The Daley Gator pointed us to recent events surrounding a local firearms business, American Spirit Arms. They’ve been producing AR15 rifles and parts (in Arizona) for some years now, with good success, largely due to their customer service and attention to detail.
Recently, Bank of America ((in)famous for giving bank accounts to illegal aliens) decided to freeze this legally licensed manufacturer’s funds as they were engaged in the wholly legal business of making and selling guns and gun parts.
They did so, because they mistakenly assumed that ASA were selling guns illegally over the Internet!
Go and read about the whole sordid affair.
I’m already thankful I don’t do my banking there. (Although my C.U. does cater to illegal aliens, too.)
FTC: American Spirit Arms gave me nothing for mentioning them. I did once own some of their products.
So, at what point does the manufacturer sue the BoA for “mistakenly assuming” illegal sales on the customer’s part? Much fail there is, in this.
Posted by Rev. Paul | January 7, 2013, 1:41 pmI was thinking the same thing.
AND, you kinda sound Yoda-esque!
Posted by guffaw1952 | January 7, 2013, 3:55 pmI hate BofA and when one of my credit-accounts was bought out by them, I closed it and switched to another bank.
I refuse to deal with them directly.
Posted by NotClauswitz | January 7, 2013, 2:47 pmNever was a big fan of BOFA, and it’s only gotten worse…
Posted by guffaw1952 | January 7, 2013, 3:56 pm