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Banks and illegal immigration

One of the nearly-overlooked aspects of the immigration issue is the role that banks play. That's surprising since around 20 billion dollars flows from Mexican citizens in the U.S. back to Mexico each year. Some Caribbean countries (such as Haiti) get an even greater percentage of foreign income from such money flows. And, a good portion of that flow is from illegal aliens, and the money they send home was earned illegally.

While illegal immigration is presented by its enablers in the media and in advocacy groups purely as a human issue, it's actually more a matter of big money.

Plenty of banks (and the Federal Reserve) want to tap into the money that's sent from the U.S. to foreign countries, whether the money was earned illegally or not. And, plenty of banks want to tap into related markets such as opening savings and checking accounts for illegal aliens or giving them home loans. They know the money was earned illegally, but they don't care. And, they find plenty of corrupt politicians willing to help them profit from illegally-earned money in exchange for campaign contributions or other benefits.

See the entries below for specific examples of banks trying to profit from illegally-earned money in one way or another. One easy thing you can do is ask The Nation why they spent a year investigating Lou Dobbs at the same time as ignoring Wachovia, Bank of America, Wells Fargo, and all the rest.

Last modified Feb 23, 2011
Discussed in (click each link for the full post):

Childlike Frank Keating of American Bankers Assn uses Reagan to promote amnesty, loose borders - 11/11/13

... Keating's association wants, see the immigration banks page. Keating doesn't appear to have a personal Twitter account, but please contact @ABABankingNews with your thoughts. Also, look up those who promote Keating's piece such as @danschnur and let them know what you think. Even better, discredit those promoters to the people they talk to on Twitter..

Bill de Blasio's immigration position will enrich the wealthy, harm American poor (New York City) - 10/15/13

... want. See also the entries on the immigration banks page for others de Blasio would help. For discussions of state and local ID cards designed to help banks profit, see the relevant entries on the New Haven, Los Angeles, California, and San Francisco pages. And, regarding private detention centers and another group whose immigration stance ends up helping the wealthy at the expense of the poor,...

Los Angeles ID cards for illegal aliens: follow the money and power (Alarcon) - 09/11/12

... Deposit Insurance Corporation. See immigration banks, Federal Reserve, and unbanked for even more on this issue. How do you stop efforts like this? By following the money and exposing those who want to profit from illegal activity (including government officials and government agencies). For instance, contact those who pretend they do real investigative reporting and publicly challenge them to...

Wachovia Bank admits laundering billions in illegal drug profits (+Bank of America; Wells Fargo) - 07/05/10

... too-big-to-fail theory... Also see immigration banks for domestic examples of banks trying to profit from money that was earned illegally, as well as those like Arnold Schwarzenegger who want to help them.

Doug Irving /OCR, United Way help banks profit from illegally-earned money - 02/01/10

At the end of 2008, Arnold Schwarzenegger launched "Bank on California", a California state program that encouraged the "unbanked" to open bank accounts. Since the "unbanked" are largely illegal aliens and since their wages are earned illegally, California's governor is using state resources to help private companies profit from illegal activity. Now, Doug Irving of the Orange County Register...

America.gov promotes banks profiting from money earned illegally ("unbanked", Matt Herrick) - 05/20/09

America dot gov - run by the U.S. State Department - recently promoted Canadian-style multiculturalism. Now they'd decided to promote banks profiting from money that was earned illegally. America.gov staff writer Matt Herrick offers "Banking the Unbanked/Alternative financial services attract immigrants" [1]: Compared to native-born Americans, immigrants like Gama are not only poor, but also...

Gordon Crovitz /WSJ: millions of Americans are unemployed, so let's ramp up immigration - 04/27/09

Former Wall Street Journal publisher Gordon Crovitz offers "We Need an Immigration Stimulus/A recession is exactly when we want innovative outsiders" (link). Bracketed by various absurdities, he offers the following stats: Companies founded by immigrants include Yahoo, eBay and Google. Half of Silicon Valley start-ups were founded by immigrants, up from 25% a decade ago. Some 40% of patents in...

