pew charitable trusts

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"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 illegally.

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 identification that's basically only of use to illegal aliens. In brief, Arnold Schwarzenegger and the state of California are actively helping banks profit from money that was earned illegally.