Bank of America, Wells Fargo, JP Morgan Chase, Citibank
What do these four banks have in common? Besides being “too big to fail” they also are too arrogant to actually give a damn about their customers.
If you love your 2nd Amendment rights and still do business with these 4 banks then your money is being used against you with monetary terrorism.
According to MagnifyMoney, which analyzed complaints made to the Consumer Financial Protection Bureau (CFPB),these banks are the top offenders in…well…offending their clientele. From predatory lending to misleading fine print and outright theft due to improper foreclosures, these banks have time and again gulled, cullied and diddled the American people out of billions of dollars.
The response from McMillan Group:
In response to Bank of America’s public statement:
The statement we [McMillan] posted was an accurate account of the events that transpired late last week. McMillan Group has been in good standing with B of A and a loyal customer for the past 12 years. We were told that we must finalize all of our accounts because we manufacture firearms.
McMillan cannot speak for Bank of America’s company wide policies, but we can speak out about our personal experiences.
We [McMillan] kindly suggest that if Corporate Bank of America has no policy against conducting business with firearms manufactures, then they should communicate these policies with their regional Vice Presidents and other management.
Oddly enough, BoA did not seem to eager to try and work with their longstanding customer and had hoped that people would simply forget.
Then they go ahead and do it again. But this time it was worse as BoA tried to bankrupt a gun company.
During the Christmas season of 2012, when guns are often purchased as Christmas and other Holiday Gifts, the sales from American Spirit Arms went up. In response to this Bank of America FROZE Spirit Arms accounts for THREE WEEKS starting on December 18th. For nearly a month American Spirit Arms could not access that money and the financial impact nearly sent them under at a time when they should have been the most profitable.
When Joseph Sirochman, owner of American Spirit Arms, contacted BoA he was told by a manager at the bank that the accounts and deposits would be held under “further review” and that, as a policy “we believe you should not be selling gun and parts on the internet.”
I don’t know about you but I don’t think that Bank of America should be allowed to use the word America in their name as their actions are about as un-American as they come.
Wells Fargo is the second most complained about bank. As you can imagine from a bank that calls San Francisco home, they too hold a vile disdain for freedom and the 2nd Amendment.
BMADDOX Enterprises of Sioux Falls, South Dakota, one of the largest class III dealers in the country was looking to expand its business by purchasing another building. After the owner of BMADDOX LLC, Brandon Maddox, went to Wells Fargo for assistance the following event would play out:
Vice President of Business Banking at Wells Fargo, called Friday Nov 2nd to alert Mr. Maddox, owner of BMADDOX ENTERPRISES, that Wells Fargo would not extend business credit or loans to any firearms related business, period. “Your credit is impeccable and your business model is sound, but our corporate legal department will not allow us to extend credit to any business related to firearms. We understand you are fully licensed under federal and state law, although…the corporate directive is still no.”
Once again, when corporate directives are being made in San Francisco, should this stance really surprise anyone?
Chase bank, while being the third most complained apparently strives to be like BoA and Wells and has also followed a policy of trying to bankrupt their own clients. This time the manufacturer was Nordic Components yet Chase put a twist on the script and used an in-between as a fall guy. Namely Intuit Merchant Services which uses Chase as a gateway. The following was posted on the Nordic Components website at the time of the aforementioned incident:
NOTICE: We are unable to process credit card transactions at this time. Intuit Merchant Services has told us that they will NOT process anymore transactions and may put a freeze our accounts because we sell firearms related products. I was told that they are backed by Chase Banks. DO NOT conduct business with these financial institutions if you care about the Constitution of the United States, the Second Amendment or your RIGHTS as a firearms owner. We, as firearms owners, are under attack. I wonder how many of these anti-gun banks received Bail-out money from the current administration?
We are working on getting set up with a firearm friendly processor and hope to be back on line to serve you quickly. Thank You for understanding.
Finally, not to be forgotten is Citibank…good old New York City based Citibank. They’ve had a rather vocal policy on denying gun businesses opportunities to do business with them. This was stated fact when the Nevada Pistol Academy had their accounts forcibly closed.
Citibank spokesman Mark Rodgers publicly stated:
“Citibank’s consumer business has a longstanding policy of not engaging in financial relationships with businesses that manufacture or sell military weapons, military munitions or firearms. In keeping with this policy, the account in question should not have been opened. The customer was notified that we would close the account because it was not in compliance with that policy.”
As a gun owner, as a lover of freedom and as an American, I make sure to avoid companies such as these because I refuse to be complicit in my own subjugation. If we feed our would be oppressors with the funds they need in order to grow “too big to fail” then we are complicit in our own tyranny.
And if enough banks or insurance companies or property owners are pressured by gun control lap dogs of the Obama administration, or George Soros, or Michael Bloomberg, they they can make it very difficult for the businesses that help provide the arms that we have a right to bear in the first place.
Then again…maybe that is exactly the point.
Meet Four Business Owners Squeezed by Operation Choke Point
With no explanation, Brian Brookman last month lost the bank account for his pawn shop.
