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B of A Dumps McMillian Group for Political Reasons

Discussion in 'Legal & Political Archive' started by erudne, Apr 24, 2012.

  1. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    Mcllan Group International, a company that manufactures firearms and accessories, is claiming that Bank of America asked them find another bank for “political” reasons.

    The company, whose different entities have been doing business with Bank of America for more than twelve years, says it has never made a late payment, and never bounced a check.

    On Thursday, the Director of Operations Kelly McMillan explained on McMillan’s Facebook page:

    Today Mr. Ray Fox, Senior Vice President, Market Manager, Business Banking, Global Commercial Banking [of Bank of America] 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 [possibly] 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 [said].

    I replied ‘That is okay, we will move our accounts as soon as possible. We can find a 2nd 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.

    The Daily Caller is reporting, in addition, that the bank representative remarked, “We have to assess the risk of doing business with a firearms related industry.”



    Many ask, what risk would that be? Are there really enough people who would refuse to do business with Bank of America over having McMillan as a client that it justifies discontinuing the decade-long relationship?

    And when the representative allegedly agreed that the motivation was “political,” did he mean among clients and executives, or government officials?

    As a bank that received $20 billion in the bailout, many are outraged that the company seemingly finds constitutional rights a professional liability.

    (Photo: McMillan)



    McMillan has thanked the public for its support over Facebook, writing: “I know this is not about McMillan. It’s about the possibility of losing our freedom and right to keep and bear arms. If this had happened to any other company I am sure all of you would have been on their web page shouting your allegiance to the cause.”

    The company assures its clients that many competing banks have offered their services, and Kelly McMillan is looking to see whether the company can stop accepting Bank of America cards
     
  2. rufus

    rufus State of Jefferson Well-Known Member

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    Political correctness run amok. I truly hope BofA goes belly-up, the sooner the better.
     
  3. Dan-Dee Sales Inc

    Dan-Dee Sales Inc Sweet Home, Oregon, United States Active Member

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    not the first or last.
     
  4. fd15k

    fd15k Tigard,OR Well-Known Member

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    So, bank of America has revenue of 115.074 billion dollars. In 2001 some small gun manufacturer ran into issues with them. In 2010 a few other undisclosed companies complained to NRA-ILA, and NRA-ILA requested a statement from BoA regarding their policies. BoA stated then that there are no specific policies regarding firearms manufacturers, and NRA-ILA was satisfied with that. Now in 2012 McMillan runs into some issues with BoA, and tries to politicize their problems, while BoA declined to comment. I really don't see a pattern here, considering the size of BoA's market share, this is like drop in a sea.
     
  5. BSG 75

    BSG 75 Oregon Well-Known Member

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  6. fd15k

    fd15k Tigard,OR Well-Known Member

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    Obama ? :laugh:
     
  7. biggie24420

    biggie24420 Beaverton Oregon Well-Known Member

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    Mcllan Group International should start banking locally and give B of A the finger.
     
  8. Akathepriest

    Akathepriest Astoria, OR Active Member

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    I work for those scum... I take care of their foreclosed homes and I have to deal with them constantly trying to rip me off...
     
  9. JimmyS1985

    JimmyS1985 St.Louis Active Member

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    I went to Occupy St. Louis and found from the people there that one way of protesting the banks is when you get your credit card bill in the mail, they have a pre-paid envelope. So what you do is if you send it with nothing inside of it, it costs the bank $.25 for the pre-paid envelope. But if you put a roofing shingle in it, it costs the banks like $3, since the pre-paid envelopes price is determined by weight. So one way of showing my disgust with the banks is I send them roofing shingles in their pre-paid envelope.
     
  10. FourTeeFive

    FourTeeFive PNW Washington State Active Member

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    The funny part of all of this is B of A acting like they actually have morals or a conscience, however skewed it may be. If you've ever dealt with trying to get any help from them this concept is laughable.
     
  11. fd15k

    fd15k Tigard,OR Well-Known Member

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    Right. But not to worry, they will just offset those costs to the customers. I've banked in a number of countries other than US before, and I've seen that it can be way worse.
    But I guess once the people are spoiled, they won't appreciate what they have until it gets worse.
     
  12. iomatic

    iomatic Portland Member

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    Pick a local bank and keep your money there.
     
  13. fd15k

    fd15k Tigard,OR Well-Known Member

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    And never ever leave your state and/or city. Never buy online. And so on :laugh:
     
  14. iomatic

    iomatic Portland Member

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    Extremism is fun!
     
  15. Scott

    Scott Battle Ground Well-Known Member

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    They only survive because of us the people, gun owners and the non as well.

    I wished banks never would have been saved. But they were and we all pay for it.

    Sent from my Desire HD using Tapatalk 2
     
  16. iusmc2002

    iusmc2002 Colville, WA Active Member

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    Why would you not be able to leave you state, yadda yadda yadda? I had my military direct deposit sent to the same credit union I've banked at since I got my first bank account, and could get money in Japan, Republic of Georgia, Afghanistan, Iraq, Spain, Bahrain, Senegal, Peru, Ecuador, Columbia, Panama, to name a few places. What's your point? :laugh: :huh:
     
  17. fd15k

    fd15k Tigard,OR Well-Known Member

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    Well, while my point is actually not fully correct, it was meant to point out that there are many ways how one's money can go through "evil" banking institutions besides one being a bank customer. How do you think your money was being directly deposited from the US Government to your local credit union ? How did your money get to other countries when you accessed it there ? Two words - Correspondent banks.