BoA freezes gun manufacturers accounts... - PeachParts Mercedes-Benz Forum

jplinville · #1 01-07-2013, 09:03 PM

Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims | CNS News

Quote:

Bank of America has reportedly frozen the account of gun manufacturer American Spirit Arms, according to its owner, Joe Sirochman.
In a Facebook post dated December 29, Sirochman wrote the following:
“My name is Joe Sirochman owner of American Spirit Arms...our Web site orders have jumped 500 percent causing our Web site e-commerce processing larger deposits to Bank of America. So they decided to hold the deposits for further review.
“After countless hours on the phone with Bank of America, I finally got a manager in the right department that told me the reason that the deposits were on hold for further review -- her exact words were -- ‘We believe you should not be selling guns and parts on the Internet.’”(emphasis added)
Sirochman also wrote that he told the bank manager that “they have no right to make up their own new rules and regs” and that “[American Spirit is a] firearms manufacturer with all the proper licensing.”
He also noted that he has been doing business with Bank of America for over 10 years, but will now be looking for a new bank.
According to Unlawful News, this isn't the first time Bank of America has targeted a customer involved in the firearms industry.
McMillan Group International was reportedly told that its business was no longer welcome after the company started manufacturing firearms – even after 12 years of doing business with the bank.

What a crock of crap!

jplinville · #2 01-07-2013, 09:05 PM

Just a reminder...

White House weighs broad gun-control agenda in wake of Newtown shootings - The Washington Post

Quote:

The White House is weighing a far broader and more comprehensive approach to curbing the nation’s gun violence than simply reinstating an expired ban on assault weapons and high-capacity ammunition, according to multiple people involved in the administration’s discussions.

A working group led by Vice President Biden is seriously considering measures backed by key law enforcement leaders that would require universal background checks for firearm buyers, track the movement and sale of weapons through a national database, strengthen mental health checks, and stiffen penalties for carrying guns near schools or giving them to minors, the sources said.

To sell such changes, the White House is developing strategies to work around the National Rifle Association that one source said could include rallying support from Wal-Mart and other gun retailers for measures that would benefit their businesses. White House aides have also been in regular contact with advisers to New York Mayor Michael R. Bloomberg (I), an outspoken gun-control advocate who could emerge as a powerful surrogate for the Obama administration’s agenda.

The Biden group, formed last month after the massacre at a Newtown, Conn., elementary school that killed 20 children and six adults, plans to submit a package of recommendations to President Obama this month. Once Obama’s proposals are set, he plans to lead a public-relations offensive to generate popular support.

“They are very clearly committed to looking at this issue comprehensively,” said Dan Gross, president of the Brady Campaign to Prevent Gun Violence, who has been involved in the discussions. The proposals under consideration, he added, are “a deeper exploration than just the assault-weapons ban.”

The gun-control push is just one part of an ambitious political agenda that Obama has pledged to pursue after his decisive reelection victory in November, including comprehensive immigration reform, climate-change legislation and long-term deficit reduction. Obama also faces a reshuffling of his Cabinet, and a looming debate over the nation’s debt ceiling that will compete for his time and attention in the coming months.

Seeking expansive mandate

In addition to potential legislative proposals, Biden’s group has expanded its focus to include measures that would not need congressional approval and could be quickly implemented by executive action, according to interest-group leaders who have discussed options with Biden and key Cabinet secretaries. Possibilities include changes to federal mental-health programs and modernization of gun-tracking efforts by the Bureau of Alcohol, Tobacco, Firearms and Explosives.

“Simply coming up with one or two aspects of it really falls short of the magnitude of the gun issue in the country,” said Chuck Wexler, executive director of the Police Executive Research Forum.

Wexler was among a dozen law enforcement leaders who met with Biden and other administration leaders in the aftermath of the Dec. 14 massacre at Sandy Hook Elementary School in Newtown. The Dec. 20 summit, which stretched an hour beyond an allotted one hour, included Attorney General Eric H. Holder Jr., Education Secretary Arne Duncan, Homeland Security Secretary Janet Napolitano and Health and Human Services Secretary Kathleen Sebelius.

Biden “wanted to talk to us about the assault-weapons ban, automatic weapons, high-capacity magazines,” said Hennepin County (Minn.) Sheriff Richard Stanek, president of the Major County Sheriffs’ Association.

The vice president said the White House group would consider a variety of proposals — from requiring background checks for all gun buyers to creating a new database that would allow the ATF to track all gun sales, according to participants.

Stanek said the meeting also included significant discussion of mental-health issues, violence in video games and movies, and the poor quality of information contained in databases used to conduct criminal background checks before issuing gun permits.

Some of the options the administration is considering may not ultimately be included in Obama’s package. A White House spokesman said Biden’s group was in the midst of its review and has made no decisions on its final recommendations.

The White House is also developing strategies to navigate the rocky and emotionally fraught terrain of gun politics once final policy decisions are made. The administration is quietly talking with a diverse array of interest groups, including religious leaders, mental-health professionals and hunters, to build as broad a coalition as possible, those involved in the discussions said.

The president is expected to face fierce opposition from the NRA and its allies in Congress, including most Republicans and some Democrats.

But Biden signaled to those involved in the policy discussions that the White House is not afraid of taking on the NRA, the nation’s largest gun rights group. At the Dec. 20 meeting, according to Stanek, when one law enforcement leader suggested focusing on only the most popular proposals, Biden responded: “Look, what I’m asking you for is your candid opinion and ideas about extreme gun violence. Leave the politics to the president. That’s our job with Congress.”

