bank of (un)Amerika freezes gun makers accounts

Discussion in 'News / Current Events' started by mont974x4, Jan 8, 2013.

  1. mont974x4

    mont974x4
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    “After countless hours on the phone with Bank of America, I finally got a manager in the right department that told me the reason that the deposits were on hold for further review — her exact words were — ‘We believe you should not be selling guns and parts on the Internet.’”

    Read more: http://times247.com/articles/gun-maker-bofa-froze-account-over-politics#ixzz2HPT3VnnG



    Talk about petty and vindictive. A reasonable bank would have talked it out and allowed the customer to simply find a new bank.
     
  2. Revmitchell

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    They have no business tying up any accounts like this.
     
  3. Squire Robertsson

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    It looks like a low level manager has opened BofA up to a massive civil case. I can't see this coming out of corporate headquarters. And if it did, it wasn't sent through corporate legal.
    I can see the manufacturer's lawyers salivating over this case. BofA=(earth's core) deep pockets.
     
  4. Arbo

    Arbo
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    Is BoA's action legal?
     
  5. annsni

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    Before I make a judgment call on this, I'd like to know more information - including if everything is done legally and if truly this was the reason for the bank to hold up the deposits (I doubt one person could really influence bank policy that much). Just not enough info in that article for a feeling on this.
     
  6. Squire Robertsson

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    See my comments at Post 3. (The baying you hear is American Spirit Arms' pack of lawyers on the trail of B of A.)
     
  7. Earth Wind and Fire

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    Fascists :mad:Legally how can they do that?!?

    There is a big law suit for ya!
     
    #7 Earth Wind and Fire, Jan 8, 2013
    Last edited by a moderator: Jan 8, 2013
  8. mont974x4

    mont974x4
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    Wasn't it B of A that was offering credit cards etc to illegal aliens a few years ago? I believe they have a history of making these kinds of moves.
     
  9. NaasPreacher (C4K)

    NaasPreacher (C4K)
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    I agree. There is far too much sensationalist news on the gun debate to make a decision based on one viewpoint in one article.
     
  10. Squire Robertsson

    Squire Robertsson
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    And incomplete information at that. The article cited barely gives surface information. I want to know what level of manager the American Spirit Arms (ASA) spoke to. Was the manager local, regional, or national? The firearms industry is too big for this to be a corporate policy of B of A.
     
  11. Aaron

    Aaron
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    This from someone deciding on Whitefield's views of Islam in America from an arcane article that didn't even mention them.

    http://www.baptistboard.com/showpost.php?p=1891758&postcount=59


    Your bias and modus operandi are obvious and nauseating, and the smell seems to be sticking to other high-ranking individuals.
     
    #11 Aaron, Jan 8, 2013
    Last edited by a moderator: Jan 8, 2013
  12. Squire Robertsson

    Squire Robertsson
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    Roger, through a Google news search, I learned this isn't the first case of B of A trying to shed a firearms manufacturer. Last year, they told McMillian to find another banker.
    http://dailycaller.com/2012/04/20/anti-gun-bank-of-america-tells-gun-company-to-find-another-bank/
    So, there's not only smoke. But, there looks to be fire.



     
  13. NaasPreacher (C4K)

    NaasPreacher (C4K)
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    Thanks for that - yesterday was a busy name for me. While I have to admire BOA for acting in their beliefs, I think it might be financial suicide for them if all of this is a clear as it looks.

    This is one of the blessings of free enterprise - companies can make the decisions and customers can respond.
     
    #13 NaasPreacher (C4K), Jan 9, 2013
    Last edited by a moderator: Jan 9, 2013
  14. Revmitchell

    Revmitchell
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    Jeffrey Dahmer acted on his beliefs.
     
  15. Revmitchell

    Revmitchell
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    Hitler acted on his beliefs.
     
  16. Revmitchell

    Revmitchell
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    Bin Laden acted on his beliefs.
     
  17. Revmitchell

    Revmitchell
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    Satan acted on his beliefs.
     
  18. Crabtownboy

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    1. Luther acted on his beliefs
    2. Calvin acted on his beliefs
    3. Billy Graham acted on his beliefs
    4. Jesus acted on his beliefs
    5. etc., etc., etc.

      A company policy may reflect the beliefs of its board of directors, CEO, etc.
     
  19. Revmitchell

    Revmitchell
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    I do not know why liberals have to have everything explained to them. Simply acting on beliefs is not a virtue itself and can be immoral. Much like freezing accounts because you do not personally like the nature of the business. That is harassment and it is immoral.
     
  20. Mexdeaf

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    Like it or not BOA has the right to decide to accept anyone's business or not- and also suffer the consequences of those decisions.

    I wonder how many NRA members are BOA account holders- and if they will feel strongly enough about this issue to change banks?

    As an aside I have not used corporate banks for years, except for when we were missionaries and did not have a choice. I much prefer Credit Unions where I am a member instead of just a customer.
     

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