Quisling: a synonym for traitor, someone who collaborates with the invaders of his country.
Posted on 08/03/2005 6:10:52 AM PDT by jackbenimble
The mainstream press has only recently begun to cover the failure of the federal government’s obligation to seriously address the security of the borders of the United States with respect to illegal immigration. Largely due to the launch of the Minute Man Project which took place in April 2005 in a southern border ‘neighborhood watch’ in Arizona, the media was forced to cover the event as it was a symbol of the majority of Americans who believe that the borders should be secured and that U.S. laws should be observed.
For those not fully immersed in the matter however, it is through the mainstream press and broadcast media is that most Americans get their information, but they have not addressed many other issues which have evolved as a result of lax immigration policies. And the American people are not aware of how quickly things are changing. Other than the mention of homeland security issues concerning our borders, neither the press nor our lawmakers, in our politically correct climate, are willing to address the matter. So the constant drain on U.S. resources such as energy, roads and infrastructure including services such as medical care and school tuition, to name just a few, are not highlighted. All have added to the tax bill of Americans as well as steep hikes in medical and car insurance rates alone.
Openly adding to the growing list of illicit acts on behalf of illegal aliens are corporate entities and mid-sized businesses knowingly hiring illegal aliens without verification of proper documentation. Long gone are the days when we were told illegal workers were merely filling jobs as domestics in the home or doing the work of landscapers, as many decent blue collar jobs go directly to the illegal population now, bypassing hardworking Americans. And since no fines have ever been issued against any businesses hiring illegal aliens there is no impetus for any to stop, as they enjoy not having to pay benefits or guaranteeing work on a permanent basis.
But while most Americans are at least peripherally aware of these unaddressed problems, many would be surprised how financial institutions are now bending over backwards to woo illegal aliens to become home owners. Until recently it was an unexposed policy, but banks across the nation have now put out the welcome mats in full force, through marketing campaigns.
The FDIC was created by Congress in 1933 to reassure the public’s trust in the national banking system. Although it operates as an independent agency it helps insure account deposits at 8,930 banks in the U.S. Its goal is to “promote the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed.”
However, the FDIC is now formally encouraging “U.S. banks to enter this largely untapped market,” referring to illegal aliens. National banks, Wells Fargo Bank, N.A. and Bank of America, N.A. are leading the charge, granting mortgage loans for a potential home buyers’ market of 215,000 illegal aliens, with many in the local bank communities following suit, some with the help of state housing commissions.
And the FDIC along with the Mortgage Guaranty Insurance Corp. have given their endorsement for banks across the U.S. to offer home loans and other financial services such as car loans to illegal aliens regardless of their immigration status. In doing so, banks are accepting the Individual Tax Identification Number (ITIN) from the Internal Revenue Service in lieu of a Social Security card for which those illegally in the U.S. do not qualify. Wells Fargo and Bank of America have also been accepting the matricula consular card or consul registration number for nearly two years, which can be sought at the Mexican Consulate in the U.S. instead of an ITIN.
Since illegal aliens do not have a credit history, they need only supply the ITIN or a matricula consular card along with proof of income for a period of two years and taxes paid on those wages. Some banks also require history of rent and utility payments. After that however, illegals get the same terms with no penalties as any U.S. citizen or legal resident does. In addition they may later seek a home equity loan like anyone else.
According to Michael Frias, a spokesman for the FDIC, “Banks aren’t legally required to verify legal status. There is no federal law which requires banks to verify the immigration status of foreign account holders.”
The only problem with that statement is that illegal aliens are not merely “foreign account holders”, but are illegal inhabitants of the U.S., courtesy of our banking industry, which is inviolate of the laws of the U.S. Constitution.
According to Kevin Mukri of the Office of the Comptroller of Currency, which is the primary U.S. bank regulator, “Banks are not the arm of the immigration department. It would be discriminatory not to service them.” But under U.S. Criminal Code 274, “It is a crime punishable by 10 years in jail for aiding and abetting someone in this country illegally for commercial gain.” And the Bank Secrecy Act of 1972 provides that “Banks must know their customers and any illegal activity must be reported to the government.”