He had no idea why. Brookman says his store in Grand Haven, Mich., never had been in trouble with federal or state officials. And being in the pawn industry, he was required by law to get a city license every year.
“If there was ever a problem, they wouldn’t renew my license,” Brookman, a former police officer and Army veteran, told The Daily Signal.
After researching his case on the Internet, Brookman says he concluded that his banker, JP Morgan Chase, closed the account because two of his business activities — dealing in vintage coins and selling firearms — were labeled “high risk” by federal bureaucrats as part of an Obama administration initiative called Operation Choke Point.
Critics say Operation Choke Point, so dubbed by Department of Justice officials, seeks to weed out businesses that the White House considers objectionable.
The Justice Department contends the goal of the program is to combat unlawful mass-market consumer fraud, although recent evidence suggests otherwise.
A House report indicates that a primary target of Operation Choke Point is the short-term lending industry. A more expansive list of out of favor, non-financial businesses includes certain ammunition merchants, coin dealers, home-based charities, and sellers of pharmaceutical drugs – also lawful enterprises.
Alden Abbott, the Rumpel senior legal fellow at The Heritage Foundation, describes how Operation Choke Point works: Banks receive notifications from federal regulators, including the Federal Deposit Insurance Corporation (the agency responsible for insuring bank deposits), that the government considers certain types of businesses “high risk.” Banks then are pressured, though the implied threat of government investigations, to sever ties with customers engaged in those enterprises.
This puts business owners such as Brookman in jeopardy of losing their livelihoods without ever being prosecuted for doing anything illegal. Abbott said:
Government officials have no authority to deny lawful industries access to credit merely because the government dislikes their line of business. That runs counter to the rule of law. Only unlawful activity merits sanction.
Though they consider themselves in peril of losing customers and coming under further government scrutiny, Brookman and three other owners of small businesses spoke with The Daily Signal about being caught up in Operation Choke Point. One is a cancer survivor, one used to run a manufacturing company, and one is an Air Force veteran who moved back to his hometown to open a store.
Each previously came forward through the United States Consumer Coalition, a grassroots, free-market organization that encourages business owners to share their stories.
Where Did All The Money Go?
So it appears to be common knowledge to both the political class and the intelligentsia that the government has no money to spare. So it was a surprise to see McPaper, USA Today, reporting on a rather startling discovery (not startling at all) by USASpending.gov that our government actually does “waste” money. The site was set up, intending to make federal spending more transparent. That’s a laugh.
Well it sure did that – so transparent, it’s invisible.
See, what the site disseminated is that the government was “missing at least $619 billion from 302 to federal programs”.
Yep, you read that right – $619 billion! And I’ll bet that number is low – way low. I bet 50% of government spending is either misused, wasted or just goes “missing”.
USA Today continues, saying that the government “data that does exist is wildly inaccurate, according to the Government Accountability Office, which looked at 2012 spending data. Only 2% to 7% of spending data on USASpending.gov is ‘fully consistent with agencies records’, according to the report.”
Wait… What?! 2 to 7% is accurate?! So in other words, virtually all, about 95% of all government spending data is at the very least “inaccurate”.
Want an example? Health and Human Services, HHS, failed to report $544 billion. How do you just not report a half a trillion dollars? Easy – because the government has become so large that it is literally unaccountable to the people.
Want some more? USA Today writes that, “The Department of Interior did not report spending for 163 of its 265 assistance programs… The result: $5.3 billion in spending is missing…”, and for least 22% of all government contracts awarded, “the spending website literally doesn’t know where the money went.”
Frankly, this is quite literally criminal – and I do mean criminal – like jail time criminal.
The Imposter in Chief aka., Barak Obama and his administration are very clever folks when it comes to deception and twisting the facts to make their argument sound reasonable. A quick examination of the White House web site regarding the U.S. Constitution and your 2nd Amendment rights are a prime example.
White House ‘should not mislead the American people as to the true nature of 2nd Amendment’
(Gunowners.org) – Dear President Obama:
As Executive Director of Gun Owners of America, Inc., and Executive Vice President of Gun Owners Foundation, and on behalf of our over 300,000 members and supporters, I respectfully bring to your attention a matter that requires your immediate action.
The official White House website includes a page1 which purports to describe key provisions of the United States Constitution. With respect to the Second Amendment, the complete description of the Second Amendment on the website is as follows:
“The Second Amendment gives citizens the right to bear arms.” [Emphasis original.]
Even recognizing that the website attempts to present only a simple summary of provisions of the Constitution, the description is highly inaccurate, and should be immediately corrected so as not to mislead the American people as to the true nature and scope of the Second Amendment. There are two separate problems with the White House website.
Correction Number 1
The Second Amendment does not “give” citizens any rights. Rather, as the U.S. Supreme Court explained in District of Columbia v. Heller, 554 U.S. 570 (2008), the Second Amendment “codifies,”2“protects,”3 and “secure[s]”4 a right — rather than “grants,” “bestows,” or “gives” one.
Correction Number 2
Additionally, the description on the White House website completely ignores the fact that the Second Amendment protects not only the right to “bear” arms but also to “keep” them.
