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Boycott Bank of America

Discussion in 'Activism' started by Buckeye Dan, Apr 20, 2012.

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  1. Buckeye Dan

    Buckeye Dan Member

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    McMillan Fiberglass Stocks, McMillan Firearms Manufacturing, McMillan Group International have been collectively banking with Bank of America for 12 years. Today Mr. XXX YYY, Senior Vice President, Market Manager, Business Banking, Global Commercial Banking came to my office. He scheduled the meeting as an “account analysis” meeting in order to evaluate the two lines of credit we have with them. He spent 5 minutes talking about how McMillan has changed in the last 5 years and have become more of a firearms manufacturer than a supplier of accessories.
    At this point I interrupted him and asked “Can I possible 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 what my business.”
    “That is correct” he says.
    I replied “That is okay, we will move our accounts as soon as possible. We can find a 2nd Amendment friendly bank that will be glad to have our business. You won’t mind if I tell the NRA, SCI and everyone one I know that BofA is not firearms industry friendly?”
    “You have to do what you must” he said.
    “So you are telling me this is a politically motivated decision, is that right?”
    Mr YYY confirmed that it was. At which point I told him that the meeting was over and there was nothing let for him to say.

    I think it is import for all Americans who believe in and support our 2nd amendment right to keep and bear arms should know when a business does not support these rights. What you do with that knowledge is up to you. When I don’t agree with a business’ political position I can not in good conscience support them. We will soon no longer be accepting Bank of America credit cards as payment for our products.

    Kelly D McMillan
    Director of Operations
    McMillan Group International, LLC
    623-582-9635
    www.mcmillanusa.com

    Source: https://www.facebook.com/McMillanGroupInternational
     
    Last edited by a moderator: Apr 20, 2012
  2. 2zulu1

    2zulu1 Member

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    Post forwarded.
     
  3. rswartsell

    rswartsell Member

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    Man, this is only one good reason to avoid BOA like the plague. There are others.
     
  4. Rich-D

    Rich-D Member

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    Agreed, post forwarded!
     
  5. OldMac

    OldMac Member

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    Bank of America is not very American

    This is reason enough for me to avoid them at all cost. The 2nd Ammendment is one of the criical foundations of America. BoA should surrender the name and adopt a more appropriate and less misleading title since they have given up any loyalty to the constitution. Just after the bank bailouts, our congressmen, jimmy duncan jr, reported that BoA recieved $40B in the first installment and immediately moved $7.5B to the China Development Corp instead of reinvesting the fund in the USA.
     
  6. rswartsell

    rswartsell Member

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    They are snakes of the lowest order, believe me.
     
  7. TarDevil

    TarDevil Member

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    Wish I could boycott them...but I have avoided them for years, and always will.
     
  8. horsemen61

    horsemen61 Member

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    Bank of America I'm done with

    So I am closing my accounts with them after hearing this
     
  9. loose noose

    loose noose Member

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    I had a Bass Pro Shops Master card that was from BOA which I cancelled as soon as I saw who I was making payments to. They called and wanted to know why I was cancelling them. Needless to say I told them in no uncertain terms.:fire:
     
  10. CharlieDeltaJuliet

    CharlieDeltaJuliet Member

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    Called and cancelled my credit card with them, made sure to go into detail why. Corperate dogs...
     
  11. Teachu2

    Teachu2 Member

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    It would be interesting to find out if BofA makes loans etc to local gun shops, ranges, sporting goods retailers who sell guns, etc. It may be that they have determined that the gun MANUFACTURING industry in the U.S. is too risky to invest shareholders' money in. Entirely different than being anti-gun, it would be a responsible decision for a bank to make. When large banks make such decisions, they are usually no exceptions.

    Might as well boycott WalMart - they won't notice, either. Too bad McMillan is taking a business decision personally and denying customers the right to choose how they pay for McMillan products. I have a rather high limit BofA card that I purchase firearms and related products with (and pay off monthly) that I won't be able to use with McMillan. Strange that BofA allows me to keep that account - I've been buying a lot of gun stuff lately.

    The Second Amendment doesn't guarantee gun manufacturers financing, nor does it even address gun manufacturers. It gives the people the right to keep and bear arms.
     
