NRA is in deep financial trouble and may soon 'be unable to exist'

And it's in .41 Magnum; one of my favorite calibers!

 

Model 57? Nice.

 

No; I do have a 57 and love it; but that particular revolver is a 624 in .44 Special, another favorite!

 

I think there is some exaggeration. Its a filing in a court case, obviously they want to state the damages as high as possible, but the activities of the NY DFS are clearly unconstitutional and illegal.

 

Yeah, I'm a .41 mag, and .44 special fan too. My other favorite revolver calibers are .357, and .45 LC.

I also like rifles that pair with revolver rounds and vice-versa.

BTW, I've never understood why Colt didn't refine and produce the lighting in the heavier calibers for a longer period of time. I like it.

Replicas

 

The Lightning is a great little rifle; but the story as I understand it is that Colt had great success with their "Frontier" SAA when they chambered it in the .44 Winchester Central Fire (.44-40) round; so, of course, people could carry the same round for both rifle and pistol, which simplified logistics tremendously (of course, even before then you could get handguns chambered in the .44 Henry rimfire, but the idea didn't really take off until the .44 WCF came out).

For a time, Colt and Winchester had a nigh-unto symbiotic relationship; Colt made the handguns, Winchester the rifles, and both companies were very successful.

Then, Colt came out with the Lightning. It was trimmer than the Winchester, and was a little faster to operate (if more mechanically complex). You could even hold the trigger back while you cycled it and slam fire it at very high speeds. It started drawing a lot of attention... and the legend says that representatives of Winchester went to Colt and threatened to start making revolvers if they didn't stop making the Lightning. Colt supposedly was already facing challenges from revolvers like the Remington, S&W, and even Merwin & Hulbert, and knew that the fact the Colt fired the same ammo as the Winchester was what was keeping them on top of the heap, so Colt pulled the Lightning from the market.

 

TYT provides some excellent insight into the NRA's financial troubles. The NRA was insuring gun owners to engage in illegal acts with their guns.

Cenk explains:
"You can't insure people to do illegal things. So if you said... 'Hey, go rob that bank and if you get caught I'll insure you and I'll cover your costs.' You can't do that. It's not legal."
https://www.youtube.com/watch?v=pRNbH5KDQSw

The NRA has been caught and fined $7 million, but they are spreading a false narrative about being unfairly targeted by liberal lawmakers. The NRA is also $46 million in debt due to all the money they donated to Republican politicians in 2016. Some would call that legalized bribery. The NRA may have received as much as $30 million from the Russian government. It sounds like they've been involved in a lot of shady dealings.

 

Exactly what so-called "illegal acts" was the NRA providing insurance for? Explain such.

 

I believe that because I've read Colt laid off the lever actions so Winchester could have that market, and like you said Winchester laid off the revolvers. So yeah, Winchester could have felt threatened by the Lightning.

 

You really should check your sources more closely. From the terms of the actual insurance coverage:

https://lockton.nracarryguard.com/coverage/

https://lockton.nracarryguard.com/pdfs/individual-policy-with-nra-master-policy.pdf

"II. LIMITS OF LIABILITY The limits of The Company’ liability shall be as stated in the Notice of Insurance issued to the “Individual Insured Member,” subject to the terms, limitations, exclusions and conditions of this policy.
B. LIMITS OF LIABILITY APPLICABLE TO INSURING AGREEMENT IC - DEFENSE, SETTLEMENT, SUPPLEMENTARY PAYMENTS – OTHER THAN CIVIL SUITS 1. The DEFENSE, SETTLEMENT, SUPPLEMENTARY PAYMENTS – OTHER THAN CIVIL SUITS AGGREGATE LIMIT stated in the Notice of Insurance: a. Shall be the aggregate limit of The Company’ liability for all costs and expenses under INSURING AGREEMENT IC during any ”Annual Period” of the “Individual Insured Member’s” coverage as set forth in the Notice of Insurance regardless of the number of “insureds”, claims made, claimants, “occurrences”, or “acts of self-defense”. b. The Company shall be liable for an amount not to exceed 20% of such limit for all covered costs and expenses under INSURING AGREEMENT IC and the remainder of such limit shall be available on a reimbursement basis only as described in paragraph 2. below. 2. Reimbursement for covered costs and expenses under INSURING AGREEMENT IC is only available upon: a. a formal dismissal of the criminal charge or indictment; or b. a formal acquittal due to an “act of self-defense” of the criminal charge or indictment; and c. receipt of a signed, sworn proof of loss statement containing the information we need to provide reimbursement including receipts for all covered costs and expenses. This must be provided within 90 days such acquittal or dismissal of criminal charges. A declaration from the prosecuting attorney(s) that he or she does not intend to prosecute, (often referred to as nolle prosequi), would apply as if all charges were acquitted"

If you are guilty of an "illegal thing", the insurance does not pay the insured anything.

 

Man, what a load of politically motivated, self-serving bovine excrement! Just goes to show: you can always tell a gun control advocate is lying by his lips moving.

 

Attacking the messager not the message

Way to debate

 

Do what I did

Use google

 

Putin need to send them a few more hundreds of millions it would seems.

 

Well, we know at this point that Trump is a Russian agent, so perhaps so is the NRA.

 

You like to gossip and rumors. Maybe you are a Russian agent?

 

I used the actual terms of the insurance agreements from the NRA hosted insurance company. If the insured is found guilty, they get no money. See post 88.

What did you find?

 

It is the obligation of the member Galileo to defend his own accusations and statements when questioned. In truth the affected policies state that they only apply if the individual utilizing them is found not guilty, or is not brought to trial because the incident was found to be self defense. If the action was illegal, the policy states that it does not apply.

 

Gossip, rumor?

Trump winking at Putin:



No doubt about it, Trump is collaborating with the Russians. Is the NRA, I don't know, and neither do you. It's possible.

 

Here are your collaborators:

 

You seem to be unaware, but neither Clinton, or Obama, is president of the United States, nor do they work for the NRA. Let's stay on topic. Thank you amigo.

 

Playing hallway monitor, cute. Your gossip is on topic? You may think you have credibility but so did this Rambo....

 

She's not the president son, and she doesn't work for the NRA. I know reality is difficult for you, but give it a try.

 

You seem to think you are my father, dad is that you?

When you part ways with facts and start gossiping and portraying it as fact I will have to call you out on it and will continue. The sad thing is you believe your own gossip. Spreading rumors is not something I would hold as a positive.

The NRA will survive and continue, the citizens will see to it. Care to donate? here is a link:

https://donate.nra.org/

Please, do not be a tight wad.