Blackburn: Close credit loophole (for illegals)

The Memphis Commercial Appeal ^ | 2/17/06 | Bartholomew Sullivan

[rbosque]

Is BofA eager to have their loans defaulted? I don't get it

[VOA]

"One private party wants to extend credit to another private party.
I just don't see the problem."

Leave it to good old Yankee ingenuity to milk the illegal masses!

http://www.freerepublic.com/focus/f-news/1784326/posts

http://www.freerepublic.com/focus/keyword?k=bankofamerica

[WalterSkinner]

BUMP

[GATOR NAVY]

I fail to see how illegal aliens are getting bank accounts, which qualify them for credit cards, when it's so hard for citizens to get them any more.

That's my question too, having recently opened a new checking account at the local branch of a large multi-state bank. SSNs, two photo IDs, address verifying, my non-citizen wife had to prove her legal residency status, and the bank rep assuring us this was all due to the Patriot Act.

So how are illegal aliens getting the checking accounts? Either they are committing fraud (no big deal for them) or BofA is bending requirements, or both.

[LibertarianInExile]

"Memphis immigration lawyer Greg Siskind said it was "interesting that certain Congressmen that complain about government interfering in business have no problem when it comes to the issue of immigration. All their general feelings about government involvement in business seem to go out the window."

From the same folks who brought the Constitution to Al Qaeda. A FOOLISH consistency is the hobgoblin of little minds. Anyone who fails to submit to our law, in illegally entering the country, should not benefit from it.

[seemoAR]

I wonder if the Federal Government is insuring the banks. Maybe it could be a new kind of FDIC. That would explain the banks not worrying much about losing money.

[rbosque]

Sounds like it. A lot of people are closing their accounts. Let's see how far this goes.

[Conservative4Ever]

In order to have a deposit account at Bank of America, we require a Social Security number, proof of U.S. government federal taxpayer status, or other documents in compliance with the USA PATRIOT Act," said spokesman Betsy Weinberger.

ITIN's are not such a good thing either. IMHO

[Conservative4Ever]

Your story reminded me of about 30 yrs ago our little local BoA branch [has since closed] knew everybody, their kids, dogs, horses and what car we drove. Never had to show ID to cash a check nor when making a withdrawal. How times have changed. I was in a local branch of Wells Fargo not too long ago and a poor guy was just where your husband was with only one ID and the teller couldn't help him with a suggestion for another picture ID...standing next to the poor guy I piped up and told him to get a passport. Great for second ID. The teller looked surprised and said, yeah that would work.