B of A closes a 74 year old veterans account

I just heard from my father that a friend of his had an account closed. This friend of his gets medical treatment from the VA. He has been informed from the VA that he will receive no life extending procedures. If he happens to get cancer the only treatment he will receive is pain killers. So, basically this guy has no medical insurance.

This guy just received a letter from the Bank of Italy this past weekend. It stated that his account balance is now zero. The account is now closed thank you for banking with us.

He says "What the hell?" and goes into his local branch office in the "Biggest Little City" to find out what has happened. They inform him that he has too much money for VA medical insurance. They have closed his account to protect him from the big bad government. They also inform him that all of his money ($60,000+) has been turned into bonds and he may have a debit card with a $20,000 a year max withdrawal limit. They also inform him that he will not be charged an fees or charges for this change.

I write this to inform all of you it has truly started. Kind of nice of them not to charge any fees. The guy now is at the banks mercy for his own money for insurance that really is in name only now.

If you have money in the bank expect to lose it as this guy has. Think of any excuse but remember they are doing it for your own protection.

100% truth and no no links just a personal story to confirm what is now happening out there.