Mexico warns of repercussions if remittances are blocked

Los Angeles Times ^ | 05/12/2016 | Tracy Wilkinson

[RayofHope]

If a new U.S. administration blocks the flow of remittances -- the estimated $20 billion that Mexicans working in the U.S. send home each year -- then joint efforts to stop money laundering and other illicit forms of finance will be dealt a dangerous setback, a senior Mexican official warned Thursday.

Donald Trump, the presumptive Republican presidential nominee, has vowed, if elected, to make Mexico pay to build a wall along the entire southwest border, even if it means impounding remittance payments.

[TexasTransplant]

WTF They gonna Repercuss with?

I am tired of Countries Threatening my Country, I say we surrender ... Ship Obama to them on an ICE COLD SLAB
Dead as a Freaking Door Nail, just as they want.

They want Moochell they gonna have to pay extra freight

But NOT ONE AMERICAN (They can have some other posers if they like... we have a special on Fluffy the extra Chakra Algore)
If you nibble past that mountain of sustainability of algore, underneath you find a Ryan, a very active skinny Ryan, Trying hard to conceal his age and lack of Experience in anything that wasn’t handed to him or he hadn’t complained about ... yet and then of course there is Off the Record Complaints... being the bottom of a shoe, Ryan may actually wear for me, Think I need to walk more.

[Laser_Ray]

I bet the repercussions will be something like telling every illegal beaner male 14-60 to act unlawful (or rather even more unlawful than usual) for 15 minutes on cue and then go back to normal.

Now if you think that doesn’t sound so bad, think the Ferguson riots times a thousand because they wildly outnumber blacks. And they’re a lot meaner when they get wild - kick one saggy-pants punk’s butt and his friends will call you ‘sir’ for a week. Do the same to some fugly beaner brat and you’ll have a mob waiting outside your door the next day. I speak from experience. But for some surplus mortar-shell fireworks (fired at crotch height...hehehe) I don’t like to think how that would have ended.

[Jimmy Valentine]

Mexico is the home of “La Mordita” the bite. They are totally corrupt.

[trebb]

Mexico is seeing the light and starting to squirm like a worm on a hook - GO TRUMP!!!!

[BuffaloJack]

Mexico is getting a little too bold lately.
We should just screw the wall and place Mexico under martial law, since they obviously are not adhering to the conditions of the 1848 Treaty of Guadalupe Hidalgo. We should declare the treaty null and void, take back Mexico and replace their government with a US Military Governor.

[Liz]

The stupid media is saying it can't work b/c banks would balk. They know nothing of "The Art of The Deal."

Trump can get ANY information he wants from banks b/c his banking pals suffered greatly when the WH half-caste and his cronies inflicted these extortionate penalties on banks.

The banks will give up ALL info WRT perhaps Mexico federales wire-transferring their cut of remittances to hide them in secret bank accounts.

The details:

Obama and Congressional Democrats----with a huge assist from then-AG Eric Holder----gaven NeighborWorks America (formerly ACORN) and La Raza a huge funding source of tax dollars (to achieve Obama's dream of a permanent Democrat majority?).

Obama/Holder/Dems extorted banks via DOJ litigation/bank settlements----into paying off these nefarious organizations.

DOJ went after CitiCorp and ordered them to pay $50 million to La Raza and NeighborWorks America as part of the settlement.

Another clause in the agreement makes it possible for La Raza and NeighborWorks America to rake in even larger amounts of money.

Of the remaining money the banks needed to pay in settlements, the banks were able to contribute additional money to La Raza and NeighborWorks America. For every dollar they contribute, it reduces their debt to the government by 2 dollars. That’s some mighty powerful incentive to give generously.

==================================================

House Judiciary Committee Chairman Bob Goodlatte (R-Va.) and House Financial Services Chairman Jeb Hensarling have questioned why this money was sent to the ACORN clone and the blood-thirsty LaRaza----rather than to the alleged victims of the bank’s crime. The administration of course declined to answer.

