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Anti-gun Bank of America has ties to Obama...

Discussion in 'Politics, Elections & Legislation' started by Brian in Oregon, Apr 20, 2012.

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  1. Brian in Oregon

    Brian in Oregon Well-Known Member

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    Anti-gun Bank of America cancels gun maker accounts; has ties to Obama political campaign funds processing.

    Bailout recipient Bank of America has severed relations with an American company because of a reported bias against their industry. McMillan Group International released an extraordinary statement on Facebook regarding the incident:

    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 five minutes talking about how McMillan has changed in the last five 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 want my business.”

    “That is correct” he says.

    I replied “That is okay, we will move our accounts as soon as possible. We can find a Second Amendment friendly bank that will be glad to have our business. You won’t mind if I tell the NRA, SCI and everyone one I know that BofA is not firearms industry friendly?”

    “You have to do what you must” he said.

    “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.

    McMillan is now refusing to accept Bank of America cards from customers for payment.

    McMillan is heavily involved with U.S. national security. McMillan rifle stocks are the standard for the Marine Corps’ favored M40A3 sniper rifle. McMillan products, from stocks and other accessories to complete rifles, are used by U.S. regular and special forces and by American military allies around the globe.

    McMillan products are of particular import in Afghanistan and in Iraq, where snipers and designated marksmen armed with long-range precision rifles performed (and still perform) vital scouting and overwatch functions protecting maneuver units. The extended range of these weapons allows forces to engage with and destroy enemy forces before they are in range to accurately fire against American soldiers and Marines.

    Per McMillan’s statement, a politically partisan bank has severed the lines of credit to a company important to our national security. This act has likely added difficulty to the company’s ability to operate, to research product improvements, and to deliver products on time. Bank of America’s stance — especially if this signals a new policy regarding dealing with all arms manufacturers — could potentially effect the readiness of American soldiers in combat zones and the operational efficiency of some of America’s most highly trained and effective units.

    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:

    Bank of America does not have a corporate-wide policy to deny banking services solely on the applicant’s involvement in the firearms industry.

    No other gun manufacturer or gun rights group has reacted to the McMillan Facebook post at this time.
  2. BAD 303

    BAD 303 Active Member

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    Every gun owning US citizen should boycott the bank. Every single one of us.
  3. CharlieAMA

    CharlieAMA Well-Known Member

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    I know this personally. My bank First National of Amarillo changed hands about 15 years ago(approx.) became Boatman's, then Nations, then Bank of America. My banker told me that I couldn't bank with him anymore, because I didn't do a million dollars worth of business with them. I got sent to a 1-800-bank officer in Dallas. I called him, and offered to fly down and meet him, and get stuff going. He told me that was not necessary. Anyway, I changed to a locally owned bank in 2000, and have been happy ever since. Their coffee is free, and I feel like I'm somebody there. Bank of America is a stuffed shirt dinasaur, and is out of touch with America. Their name should be changed to Bank of Assholes. My opinion,and I approved this message, and I'm sticking to it. Regards, Charlie Henderson, Amarillo, Texas
  4. CharlieAMA

    CharlieAMA Well-Known Member

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    Please pardon my French, but that is the way I feel about them. They did me and my family wrong, caused alot of heartache, and some financial problems. They are so big, they don't care who they step on, or who they piss off. Anyway, enough of my tirade. Regards, Charlie
  5. Rick Barker

    Rick Barker Well-Known Member

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    Don't forget their "cards for illegal aliens" promotion a few years back.
  6. Model Number 12

    Model Number 12 TS Member

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    Rick, that was when they were called Bank of Amigo.

    Looks like nothing has changed much.
  7. lots of 24's

    lots of 24's Member

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    If you really want to learn about The Bank of America's recent laundry list of dirty deeds, check out Rolling Stone magazines' article "Too Crooked to Fail". I think it was last months magazine. Maybe a couple months ago. Holy cow this company is the bigesst liar cheater and stealer I ever heard of. Doesnt surprise me at all to hear that they are Obama's bank of choice. These people dont even play by their own rules. Let alone the laws of the land. I cancelled my B of A credit card after I read the article. I just dont want to do business with a company like that.
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