Wait until the IRS convinces the Congress that an ITN (Individual Taxpayer Number) is sufficient "ID" to get a loan. Then these mortgages will be legal.
Posted on 05/28/2005 9:57:39 PM PDT by smoothsailing
Banking on illegals
By Dimitri Vassilaros
TRIBUNE-REVIEW
Sunday, May 29, 2005
New South Federal Savings Bank is giving illegal aliens home mortgages to help them realize the American dream.
Its Casa Mia program is designed to help tax-paying immigrants "without traditional forms of documentation" -- like anything indicating they are Americans. Remedios Gomez Arnau, consul general of Mexico in Atlanta, is working closely with the massive Alabama-based bank "to ensure the accurate identification of Mexican immigrants." Said Senor Arnau: "We are excited to see a loan product specifically aimed at helping Mexican immigrants."
New South describes itself as Alabama's largest thrift with $1.4 billion in assets. It has residential mortgage loan offices in 13 states and services home loans in 30 more, the District of Columbia and the Virgin Islands. If enough illegals apply, New South plans to offer Casa Mia mortgages in Atlanta, Phoenix and Houston "in the near future." Unless, that is, the bank officers are arrested for helping to harbor illegal aliens.
'CLEAR VIOLATION'
"What this bank is doing is a clear violation of the U.S. Immigration and Nationality Act," said Craig Nelsen, executive director of Friends of Immigration Law Enforcement. FILE describes itself as an association of legal and legislative volunteers working on behalf of Americans to ensure that immigration law is being enforced. "If any loans are issued, they are liable for arrest," Nelsen said. "On TV, you see poor Mexican kids being led away in handcuffs. We need these bank directors led away in handcuffs."
It is a felony to encourage an alien to reside in the United States, knowing that such residence is in violation of the law, Nelsen stated in a letter to New South.
It is hard to imagine almost any court taking seriously ...CONTINUED AT LINK BELOW....
(Excerpt) Read more at pittsburghlive.com ...
I seem to remember you posting that you were not yet a citizen of The United States. So what's up? Are you in line for a loan too?
ping
"Do you buy goods or services from any companies that employ illegal aliens? If so you are as morally responsible for facilitating the residency of illegal aliens as a bank that loans them money."
Now let's study what you just said here.
I have attempted to turn in illegals many times over the last 10 years. Not once has anything been done about it, and twice I was close to being reprimanded for having done so.
"
"Do you buy goods or services from any companies that employ illegal aliens?
Not knowingly, but the estimate in Ventura County where I live is 150,000 illegal mexicans in a population of 800,000, and I am certain 75000 are in the city right next to mine, so you tell me!!
"If so you are as morally responsible for facilitating the residency of illegal aliens as a bank that loans them money."
So there is no distinction between me shopping at a grocery store that might have illegals in the shipping area, and Bank of America openly advertising and soliciting for illegal immigrants? Maybe the Administration Mods will not find this as mortifying as I do. Give em a jingle, and stop wasting our threads.
Banks are the second biggest crooks in the world, Wall Street investment houses, like Goldman Sachs are the first.
Obviously, you know little or nothing about law, and positively nothing about banking laws.
Well, I know one thing for sure. Using logic in an argument has no apparent effect on bayourod. He just continues to spew the same old recycled talking points that we're used to hearing from the pro-illegal immigration crowd. I have no doubt that bayourod will go to his grave still praising the virtues of illegal immigration.
I meant that they are soliciting for depositors who are illegal. I know they can't legallly write mortgage paper yet, but they are lobbying fiercely for it.
"I don't condone the violation of federal laws by people who hire illegals."
Of course you do.
I agree. President Bush continues to allow in thousands from the Mid East on visas every month. Clearly 911 didn't alter policies or the cultural climate.
White Fang
Before posting something like that about another FReeper you should at least check their profile page.
Ok. I take it back.
So, what's in it for you?
Wait until the IRS convinces the Congress that an ITN (Individual Taxpayer Number) is sufficient "ID" to get a loan. Then these mortgages will be legal.
Not to worry. I'm sure that now this is out in the open, the president will make it a high priority to see that they're prosecuted to the fullest extent of the law. < /sarcasm >
Are you sure about not writing mortgage paper? I thought that they could. Did you ever see this thread from earlier this month?
Sharing in the dream (MAJOR Deceptive Title Alert!!!)
http://www.freerepublic.com/focus/news/1394558/posts
That is the only thing stopping them right now.
Yes I saw it, and if you read it carefully, the banks are TRYing to do this.
Best,
IA
which I guess I didn't... :^)
the banks are TRYing to do this.
I'll re-read the article.
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