Banking on Illegals (Blatant criminality..UNREAL!)

The Pittsburgh Tribune Review ^ | 05/28/05 | Dimitri Vassiloros

[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....

[smoothsailing]

New South is a big outfit. This just blows my mind.

[c-b 1]

The love of money is the root of all evil.

[Lijahsbubbe]

IIRC, this is happening in Wisconsin also.

[Centurion2000]

"What this bank is doing is a clear violation of the U.S. Immigration and Nationality Act," said Craig Nelsen

And they will get away with it.

[garyhope]

I don't believe American's can own property in Mexico. You get a long lease. I could be wrong but the point is there is no equal reciprocity or quid pro quid with Mexican law for Americans.

[Brad’s Gramma]

BTTT!!!

[bayourod]

An SBA loan officer with a major financial institution told me that immigrants have a much lower default rate than non-immigrants.

Banks are in business to make profits,

[international american]

Are you kidding? Bank of America and Wells Fargo are doing the same thing!!!!

[international american]

"Banks are in business to make profits,"

So are heroin and meth dealers.

[international american]

And Bush looks the other way on all counts.

[Red Sea Swimmer]

The words "Banking" and "Sovereignty" don't appear in the same dictionary.

[eddie willers]

And they will get away with it.

Until all the defaults start to come in.

Stupid...if nothing else.

[oceanview]

I guess working off the books and paying no taxes gives them more cash to pay their mortgages.

[Eagles6]

I am in the business. I would like to see some facts on that.

[international american]

bayourod is pro Mexican illegal immigration. Read his last 100 posts.

[Euro-American Scum]

And Bush looks the other way on all counts.

And we still worship the ground he walks on.

[Eagles6]

Also this article is about illegals as opposed to legal immigrants.

[international american]

Plus it allows the wife and 4 kids food stamps, section 8 housing, Medical and Dentical(30 grand in perks)