Bank of America / Merrill Lynch

 

Boycott these woke, racist, Orwellian spies

 

china

 

THE BAD:

Regardless of your party affiliation, you will want to avoid doing business with Bank of America and Merrill Lynch.

 

Merrill Lynch assigns a communist China-style (Environmental, Social and Governance) ESG score to customers, then shares it with banks, lenders, etc. That score may be based on social justice warrior causes such as global warming, diversity, guns, political party affiliation, etc.

 

B of A snooped on customers and handed over data to the Feds after the Capitol Hill riot, providing such information as customer purchases of plane tickets to Washington DC, hotel room rentals and other purchases in the Washington DC area. Keep in mind that even the left-wing Apple put up a fight when the Feds asked for them to unlock the San Bernardino shooter's cell phone.

 

B of A teaches critical race theory to employees, urging white employees to "cede power to people of color."

 

B of A teaches employees that

1) The United States is a “racialized society” that uses “race to establish and justify systems of power, privilege, disenfranchisement and oppression.”

2) White toddlers “develop racial biases by ages 3 to 5” and “should be actively taught to recognize and reject the ‘smog’ of white privilege.”

3) Whites are more likely to “have more limited imagination,” “experience fear, anxiety, guilt or shame,” “contribute to racial tension, hatred and violence” and “react in broken ways.”

 

B of A opposed Georgia's much needed voting reform bill. This was a clear attack on Republicans.

 

B of A also won't loan money to gun makers, thus a clear and reprehensible attack on the 2nd amendment.

 

Company individuals and PAC's donated 80% more to Biden than Trump.

 

B of A opposes North Carolina's common sense bathroom bill, whereby all public bathrooms and locker rooms are single-sex facilities. Men use the men’s room and women use the women’s room. Sexual identity is based on biology, as stated on one’s birth certificate.

 

THE GOOD:

Bank of America / Merrill Lynch has no redeeming qualities.

 

THE BOTTOM LINE:

Do not do business with Bank of America / Merrill Lynch.

 

 

MAJOR BROKERAGE ALTERNATIVES:

j = Indicates that broker uses JP Morgan Chase or BMO Harris Bank as custodial banker (of cash in your account)

NOTE: All of the major brokerages are offensive to one degree or another. These are the least offensive brokers:

IN NO PARTICULAR ORDER:

1. j Zachs Trade - Essentially uses Interactive Brokers LLC, to provide custodial banking through JP Morgan Chase. If you use Zachs Trade, in order to mitigate business with JP Morgan Chase, don't leave a lot of cash sitting in your account. Either invest it or transfer it to your bank account. Zachs Trade mirrors what InteractiveBrokers does as far as ESG goes. We rate Zachs Trade as a slightly better choice than both InteractiveBrokers and Charles Schwab.

 

2. j InteractiveBrokers - InteractiveBrokers is a mixed bag. On the bright side, their employees and PAC's have a stellar donation record. A solid 87.6% of donations went to Republicans in 2020. However, IB uses JP Morgan Chase (a "worst" company) as their custodial bank. InteractiveBrokers also uses ESG to rate investable companies. At least, so we are told, they do not use ESG to rate their own customers, as Merrill Lynch does. If you use InteractiveBrokers, then in order to mitigate business with JP Morgan Chase, don't leave a lot of cash sitting in your account. Either invest it or transfer it to your bank account. Also, do not open a bank/checking account with IB, which would further patronize JP Morgan Chase. We rate InteractiveBrokers as a slightly better choice than Charles Schwab, and a much much better choice than Merrill Lynch.

 

3. j g Charles Schwab - Schwab is a mixed bag. On the bright side, Schwab employees and PAC's have a solid donation record (84% to Republicans). On the downside, Schwab uses JP Morgan Chase as their custodial bank (when you park cash in your account). If you have an existing Schwab account, tell them to STOP using JP Morgan Chase. Also, if you use Schwab, then in order to mitigate business with JP Morgan Chase, don't leave a lot of cash sitting in your Schwab account. Either invest it or transfer it to your Comerica bank account. Also, do not open a bank/checking account with Schwab, which would further patronize JP Morgan Chase. We also note that Schwab charitable suddenly cut off donations to the NRA. If you are a staunch gun supporter, then you might want to skip doing business with Schwab.

 

PRIVATELY HELD BROKERAGE ALTERNATIVES:

1. j FirstTrade - They use BMO Harris Bank as their custodial bank, which joined StopHateForProfit. BMO Harris Bank is middle of the road as far as political donations, slightly favoring Republicans.

 

MAJOR BANK ALTERNATIVES:

1. For banking/checking, find an apolitical credit union or any regional bank.

 

2. MidFirst Bank - The largest privately-owned bank in the United States. No woke tweets that we can find. Donations have heavily favored Republicans, although the gap has narrowed recently. The only negatives we can find are an April 6, 2020 $100,000 donation to a partner of the United Way (which has more recently began teaching critical race theory and urging white people to "cede power to people of color"), and a donation to the Boys & Girls Club (which opposed Georgia's much-needed voting reform bill).

 

3. fist Commerica Bank - Dallas-based. Perhaps the least offensive of the big banks. Employees and PAC donations favor Republicans. However, Comerica donated 1 million dollars to assist black-owned small businesses, thus discriminating against all other skin pigmentations. Otherwise, Comerica appears to be apolitical. Use only as a last resort.

 

 

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