BofA Freezes Licensed Gun Manufacturer’s Deposits “We Believe You Should Not Be Selling Guns On The Internet”
On January 4, 2013, Masked adult language warning http://www.ironicsurrealism.com/2013/01 ... -internet/" onclick="window.open(this.href);return false;
On December 29, the owner of American Spirit Arms; Joe Sirochman relayed this chilling news via Facebook:
Manufacturers back logged for months , large revenue all generated in the last two weeks …. American Spirit Arms is no exception to the overwhelming demand . What we have experienced is that our web site orders have jumped 500 % causing our web site E commerce processing larger Deposits to BANK OF AMERICA ..Well, this through up a huge RED Flag with Bank of America .
Bank deposits were on hold for FURTHER REVIEW …
HER EXACT WORDS WERE …
..” WE BELIEVE YOU SHOULD NOT BE SELLING GUNS and PARTS ON THE INTERNET “
Last edited by RPB on Sat Jan 05, 2013 8:52 pm, edited 1 time in total.
I'm no lawyer
"Never show your hole card" "Always have something in reserve"
Who says banks get a say in the customers' business?
(Seriously... Are they allowed to do this?)
I am not a lawyer, nor have I played one on TV, nor did I stay at a Holiday Inn Express last night, nor should anything I say be taken as legal advice. If it is important that any information be accurate, do not use me as the only source.
Anybody dumb enough to patronize Bank of America is asking for this kind of nonsense.
Unless you have a need to occasionally borrow $500 million or something, why would anyone keep a dime at B of A, Chase, Wells Fargo or any of the other too-big-to-fail outfits. There can't be any disadvantage to using smaller local or community banks or credit unions for all but the really huge business operations.
Luckily, I have enough willpower to control the driving ambition that rages within me.
cheezit wrote:one place comes to mind. paypal they pulled the same type of stuff
yet one more reason to hate b of a
They're not a bank, though.
I am not a lawyer, nor have I played one on TV, nor did I stay at a Holiday Inn Express last night, nor should anything I say be taken as legal advice. If it is important that any information be accurate, do not use me as the only source.
The company in the OP's link is a different one that the snopes account. All the more reason to stop doing business with them. I'm sure it happens more than we hear about.
I had heard a long time ago that Chase Bank was guilty of the same practices. But when I bought my Ruger Gunsite Scout rifle a couple of months ago (from an FFL in Pennsylvania), I paid with a Chase card and the transaction went through with no problem. When I asked the guy at the FFL about it, he said that they never have problem with Chase transactions. Go figure.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
I recall the incident with McMillan. Snopes is full of prunes. Bank of America cited as proof of their support of firearms manufacturing the deal with Freedom Group, Inc. Rubbish! Freedom Group is owned by Cerebus, a private equity outfit that used to own Chrysler and a bunch of other stuff, whose investors include the California pension plan, notorious for idiotic politically motivated investments.
I think it happened the way McMillan said it did, and have not seen anything credible to contradict that version of events.
Luckily, I have enough willpower to control the driving ambition that rages within me.
I recall the incident with McMillan. Snopes is full of prunes. Bank of America cited as proof of their support of firearms manufacturing the deal with Freedom Group, Inc. Rubbish! Freedom Group is owned by Cerebus, a private equity outfit that used to own Chrysler and a bunch of other stuff, whose investors include the California pension plan, notorious for idiotic politically motivated investments.
I think it happened the way McMillan said it did, and have not seen anything credible to contradict that version of events.