Gavin Newsom runs for California governor; *highlights* SF as sanctuary city, helping corrupt banks, and more - 04/21/09

... that was earned illegally (see immigration banks), a program that gives non-emergency healthcare to all including illegal aliens, and a city ID card for all including illegal aliens. He's also looking for people to send him policy ideas, and you might want to send him some polite suggestions: issues *at* gavinnewsom.com

"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...

Obama 3/24/09 press conference: border initiative seeks stop flow of illegal guns and money - 03/24/09

The transcript of Barack Obama's 3/24/09 press conference is here. In addition to several of the to-be-expected useless questions from the English-language media, he took one from a Univision reporter: Today your administration presented a plan to help curb the violence in Mexico and also to control any or prevent any spillover of the violence into the United States. Do you consider the situation...

San Francisco city ID card helps illegal aliens find work, banks profit from illegally-earned money - 02/23/09

From this: San Francisco City Hall started issuing municipal photo identification cards to city residents on Jan. 15, regardless of their immigration status. "The SF ID card program is great," said Dr. Carlota Del Portillo, dean of the Mission campus. "It will be available for San Francisco residents only. If you live in Daly City, for example, you will not be able to have one." Of course, if...

Schwarzenegger helps banks profit from illegal activity ("Bank on California") - 12/14/08

California governor Arnold Schwarzenegger has launched a program called "Bank on California" that seeks to give bank accounts to 100,000 of the "unbanked": those who currently don't have either a checking or savings account. However - right on their front page (bankoncalifornia.ca.gov) - the program states that it accepts as ID the Mexican government's Matricula Consular card, a form of...

Stephen Fuller/George Mason University: are you sure you're a professor of public policy? - 04/25/08

[The money followed in the update, and also see the 9500 Liberty page.] Stephen Fuller/Stephen S. Fuller of George Mason University - supposedly a professor of public policy - is featured on the latest video from 9500 Liberty. On the video (called "IMMIGRATION Crackdown HURTS Our Economy", link) he discusses the dire consequences of Prince William County in northern Virginia trying to do...

Candid emails from opponents Oklahoma's anti-illegal immigration law (1804, Harry Coates, Spirit Bank) - 04/11/08

Oklahoma passed an anti-illegal immigration bill (1804) last year and various forces are apparently trying to weaken it or repeal it. Late last month the Oklahoma Bankers Association released a study claiming that the bill could cost residents of the state $1.8 billion (link). One of the opponents is state Sen. Harry Coates, whose family just happens to own a roofing company. Now, some apparently...

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

Bill Clinton and Arnold Schwarzenegger join forces to offer "Beyond Payday Loans". The two promote plans to help the "unbanked" (those without checking accounts), and in so doing completely mislead about the seemy underbelly of their proposals: the San Francisco program they mention is designed in large part to give banking services to illegal aliens. They don't even hint at that: ...[The...

Chase, Citibank, Laredo National Bank get desk inside Mexican consulate in San Antonio - 11/21/07

From this: The Consulate General of Mexico signed an agreement Monday with three U.S. banks that could make Mexican nationals more comfortable with the banking industry. Chase, Citibank and Laredo National Bank will take turns each day manning a desk in the Mexican Consulate on Navarro Street [in San Antonio]. They will answer questions for Mexican nationals about financial services and...

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...

San Francisco: ID cards for illegal aliens (Tom Ammiano, Gavin Newsom, banks) - 09/07/07

San Francisco ("Frisco") is a true humanitarian city, a city that cares. Their latest proposal has nothing to do with making some people money or obtaining race-based power! Don't bother following the money and/or power trail, it isn't there. They just care about undocumented persons: San Francisco Supervisor Tom Ammiano is drafting legislation to create a city identification card for immigrants...

New Haven: John DeStefano has financial interest in illegal immigration? - 07/26/07

As previously discussed, New Haven Connecticut is passing out ID cards to their residents, including illegal aliens. The program was designed by a current city employee who used to head up a non-profit organization (Junta for Progressive Action) that's collaborating with the Mexican government. Now, it turns out that Mayor John DeStefano or others may have a financial stake in the matter. It...

New York Times alludes to Mexican meddling via consulates (Little Rock) - 05/23/07

Randal Archibold of the New York Times offers "Debate Raging, Mexico Adds to Consulates in U.S." about Mexico's latest outpost, this one in Little Rock, Arkansas. Somewhat to my surprise, they actually include some of the downsides and question some of Mexico's motives although, of course, they don't go far enough. This is just a fly-in report, not investigative journalism: Increasingly, [Mexico...

