Bank of America launches credit card for illegal immigrants

Discussion in 'Other News' started by littlebit, Feb 13, 2007.

  1. littlebit

    littlebit Light Load Member

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    Bank of America, the country's second-largest bank, "has quietly begun offering credit cards to customers without Social Security numbers -- typically illegal immigrants," according to the Wall Street Journal.

    Customers can qualify for a credit card if they have had a checking account at the bank for at least three months. They are required to leave a deposit and pay a relatively high interest rate, according to the paper.

    The program is controversial. Bank of America says it will help undocumented workers build good credit. But critics say one of the USA's largest financial institutions should not be helping people who violate the country's immigration laws.

    http://blogs.usatoday.com/ondeadline/2007/02/bank_of_america.html
     
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  3. panhandlepat

    panhandlepat Road Train Member

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    absolutely positvely REDICULOUS!!!!!
    no way in heck should they be doing that!!!!!
     
  4. joendeniese

    joendeniese Medium Load Member

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    Hey, they are letting them get mortgages so they can realize the "American Dream."
     
  5. bigirishwarrior14

    bigirishwarrior14 Bobtail Member

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    wow, just wow.. guess u can do illegal here and they dont care.
     
  6. sevenmph

    sevenmph Road Train Member

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    Unbelieveable! How much more economic turmoil? How much more of our infrastructure must be bursting at the seams before something is done?
     
  7. Ronnocomot

    Ronnocomot Road Train Member

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    Bank of America, formerly based in San Fran? Imagine that.
     
  8. joendeniese

    joendeniese Medium Load Member

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    Yeah, not such a leap, is it?!
     
  9. jamwadmag

    jamwadmag Road Train Member

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    Fox News
    Wednesday, February 14, 2007

    WASHINGTON — Lawmakers are lashing out at Bank of America Corp. over its new program to offer credit cards to customers without Social Security numbers, saying it creates a dangerous loophole for terrorists and illegal immigrants.

    Rep. Tom Tancredo, R-Colo., called for a federal investigation of the program on Wednesday, sending Attorney General Alberto Gonzales and Homeland Security Secretary Michael Chertoff a letter requesting a review of the program.

    "After September 11, we were told that money was the lifeblood of terrorists, and that we should do everything possible to block their access to financial resources," Tancredo said in a statement. "Today we are hearing a far different message: Bank of America, it's everywhere terrorists want to be."

    Another Republican lawmaker criticized the program, saying it should be stopped to avoid security risks with illegal immigrant members of the program.

    Poster Note: So where are the Dems who need the Hispanics for their voter base?!!
     
  10. jamwadmag

    jamwadmag Road Train Member

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    New name, and even tho you cant get a 'Green Card,' they will give you a 'Gold Card!'
     
  11. joendeniese

    joendeniese Medium Load Member

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    Apparently, the green card is no longer a coveted item... nor a necessary one.
     
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