Texas AG to halt most of Citigroup's municipal offerings on gun law row

[Yo_Mama_Been_Loggin]

(Reuters) -Citigroup Inc has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision that "has the effect" of Texas halting Citi's ability to underwrite most municipal bond offerings in the state.

Republicans have been ramping up pressure on the finance industry over environmental, social and governance (ESG) investment practices. Texas enacted a law in 2021 prohibiting government contracts with entities that discriminated against the firearms industry.

"It has been determined that Citigroup has a policy that discriminates against a firearm entity or firearm trade association", the assistant attorney general chief of the public finance division of Texas AG wrote on Wednesday in the letter seen by Reuters.

"Citi's designation as an SB-19 discriminator has the effect of halting its ability to underwrite most municipal bond offerings in Texas," Paxton's office told Reuters, referring to the law.

https://www.yahoo.com/news/texas-ag-halt-most-citis-054842699.html

Stop picking on the poor guns!!!!! - Ken Paxton

[SWBTATTReg]

1. Why isn't paxton facing charges for his alleged securities fraud?

Why was Ken Paxton charged?
Specifically, these charges are for securities fraud related to investors Paxton recruited for a tech company back in 2011, when he was a member of the Texas House of Representatives. The New York Times summarizes the charges he

[sinkingfeeling]

2. Wouldn't it be funny if all big financial companies stopped underwriting municipal bonds

in Texas? Let the fascists put up the money.