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U.S. Banks Woo Migrants, Legal Or Otherwise [Federal Reserve to enable illegal immigration]
Wall Street Journal ^ | 10/10/06 | Miriam Jordan

Posted on 10/10/2006 11:56:17 PM PDT by lonewacko_dot_com

As U.S. leaders craft policies to curb illegal immigration from Mexico, the U.S. Federal Reserve is devising programs to extend banking services to undocumented immigrants. A new remittance program aims to bring Mexican migrants who send money home into the mainstream U.S. financial system, regardless of their immigration status.

Dubbed "Directo a Mexico," the remittance program enables U.S. commercial banks to make money transfers for Mexican workers through the Federal Reserve's own automated clearinghouse, which is linked to Banco de Mexico, the Mexican central bank.

To use the service, a Mexican need only possess a matricula consular, an I.D. issued...

(Excerpt) Read more at online.wsj.com ...


TOPICS: Crime/Corruption; Extended News; Government
KEYWORDS: aliens; fed; federalreserve; immigrantlist; immigration
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The rest of the article is subscriber-only, but that should be enough.

To summarize: the U.S. Federal Reserve intends to not only indirectly profit from illegal activity, it intends to enable and encourage major banks to indirectly profit from illegal activity.

I urge everyone to write their representatives, call in to talk radio, ask politicians about this at their speeches, and make sure that as many people as possible know about this scheme and know which side of it our political representatives are on.

1 posted on 10/10/2006 11:56:18 PM PDT by lonewacko_dot_com
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To: lonewacko_dot_com

Speechless....utterly speechless, perhaps the fed will help me launder my drug proceeds!! For a fee of course.


2 posted on 10/11/2006 12:03:35 AM PDT by caresistance
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To: lonewacko_dot_com

With regard to illegal immigration our governments' policy is this: SHOW AS MUCH WEAKNESS AS POSSIBLE.


3 posted on 10/11/2006 12:35:08 AM PDT by navyguy
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To: lonewacko_dot_com

who better than politicians to know about rico?....what jerks...enabling illegals!!!!


4 posted on 10/11/2006 3:19:10 AM PDT by hnj_00
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To: lonewacko_dot_com

The Federal Reserve is an evil entity created in 1913 by evil men. Congress was bought off and the power of creating money was taken from the U.S.Government and put in the hands of private banks.

To cover their tracks, the consortium of private banks calls itself Federal, a lie.


5 posted on 10/11/2006 4:12:23 AM PDT by RoadTest (For there is not a just man upon earth, that doeth good, and sinneth not. -Ecclesiastes 7:20)
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To: lonewacko_dot_com

So the Feds want in on the $ transfers and are willing to break their own laws to get it?



"Additionally, the RICO provision regarding the unlawful encouragement of illegal immigration could justify a suit against a private entity, such as a bank, that accepts foreign-issued identification cards that are only needed by illegal aliens. One example of this, of course, is the matricula consular issued by the Mexican consulates in the United States. Since both the supporters of the matricula and those who oppose its acceptance agree that only illegal aliens have need to rely on the card, acceptance of the card knowingly encourages illegal immigration.

Some large U.S. financial corporations currently accept the matricula as primary or secondary ID for the purpose of opening bank accounts in the United States for illegal aliens. An illegal alien with a U.S. bank account, in which he or she may deposit illegally acquired funds, and out of which he or she may pay local rent, local utility bills, and send money abroad, is more likely to remain illegally in the United States. In other words, he or she is encouraged to remain illegally in the United States — such encouragement being a violation of Federal law.

When such a violation is done for the purpose of financial gain, as in the case of the financial corporations engaged in the practice, it is more than simply a violation of immigration law — it is racketeering. Also, those contemplating entering the United States illegally will be further encouraged to do so because of the added benefits they can obtain once they enter. Thus, it is reasonable to say that acceptance of the matricula is a violation of the INA and a predicate offense under RICO."


6 posted on 10/11/2006 4:55:24 AM PDT by Kimberly GG (Tancredo '08)
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To: lonewacko_dot_com

Does this mean that illegal immigrants can continue to play online poker?


7 posted on 10/11/2006 4:58:02 AM PDT by gore_sux (and so does Xlinton)
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To: lonewacko_dot_com

"...the U.S. Federal Reserve is devising programs to extend banking services to undocumented immigrants...."

Arrest the bankers for aiding and abetting criminals. Oh, I forgot. Committing crimes only applies to the serfs, not our ruling Marxist class.


8 posted on 10/11/2006 4:58:16 AM PDT by sergeantdave (Consider that nearly half the people you pass on the street meet Lenin's definition of useful idiot)
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To: lonewacko_dot_com
Remarks by then Fed Governer Ben Bernake in 2004
Financial Access for Immigrants: The Case of Remittances

9 posted on 10/11/2006 4:58:40 AM PDT by Ben Ficklin
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To: lonewacko_dot_com
Uggh, if I'm not mistaken, knowingly aiding and abetting a criminal, or any person for that matter, in the commission of a crime is a felony. It's called conspiracy. The Federal Reserve is attempting to allow illegal aliens to technically conduct business in this country for profit by the banking institution.

