Bailed-out Bank of America strikes again

"Higher Standards?" They're $#!++ing us, right?

“Higher Standards?” They’re $#!++ing us, right?

Bank of America, the recipient of over 100 billion in taxpayer handouts and guarantees, knows it owes the Administration its very corporate existence, and when the Administration declares guns and those that make and use them hostis humani generis, the Bank is quick to join the attack, even if it means attacking their own customers:

“Our internet sales started to increase. The deposits really spiked. We basically got five times our normal deposit was coming from our e-commerce site,” recalled [Joe] Sirochman. [Head of American Sprirt Arms - Ed.]

However, the CEO and owner of the company said he quickly noticed deposits were not showing up in his company’s accounts, so he called Bank of America, with which he had been doing business with for about a decade.

“Bank of America decided to put those deposits under review. We are a small business sand we rely on those deposits, but the review was only supposed to be 48 hours – 48 hours started to turn into two weeks. (Those holds were) not good for a small business that needs the cash flow to actually run its own business,” said Sirochman.

Sirochman called the bank’s Merchant Services Department and was eventually connected to a manager. Sirochman said she told him “We believe you shouldn’t be selling guns and parts on the internet.”

He posted the ordeal on his company’s Facebook page, and after the post went viral, Sirochman said Bank of America released the funds. He says he believes the bank did not want to support a company with a controversial product.

“(Bank of America held the funds) because we are a firearms manufacturer, and that is in the political spotlight and they had a chance to slow us down,” Sirochman said.

via Valley gun manufacturer: BOA froze funds over product – CBS 5 – KPHO.

Now, the bank’s actions with respect to the Scottsdale, Arizona company might be an honest reaction to the sales explosion that everyone in the gun world has been watching since the bansters amped themselves up. “Hey, this account is acting screwy, let’s freeze it and call the guy.” We’ve heard of their security department doing just that, when they think an account has been hacked or stolen. But in the past, the account’s always been freed once doubts about the authenticity of the transactions are raised.

Except for two things: they never called the guy, and the BOA Merchant Services Department manager told him they did it because they are against guns, period. BOA has never, ever contested these two claims by Mr Sirochman.

Still that’s only two times BOA employees have attacked gun owners / gun businesses that we know of. Some people would require a third instance to face the fact that it’s an anti-gun bank that does not want or value your business. 

Us, we just closed our Bank of America checking account. That’s what Joe Sirochman did, too. It’s not like BOA needs any more of our money. We already give to them every April 15.