Indeed, the U.S. Supreme Court in Heller expressly addressed the right to “keep” a handgun for self-defense within the home. In its analysis, the Supreme Court, in parsing the words of the Second Amendment, analyzed the right to “keep” separately from the right to “bear” arms. Id. at 581. These two words have specific, and different, meanings, protecting different sets of activities. One must first enjoy the right to own (“keep”) a firearm in order to protect its use (“bear”).
Gay Leaders Upset by Low CDC Population Numbers: ‘Political Influence Matters’
Gay leaders are expressing alarm at the just-released numbers from the Center for Disease Control that place the percentage of Americans identifying as homosexual at only 1.6% of the adult population. That would mean the total number of gays in American is roughly 3.8 million, roughly 1.5 million less than the total number of American Methodists. Scout, who goes by one name, a spokesman for CenterLink’s Network of LGBT Health Equity, told the Washington Post, “The truth is, numbers matter, and political influence matters.” Most Americans believe the population of gays is exponentially larger. For almost half a century, Americans believed a number produced by disgraced sex researcher Alfred Kinsey, who claimed 10% of the population was gay. In recent years, Gallup found that a majority of adults believe the percentage of gays in the population is 25%. The same poll found younger people put the figure at 30%. Ellyn Ruthstrom, president of the Bi-Sexual Resource Center in Boston, said, “It’s just going to make it harder for us when we’re going out and talking to people about the bisexual population. We have a real hard time already with people not taking the bisexual identity seriously.”
For the last 30 years the education system in America has been adopting the politically correct line of “B.S.” that the LGBT community was much larger than it is and therefore our children need to be taught to be more tolerant of them. For example at the University of Wyoming, students who work as Dormitory attendants are “REQUIRED” to spend at least one day walking around the UW campus holding hands with a member of the same sex. The exercise is supposedly designed to make them feel more sympathetic to the feelings of this very small group of students. Even in the elementary education levels kids as young as third grade are required to read books with titles like “Sarah Has Two Mommies.”
It is time for descent moral adults who are tax payers, voters, parents and contributors to their local community to wake up and take our schools back from the LGBT community and community organizers like the criminal in chief Barak Obama and his evil henchman Eric Holder. Notions like Gay marriage have grown out of the falsified data regarding how many gay people live in the USA, and I expect that after they have trashed the institution of marriage they will find another previously sacred part of American life to destroy. Or maybe legalizing pedophilia and beastiality are next, who knows. Maybe they will get these definitions re-defined so they can justify in a court of law just like they have done with family and marriage. One thing I do know is that an immoral society can not and will not survive and our children and grand children are depending on us to do what is right not what feels good to the LGBT community.
If you’re concerned about America’s growing police state, read this now
Whether it’s the working mother arrested for letting her 9-year-old play unsupervised at a playground, the teenager forced to have his genitals photographed by police, the underage burglar sentenced to 23 years for shooting a retired police dog, or the 43-year-old man put in a chokehold by NYPD officers allegedly over the sale of untaxed cigarettes, the theater of the absurd that passes for life in the American police state grows more tragic and incomprehensible by the day.
Debra Harrell, a 46-year-old South Carolina working mother, was arrested, charged with abandonment and had her child placed in state custody after allowing the 9-year-old to spend unsupervised time at a neighborhood playground while the mom worked a shift at McDonald’s.
A Connecticut mother was charged with leaving her 11-year-old daughter in the car unsupervised while she ran inside a store—despite the fact that the child asked to stay in the car and was not overheated or in distress. A few states away, a New Jersey man was arrested and charged with endangering the welfare of his children after leaving them in a car parked in a police station parking lot, windows rolled down, while he ran inside to pay a ticket.
A Virginia teenager, charged with violating the state’s sexting law after exchanging sexually provocative videos with his girlfriend, was issued a search warrant to “medically induce an erection” in him so police could photograph his erect penis and compare it to the images sent in the sexting exchange.
In Georgia, a toddler had his face severely burned when a flash bang grenade, launched by a SWAT team during the course of a no-knock warrant, landed in his portable crib, detonating on his pillow.
Also in Georgia, a police officer shot and killed a 17-year-old boy who answered the door, reportedly with a Nintendo Wii controller in his hands.
Now we can shrug these incidents off as isolated injustices happening to “other” people.
We can rationalize them away by suggesting that these people “must” have done something to warrant such treatment.
Or we can acknowledge that this slide into totalitarianism – helped along by over criminalization, government surveillance, militarized police, neighbors turning in neighbors, privatized prisons, and forced labor camps, to name just a few similarities – is tracking very closely with what we saw happening in Germany in the years leading up to Hitler’s rise to power.
When all is said and done, what these incidents reflect is a society that has become so bureaucratic, so legalistic, so politically correct, so militaristic, so locked down, so self-righteous, and so willing to march in lockstep with the corporate-minded police state that any deviations from the norm – especially those that offend the sensibilities of the “government-knows-best” nanny state or challenge the powers that be – become grist for prosecution, persecution and endless tribulations for the poor souls who are caught in the crosshairs.
Then there are the incidents, less colorful perhaps but no less offensive to the sensibilities of any freedom-loving