Friday, April 20, 2012

Bank of (Blue) America

Bank of America cancels lines of credit to a gun manufacturer because it's...a gun manufacturer.

9 comments:

Yojimbo said...

BofA has become a wholly owned subsidiary of the politcal class but not really of their own choice.
Remember they were the big target in the subprime housing market and then the Merrill Lynch fiasco.

Just remember this when a lefty tells you you are nuts for calling them socialists because they have not nationalized these industries. Yes they have. Because of the power of regulation and oversight these banks will do exactly what they are told.

JeffS said...

Considering that the firearms industry is leading the economic industry, this move is really suspicious.

I'm glad I moved my home mortgage out of BoA. I've never liked that company. This merely underscores my concerns.

JeffS said...

Yojimbo, BoA was leaning left even before Porkulous. They are open to giving credit to illegal immigrants, for example. And have been for a long time.

RebeccaH said...

Now I truly understand that old saw, cutting off your nose to spite your face.

Anonymous said...

Deborah Leigh said...Typical Lefty nonsense. It's like saying, 'I can't pull the trigger, but I can pass the ammo.' Well, it's a good thing that this company jinally found out what so many of us have known for a long time.

Good day, sir! I said, Good day! Now show yourself out.

Paco, it would be nice to see JP handle BofA. (hint, not so subtle hint)

Paco said...

Deb: That's a good idea!

RebeccaH said...

Deborah, you and I can hunker down under the ramparts and pass the ammunition.

rinardman said...

It's good to know who your friends are(n't)!

Anonymous said...

Gun manufacturers own fault for not moving their business elsewhere sooner. But I'm sure there's another bank out there who will be glad to have their account.