[Comparative Advantage]

“When a bank goes bust the FDIC only pays off on accounts where the owner/depositor has a social security number or a tax ID number.”

Don’t many illegals have TINs that they use to file for income tax refunds?

[muawiyah]

The way you get a TIN is you enter with a lawful visa ~ typically a student visa where it's going to be reasonable for you to have a bank account.

Then you overstay.

Happens every day.

The people I was pointing to usually do manual labor, live 20 to a house, and don't know about TINs, and probably aren't literate.