Do not do business with Bank of America!

Discussion in 'Legal and Activism' started by GaryE, Apr 20, 2012.

  1. GaryE

    GaryE New Member

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    BREAKING: Bank of America Reportedly Drops Gun Company for Political Reasons
    The reported reason: they simply do not want to be associated with gun companies.

    by
    Bob Owens

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    April 20, 2012 - 12:30 pm
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    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 what my business.”
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    “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. PlaysWithZombies

    PlaysWithZombies New Member

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    I don't deal with ANY banks, for any reason so i guess it won't be a problem for me :D
     

  3. GaryE

    GaryE New Member

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    Actually it is a problem. Regardless that we don't do business with them we cannot allow them to get away with this without opposition. Its just another way of the Obama administration attempting to do away with our firearms.
     
  4. texaswoodworker

    texaswoodworker New Member

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    I don't use big banks like that. My bank is a small, community based one that treats it's customers right. Really, they don't make any money off me directly, and I gain virtually nothing through interest, but it works for me, and I have never had a problem with them. :D
    They made a stupid decision buy dropping them. That was a lot of money that will be going elsewhere now.
     
  5. canebrake

    canebrake New Member

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    I loathe BOA!

    This just confirms my feelings.

    I wouldn't walk across the street to piss on them if they were on fire. :(
     
  6. DodgerBlue

    DodgerBlue New Member

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    any ol bank will do. no biggie
     
  7. colmustard

    colmustard New Member

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    If you want a ompany or bank to listen to you, you need to talk with your money. I bank with a small town bank. I try not to shop at big stores that have a stance against any of our rights. Buy local and buy smart! Leave the big banks and go to a local bank. Quit wal-mart and shop at family owned places. I know it is hard to do, but its the only way they will listen, and even if they dont listen they will not have any money from you to use as a means of stripping your rights.
     
  8. RJMercer

    RJMercer New Member

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    I love it when these socialists show their colors. This right here is why I'm a big fan of the Citizens United ruling. When a company votes with its wallet they have to report it. And you bet your buns I vett a company before I do business with em. I vote with my wallet every payday. In fact I'm going to switch banks because the one I use now sells loans to the BOA. No more.
     
  9. wjnfirearms

    wjnfirearms New Member

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    I do my business banking through a more local bank that is happy to get my business. I'm a minute fraction of McMillan in comparison and they still treat me like a person they want to do business with. That's the way it's supposed to be. Not all bigger banks are schmucks. My personal banking is through PNC and they have always treated me with respect and I've had no problems with them, ever. I've never heard of PNC having any issues with firearm related businesses, or any legitimate business for that matter.

    My RV is almost paid off and it got financed through B of A when I bought it in 2005 in Delaware. As soon as it's done, no more dealings with those a##h&@%s for my family. If I desperately needed a new car or a loan for whatever and they were the only bank that approved my credit, I'd rather beg, borrow or steal than give them another dime.
     
  10. partdeux

    partdeux Well-Known Member

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    McMillan isn't even a speed pebble on the road...
    Check out the real money

     
  11. Dearhunter

    Dearhunter Supporting Member Supporter

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    I have dealt with Bank Of America, and found them to the most incompetent bunch of dipshxxs I have ever dealt with. I dropped them years ago. Just wish they had not survived the crunch.
     
  12. Polygon

    Polygon New Member

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    I don't do business with big banks. I do all my banking at a small local bank and my auto loan and my credit card are with a small local credit union. All of the big banks are crooks, on multiple levels. This is just one more reason stacked on many other to just tell them to sit and rotate.
     
  13. DodgerBlue

    DodgerBlue New Member

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    For some reason stuff like this doesn't bother me. I just could care less. Im not trying to start a flame war or be the guy that has to stand out by being different. I mean what you gonna do? BoA has already openly said it doesn't really want the small guy account. They are a big business bank doing big boy business. They don't care about joe blow working week to week with a monthly average balance of 75.35 They don't need or want that headache.
    Just keep doing what you're doing. Small bank at town, no walmart, and the such.
     
  14. Polygon

    Polygon New Member

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    Then perhaps they need to close their branches and stop airing commercials. They obviously do care if they are trying to get the average person's business.
     
  15. Overkill0084

    Overkill0084 Active Member

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    I seem to recall that B of A has a bit of a history of anti-gun behavior anyway. The bailout alone should be enough of a reason to put them in the rear view. I doubt that McMillan will have any trouble finding a bank that will take their money.
     
  16. GaryE

    GaryE New Member

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    Its good to see people acting instead of just shaking their heads. These banks have been ripping off the honest citizens and aiding the socialist movement ruining our country.
     
  17. Tackleberry1

    Tackleberry1 New Member

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    I dropped B of A after 20 years when they accepted bail out money. I believe they've since been absorbed by Chase Bank, or am I wrong?

    I won't knowingly do business with anyone who took a bailout. Hope to see Chevy and Chrysler tank as well. Too big to fail my ass! Every other bank or car maker who "did it right" should have been rewarded with the increased market share the failures would have provided had all these crooks been forced before a bankruptcy judge.

    Does anyone even remember how capitalism is suppose to work?

    Tack
     
    Last edited: Apr 21, 2012
  18. BigB

    BigB New Member

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    +1 I will never do business with them again!!!!

    Psalm 82:4 Rescue the weak and the needy; deliver them from the hand of the wicked.
     
  19. tCan

    tCan Active Member

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    I bank with BB&T. They operate across the South Eastern United States and have been very good to me. Even waived their magic wand to make $200 in overdraft fees go away. Then they gave me a get out free jail card for the NEXT time it happens! But the "jail" card was only because I'm a student. Unless they do me or others wrong in the future, they've got a customer for life.