Therefore, IMHO, all persons in all government agencies that refuse to enforce the current laws with respect to illegal immigrants are out and out guilty of conspiracy. Those sworn agents of the government (department heads obligating to uphold current law, not opinionated policy) are committing felonies by promoting fiscal, medical, educational, commercial support for persons that have committed the crime of illegal entry into this country. And yet, The Federal Justice Department does nothing either. Technically, if proved in a court of law, not reporting a known crime to the authorities can send a person to jail for conspiracy and follows the same logic of The Good Samaritan Act. In many states, a person first on the scene and failure to stop and render assistance for an automobile accident, for example, can easily land you a fine, conviction, suspended sentence and community service.

Why in the world is this point not being brought out in the media by the conservative voices that have the opportunity? (i.e. Rush, Boortz, O'Reilly, Fox News, etc.?)

10 posted on 10/11/2006 5:43:09 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: lonewacko_dot_com

Further evidence of a Globalist conspiracy against the sovereignty of our country. How has in gotten so prevalent? Were We asleep at the wheel?


11 posted on 10/11/2006 5:51:15 AM PDT by wolfcreek (You can spit in our tacos and you can rape our dogs but, you can't take away our freedom!)
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To: wolfcreek
Were We asleep at the wheel?

Not quite. I'm starting to think that telling people to "wake up" is missing the point. They are awake. And it scares the piss out of me that they could be this easily herded.

The most dangerous and successful conspiracies take place in public, in plain sight, under the clear, bright light of day -- usually with TV cameras focused on them. L. Neil Smith

12 posted on 10/11/2006 6:01:33 AM PDT by Dead Corpse (Well, my days of not taking your seriously are certainly coming to a middle)
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To: lonewacko_dot_com

This is exactly why Jorge and the rest of the whores in Washingto will never get serious about stopping the influx of criminals into this country. As long as the banks are making money on this, it will continue.

The congresscritters on both sides of the aisle are great about blaming employers........how about imposing the same penalties on BANKS???????????????????????????


13 posted on 10/11/2006 6:15:23 AM PDT by newcthem (Brought to you by the INFIDEL PARTY)
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To: 1_Inch_Group; 2sheep; 2Trievers; 3AngelaD; 3pools; 3rdcanyon; 4Freedom; 4ourprogeny; 7.62 x 51mm; ..

ping


14 posted on 10/11/2006 8:14:28 AM PDT by gubamyster
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To: wolfcreek
Further evidence of a Globalist conspiracy against the sovereignty of our country. How has in gotten so prevalent?

It's been going on ever since WW2. What scares me is the current level of arrogance. Clearly, the New Ruling Elites have stopped even caring what we think. Their self-confidence shows how far things have gone.

Were We asleep at the wheel?

Is this a rhetorical question? Yes, of course we were. They played us, and they played us well. On the one hand, they distracted us with bread-and-circuses. On the other hand, they turned us off to politics with the phony mud-slinging and empty partisanship. Both Demopublicans & Republicrats used emotionally divisive issues like abortion, "death tax" and "gay marriage" as a smokescreen to hide the fact that they were working hand-in-hand to turn the United States of America into the Welfare Department of the "Global Community."

15 posted on 10/11/2006 8:18:51 AM PDT by AppleButter
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To: lonewacko_dot_com

I watch a lot of Spanish language TV (in the Washington D.C. metro area) and the mortgage companies routinely advertise that you don't need "papers" in order to get a mortgage.(So do the car dealers and auto insurance companies, who refer to "papeles del gringo") This has been brought to the attention of Congress, specifically the House and Senate Banking Committees, to no avail. Fannie Mae is in the vanguard of promoting illegal alien home ownership.


16 posted on 10/11/2006 8:20:19 AM PDT by 3AngelaD
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To: 3AngelaD

A 10% drop in housing sales would put the US into a recession, therefore the bastards in Washington are doing everything they can to fool us into thinking that everything is OK.

They'll do anything, including selling out our sovereignty to show us their hearts aren't rotten. It is time for a Tea Party!


17 posted on 10/11/2006 8:39:48 AM PDT by B4Ranch (Illegal immigration Control and US Border Security - The jobs George W. Bush refuses to do.)
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To: B4Ranch
It is time for a Tea Party!

It's been "time" since about the Carter administration. No one is showing any signs of doing a dang thing about it.

18 posted on 10/11/2006 8:48:01 AM PDT by Dead Corpse (Well, my days of not taking your seriously are certainly coming to a middle)
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To: AppleButter
Were We asleep at the wheel?

Is this a rhetorical question? Yes, of course we were.

Not all of us were asleep...Some of us have been preaching about this for decades...

And there will be a great many FReepers who claim to support a 'Free Republic' who will say this is a great idea...But doesn't any one wonder how many other 'things' the American Sheeple have been duped into believing???

19 posted on 10/11/2006 9:50:26 AM PDT by Iscool
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To: Dead Corpse
No one is showing any signs of doing a dang thing about it.

As Mahatma Ghandi said, "Be the change you want to see in the world."

20 posted on 10/11/2006 10:17:37 AM PDT by AppleButter
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