... 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.
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...
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,...
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 pate...
... 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
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 ...
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 situa...
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.&qu...
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 Consu...
[The money followed in the update.]
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 something about illegal immigration...
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 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 ...
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 produc...
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 ("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 ...
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 ...
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...
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 ...
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 immigr...
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 bot...
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...
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 ban...
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". The story was ...