sabotabby: raccoon anarchy symbol (fighting the man)
[personal profile] sabotabby
I somehow missed the story about TD Bank closing the accounts of Iranian-Canadians until protests made the news.

I gotta say, I'm gobsmacked. TD seems to be the only bank doing this, so it can't be a government-imposed sanction that all banks are forced to do. They also like to promote themselves as Good Corporate Citizens, QUILTBAG-friendly in their advertising, diverse and all that. So to pull a move that is not only racist but is a terrifying echo of WWII-era xenophobia (what's next? Are we going to round up Iranians and put them in internment camps like we did to Japanese-Canadians?) is just astounding. Oh, and we're not even at war with Iran or anything. Also, these are Canadian citizens we're talking about, not that it matters.

So, why aren't we up in arms about it? Can they even do this?

Date: 2012-08-26 02:46 pm (UTC)
From: [identity profile] outcastspice.livejournal.com
Yeah, I heard about it from [livejournal.com profile] isthmus_nekoi last weekend, what a ridiculous and stupid thing for TD to do.

Date: 2012-08-26 03:15 pm (UTC)
From: [identity profile] mycrazyhair.livejournal.com
I have no specific knowledge of this, but I know that a law came out last year limiting the ability of all Canadian banks to do business with Iran (terminating the ability, if I recall correctly). Maybe they interpreted that law more broadly than the other banks??

Date: 2012-08-27 03:12 am (UTC)
From: [identity profile] franklanguage.livejournal.com
I'm kind of happy, then, that when I was looking to move my Bank of America account last year, I went with a local credit union instead of TD. (They were in the running, but I decided I didn't want to go with a bank that smelled at all corporate, and they're the consumer wing of an investment bank.)

Date: 2012-08-27 10:23 am (UTC)

Date: 2012-08-27 04:54 pm (UTC)
From: [identity profile] eyelid.livejournal.com
don't you guys have an anti-discrimination law?

Date: 2012-08-27 06:15 pm (UTC)
the_axel: (Default)
From: [personal profile] the_axel
I remember hearing about this[1] late last year. It's a measure of how quickly banks move on projects like this that it's August that people start feeling the results.

[1] I'm sure I read about it in a reputable source, but Google is currently swamped with articles on the current round of banning.

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