Bank of America to stop lending

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I remember reading that Bank of America was actually started as Bank of Italy in the early 1900s loaning out and handling the funds of immigrants in california as they started their new lives stateside. As it grew they changed the name to add "America" to it for marketing purposes and finally dropped it after another merger.
 
They are anyway not a very good bank and haven't been for years. When I was an accountant I saw them do things that would make your hair stand on end. These days are no better, in banking the folks who recently bought my house here they made numerous errors which eventually resulted in the closing being delayed by some three weeks. If my broker hadn't been all over them the transaction would probably still be open LOL.

If there is not already a bank that has made clear that they support the firearms industry, we need to start one. I can tell you, in Los Angeles in the first half of the 20th century, nobody would bank the garment industry... so the community whose members comprised most of the industry stepped up and formed Union Bank. My family were among them and we had stock right up until they were bought out by I forget which international bank many years later.
 
Some things need to be explained. They want to jump on the anti gun bandwagon to stop deaths. Ok how many other companies do the deal with that are hazardous to people. Second how is it leagle to offer banking to undocumented ileagles but hold leagle citizens to a higher standard?? Somethings not right.
 
One other thing I heard about BofA. They also will issue credit cards and open bank accounts to ileagles without SSNs! How many transactions do we citizens have to provide a SSN or get denied?? Read

https://www.google.com/search?q=ban...rants&ie=utf-8&oe=utf-8&client=firefox-b-1-ab
Originally banks in California started opening accounts for illegals using the matricula consular (an identification document issued by the Mexican government) as ID. Then the IRS started giving out ITIN's (individual taxpayer identification numbers) to illegals and the banks used those.
 
Scooter22 wrote:
Bank of America to stop lending

Largely symbolic.

Even as the Federal Reserve tries to pull back on "quantitative easing", the markets are awash in cash and it shouldn't be very difficult for any firearms company to find a new source of financing.
 
Largely symbolic.

Even as the Federal Reserve tries to pull back on "quantitative easing", the markets are awash in cash and it shouldn't be very difficult for any firearms company to find a new source of financing.

Yeah well Citi Bank has also gone anti gun so thats 2 of the biggest lenders. I see anti movement in the major banks.
 
The funny thing is BoA is one the Remington outdoor company (ROC) creditors. I believe they are now part owners due the bankruptcy. So, by default, they own Bushmaster and DPMS. How does that work?
 
The article said they pulled out of the Remington deal.

I guess I missed that particular part of the article. The link goes to a Google search. Maybe it was a different article than the three I read. Another article said Wells Fargo has no plans to stop at this time. Maybe they are already taking up the slack?

At the same time this could be really bad for ROC. Who would assume the debt that is already owed to BOA?
 
The closest bank to my house is (you guessed it...) B of A... Having had two mortgages with them (finally all paid off...) and had our share of difficulties with them over the years - you can bet the following statement is sincere....


"That's okay - I don't think much of them either...."
 
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