Bob Barr takes Bank of America's side; did the ACLU get to him? - 03/02/07

Former Republican Georgia Congressman Bob Barr - also an advisor to the ACLU, a group indirectly linked to the Mexican government - comes out in support of Bank of America's credit card for illegal aliens in "Immigration indigestion" (link). He ends up sounding like Bill Press, and makes the same fundamental error as he did: When word surfaced recently that some banks, such as Bank of America,...

Wells Fargo considers credit cards for illegal aliens - 02/27/07

Apparently, Chris Casacchia of the Business Journal of Phoenix contacted various banks asking whether - like Bank of America - they were going to give credit cards to illegal aliens. A JPMorgan Chase & Co. spokeswoman said they have no such plans. Compass Bank "were not prepared to comment" for the story. However, as could be expected, the bank that put support for illegal immigration on the...

The Bank of America boycott - 02/16/07

Via this and this we learn that alipac.us has started a website called bankofamericaboycott.com. They're boycotting that bank due to their decision to give credit cards to illegal aliens. It would be nice if sites like that would spend a couple hundred dollars or so coming up with a nice design, and I'd also suggest weaving those keywords into the text rather than putting them at the bottom, 90s...

Wells Fargo knows many of its customers are illegal aliens - 02/14/07

The not-exactly-in-depth L.A. Times article "Banking on illegal immigrants" by E. Scott Reckard, David Streitfeld and Adrian G. Uribarri discusses the backlash to Bank of America's credit card for illegal aliens. It informs us: "At face value the program seems to be problematic," said Russ Knocke, a [Department of Homeland Security] spokesman. "It seems to be lending itself to possibilities of...

Bank of "America": credit cards for illegal aliens - 02/12/07

Bank of America is currently offering credit cards to residents of Los Angeles County who only have ITIN numbers and who don't have either a social security number or a credit history. That strongly implies that those credit recipients are illegal aliens. Later this year the bank hopes to expand the program nationwide. For those who don't understand why this is horrifically bad, this bank is...

Pahrump anti-illegal immigration ordinance; bucks rotting in the banks? - 10/12/06

The city of Pahrump Nevada - former home to Art Bell - is considering a "Hazleton-style" ordinance, but with the additional twist of trying to block banks from doing business with illegal aliens. In response, Timothy Pratt of the Las Vegas Sun offers a slab of pro-bank propaganda in "Bank on it becoming more difficult if Pahrump's anti-immigrant act passes" (link). The story was picked up by the...

Banks worried about being called felons just because they may have aided and abetted illegal aliens - 05/09/06

The Chicago Tribune's "Immigrant bill worries banks" from Becky Yerak informs us that officers of banks that give home loans to illegal aliens are worried about being named as felons if HR4437 passes. As discussed below [1], if a bank knows that someone is here illegally, and then gives them a home loan that allows them to stay here illegally, hasn't that bank committed a felony under current...

Blagojevich gives illegal aliens better deal than veterans - 01/27/06

Gov. Rod Blagojevich of Illinois is truly a piece of work. His latest attempt to give benefits to illegal aliens is opening a state-sponsored low-interest mortgage loan program to citizens of other countries who are here illegally: "People who are working hard, paying their taxes, are of good moral character ... regardless of their immigration status, they, too, should be able to share in the...

"Banks aim to help immigrants send money home" - 01/27/06

What a heart-warming title to this CSM report (link). Of course, they don't go into the downsides: billions of dollars is flowing out of the country and being used to prop up corrupt foreign governments and depriving those countries of the citizens and industries they need to improve. And, that encourages those corrupt governments to send us even more of their people. And, many of those "...

"New ID Cards Help Immigrants Keep Their Money Safe" - 09/30/04

The following is an alleged news report from Austin TX's KXAN: The Mexican consulate has announced a program which puts a face, literally, on thousands of Mexican immigrants. Authorities say something as simple as an identification card will save money and lives. It's an important day for immigrants. Many of them live and work in the shadows, with no formal identification card and no place...

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...