Here's part of the Congressmen's letter to Holder: “It seems that the alleged victims are not the primary beneficiaries of these multi-billion dollar settlements. Instead, the terms in the Justice Department’s two latest settlements look less like consumer relief and more like a scheme to funnel money to politically favored special interest groups.”

“This makes donations to activist groups far more attractive to banks than providing direct relief to injured consumers. As a result, the settlements appear to serve as a vehicle for funding activist groups rather than as a means of securing relief for consumers actually harmed.”

=====================================

So now, with tons of money to fix the presidential election, the largest and most successful voter fraud campaign may alter the course of the elections not to mention the future of the United States.

NO WONDER HILLARY KEEPS SMILING.

=======================================

Obama bullied bank to pay racial settlement without proof: report
NY Post ^ | 2/7/2016 | Paul Sperry / FR Posted by DCdude

Newly uncovered internal memos reveal the Obama administration knowingly exaggerated charges of racial discrimination in probes of Ally Bank and other defendants in the $900 billion car-lending business as part of a racial justice campaign that's looking more like a massive government extortion and shakedown operation

Obama's Consumer Financial Protection Bureau has reached more than $220 million in settlements with several auto lenders since the agency launched its anti- discrimination crusade against the industry in 2013. Several other banks are under active investigation. That's despite the fact that the CFPB had no actual complaints of racial discrimination--- it was all just based on half-baked statistics.

A 23-page internal report detailing CFPB's strategy for going after lenders shows why these companies are forking over millions of dollars in restitution and fines to the government despite denying any wrongdoing.

CFPB applied the screws to Ally, saying it had statistical evidence showing its participating dealers were œmarking up loan prices for blacks and Hispanics vs. whites (by an average of $3 a month). Ally fought back, insisting non-discriminatory factors, such as credit history, down payments, trade-ins, promotions and rate- shopping, explained differences in loan pricing. After conducting a preliminary regression analysis, the bank found these factors alone accounted for at least 70 percent of the “racial disparities” the government was claiming.

CFPB admits in the memo that it never considered these or other legitimate business aspects of the car deals it investigated

Also in its initial rebuttal, Ally complained CFPB's entire case was based on disparate impact statistics, not actual complaints by consumers, and that those estimates relied on guesswork about the race of the borrowers. (The auto industry does not report borrower race, so CFPB tried to ID race by last name and ZIP code, a so-called proxy method that is wildly inaccurate.)

(Excerpt) Read more at nypost.com ...

[CottonBall]

LOL!

[Liz]

JULY 2014---Guatemala, Honduras and El Salvador federales
giving orders to overthrow the US govt to the president?

President Salvador Sanchez Ceren of El Salvador, left,
President Otto Perez Molina of Guatemala, second left,
and President Juan Orlando Hernandez of Honduras, right.

[Liz]

REMINDER : $266 million of our tax dollars
in the current spending bill is going to Central America
earmarked for "humanitarian aid to the children."

==============================================

WHAT ACTUALLY HAPPENS TO HUMANITARIAN US FOREIGN AID
Former Guatemala Prez used US banks to launder foreign aid millions
thieving Guatemalan was elected to "redistribute" the dirt-poor nation's wealth.

Alfonso Portillo---ex-president of Central America's Guatemala--- faced charges in New York that he used US banks to launder millions looted from his impoverished nation. Alfonso Portillo took office in 2000 pledging to (ahem) redistribute Guatemala’s wealth.

Portillo, 61, allegedly ran scams to drain the impoverished country's coffers. The feds say Portillo embezzled about $2.5M provided by the Taiwanese embassy....$1.5 million was earmarked for “Libraries for Peace”....books for school kids.

Portillo colluded w/ corrupt C/A insiders---he personally endorsed three $500,000 checks issued against an account at the Intl Bank of China in Manhattan, then deposited the cash in the Miami bank account of a Guatemalan bank controlled by a close associate and political supporter.

