Gun control

[jonriv]

While I agree that B of A can do business with whoever they choose the fact that they had them as a customer for 10 years and then decided to hold their funds smells like an old outhouse.

Happens more often than you think. Generally a letter is sent out 30 days before closing(not required)-often clients throw the letter out without reading. Bank may hold funds if there is suspicious activity (Easier to hold the funds and say you are sorry than to take a loss and explain why you did not hold the funds to the regulators) Not an enjoyable part of the buisiness, but part of it.

THrough my 20+ years in the industry, have had to close out long term customers because of a policy change regarding restricted industries

BTW- politicians fall under the "restricted" account type- due to the risk of handling their funds. At times have also had Financial Institutions that would not deal with religious organizations, not due to anny aetheist bias, but because of of all the internal stealing scandals with many church accounts. (Had to deal with a Priest who stole more than $240m of parsih $$$)

[Dugout Dad]

While I agree that B of A can do business with whoever they choose the fact that they had them as a customer for 10 years and then decided to hold their funds smells like an old outhouse.

Happens more often than you think. Generally a letter is sent out 30 days before closing(not required)-often clients throw the letter out without reading. Bank may hold funds if there is suspicious activity (Easier to hold the funds and say you are sorry than to take a loss and explain why you did not hold the funds to the regulators) Not an enjoyable part of the buisiness, but part of it.

THrough my 20+ years in the industry, have had to close out long term customers because of a policy change regarding restricted industries

BTW- politicians fall under the "restricted" account type- due to the risk of handling their funds. At times have also had Financial Institutions that would not deal with religious organizations, not due to anny aetheist bias, but because of of all the internal stealing scandals with many church accounts. (Had to deal with a Priest who stole more than $240m of parsih $$$)

Sounds like this may be the best option to hold money.

[Dugout Dad]

While I agree that B of A can do business with whoever they choose the fact that they had them as a customer for 10 years and then decided to hold their funds smells like an old outhouse.

Happens more often than you think. Generally a letter is sent out 30 days before closing(not required)-often clients throw the letter out without reading. Bank may hold funds if there is suspicious activity (Easier to hold the funds and say you are sorry than to take a loss and explain why you did not hold the funds to the regulators) Not an enjoyable part of the buisiness, but part of it.

THrough my 20+ years in the industry, have had to close out long term customers because of a policy change regarding restricted industries

BTW- politicians fall under the "restricted" account type- due to the risk of handling their funds. At times have also had Financial Institutions that would not deal with religious organizations, not due to anny aetheist bias, but because of of all the internal stealing scandals with many church accounts. (Had to deal with a Priest who stole more than $240m of parsih $$$)

Any restrictions on "Green Energy" customers? Most have folded, plagued with massive fraud. Yeah, I didn't think so

[Dugout Dad]

Shhhhh.........this is a true story. But don't tell anyone this event ever happened in the U.S. - in the 40's.
http://www.youtube.com/watch?feature=player_embedded&v=U5ut6yPrObw

[jonriv]

While I agree that B of A can do business with whoever they choose the fact that they had them as a customer for 10 years and then decided to hold their funds smells like an old outhouse.

Happens more often than you think. Generally a letter is sent out 30 days before closing(not required)-often clients throw the letter out without reading. Bank may hold funds if there is suspicious activity (Easier to hold the funds and say you are sorry than to take a loss and explain why you did not hold the funds to the regulators) Not an enjoyable part of the buisiness, but part of it.

THrough my 20+ years in the industry, have had to close out long term customers because of a policy change regarding restricted industries

BTW- politicians fall under the "restricted" account type- due to the risk of handling their funds. At times have also had Financial Institutions that would not deal with religious organizations, not due to anny aetheist bias, but because of of all the internal stealing scandals with many church accounts. (Had to deal with a Priest who stole more than $240m of parsih $$$)

Any restrictions on "Green Energy" customers? Most have folded, plagued with massive fraud. Yeah, I didn't think so

Generally that is venture capital-which the commercial banks do not do. However, with the balance sheets most have-doubt they would get any lending(that's why the Government is involved)

[Dugout Dad]

Member of Biden's Gun Control Task Force Has a Son Convicted of Planning School Mass Murder

http://townhall.com/tipsheet/katiepavlich/2013/01/07/son-of-biden-gun-control-task-force-member-convicted-of-conspiracy-to-commit-school-massacre-n1483006


This guy can't prevent his own idiot kid from doing it how the hell he is going to prevent strangers from doing it???

[Dugout Dad]

Yeah, this is about right.....

[Dugout Dad]

There will be no great gun confiscation-
.

Just watch - we don't know what the executive order will be.......

http://www.weeklystandard.com/blogs/biden-obama-might-use-executive-order-deal-guns_694984.html

[jonriv]

Ironically the ACLU might come to the gun owners rescue then

[DonnieS]

Ironically the ACLU might come to the gun owners rescue then

It might be a matter of who is rescuing whom.