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Bank of Amer freezing accounts of customers suspected of not being US citizens
- selimthegrim 8y agohttps://news.ycombinator.com/item?id=17879042 https://news.ycombinator.com/item?id=17879042 https://news.ycombinator.com/item?id=17575213 https://news.ycombinator.com/item?id=17575213
- vfclists 8y agoBanks are always like that. They are more than happy to take your money, but unwilling to let you take it out for spurious reasons.
- gumby 8y agoThe reason being that if they appear insufficiently zealous in acting as a private enforcement arm for the authorities they will suddenly lose their ability to do business.
- XalvinX 8y agoI don't even think BofA itself is owned by US citizens. Last I heard some Japanese people owned it or something... Great way to boost profitability I guess...just outright steal people's money on the flimsiest of pretenses. Ahh, if only they didn't have friends at the Fed, they would have been toast (along with a lot of other crooked banks) in 2008. Maybe next time.