Obama’s Bank Starts Constitutional End Run
January 9, 2013 by Bob Livingston
The Constitutional end run has begun. For the second time this year, President Barack Obama’s bank is freezing the accounts of gun manufacturers because bank officials “believe you should not be selling guns and parts on the Internet.”
This time, it’s American Spirit Arms whose accounts were frozen in mid-December by Bank of America, according to the business’ owner, Joe Sirochman. Writing on his company’s Facebook page, Sirochman explained what happened:
What we have experienced is that our web site orders have jumped 500 % causing our web site E commerce processing larger Deposits to BANK OF AMERICA ..Well, this through up a huge RED Flag with Bank of America . So they decided to hold the deposits for further review , meaning that the orders/payments that were coming in through the web ,( being paid by the customer and that were shipped out by American Spirit Arms ),the BANK was keeping (UNDER REVIEW )..as you could imagine this made me furious…After countless hours on the phone with BANK OF AMERICA I finally got a Manager in the right department that told me the reason that the deposits were on hold for FURTHER REVIEW …HER EXACT WORDS WERE …..” WE BELIEVE YOU SHOULD NOT BE SELLING GUNS and PARTS ON THE INTERNET “ …Two weeks of sales only 1/3 of collected internet sales have been released ..I am still pissed and looking for another Bank and options … (errors in original text, BL)
Earlier this year, BofA told Kelly McMillan, operations director for McMillan Fiberglass Stocks, McMillan Firearms Manufacturing and McMillan Group International, that his company’s business was no longer welcome and he needed to find another bank. The McMillan companies had been banking with Bank of America for 12 years.
Now, you ask: “How can this be blamed on Obama?” Bank of America has basically become a Democratic Party slush fund. During the last campaign, BofA lent the Obama campaign $15 million essentially collateral-free. It also lent the Democratic National Committee $15 million and the Democratic Congresssional Campaign Committee another $17 million.
You may recall that back in 2011, with BofA foundering, its stock price dropping and employee cuts on the horizon, Obama “BFF” Warren E. Buffett and Berkshire Hathaway plunked $5 billion into BofA to prop it up.
In passing Obamacare, Obama got Big Pharma and Big Insurance on board by giving them carte blanche in writing the bill in a way that ensured they came out like bandits. Obama’s planning a similar attack on gun control; aiming his guns at big businesses that would benefit from some control measures.
Is McCain A Poison Pill?
Keep your eyes on Senator John McCain (Neocon-Ariz.) in the upcoming Senate gun control debate. Senator Harry Reid (Fascist-Nev.) is trying to rig the Senate rules to help pave the way for passage of gun control legislation. And McCain, who loves his “maverick” label and the press adoration that accompanies it, may be the poison pill that makes it happen.
Gun Owners of America reports that Reid and McCain are working on a “compromise” that would allow some legislation to pass without being filibustered. It would be CINOs (conservatives in name only) like McCain that could make a gun ban happen.