It appears that Bank of America recently told a prominent maker of gunstocks and related stuff that has now branched out into making guns, that
they didn't want their business because of this:
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.”
“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.
That goes both ways. It's not like Bank of America is the only game in town.
Given B Of A's history of shafting customers and their role in the mortgage crises I wouldn't do business with them already, but this is certainly an additional reason!
ReplyDeleteI am not a big fan of Bank of America but a little caution may be in order here as people sometimes are not 100% truthful about why a bank no longer wants their business.
ReplyDeleteThe Obama Campaign volunteers over at Snopes have an artfully worded non-denial denial from a Bank of America spokeswoman.
ReplyDelete