Bank of America freezes account of gun maker!!!

Discussion in 'Politics' started by ShootSpeeders, Jan 7, 2013.

  1. ShootSpeeders
    Offline

    ShootSpeeders Gold Member

    Joined:
    May 13, 2012
    Messages:
    15,459
    Thanks Received:
    1,720
    Trophy Points:
    280
    Ratings:
    +5,181
    I trust everyone knows what really happened. Obozo told BOA no more bailouts if you deal with the gun industry.

     
    • Thank You! Thank You! x 1
  2. nitroz
    Offline

    nitroz INDEPENDENTly ruthless

    Joined:
    May 18, 2011
    Messages:
    3,421
    Thanks Received:
    445
    Trophy Points:
    98
    Location:
    Merritt Island, FL
    Ratings:
    +457
    I agree. This is not stuff to be sold on the internet.
    Unless there is something in the TOS saying that BoA reserves this right, they are in the wrong.
     
  3. hazlnut
    Offline

    hazlnut Gold Member

    Joined:
    Sep 18, 2012
    Messages:
    10,207
    Thanks Received:
    1,603
    Trophy Points:
    245
    Location:
    Chicago
    Ratings:
    +4,200

    We should start outing companies that deal with gun manufacturers that make mass murder specific weapons.

    If you make hunting rifles and simple self-defense handguns for law enforcement, then you're fine. But if you make weapons that appeal to preppers and mass murderers, then we need to run you out of business.
     
  4. Glensather
    Offline

    Glensather Gothic Vampires

    Joined:
    Nov 10, 2012
    Messages:
    945
    Thanks Received:
    98
    Trophy Points:
    28
    Location:
    World 1-1
    Ratings:
    +98
    *facepalm*

    BoA doesn't have a case if they can't prove that the company was selling firearms to people who would fail a background check. Something as simple as a felon stealing a credit card and an ID to purchase a weapon will blow this case out of the water.

    I don't see a problem with selling the parts individually - hell, I plan on buying a Nikon rifle scope for my Remington after I get my tax return, just because I didn't even known Nikon sold scopes - but as for complete guns? Eh... maybe? It sure as hell is convenient, to be sure. Maybe if they parted out the gun and sent it to you disassembled.

    Call me crazy, but I feel like the first step in responsible gun use is knowing the ins and outs of your gun.
     
  5. tinydancer
    Offline

    tinydancer Diamond Member

    Joined:
    Oct 16, 2010
    Messages:
    41,516
    Thanks Received:
    9,357
    Trophy Points:
    2,070
    Location:
    Sundown
    Ratings:
    +21,035
    BOA has done this before. Check this out.

    This was just last spring.

    McMillan Fiberglass Stocks, McMillan Firearms Manufacturing, McMillan Group International have been collectively banking with Bank of America for 12 years. Today Mr. Ray Fox, Senior Vice President, Market Manager, Business Banking, Global Commercial Banking came to my office. He scheduled the meeting as an “account analysis” meeting in order to evaluate the two lines of credit we have with them. He spent 5 minutes talking about how McMillan has changed in the last 5 years and have become more of a firearms manufacturer than a supplier of accessories.

    At this point I interrupted him and asked “Can I possible save you some time so that you don’t waste your breath? What you are going to tell me is that because we are in the firearms manufacturing business you no longer what my business.”

    “That is correct” he says…

    “So you are telling me this is a politically motivated decision, is that right?”

    Mr Fox confirmed that it was. At which point I told him that the meeting was over and there was nothing let for him to say.


    Bank of America tells gun manufacturer it no longer wants their business? « Hot Air





    Bank of America was the recipient of well over 100 billion dollars in federal money. They are also one of just two vendors processing payments for Barack Obama’s 2012 presidential campaign, employing a system that disables safeguards against illegal foreign donations. Bank of America Stadium in Charlotte, North Carolina, is the site of the Democratic Nation Convention in September.

    This is at least the third time Bank of America has implemented a discriminatory policy against gun manufacturers. In early 2001, a scandal erupted over the bank’s attempt to discriminate against another Arizona-based company. The resulting public outrage forced a reversal of the policy.

    In 2010, Bank of America attempted a similar action, and was again forced to “clarify” their position…

     
  6. tinydancer
    Offline

    tinydancer Diamond Member

    Joined:
    Oct 16, 2010
    Messages:
    41,516
    Thanks Received:
    9,357
    Trophy Points:
    2,070
    Location:
    Sundown
    Ratings:
    +21,035
    But wait. There's more. Talk about an incestuous relationship.

    Bank of America is to sweetheart loans and Democratic Party payoffs as Paula Deen is to sugar and bacon grease:

    – The massively troubled bank raked in a middle-of-the-night, taxpayer-funded $45 billion banking bailout in 2008 and an estimated $931 billion in secret federal emergency loans.

    – In 2008, BofA’s political action committee gave its biggest contributions to Barack Obama totaling $421,000.


    AND

    During the 2010 midterm elections, former DNC chairman and ex-Virginia Gov. Tim Kaine secured a $15 million revolving line of credit at BofA and then finagled another $17 million loan from the taxpayer-bailed-out bank.
    According to Federal Election Commission records, BofA accepted as collateral the DNC’s donor mailing list. Yep, its donor mailing list for $32 million in loans


    Bank of America tells gun manufacturer it no longer wants their business? « Hot Air
     
  7. OKTexas
    Offline

    OKTexas New Life Member of the NRA 12/15 Supporting Member

    Joined:
    Sep 13, 2012
    Messages:
    24,143
    Thanks Received:
    3,761
    Trophy Points:
    290
    Location:
    Near Magnolia, TX
    Ratings:
    +11,271
    Internet sales of firearms have to be shipped to a gun dealer for delivery, as do receivers which are the only part required to be serial numbered. Bank of America should be the one put out of business. I moved all my business to a local credit union, get much better service.
     
    • Thank You! Thank You! x 1
  8. Darkwind
    Offline

    Darkwind Gold Member

    Joined:
    Jun 18, 2009
    Messages:
    14,151
    Thanks Received:
    2,593
    Trophy Points:
    245
    Ratings:
    +4,265
    Opening themselves up (BofA) for a multibillion dollar lawsuit.

    Hope they go bankrupt. Most corrupt banking institution in existence.
     
  9. Synthaholic
    Offline

    Synthaholic Platinum Member

    Joined:
    Jul 21, 2010
    Messages:
    35,600
    Thanks Received:
    5,033
    Trophy Points:
    1,130
    Location:
    Kicking PoliticalChic's ass up & down the forum
    Ratings:
    +8,878
    If they do, they should try to hold on until they get a Republican president so they can get another no-strings-attached bailout!
     
  10. Politico
    Offline

    Politico Gold Member

    Joined:
    Jul 5, 2011
    Messages:
    13,855
    Thanks Received:
    937
    Trophy Points:
    175
    Ratings:
    +1,491
    Yeah it happened last year and that guy never showed proof it did either. Not saying the guy isn't an idiot for banking there.
     

Share This Page