Though a growing number of corporate titans are distancing themselves from firearms, Citi’s decision got under the skin of conservatives in Congress who are trying to fend off new gun control measures. It annoyed Republicans who have supported deregulatory measures that will help the bank, even after the government rescued it from near-collapse during the 2008 Wall Street meltdown.
"The very fact that Citi remains operational is due entirely to the generosity of the American taxpayers," Sen. John Kennedy (
R-La.) said in a scathing letter to Citigroup CEO Michael Corbat. "Please don’t forget that.”
Republicans are now taking aim at Citigroup’s government contracts and warning that they'll think twice about helping the lender the next time it needs assistance from Congress.
Citi representatives have been on Capitol Hill in recent days to address the brewing controversy.
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