or they can continue to do business with the NRA and gun manufacturers. They can’t do both.”

Read the American Federation of Teachers press release HERE. reports Wells Fargo rejected the union’s demand.

In response, Wells Fargo’s chief executive officer, Tim Sloan, said that the correct way to address these issues would be through political and legislative procedure. Also, he reiterated the bank’s efforts in assisting about 1600 AFT families with home financing in 2017.

The American Federation of Teachers has a mortgage program with the bank.

Pressuring banks not to do business with the NRA and gun manufacturers is a classic left-wing strategy.

Radical environmental activist groups also pressured banks not to conduct business with coal mining companies.

Wells Fargo must continue to reject the union’s effort to interfere with its business practices.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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