It is a blatant betrayal of the American people and a terrible precedent set as the U.S. government pretends to uphold the law while condoning the approval of mortgage lending to the illegal community, with a wink and a nod. This is no longer a matter of an employer avoiding the law or about helping those coming to the U.S. in search of a better life. Rather it is the acceptance of lawmakers and law enforcement to ignore the laws of the land, specifically for those who reside in the U.S. illegally. Moreover, it is a flagrant disregard and appreciation of law abiding Americans. Unfortunately, the U.S. government has now mortgaged away the future of America as we once knew it. Sadly, that is something now which we may never be able to reverse.
"Will GW Bush's legacy be written in Spanish only?"
I'm sure the more favorable version will be.
Why don't they prosecute? Because they don't WANT to.
We have a situation here in Virginia right now where Herndon plans on building a hiring hall, on county property, for "day laborers" where they'll even help match them with prospective employers.
I've called Senators Warner's and Allen's and Wolf's offices on this to express my views. I don't want a single dime of my tax money used to support law breakers and nobody wants to touch this with a 10-foot pole.
The town of Herndon has even MET with ICE officials over the issue, so immigration knows there's a specific problem at a specific location. They know which 7-11 is being used as a pick-up site but they don't have the manpower to deal with it.
To say I'm ticked is an understatement. After the few calls I've made I know I'm not going to get anywhere but I still have a few more numbers to call anyway.
It's beautiful.
This may be closer than you think. The most popular politician in Mexico is the Mayor of Mexico City and he is a flaming leftist. He may well be the next El Presidente and he may well align himself with the likes of Castro, Chavez, Lula de Silva and other leftists that seem to be getting elected South of our border.
But I don't share your optimism that this will create a solution. The misery these leftists cause will spur illegal immigration to new heights. And we might even get a "two feet on American soil" policy like we have with Cuba where anybody fleeing these communist hellholes gets automatic refugee status and eventually citizenship.
As we look at the political movement towards the left in numerous countries south of our border with these people electing socialists every chance they get I have to wonder about the intelligence of the people who keep telling us that Hispanics are natural Republicans. If that were true, these countries would not all be moving towards socialism.
Quisling: a synonym for traitor, someone who collaborates with the invaders of his country.
Somebody needs to file a class action suit against these banks on behalf of taxpayers. It's amazing that some Americans can't qualify for home loans and the banks are lending to illegal aliens.
"According to Michael Frias, a spokesman for the FDIC, “Banks aren’t legally required to verify legal status. There is no federal law which requires banks to verify the immigration status of foreign account holders.”
The only problem with that statement is that illegal aliens are not merely “foreign account holders”, but are illegal inhabitants of the U.S., courtesy of our banking industry, which is inviolate of the laws of the U.S. Constitution."
Why should you or I obey any laws when the state and federal government is a felon????
This is interesting since those individuals buying real estate must have proof of citizenship through the Patriot Act. Normally, if they have a valid drivers license, they can buy property.
ping
Well I do mortgage lending for one of the banks mentioned and the information is wrong.
Some has to be "legal resident of the United States" to qualify for a mortgage.
I just looked this up again to see if it had changed.
No special treatment for foreign invaders!
Protect our borders and coastlines from all foreign invaders!
Be Ever Vigilant!
Minutemen Patriots ~ Bump!
Who cares about the law, when it comes to illegal aliens? Fake social security cards are sold on the sidewalk outside of every Federal Building. Federal agents have to push the fake ID hawkers out of the way to go to work.
(I just want a list of the laws which "really count," and I have to obey, and a list of the laws I can totally ignore, the way illegal aliens can and do, with impunity.)
I just closed the sale of a house yesterday, and the attorney was required to get a copy of the drivers license of both seller and buyer -- said it was the Patriot Act.
I'm needing a new wall to beat my head against! Doesn't surprise me about Wells Fargo. We quit banking with them when they admitted they don't check signatures or IDs.
So that's why my property tax, which a mere 10 years ago was chicken feed, is now a whopping 18% --- 18-freakin'-percent --- of my yearly take-home pay.
Welcome back.
What's your take on lending money to high risk borrowers? Do you think we will see a reprise of the Savings and Loan scandals?
So, they check the box for citizenship knowing full well it'll never be investigated.
The illegals are just borrowing money that we don't want.
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