NRA Files for Bankruptcy

AP News photo

So, this business owner was going broke. He was losing customers, and creditors were circling like a flock of vultures. In desperation he went to his pastor for counseling.

The pastor listened to his tale of woe and then advised him, “Sometimes, when I’m troubled about something, I’ll go to the beach with my Bible, sit down, close my eyes, and open the book and let the wind blow the pages, and when it stops I’ll look down and read. You may find your answer that way.”

So, the businessman followed his advice and a year later he came back to the pastor with a big donation to the church, as well as a gift certificate for dinner at the finest restaurant in town. He explained that his business was now thriving and he wanted to express his appreciation for the wise counsel he got the year before.

So, the pastor, overcome by the generosity, asks, “So, when you went to the beach, what did you read when the wind stopped?”

The businessman smiled and said, “Chapter 11.”

I doubt that Wayne LaPierre came on the idea of Chapter 11 for saving the National Rifle Association in quite that way, but that is the NRA’s tactic right now, as the gun lobby group tries to cope with lawsuits filed against the organization from New York’s Attorney General, Letitia James.

A.G. James sued the NRA in August, seeking to dissolve the non-profit corporation because of mismanagement and corruption. Accusations of corruption, I’ll note, are not just from so-called gun-control advocates, but from former NRA president Oliver North, as well as other disgruntled board members.

The NRA announced, in January, that the organization would file for Chapter 11 bankruptcy to protect its assets, and then seek to re-charter the NRA in Texas. In a New York Times report, Bob Barr, a former Georgia congressman and NRA board member, commented, “It has nothing to do with the NRA’s financial posture, which is very, very strong. It is simply a legal vehicle to move under protection of federal laws to escape the abuse by the New York authorities.”

The Times story notes that the NRA isn’t “under water,” with more debts than assets. The NRA reports assets worth $50 million more than its debts.

David Dell’Acquila, a former NRA supporter and donor, is suing the NRA and would presumably try to intervene in the bankruptcy proceedings. His lawyer said, “We believe that the NRA’s bankruptcy case is a bad faith attempt to block New York State’s effort to monitor the NRA’s corporate governance.”

I will continue to follow the developing NRA story, but back here in Montana, we have a different kind of firearms issue at the Montana legislature. HB 102, which appears to be steamrolling its way through the Republican-controlled legislature, would largely repeal almost any and all kinds of restrictions on firearms in Montana. 

The bill, carried by Rep. Seth Berglee, R-Joliet, would reduce legal restrictions governing open and concealed carry that supposedly reduce Montanans’ ability to defend themselves.

The bill further restricts the Montana Board of Regents and the University System from regulating the carrying of firearms on college campuses in Montana.

From what I’ve seen, about the only restriction that the bill would put on a college student having a gun on campus would be consent from a roommate to have firearms in their dormitory room.

The University System’s current rules go back 30 years to when a Montana State University student shot and killed another student. 

From what I’ve seen, University System administrators and faculty widely oppose the idea of students packing guns around on campus. The ASUM, the student government of the University of Montana in Missoula, has gone on record opposing it.

From my standpoint as a lifelong gun owner, hunter and shooter, I really am disturbed by this push to have everybody carrying guns around. Would you feel comfortable having people carrying assault rifles in the state capitol, such as happened in Michigan last year, or college students, full of beer and testosterone, carrying concealed handguns?

I certainly don’t.

2 thoughts on “NRA Files for Bankruptcy

  1. I was shocked that Montana legislature are putting this bill up. Hopefully they wake up that we don’t need or want it.. stupidity

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