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bank of (un)Amerika freezes gun makers accounts

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

  1. Crabtownboy

    Crabtownboy Well-Known Member
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    So no account should ever be frozen. It is immoral to freeze an account of a person, company or country regardless of what they are doing with the money.

    You are illogical when you say acting on beliefs is not a virtue itself and can be immoral. I agree the action may be immoral. But also the action may be moral. It is not all one and not any of the other regardless of circumstance.

    Have you thought that we do not have the entire story of to whom the gun parts were being sold? Would you approve the freeze if it were proven they were selling them to terrorists organizations?

    Rev. you thinking is too narrow. Try taking a broader view before making rash, illogical statements.
     
  2. Salty

    Salty 20,000 Posts Club
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    If given the opportunity, who would freeze the account of Planned Parenthood?
     
  3. Aaron

    Aaron Member
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    The stench of hypocrisy is thick in this thread.

    If it were Chick fil-A you'd be arguing that a company policy must be divorced from the beliefs of its board.
     
  4. NaasPreacher (C4K)

    NaasPreacher (C4K) Well-Known Member

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    Of course that would be a noble and courageous bank that would do that!
     
  5. Arbo

    Arbo Active Member
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    Frozen by a private entity without a court order, no. It is the account holder's money, not the bank's to make inaccessible at whim. If a bank wants to close an account and refunds the holder, I've little problem with that.
     
  6. Revmitchell

    Revmitchell Well-Known Member
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    Rash is this post.
     
  7. Crabtownboy

    Crabtownboy Well-Known Member
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    Only went to where your illogical post lead.
     
  8. Squire Robertsson

    Squire Robertsson Administrator
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    CBT, the Bank's problem is they took action without fair warning to the customer. The customer is an otherwise legitimate business. The money on deposit are proceeds of legal business transactions. If the Bank doesn't want this particular customer's business, fine, it's the Bank's right and prerogative. Nobody here is saying B of A doesn't have the right and prerogative to refuse service to a particular customer and industry.

    But, freezing a customer's accounts containing otherwise legal funds without a court order borders on theft.
     
  9. Revmitchell

    Revmitchell Well-Known Member
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    He doesn't care about the truth of the matter. He wants to defend someone taking action against a gun manufacture. He understands the true details. He is just ignoring them.
     
  10. Squire Robertsson

    Squire Robertsson Administrator
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    I await his response even if it's only a concurrence. An analogous action would have been a bank's freezing the deposits of a local NAACP chapter back in the day for "fomenting civil disorder."
     
  11. Salty

    Salty 20,000 Posts Club
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    Thank you C4K

    For everyone else - Let me ask the question this way -

    Would it be inmoral for BOA (or any bank) to freeze the account of Planned Parenthood?
     
  12. Squire Robertsson

    Squire Robertsson Administrator
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    Without warning or a court order, it's not only immoral; it would be illegal to freeze currently held deposits. That's not to say it would be immoral or illegal for a bank to refuse to accept PP's business in the first place. They could also tell PP they have x number of days to find another bank to do business with or a cashier's check for PP's funds on deposit will be sent to their address of record. Both of the above actions are legal and moral.
     
  13. Robert Snow

    Robert Snow New Member

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    Certainly it would be immoral. It's not the bank's job to worry about how money is spent. They simply need to do their job and keep our money safe.
     
  14. NaasPreacher (C4K)

    NaasPreacher (C4K) Well-Known Member

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    It is wrong for any bank to freeze any assets unless it is in their terms and conditions. The thought and intent of such a bank might be good in their own eyes, but it would still be wrong.

    I am still suspecting there is much more to this story than meets the eye. Something is not quite right here.
     
  15. Mexdeaf

    Mexdeaf New Member

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    This I agree with.
     
  16. mont974x4

    mont974x4 New Member

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    I don't have a problem with BofA deciding to not do business with someone. That is their right. The problem is their using this occasion for activism in an underhanded manner.
     
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