A tech company is stopping credit card payments for gun purchases

JOHNSON & JOHNSON ALL DOW STOCKS ALL DOWN, THE DOW IS OFF 25 POINTS THEN THERE'S THIS

THE TECH COMPANY — STOPS PROCESSING CREDIT CARD PAYMENTS FOR GUN PURCHASES ALL RISE NAPOLITANO IS HERE WHO ARE THEY TO SAY WHAT I CAN AND CANNOT BUY WITH A CREDIT CARD? >> WELL THEY CAN CHOOSE THEIR CUSTOMERS, THEIR CLIENTS UNLESS THAT CHOICE IS FACED UPON SOME PROTECTED ASPECTS SO YOU CAN'T REFUSE A CUSTOMER BECAUSE OF RACE OR AGE OR GENDER OR SEXUAL ORIENTATION BUT YOU CAN REFUSE A CUSTOMER BECAUSE YOU DON'T LIKE THEIR BUSINESS THAT'S THE GENERAL ANSWER THE PRECISE ANSWER IS THEY MAY VERY WELL HAVE INTERFERED WITH THEIR CUSTOMERS BUSINESSES BY NOT TELLING THEM AHEAD OF TIME PEOPLE USE THE CREDIT CARD WALKED AWAY WITH A GUN AND THEN THE CREDIT CARD TONIGHT COME THROUGH

AND THE GUN SELLER HAD TO GO OUT TO FIND THE PERSON TO WHOM HE SOLD THE GUN AND SAY NOW YOU OWE ME CASH >> I THINK IT WAS A BAD BUSINESS DECISION, ANYWAY, THAT IS TERRIBLE BUSINESS DECISION TO DO WITHOUT NOTICE II UNDERSTAND BUSINESSPEOPLE MAK II UNDERSTAND BUSINESSPEOPLE MAE BAD DECISIONS BASES ON CASH I DON'T THINK I WOULD OR YOU COULD BUT YOU'VE TO GIVE YOUR CUSTOMERS NOTICE BEFORE YOU DO THAT A CREDIT CARD PROCESSOR OVER AN ISSUE

THEY'RE NOT VISA BUT THEY WON'T LET YOU BOY A GUN OR VISA IF IT IS PROCESSED THROUGH IF I PROCESS ON THIS THEY TAKE IT FROM THIS TO THE BANK AND THEY WON'T DO IT THE DISGRACED FOUNDER ELIZABETH HOLMES SHE WAS CONVICTED OF MASSIVE FRAUD — >> I DON'T THINK SHE'S BEEN CONVICTED >> SHE SAID SHE QOWLD WOULD SHE WAS CHARGED WITH VERY IMPORTANT TO MAKE THE DISTINCTION I DON'T TO JUMP DOWN YOUR THROAT ON WORDS BECAUSE THIS WAS A CIVIL FRAUD

NOT A CRIMINAL FRAUD SHE ACCEPTED THE TERMS OF THE CIVIL FRAUD WHICH WAS AN ENORMOUS — GORGEMENT OF MONEY AND A SHARES OF STOCK NOW GONE TO SILICON VALLEY ASKING FOR MORE MONEY TO START ANOTHER COMPANY >> WOULD YOU GIVE HER A NICKEL? >> SHKRELI BAD BOY FARMER ISED GUY WHO IS GOING TO PRISON TO — I THINK HE DID LESS THAN MS HOLMES DID

I REMEMBER DISCUSSING THIS AT THE TIME THAT SHKRELI TRIAL WAS GOING ON AND THE MONEY INVOLVED IN SHKRELI IS LESS THAN HERS HOW DOES THE GOVERNMENT DECIDE TO DO CIVILLY OR CRIMINALLY A VERY FINE LINE IF THEY THINK YOU ATTEMPTED TO LINE YOUR OWN POCKETS AND HARM YOUR VICTIM — THEY'LL GO AFTER YOU CRIMINALLY IF THEY THINK YOU MERELY MADE A MATERIAL MISREPRESENTATION IN THE HOPES THAT THINGS WOULD GET BETTER THEY'LL GO AFTER YOU JUST CIVILLY THAT'S WHAT WE DID TO HER THEY DID TO HER

THE FCC AFTER HER AND COULD HAVE REFER ARED IT TO DEPARTMENT OF JUSTICE THEY DID NOT THIS IS NOT AN EXACT SCIENCE AND IT'S NOT ALWAYS FAIR YOU CAN MAKE A VERY STRONG ARGUMENT AND SHOULD HAVE GONE AFTER SHKRELI CIVILLY

YOU CAN MAKE A VERY STRONG ARGUMENT THEY SHOULD HAVE GONE AFTER HER CRIMINALLY BUT YOU CANNOT MAKE AN ARGUMENT THAT SHE IS WORTHY OF YOUR HARD EARNED INVESTMENT DOLLARS NOW CAN YOU? >> NO I CANNOT I CANNOT REALLY PUTS OVER THE TOP

YOU LAWYERS THAT'S WHAT IT IS