https://nypost.com/2018/08/03/...e-verge-of-collapse/

NRA says it’s broke and on the verge of collapse
By Bob Fredericks August 3, 2018 | 2:02pm

The deep-pocketed NRA claims it’s going broke and may soon “be unable to exist” — and blames Gov. Andrew Cuomo for its purported poverty, according to a recent court document that’s part of its lawsuit against the state.

The pro-gun lobby — which gave a record $21 million to Donald Trump’s 2016 presidential campaign — said it’s headed to the poorhouse because a state agency told insurers to cut ties with the association and slapped a $7 million fine on NRA insurance broker Lockton Cos.

The group had filed a federal lawsuit against Cuomo and the state in May, claiming New York launched an unfair “blacklisting campaign” against the association.

In the new court filing in late July, the NRA complained it couldn’t obtain financial services crucial to its operations and faced “irrecoverable loss and irreparable harm” after losing insurance coverage.

“Insurance coverage is necessary for the NRA to continue its existence,” according to the new document, which was first reported by the New York Law Journal.

Without liability insurance, the “NRA cannot maintain its physical premises, convene off-site meetings and events, operate educational programs … or hold rallies, conventions and assemblies,” the filing said.

NRA-TV may also be on the chopping block, the Oliver North-led association complained.

“The NRA’s inability to obtain insurance in connection with media liability raises risks that are especially acute; if insurers remain afraid to transact with the NRA, there is a substantial risk that NRATV will be forced to cease operating,” the new filing said.

In the initial suit filed in May, the NRA claimed that Cuomo and state Department of Financial Services Superintendent Maria Vullo conspired to pressure financial institutions and insurers to cut ties with the group.

The state argued in a motion filed in early July that the insurers they targeted were selling coverage that violated state law, according to the Law Journal’s report.

The insurance, called Carry Guard, provided coverage for any criminal defense bills and protection from civil suits an individual could face after using a gun in self-defense.

The state argued that the coverage was illegal because “New York state law prohibits insurance coverage to defense costs arising out of a crime.”

Dallas-based William Brewer III, lead lawyer for the NRA, told the Journal that the group was “suffering setbacks” because of the state’s actions.

“The amended complaint raises concerns about the material impacts to the NRA as a result of the actions of Governor Cuomo and DFS,” Brewer said in a statement about the new filing.

“Our client is suffering setbacks with respect to the availability of insurance and banking services — as a result of a political and discriminatory campaign meant to coerce financial institutions to refrain from doing business with the NRA. The actions of defendants are a blatant attack on the First Amendment rights of our organization,” he continued.

Cuomo mocked the civil complaint when it was first filed.

“In New York, we won’t be intimidated by frivolous court actions from a group of lobbyists bent on chipping away at common-sense gun safety laws that many responsible gun owners actually support,” he said.

A rep for Cuomo did not immediately respond to a request for comment on the new court filing.

Reporting in the Leftest dream sheets.

Probably some crafty "re-wording" of a nothing burger story.

But, since the greatest source of revenue for the NRA was from lead smelting, and their last plant closed down...

With any luck Jackie Moon can sweep in and take that cess pool over. He would never kneel for the anthem.

quote:

NRA Broke? Don't know if I believe this.

Because you shouldn't, that's just some word-smithing the paper used based on trial documents the NRA filed when they sued NY.

quote:

The insurance, called Carry Guard, provided coverage for any criminal defense bills and protection from civil suits an individual could face after using a gun in self-defense .
The state argued that the coverage was illegal because “New York state law prohibits insurance coverage to defense costs arising out of a crime .”

See that's the problem the left thinks defending yourself is a crime not a right.

PS ... don't believe a word about the NRA going broke.

When doing a search for "NRA going broke", aside from the NYPost and MotherJones, it's dozens of links to "NRA Broke fundraising records".
But just in case, I should call and use my Anti-NRA First National Bank card to renew my membership.

Charlie Sheen says he is broke too.

I think I just saw a pig fly over the house.

You mean broke like "UN broke"????

Well...

If they are going bankrupt, there are a few guns in their museum that I would like to buy.

OK. Jokes aside, I just upgraded my membership.

Hilary said they were broke when they left the White House too. Didn’t seem to slow the ole’ bat down.

So I am really fucking confused after reading the whole thing.

It is like one cobbled together Alex Jones conspiracy theory after another...

quote:

Originally posted by jljones:
So I am really fucking confused after reading the whole thing.

It is like one cobbled together Alex Jones conspiracy theory after another...

Hostile takeover. This explains it.

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WHOA!! At first glance I thought that was Bob Ross!!!

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Originally posted by grumpy1:
Charlie Sheen says he is broke too.

As did POSHitlary.

quote:

Originally posted by erj_pilot:
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WHOA!! At first glance I thought that was Bob Ross!!!

Bob Ross would have had a squirrel in his bush

As Abe Lincoln said "What you read in the newspaper or the Internet should be assumed to be dead wrong."