HUGE: JPMorgan Blocked From Texas Muni-Bond Market Over Anti-Gun Virtue-Signaling

FUCK CHASE BANK!!!

(ZeroHedge) In May, the Texas House of Representatives passed the bill that would block the state and local governments from contracting with banks and other financial-services companies that have policies that limit their work for the firearms or ammunition industries. The legislation reflected 2nd Amendment rights supporters' furore over corporations pushing themselves into the increasingly divisive policies of America’s identity-politics wars.

And now, as Bloomberg reports, the first impact of the law is hitting Wall Street.

This week, JPMorgan was replaced by UBS as the underwriter of a bond issue for the Decatur authority, an arm of a 7,000-person Texas city that operates Wise Health System.

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