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federal deposit insurance corporation: Page 1

Discussed in (click each link for the full post):

The Economist in 2004: "More Mexicans, please" (promoted home loans to illegal aliens) - 12/14/09

... Michael Frias, an official with the Federal Deposit Insurance Corporation (FDIC). “They're looking at this as a long-term proposition.” Indeed, and we'll be paying for the decisions made by the FDIC and those like them for a while. For more on this from around the same time as the Economist article, see this, this, this, and more recent examples of this type of corruption are listed on the...

Dianne Feinstein wanted $25 billion for FDIC after they gave her husband a real estate deal - 04/20/09

From this: On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband's real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms. Mrs. Feinstein's intervention on behalf of the Federal Deposit Insurance...

"Bank on Los Angeles": city helps corrupt banks profit from illegal activity - 03/25/09

The City of Los Angeles recently announced a new public-private partnership called "Bank on Los Angeles" (bankonla.com) that's designed to help 10,000 low-income residents who don't have bank accounts ("the unbanked") open up accounts. It's also open to illegal aliens [1], and that means that Los Angeles City will be encouraging corruption by helping major banks profit from money that was earned...

Bill Clinton, Arnold Schwarzenegger promote corruption, try to fool people about "unbanked" program - 01/24/08

... mainstream... In coordination with the Federal Deposit Insurance Corporation, we will partner with financial institutions to increase the supply of starter accounts that work for unbanked consumers and banks. We will form regional coalitions of financial institutions, mayors and community groups to market accounts and help the unbanked build financial literacy. And we will build on work...

San Francisco approves ID card; corruption in plain sight; Tom Ammiano? - 11/14/07

The San Francisco Supervisors have approved a city ID card for everyone, including illegal aliens (link). While this will be sold as either a wacky plan from the far-left or a common-sense solution, the more likely reason this was pushed through is hiding in plain sight: [Bill author, supervisor Tom Ammiano] said banking institutions in San Francisco have signaled their willingness to accept the...

Why is the FDIC helping illegal aliens get home loans? - 08/03/05

I asked that in last year's "Who is the FDIC? And, why are they working with a foreign government to subvert our laws?". The blog-like article "Mortgages for Illegal Aliens Encouraged by FDIC" has another round-up on this issue.

Most banks would sell the kidneys of Brazilian garbage men if they could get away with it - 03/16/05

So, it shouldn't come as much of a surprise to find them doing something not nearly as bad but still quite disturbing. Namely, giving home loans to illegal aliens. The article "Banks Find Mortgage Clientele in Undocumented Immigrants" is the latest in a string of reports about banks funding loans using ITINs ("individual taxpayer identification numbers") rather than social security numbers.

Who is the FDIC? And, why are they working with a foreign government to subvert our laws? - 09/20/04

The FDIC - "an independent agency of the federal government" - is working with the Mexican consulate in Chicago, banks, and community groups to give home loans to "immigrants." If they're legal immigrants, and thus American citizens (or on their way), why is a foreign government involved? The article "NWI banks offer home loans to undocumented immigrants" (link) explains why: TCF Bank is the...