Friday, February 16, 2007

The selling out of America by Bank of America


Robin's Commentary

By now, everybody has heard about Bank of America's new policy for offering credit cards to illegal aliens who may not have Social Security numbers, a move for which Bank of America claims is not a move that is aimed strictly towards illegal immigrants, however, for people who lack solid credit histories. of course they overlook the fact that you are given a Social Security number when you are born, which has nothing to do with a credit history

Currently, in their pilot program, Bank of America has limited the offer to 51 branches in the Los Angeles area, however, it said that it could go national this year. Bank of America, is not the only bank who has been catering to the illegal aliens. Wells Fargo began a pilot program last year in Los Angeles and Orange counties to offer home mortgages to immigrants who have lived in the United States for at least two years. Customers were allowed to identify themselves by using the ITIN identification number issued by the Internal Revenue Service instead of Social Security numbers. The ITIN is also accepted by Bank of America in order to receive a credit card.

While some in corporate headquarters may think that this is a good business move or "filling a need" of the consumer, others say that is giving an opportunity to aid terrorism.

In my personal opinion, not only do I believe that this move is treasonous, catering to the invaders of this country who come here illegally, but will also have devastating long-term financial disadvantages to the banking industry itself.

First off, despite being here illegally would make you an unreliable customer for the simple fact that you risk deportation at any moment. Do these banks honestly think that somebody who is being deported is going to worry about paying their credit card bill? Why should they? All they have to do sneak back into this country, get another ITIN number and start all over again.

Who pays for it? Banks may be federally insured by the FDIC for up to $100,000, however, if you have millions of people the faulting on their loans, the result would be devastating.

Would this help strengthen the economy? Doubtful. For example, according to CNN MoneyJanuary 17, 2007--, mortgage foreclosures or above 100,000 mark for the fifth straight month, which is up 35% from December 2005.

In the long run, who actually pays for the move of greedy banking institutions going after which they claim is an untapped market, being the illegal aliens when the banks fail due to bad loans? We will in higher fees

Finally, the next time you go for a loan at any institution, and they ask you for your Social Security card, just smile at them and say "I don't have one. Now, let's open my account"


Anonymous Anonymous said...

I think I'll change my last name, claim no SSN and get a new gold card. Looks like I can even apply for a home loan.
Sadly, I can't do that now as a born and bred American citizen. Something is wrong with this picture. This means that a terrorist can slide into our unprotected country, get a house for base opeerations and a credit card to buy weapons. Heck they could even get a job for extra cash. And to top it all off....they won't even have to speak English to accomplish it!

5:46 AM  
Anonymous Anonymous said...

What's worse than BOA's pilot program geared toward issuing credit cards to illegal aliens? The fees attached to the credit cards being offered! A deposit fee IS required and any payments made over time start with an interest rate in the neighborhood of 21.24%. No matter how you slice, dice or chop it, BOA is exploiting EVERYONE for their own gain! Send BOA a message - CANCEL your BOA and MBNA cards!!

9:13 AM  
Blogger ninest123 Ninest said...

ninest123 09.29
louis vuitton outlet, cheap jordans, tory burch outlet, chanel handbags, prada outlet, michael kors outlet, michael kors outlet online, cheap oakley sunglasses, tiffany jewelry, nike outlet, ralph lauren outlet, uggs on sale, nike air max, christian louboutin, louboutin uk, nike free, uggs outlet, kate spade, oakley sunglasses, ray ban sunglasses, ralph lauren polo, oakley sunglasses, michael kors, replica watches, longchamp outlet, gucci handbags, prada handbags, replica watches, burberry factory outlet, uggs on sale, longchamp bags, uggs on sale, christian louboutin, ray ban sunglasses, louis vuitton, oakley sunglasses, louboutin shoes, ray ban sunglasses, louis vuitton outlet online, michael kors outlet store, nike air max, uggs outlet, michael kors outlet online, louis vuitton outlet, longchamp outlet, tiffany jewelry, burberry outlet, oakley sunglasses

11:50 PM  
Blogger ninest123 Ninest said...

sac guess pas cher, michael kors outlet online, coach purses, coach outlet, true religion outlet, north face pas cher, north face uk, hermes pas cher, michael kors, louboutin pas cher, jordan pas cher, nike free, vans pas cher, kate spade outlet, longchamp pas cher, nike air max uk, nike roshe uk, michael kors uk, nike air max, nike tn pas cher, nike roshe run pas cher, burberry pas cher, ralph lauren pas cher, true religion outlet, timberland pas cher, michael kors, lululemon outlet, new balance, coach outlet store online, longchamp soldes, nike free pas cher, vanessa bruno pas cher, nike air max uk, nike air force, hogan sito ufficiale, lunette oakley pas cher, polo ralph lauren uk, polo lacoste pas cher, true religion outlet, abercrombie and fitch, mulberry uk, nike blazer pas cher, abercrombie and fitch UK, nike air max pas cher, true religion jeans, hollister uk, converse, coach outlet, lunette ray ban pas cher

11:53 PM  
Blogger ninest123 Ninest said...

new balance shoes, insanity workout, softball bats, north face outlet, vans scarpe, abercrombie, nike air huarache, valentino shoes, hermes handbags, beats by dre, iphone cases, mont blanc, p90x workout, north face outlet, nike air max, hollister, mcm handbags, converse shoes outlet, polo ralph lauren, celine handbags, nike trainers uk, ghd hair, reebok outlet, gucci, salvatore ferragamo, nike roshe run, nfl jerseys, babyliss pro, ray ban, soccer shoes, jimmy choo outlet, converse, instyler ionic styler, lululemon outlet, bottega veneta, wedding dresses, mac cosmetics, vans outlet, nike air max, timberland boots, oakley, chi flat iron, asics running shoes, soccer jerseys, hollister clothing, herve leger, giuseppe zanotti, longchamp uk, abercrombie and fitch, louboutin, michael kors handbags

11:55 PM  
Blogger ninest123 Ninest said...

lancel, moncler outlet, louis vuitton, moncler, montre pas cher, moncler, louis vuitton, sac louis vuitton, toms shoes, moncler, canada goose jackets, thomas sabo uk, louis vuitton uk, michael kors handbags, ugg,ugg australia,ugg italia, bottes ugg pas cher, michael kors outlet, barbour, moncler, ugg uk, ugg pas cher, sac louis vuitton, marc jacobs, pandora jewelry, wedding dresses uk, supra shoes, canada goose uk, doke & gabbana, canada goose outlet, canada goose pas cher, swarovski uk, barbour jackets uk, swarovski jewelry, moncler pas cher, juicy couture outlet, coach outlet, moncler uk, replica watches, michael kors outlet online, ugg,uggs,uggs canada, pandora uk, links of london uk, moncler jackets, canada goose outlet, hollister, pandora charms, juicy couture outlet, canada goose, canada goose, pandora jewelry, canada goose jackets
ninest123 09.29

11:57 PM  

Post a Comment

Links to this post:

Create a Link

<< Home