  12. dprice3844444

    dprice3844444 member

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    se fla i love claymores 01/sot
    send to nra
     
  13. bowman1962

    bowman1962 Member

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    Comment withdrawn!
     
  14. Tomcat47

    Tomcat47 Member

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    Bank of America......The new Oxy-Moron!...........:scrutiny:

    Hopefully we will have a lot of vacant buildings in the future for gun shops!
     
  15. bubbacrabb

    bubbacrabb Member

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    I understand your frustration, but I am not going to close my account because of this. There are simply so many factors that wouldnt matter if every gun owner closed their account it wouldnt matter. Its just another bad thing that happened to a business. I know your business and lived about 2 miles from it. I couldnt afford to get anything done at your business. Not that it matters. Just saying you'll do fine with the market of people you appeal to. Just as me getting money out of my account with no charge appeals to me. Banks dont have a whole lot to do with the 2nd amendment. The second amendment includes weapons and the right to keep them. Neither has to do with my checking account. Find a better bank.
     
  16. Manson

    Manson Member

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    I have always disliked boa so I can't stop doing business with them.
     
  17. mec

    mec Member

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    these boycotts do make a difference-at least on paper. BOAs stocks have taken a big hit recently-due, in part to their issuance of credit cards to illegal aliens. No doubt their overall lefty-feelgood ambiance has had something to do with it too. Green This, Volunteer That, Social This, That and The Other. They hardly have time to manage money.
    On the other hand, it appears that they are totally underwritten by the united states government via the democratic party so, until those things go away, it may not really matter what they do.
     
  18. 4v50 Gary

    4v50 Gary Moderator Staff Member

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    I have always disliked BoA. This just gives me another reason to avoid them.
     
  19. KTXdm9

    KTXdm9 Member

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    Wow, that's disappointing.
     
  20. Double Naught Spy

    Double Naught Spy Sus Venator

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    Other than my own, I know of no business that supports all of my rights. I think that most of you will find that if you look into nearly ever corporate business, most will have some aspect of their business that is not supportive of the 2nd amendment. Maybe they are okay with custoemers carrying, but not employees.

    How would you know if such a boycott was actually working against BOA? As near as I can tell from Google, there are upwards of 15 different boycotts of BOA and at least 6 different organizations fixated on boycotting BOA.

    I am not sure what the big hit BOA stocks took as a result of any of the boycotts, especially the one as a result of the illegal alien issue. In the last 200 days, BAC has followed the DOW's trends fairly closely. When one is up, so is the other and vice versa. It is also interesting that you noted the stocks took a hit because of the alien issue when there have been protests against BOA since 2007 when their program was made public. Stock analysts have been much slower than you in identifying such a connection in stock price to the illegal alien credit card boycott issue.

    I have also noticed how all the boycotts of Anti-gun Apple have really driven the prices down to record highs of late.

    Given the dozen+ or dozens of boycotts against such companies, you would be hard pressed to be able to identify the effect of any one boycott on stock price.
     
  21. bikerdoc

    bikerdoc Moderator Staff Member

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    Duly noted and forwarded to an extensive list of folks.
     
  22. Boanerges57

    Boanerges57 Member

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    JP Morgan Chase
    Allows its employees in bank branches to concealed carry if the state allows and they are properly certified.
    Very few employees do carry but they are allowed to at least.
     
  23. mec

    mec Member

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  24. Hacker15E

    Hacker15E Member

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    Despite that article being 8 months old, the fact of the matter is that ALL of the banks stocks have been doing poorly during this period, including now.

    To think that a single bank's performance is poor due to an aggregate of user boycotts, when in an environment where all of the financial institutions are doing poorly, is just not realistic logic.
     
  25. Manson

    Manson Member

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    It sounds like some members are attempting to discourage boycott's and account closing. Saying it will make no difference. No one actually advises us not to close an account but attempt to dissuade us by claiming no effect. Myself I vote with my wallet. And will continue to do so.

    Recently there was a small revolt against banks who decided to charge a monthly fee for debit card use. I went to the window and asked to close my account. The teller sent me to the manager and she told me that her branch was being closed BECAUSE OF THE NUMBER OF ACCOUNT CLOSURES. One less Regions bank in town.

    So whatever you believe, vote with your wallet. It counts and don't let anyone tell you differently.
     
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