The embezzled foreign aid money was funneled to bank accounts in Paris in the names of Portillo’s ex-wife and daughter.

<><> Portillo swindled nearly $4M defense funds ...

<><> plundered the national bank run by his alleged co-conspirator...

<><> through overdrafts financed by public reserves the pilfered foreign aid money paid for expensive watches and cars, for Portillo and his associates. (NY POST excerpt 5/28/13)

SOURCE http://www.nypost.com/p/news/local/
former_guatemala_program_used_from_bJ7Akdr3YK85070OumW5FN

[Liz]

Donald's going to go ballistic when he reads that Central American govts are threatening the United States of America.......UNLESS we send them more money.

Guatemalan President Otto Perez warns the USA:
"you will be inundated w/ more contagious illegals
if billions of US tax dollars are not handed over."

GUATEMALA CITY (Reuters) - The United States should provide billions of dollars to help Central American nations curb the flow of illegal migrants, Guatemalan President Otto Perez said, and his government warns the problem will get worse if Washington fails to help.

Fleeing violence, trying to reach relatives already in the United States or seeking jobs, record numbers of child migrants from Honduras, Guatemala and El Salvador have been stopped at the southern U.S. border this year, causing widespread alarm. Last month, the three countries pitched Washington an ambitious development plan to confront the issue.

They want to pump about $10 billion into the region to create jobs and lift living standards, with the bulk of funding coming from the United States, Perez told Reuters. He hopes the plan could come up with about $2 billion a year from 2015 to 2019, a sum he equated to roughly 10 percent of annual U.S. spending on border security and immigration enforcement.

"Now we understand it's not simply a question of the United States saying: 'Right, here's $2 billion a year for five years' for example - the governments of the three countries have to play their part too," the conservative Perez, who took power in early 2012, said in an interview late on Monday.

The US aid package would boost infrastructure and provide more jobs in all three countries, especially in areas that send large numbers of migrants to the United States, he added.

The three Central American governments are urging the United States to shoulder the lion's share of the costs, arguing that U.S. demand for illegal narcotics has fueled violence among drug gangs across much of the impoverished region.

"The United States has to support this, it has no other option," Guatemala's foreign minister, Carlos Morales, told Reuters. "If they don't support it, the crisis will kick off again, you can count on it."

Perez said he hoped the United States would put up about 60 percent of funding. "But we'll have to discuss it calmly and see what each individual country can do, and what can be achieved by common consent."

During meetings in New York in September, U.S. Secretary of State John Kerry told Central American officials he hoped Congress could approve about $300 million in funding, Morales said, noting the sum was "nothing" given the scale of the problem.

Central American leaders are due to meet Vice President Joe Biden on Nov. 12 in Washington to sound out U.S. support for their plan, Morales added.--SNIP--

(Reporting by Dave Graham; Editing by Kieran Murray) http://news.yahoo.com/u-stump-billions-curb-central-america-migration-perez-171130651.html

[COUNTrecount]

Bookmark.

[SaraJohnson]

They are mad as heck about it, too. The change Trump is making is going to cause outrage but it will settle down into the new normal.

They act mad about the remittances; but really they are mad that the underclass they unloaded on the US is coming home. Also, with a wall and immigration control, they are going to have to deal with all the millions of peoples accustomed to flooding into Mexico with free passage into the US.

[ManHunter]

Oh no! “Repercussions”! Whatever will we do...?!

Let’s play chicken! How about rather than taxing remittances to Mexico, we cut them off entirely and suspend the repatriation of funds to the US?

[Harpotoo]

WHy are they worried? I mean the Cruz folks here during the heat of battle said that couldn’t be done!-)

[ohioman]

I agree.

[grey_whiskers]

Screw the wall.

Build a moat.

With sharks.

With frikkin' LASER BEAMS!^TM

[sdpatriot]

i know this post is a couple days old, but i just have to give kudos to your rant

A+ for awesomeness...