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Mexico received $16.6 billion in remittances protection money in 2004. This figure is expected to grow to almost $20 billion in 2005.

Big Bucks for Mexico!

1 posted on 09/28/2005 2:26:32 PM PDT by DumpsterDiver
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To: DumpsterDiver

Nothing like making it easy to ship $16.6 billion out of our economy...


2 posted on 09/28/2005 2:30:43 PM PDT by Rutles4Ever (Stuck on Genius)
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To: DumpsterDiver

How about just transferring the (illegal) Mexicans themselves back to Mexico...


4 posted on 09/28/2005 2:34:17 PM PDT by RockinRight (What part of ILLEGAL immigration do they not understand?)
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To: DumpsterDiver; All

Not a surprise there.

More banks (including US Bank here in the Twin Cities) are accepting the Matricula Consular (sp?) card issued by Mexican consulates.

It's not a US-issued ID card...but what the hell, right? It's all about profit. Not what's right or wrong.

Corporate America...bless 'em for giving me a decent job.

But curse 'em for not being able to distinguish betyween right and wrong.


5 posted on 09/28/2005 2:44:44 PM PDT by MplsSteve
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To: DumpsterDiver

That's the final straw...I am closing all my accounts.


7 posted on 09/28/2005 2:51:49 PM PDT by ravingnutter
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To: DumpsterDiver
I just know that millions of illegal mexicans will open accounts in droves just so they can send their money (that they have not and will not pay income taxes on) back to the old folks in mexico. heh heh heh....

I would believe, however, that this new "product" by this humanitarian oriented bank was "suggested" by the IRS......

We could only hope?

8 posted on 09/28/2005 2:55:11 PM PDT by B.O. Plenty (Islam and liberalism are terminal..)
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To: DumpsterDiver; Happy2BMe; Stellar Dendrite; planekT; kellynla; Chena
What a coincidence! The White House is trying to remit all American jobs to Mexico!

Take our money, take our jobs!

9 posted on 09/28/2005 2:55:57 PM PDT by DTogo (I haven't left the GOP, the GOP left me.)
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To: DumpsterDiver
Bank of America had my auto lease after it bought or merged with the original bank.

Dealing with them was a freaking nightmare. I needed a power of attorney to get the registration for my leased car. It took them 90 days each year. Meanwhile, I am driving around with expired tags. When I told a customer service supervsior that I would start taking 90 days to pay, she hung up on me.

The final year of the lease, I actually had to write my Congressman to get them to get a power of attorney. I never receiveda call or apology.

Glad they can roll out the red carpet for illegals, though. I guess they have set their priorities.

12 posted on 09/28/2005 3:14:44 PM PDT by GoBucks2002
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To: DumpsterDiver

I have been a BofA customer for 9 years. Looks like it's time to look into a different bank. I will no longer be a customer by the end of this week!


13 posted on 09/28/2005 3:33:49 PM PDT by Luv2FrazzleDems
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To: DumpsterDiver

BofA is indeed behind the push to use the Matricular Consular ID to be used across the country. Here are some highlights from BofA's congressional testimony in 2002:

"Every single Bank of America banking center recognizes the Matricula as a valid form of identification. We believe that banking services ought to be made available to everyone so that they can manage their money without carrying large sums of cash..."

Now this part makes me feel so much better, seeing as how cooperation from Mexican officials is and always always been so superb (they like us, they really like us!):

"...Because verification requirements are so important when issuing identification documents, we strongly encourage the US and Mexican governments to work together to ensure that the Consulates have the best authentication measures in place..."

"RECAP...By allowing more potential customers to use the Matricula to open new banking accounts, cash checks and subscribe to other banking services such as the remittance product, SafeSend, we believe that we are providing the opportunity for thousands to gain access, many for the first time, to mainstream banking services."

http://66.102.7.104/search?q=cache:gbU4cx-Lr00J:143.231.169.144/pdf/ACF13F.pdf+%22Bank+of+America+Testimony+on+Matricula+Consular%22&hl=en

15 posted on 09/28/2005 3:38:04 PM PDT by Husker8877
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To: DumpsterDiver

I want to know how much if any the IRS is taking from these funds transferes. These people are stealing our country blind and then sending their paychecks home.

What a deal. Wake up IRS.


19 posted on 09/28/2005 7:02:21 PM PDT by puppypusher
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To: DumpsterDiver

Snippets from my full post here:

http://www.freerepublic.com/focus/f-backroom/1472612/posts?page=38#38

- Services, ie but not limited to: public school enrollment, language proficiency programs, and building permits, that cater to illegal aliens have increased in areas that are considered gateways for immigration.

- The top nine states that account for 50% of illegal aliens are: California, Texas, Florida, New York, Illinois, New Jersey, Arizona, Georgia and North Carolina.

- Sole authority to govern immigration flow is placed on the federal government.

- Responsibility for providing support to legal and illegal immigrants rests with the state and local governments.

- Immigrants send home on average $1,400 to $1,500 per year through money transfers (also called Remittances).

- As per the World Bank in 2002, people sent $133 billion worldwide. Developing countries accounted for $88 billion of that.

- Remittances from the United States to Mexico have tripled to $13 billion between 1995 and 2003.

- As per the Pew Hispanic Center, 39% of surveyed Latino immigrants listed themselves as having legal status to opening bank accounts. This enables cash transfers through private money centers such as Western Union and Money Gram.

- HOWEVER, banks including Citibank, Bank of America, and Wells Fargo Bank began accepting matriculas, which are photographed identity cards for Mexicans living in the US.

- Matriculas are obtainable by any legal or illegal Mexican. Matriculas are widely obtainable through Mexican consulates across the USA.

- To date, around 2.5 million matriculas have been issued, and the number is growing.


20 posted on 09/28/2005 7:05:45 PM PDT by Calpernia (Breederville.com)
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To: SwinneySwitch; HiJinx; KylaStarr; Cindy; StillProud2BeFree; nw_arizona_granny; Velveeta; Dolphy; ...

Mexico, border, immigration ping


21 posted on 09/28/2005 7:06:44 PM PDT by Calpernia (Breederville.com)
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To: DumpsterDiver

By the way, if anyone is interested, this is against the law. My bank will no longer issue cashiers checks, do wire transfers etc. to anyone that is not a client of the Bank. The liability under Home Security is too extreme.


22 posted on 09/28/2005 8:18:00 PM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: DumpsterDiver

I think the quickest way to stem/halt the flood of illegals is to make it illegal to transfer funds back home and BOA wants to make it easier?!

Sorry I don't bank with them so I could cancel my accounts. Idiots.


23 posted on 09/28/2005 8:28:05 PM PDT by Let's Roll ( "Congressmen who ... undermine the military ... should be arrested, exiled or hanged" - A. Lincoln)
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