NRA officials declined a request for comment. In response to the shooting in Newtown, Wayne LaPierre, the group’s executive vice president, called for installing armed police officers in every school.

“The only thing that stops a bad guy with a gun is a good guy with a gun,” LaPierre said at a news conference Dec. 21.

One potential strategy would be to win support for specific measures from interest groups that are normally aligned with the NRA, according to one person who works closely with the administration on gun-related issues and who spoke on the condition of anonymity because of the issue’s sensitivity.

For instance, this person suggested, Wal-Mart and other major gun retailers may have an incentive to support closing a loophole that allows people to bypass background checks if they purchase firearms at gun shows or through other types of private sales. That could result in more people buying guns in retail stores.

Timing is imperative

Obama’s advisers have calculated that the longer they wait, the more distance there is from the Newtown massacre and the greater the risk that the bipartisan political will to tackle gun violence will dissipate.

“This is not something that I will be putting off,” Obama said on NBC’s “Meet the Press” in an interview broadcast last Sunday.

At the White House meeting, Stanek said, “the vice president indicated that there was a very short timeline for him to get back to the president with his recommendations because the American public has a short memory.”

Already, three weeks after the Newtown shooting, gun-control advocates are growing impatient with a legislative process that is just beginning.

“As we get involved in these ad nauseam debates over the Second Amendment, our children are still at risk,” said Jon Adler, national president of the Federal Law Enforcement Officers Association. “Debating is not the action verb we need to protect our children.”

With the start of the 113th Congress last week, several lawmakers filed bills to address gun violence. Sen. Dianne Feinstein (D-Calif.), who co-wrote a 1994 assault-weapons ban that expired in 2004, plans to introduce legislation this month that would ban the sale or manufacture of about 120 firearms, including semiautomatic rifles and military-style handguns, as well as ammunition magazines that can hold more than 10 rounds.

The expired federal assault-weapons ban prohibited the manufacturing of 19 models of semiautomatic guns classified as assault weapons, including certain rifles and shot guns. The law also banned ammunition magazines capable of holding more than 10 rounds. But it did not ban the sale of previously manufactured assault weapons or high-capacity magazines.

Since the law’s sunset, efforts in Congress over the past decade to reinstate the ban have faced stiff opposition from the NRA and the firearms industry and have never passed.

Adler, who has submitted recommendations to Biden’s group, said he has told administration officials that they need to pursue multiple measures to increase their chances of success.

“We can’t put all our protection-effort eggs in one basket with one piece of legislation,” he said. “We’ve got to do more than that.”

kmaysob · #3 01-07-2013, 09:06 PM

yup. thats what happens when bunny huggers are in charge

Botnst · #4 01-07-2013, 09:06 PM

No problem. Move his business to a company that likes profit.

engatwork · #5 01-07-2013, 09:13 PM

hahaha, like BofA has morals

.

4x4_Welder · #6 01-07-2013, 09:18 PM

BofA, formerly Bank of Italy, will never get my money again after the way they previously handled my accounts: Loosing deposits for just log enough to bounce a few checks, random disappearance of money that was there, then returned just after they hit me with overdraft fees, etc. Every time I would complain about it, I just got brush off answers about problems with bank accounts that had repetitive numbers (mine had three 8s in a row). They didn't care, it was making them money.

engatwork · #7 01-07-2013, 09:24 PM

BofA is one of the most crooked and greediest of them all. Unfortunate that they got all that taxpayer money.

Pooka · #8 01-07-2013, 09:28 PM

Right now all of this is based on what one side is saying. BoA says they will freeze any account they suspect of 'unlawful' activity.

It could be that his account just got snagged in a computer security setting when it saw his business jump by 500%.

But if that is really the answer he got from some customer service rep..... It might be time for him to have a discussion with their Supervisor.

In any case this is something that should be easy to deal with. If it is not then it speaks very poorly for BoA's ability to react to a rapid change in a person's business.

The owner of this company needs to just bid farewell to BoA and find a Bank that is more in tune with his company and its' needs. Big banks are not for everyone, and I have found that Credit Unions can react quicker than most banks when it comes to a unique situation like a 500% jump in your online orders.

aklim · #9 01-07-2013, 10:17 PM

My house, my rules. HOWEVER, "my money, my choice of where to deposit" also comes to mind.

Like any relationship, be it called business or personal it is really business. When you are no longer the best I can get, we part company. Same as any marriage between two people.

cmbdiesel · #10 01-07-2013, 10:23 PM

Quote:

Originally Posted by jplinville

Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims | CNS News

What a crock of crap!

I agree......

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Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims | CNS News

Dudesky · #11 01-07-2013, 10:27 PM

cmbdiesel · #12 01-07-2013, 10:28 PM

Quote:

Originally Posted by Dudesky

I would agree to that if it had every POTUS, speaker and majority leader from the last two decades....

Hatterasguy · #13 01-07-2013, 10:36 PM

BoA have done this before, and as I have said before its a shame we didn't let them go under in 2008. I'll never do business with them.

t walgamuth · #14 01-07-2013, 11:08 PM

BOA did something very unethical with me and the Mrs. It'll be a cold day in he1l before I ever do any business with them or miss a chance to ding them verbally.

Greedy scumbags.

Txjake · #15 01-07-2013, 11:47 PM

Up against the wall