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BOA Leads Charge Against Guns; when starting in April of 2012 as seen here?

Gun Manufacturer Claims Bank of America Withheld Money Over Online Sales
In late December, Joe Sirochman, president of American Spirit Arms, took to the Internet, claiming that Bank of America illegally withheld his company’s funds because of the nature of its business. On his company’s Facebook feed, Sirochman wrote that the bank put holds on payments for guns it sold through his e-commerce site. When he called to investigate why the deposits were being delayed, he alleges, he was eventually told by by a bank representative: “We believe you should not be selling guns and parts on the Internet.”
Citing client confidentiality concerns, Bank of America refused to discuss Sirochman’s specific case on the record. However, a bank spokeswoman noted that — like most financial institutions — Bank of America often flags atypical transactions, including major surges in deposits or withdrawals.  MORE

Bank of America Leads Charge Against Guns

The Democrats’ campaign against the Second Amendment is obvious and expected after the Sandy Hook shootings.
But the gun grabbers are also getting some help from Bank of America.
According to Joe Sirochman, owner of American Spirit Arms, the bank out of the blue on Dec. 18 decided to delay processing deposits, threatening his company’s operations.
American Spirit, like other gun sellers, has seen a huge increase in online sales in recent months, up 500 percent, according to a Dec. 29 Facebook posting by Sirochman.
The company has been a BofA customer for more than 10 years and had no problems until last month, when the bank held up the company’s online deposits.
The Council on Foreign Relations “think tank” is the octopus that has its tentacles in the United Nations, the Obama Administration and Democratic political campaigns going back at least to Michael Dukakis’ presidential bid. Corporate members include major companies like Exxon, Coca Cola, Google, Walmart and Soros Fund Management. It’s one of the primary movers behind the United Nations’ Agenda 21, one component of which is — complete lack of surprise — global gun control.
As the fight over Americans’ right to defend themselves warms up this month, expect the Left to attack not just through government but through its puppet businesses as well.  MORE

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


I’m thinking there has to be more to this story, not because I doubt that there are lefty corporate execs who find guns and gun owners loathsome but because from a business standpoint this is the highest of high insanity. My strong suspicion from years of following news on the right is that gun enthusiasts are the single most passionate interest group in conservative America. The barest whiff of some form of new regulation becomes an instant sensation online. If I ran a business they’d be the very last lobby I’d want to cross, just because they’re ready, willing, and able to organize a mighty effective boycott. Surely BOA, a company that’s headquartered in a southern city, knows the shinolastorm they’d be inviting if they pulled something like this.
And yet, here we are.
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.
Any reason to think that BOA really might make a politically motivated decision to cut ties with gun businesses? Well, maybe. Read Bob Owens’s post at PJM for lots of interesting background on McMillan and BOA:  MORE

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