Bank of America freezes gun manufacture's deposits bcuz they don't like guns (Read 4919 times)

sic_semper_tyrannis

http://tinyurl.com/b3dzs73

Can you believe these assholes? These are the same fuckheads that had no qualms about taking tax payer money to bail their asses out, but when we the people CHOOSE to purchase what is guaranteed in the bill of rights, they all of a sudden become indignant.

I say fuck Bank of America!
Quote
On December 29, 2011, Joseph P Sirochman, the owner of American Spirit Arms posted this on Facebook, via Ironic Surrealism.

    All,
    My name is Joe Sirochman owner of American Spirit Arms and I wanted to share my recent experience with Bank of America .(which we have been doing business with for over 10 years)…. Everyone is familiar with the latest increase in guns sales , dealers selling out of inventory , 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 . So they decided to hold the deposits for further review , meaning that the orders/payments that were coming in through the web ,( being paid by the customer and that were shipped out by American Spirit Arms ),the BANK was keeping (UNDER REVIEW )..as you could imagine this made me furious…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 “

    …I flipped the F**k Out and told them that they have no right to make up their own new rules and regs..that we are a firearms Manufacturer with all the proper licensing FFL (Federal Firearm license ), SOT and that we follow all Federal and All States’ rules and regulations on shipping Firearms and parts ..and that we are also Audited by ATF and Homeland
    Security on a regular basis … She said that she understands that but that the deposits will be released After they have a chance to review and clear them …I told her that This was unacceptable and the those deposits (that were a week old by now ) needed to be released ASAP, that we are a small business and rely on the revenue to run and stay operational.

    After that being said another Manager got involved and released one of the deposits (to help out )… So far to date after
    Two weeks of sales only 1/3 of collected internet sales have been released ..I am still pissed and looking for another
    Bank and options …
    I just thought the public should know ..

    I will keep everyone posted on new developments ..

    Sincerely

    Joseph P Sirochman
    American Spirit Arms
    16001 N Greenway Hayden Loop
    Suite B
    Scottsdale AZ 85260
    480-367-9540 phone
    480-367-9541 fax

dirsh

Amex cut ALL of my limits after I bought a bunch of mags recently.
ΜΟΛΩΝ ΛΑΒΕ
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ren

would paying off a mortgage hurt them?
Deeds Not Words

Inspector

I was with BofA for over 10 years back in the 70's and 80's. I had numerous problems with them and eventually dumped them for another POS bank. Which BTW is no longer in business. While I don't hold a grudge with them for what they did to me because I made them give me back all the money they stole from me before I left. But I lost a lot of information from the next bank that really hurt me during tax time. But again water under the bridge.

I have a mortgage with BofA which I would love to pay off just so they can't make any more money off of me. Unfortunately no one has a choice in who buys up their home mortgage.
SCIENCE THAT CAN’T BE QUESTIONED IS PROPAGANDA!!!

SpeedTek

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They almost foreclosed on me with no justification.  Talk about stress. Getting evicted from a home because youre not worthy basically. Luckily i was able to reach someone with some sense in them.  I hear today people who got terminated are getting $2200 back from the lawsuit. That aint worth crap!

I heard the owner of ASA tell his story on the radio today. That sucks.
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hvybarrels

this might explain why I had an online purchase refuse to go through on my hawaiian miles card today. it's all good cause my permit expired anyway and I don't intent to stand in line until it's inside the door again. thanks to the Too Big to Fail fellahs for looking out for my best interests!
I’m becoming clinically undepressed and thinking about beginning it all.

mln41

hvybarrels  - the line was inside the door this afternoon.    :D   

BOA  -  I wouldn't be surprised if they close their doors.  They have so many houses they are foreclosing on and their stock dropped big time.   couldn't happen to a nicer company. 
King James Bible (Cambridge Ed.) Psalm 23:4
Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.

sirkaiks

Bank of America freezes gun manufacture's deposits bcuz they don't like guns
« Reply #7 on: January 10, 2013, 09:18:30 PM »
the other day i tried to use my hawaiian miles to buy my 10/22 from SA and it kept declining... i owe $0.00 on that biatch... they should change their name.

mln41

yea  they should change it to Bank of N Korea  :crazy:
King James Bible (Cambridge Ed.) Psalm 23:4
Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.

TeamSDSHawaii

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I have also heard they (BOA) cut credit to a local gun dealer just because of what he sold...


I never use em'... Screw the big banks...We use Credit Unions when ever possible! :thumbsup: Most Credit Unions actually care for their members.... :shaka:

Try a local credit union whenever possible... It's like Norm walking into Cheers... They know your name!