Posted on 06/27/2019 12:06:18 PM PDT by Responsibility2nd
Bank of America will end its association with companies that provide prisoner and immigrant detention services at both the state and federal levels. The move comes amid growing public concern about the nation's border policies.
A spokesperson said Wednesday that Bank of America (BAC) has discussed the issue with its clients that provide those services. While the bank appreciates "steps they have taken to properly execute their contractual and humanitarian responsibilities," it ultimately decided to "exit the relationships."
"Lacking further legal and policy clarity, and in recognition of the concerns of our employees and stakeholders in the communities we serve, it is our intention to exit these relationships," the spokesperson said.
The Miami Herald previously reported that Bank of America was a financier of Caliburn which the newspaper said runs a facility called Homestead under a US government contract. The Herald said the bank provided a $380 million loan to the company and a $75 million credit line. The paper indicated Homestead is not a prison, but "protesters say it functions as one. The minors held inside are not allowed to leave."
(Excerpt) Read more at cnn.com ...
I think its time for several states to make it clear that BofA will do business with legal gun dealers and these other legal businesses or they will not do business with anyone in that state. The same goes for all the other banks. If NY can play that game, so can other states.
Trump should issue an EO ordering that all government business with BOA cease.
We quit them many years ago when the signage in our branch had more Spanish language than English. Bye bye we don’the miss BOA at all.
LOL, you beat me to it. We will get right after we build our own Internet, social media platform, major broadcast corporation, law schools, etc.....
Freepers that push this are lacking both spine and intellect. It is not that we don't need to do those things but we have to fight for our free speech rights in the public square as we do so.
Good Points.
Lets see if BOA has the cajones that Hollywood has and start a boycott of anti-abortion states like Georgia.
Go right ahead you BOA bastids. Close every single branch in the Peach State. I dare you. Stick to you principles.
We REALLY should have our ball-free Republican senators come up with a bill that would ban all transfers of US currency to Central America. Then Bank of America could worry about that instead of boycotting American companies.
OK.
Paying back the loan is "doing business" so it looks like BoA does not want their money back.
.
I went to one of my banks (PNC) to do a full withdraw. They said I can’t do that at the teller, I had to meet with one of the bankers to close the account.
I withdrew all but $1 and was out of there in a few minutes.
...and just think what the Mormons are doing...
BoAM:Sorry we have to kneecap your business A! Hey, it’s just business.
These guys make the Mob look like rank amateurs.
Done with no due process. Whose data was actually heard?
Well if BOA is your bank, you can drop them and maybe if enough people do that, they will get out of politics
It is the ultimate expression of socialism. Once government has enough control, companies slowly start becoming government controlled. Next step is companies that dont comply will be taken over. That is what Hillary would have been doing now. Nationalizing businesses. The good news is we have peaked at revenue generation and it is all downhill from here. Lol.
“IF YOU DONT IKE IT CREATE YOUR OWN BANKING SYSTEM!!”
Great point. And I realize you meant it sarcastically. But the more I think about it, conservatives do need our own banking system, supply chains, infrastructure, and ultimately our own conservative nation.
BofA needs to revert to its original name “Bank of Italy” since it is adopting tactics Mussonlini would love.
They haven’t stolen your 10 spot yet?
Banks are private companies, they can do what they like. So what if they decide to ban everyone who is registered Republican from holding bank accounts? It’s the free market! Just build your own economy!
If this is legal than so is Redlining.
BoAmerica is twisted. They suck. Close those accounts yesterday,
I know you're being sarcastic, but some people actually think like this. No FReepers of course since ideas like this require one to go Gault, off the grid, and live like a hermit with no internet access.
Free Market indeed! lol. What a joke. America hasn't had a true Free Market economy in nearly one hundred years.
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