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Article posted Jan 09 2013, 6:15 AM Category: Commentary Source: Will Grigg Print

The Criminal Syndicate Called "Bank of America"

by Will Grigg

Joe Sirochman is owner of American Spirit Arms, which – like most firearms companies – has seen business dramatically increase as a result of the Obama administration’s ramped-up campaign for civilian disarmament.

Over the past two months, the company has seen web-based orders jump by 500 percent, which led to a higher volume of electronic deposits to its account at Bank of America. Sirochman was puzzled when the bank informed him that the account would be frozen for further review. When he contacted the bank, a manager informed him: “We believe you should not be selling guns and parts on the internet.”

Bank of America is one of the most extravagantly corrupt institutions in an industry that has distinguished itself for un-tempered greed and insouciant lawlessness. It was a leader in the criminal practice called “robo-signing,” in which it hired outside consultants of dubious expertise and even more dubious ethics to process foreclosures. This involved the production of fraudulent legal documents that were used to throw people out of their homes. BOA is also notorious for enlisting aggressive collection agencies to pursue long-settled or entirely bogus debts.

Bank of America has no moral standing to criticize honest businessmen, and no legal right to interfere with their transactions.

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Comments Add Comment Page 1 of 1

Posted: Jan 09 2013, 10:16 AM

I agree with this post completely. As an employee of BoA, I find many things in their policies and how they treat customers overall as disgusting and demeaning to these people. While I can't discuss anything directly with the contracts they have us sign, I can say while BoA 'follows' federal regulations when dealing with mortgages and such, they toe the line so much and do their best to set people up for failure in their home loans and otherwise.

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