Posted on 10/16/2023 10:17:21 AM PDT by Kaiser8408a
We are Livin’ la vida Biden as Biden continues to push illegal immigration and working with Communist dictators like Venezuela’s Nicolas Maduro and NOT expand US energy production.
The Biden administration released a statement Thursday warning financial institutions against using a person’s immigration status in credit applications.
The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) released a joint statement telling financial institutions that while it is not illegal to consider a person’s immigration status in the decision on whether to lend money, an overreliance on it could run afoul of the law, according to the statement. The statement implicates the Equal Credit Opportunity Act (ECOA), which makes it illegal to discriminate on the basis of race, color, religion, national origin, sex and more in considering a person’s credit application as the mechanism, even though the law does not list citizenship status as a protected attribute.
US, Venezuela to announce oil sanctions deal on Tuesday -report.
The result? WTI Crude is down almost -1% todat and Brent Crude is down over -1%.
The sad part of Biden’s deal with brutal Marxist dictator Nicolas Maduro requires Venezuela to allow another candidate to run against Maduro in the next Presidential election. What? Biden and Democrats are working hard to eliminate Donald Trump from running for President in 2024, but want Venezuela to have competition??
So, Biden is sticking to his anti-US energy production stance while supporting a brutal Marxist dictator AND forcing banks to lend to illegal immigrants.
Joe Biden and brutal Marxist dictator Nicolas Maduro.
(Excerpt) Read more at confoundedinterest.net ...
I would think that a Social Security number (and also a credit report) would be required in order to get a loan.
We have choices when we choose a financial institution. If my family's bank chooses to lend money to criminal aliens (and I learn about it), I'll hop over to a new institution.
Lending money to people who can’t afford it because the government says they have to ... where have I heard this before... hmm... Oh yeah, 2008.
More stupidity from our betters in DC
After 10 years of trying to overthrow the socialist Venezuela Government, the drooling FJB and his string-pullers in DC think that some stupid agreement about elections is going to get them more oil to cover their green schemes
Maduro will play them for everything they are worth.
Who uses the KYC standard? Financial institutions that must comply with the KYC rule include:
US banks
Mutual funds
Brokers or dealers in securities
Futures commission merchants
Introducing brokers in commodities
So let me see if I have this straight: Banks must lend money to criminal foreign invaders but not to Donald Trump who took out loans, paid them back with interest and created thousands of jobs in the process. Got it.
You know what ticks me off more than anything? How blatant the Biden criminal occupation is. They give Congress 20 billion reasons to impeach and here we are heading into late October and Republicans can’t even decide on a speaker.
They have no idea who the Illegal is and where it’s from but they get a load , to send home and then do it all over again and again and again
Bank of America will and does.
They give mortgages to illegals.
It’s King pedoPIG, The First!!!
He rules by edict and decree!!!
Our Constitutional Republic is a dire threat to their so-called “democracy”.
But, but, but... what if an ‘immigrate’ wanted to blow up buildings in New York and needed funds for explosives?
According to Biden the bank is the bad guy and the terrorists is the potential victim. And since that’s all that matters in the brain dead liberal ‘culture’ of ‘victim-hood is all’ ... well, you get the idea.
He wants oil prices down just long enough until the elections are over. He’s giving the illusion that something’s being done about oil prices but once Maduro wins his election, oil sanctions will be slapped back on and oil prices will “necessarily skyrocket”.
you would think
Auditor “how did you verify this borrower’ information?”
Bank “well he had an identification issued by Double Bubble that stated his name was OneTon of Mottoes. See right there on the form! “
We are in a war now, problem is only their side realizes it.
As another example look at this hateful tweet from 2 days ago, a commie ANTIFA type Dem scum said it’s good this Republican shot himself. Awful right? Well get this he got almost 300 likes!!! Three HUNDRED other Dems think it’s a good thing a Republican shot himself.
“ Occupy Democrats
@OccupyDemocrats
·
Oct 14
BREAKING: Prominent Pro-Trump Republican activist shots his wife multiple times and then turns the gun on himself in the parking lot of a Florida burger restaurant. Police say that, after being shot, the wife of political activist Steven Alembik ran into the restaurant…
·
Oct 14
One less Republican voter, not sure I can feel bad about this.”
Currently
74 comments
294 LIKES
35,000 views
8 shares (usually means even more positive than a like)
But the banks are running the world.
Threatens them with what? Isn’t there any man besides Trump that can stand up and ask the people out here to stand with him. If millions of us stand up what can Biden do?
I’m not sure but lending money to people who are subject to removal from the United States is not a wise investment.
Is the fed/gov offering to cover the losses.
"You MUST lend to the unqualified!" followed by, "We're going to fine you for being so irresponsible!"
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