“The power under the constitution will always be in the people. It is entrusted for certain defined purposes, and for a certain limited period, to representatives of their own choosing; and whenever it is executed contrary to their interest, or not agreeable to their wishes, their servants can and undoubtedly will, be recalled.”

~ George Washington (1787)

Friday, April 20, 2012

BoA Politically Biased?

 From Legal Insurrection:
Sniper rifle manufacturer alleges political bias by Bank of America

McMillan International and its affiliates, based in Arizona, manufacture a variety of rifles and accessories, including highly regarding sniper rifles.

A reader called to my attention a Facebook post by McMillan alleging that Bank of America terminated its lending relationship for political reasons based on McMillan’s involvement with firearms manufacturing.  The post is generating plenty of buzz at gun owner forums and Reddit.
There's more at the link,  including this:
 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 want my business.”

“That is correct” he says
 While the Bank of America is free to do business with whom it wishes, the manner in which in this decision was communicated (and no doubt made) is very disturbing, as is the reason for the decision.  Taking this logic, when will Bank Of America shut down any lines of credit for, say, automobile manufacturers, because they don't like cars?

The anti-gun bias is crystal clear, making this an  attack on our Constitutional rights.  When might BoA (or other financial institutions) start pressuring their customers not to use their other rights? 

There's more to come on this, I'm sure.

UPDATE:  Consider the fact that the firearms industry  is leading what little economic recovery we have.  In that light, this move by BoA makes even less sense.