NRA in financial trouble

The National Rifle Association says that it’s in “deep financial trouble” — so deep in fact that it may be “unable to exist.”

The group says it is under such financial distress because New York Gov. Andrew Cuomo has convinced a number of financial service providers, banks, and insurance providers against doing business with the gun-advocacy group. As a result, the NRA claims that it will be forced to end its magazine publishing and television services, and will be forced to curtail rallies and potentially shutter some of its offices.

In April, Gov. Cuomo encouraged New York-based businesses to cut ties with the NRA. “New York may have the strongest gun laws in the country, but we must push further to ensure that gun safety is a top priority for every individual, company, and organization that does business across the state,” he said in a statement. “I am directing the Department of Financial Services to urge insurers and bankers statewide to determine whether any relationship they may have with the NRA or similar organizations sends the wrong message to their clients and their communities who often look to them for guidance and support. This is not just a matter of reputation, it is a matter of public safety, and working together, we can put an end to gun violence in New York once and for all.”

In response, the NRA sued, claiming that the governor was attempting to deny the group the ability to speak freely about gun-related issues. This week, it filed an additional claim, obtained by Rolling Stone, suggesting that the move has impacted its cash flow to the point that it may soon be forced out of existence.