So as I'm sure you know, with the iron banner out, there are plenty of hunters running around with coyote skins as cloaks. These numbers surely must be in the thousands. This has lead me to believe that the iron lords were not actually killed by the irons bane like they want us to believe. I think that they are actually working in a secret facility that breeds coyotes for the soul purpose of slaughtering them to make cloaks for hunters in the iron banner. The more people see these becoming popular, the more likely they are to participate in the iron banner, and the more likely they are to buy more gear from Saladin. UNDERGROUND SCAM EXPOSED THEY JUST WANT OUR MONEY
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Maybe the iron lords are Bungie's representation of Activision :O