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calendar   Thursday - February 22, 2007

Bank Of America Defiant

Are you a legal American citizen who works hard for your money, pays your taxes and follows the rules? Do you still have a bank account or credit card with Bank Of America? Why?

Not only are they determined to give credit cards to illegal aliens but they really don’t care what you may think about it. My accounts are all closed and moved to another bank. What are you waiting for?

Bank Of America Defends Immigrant Card Program
NEW YORK (Reuters) - Thu Feb 22, 2007 2:45PM EST

imageimageBank of America Corp. is defending its decision to offer credit cards to people who don’t have U.S. Social Security numbers, amid criticism that the program effectively endorses illegal immigration. The bank’s pilot program, revealed last week, focuses on Hispanics in the Los Angeles area.

It has spurred opposition in Congress and from grass-roots groups who say many illegal immigrants could benefit, and that the program might foster identity theft, money laundering and terrorism.

Bank of America Chief Executive Kenneth Lewis defended the program on Thursday in The Wall Street Journal. This came after some groups called for a boycott of the No. 2 U.S. bank by assets. They say their efforts are bearing fruit.

William Gheen, director of the National Illegal Immigration Boycott Coalition, said his group has collected hundreds of e-mails from people vowing to cancel accounts and move mortgages. The group said it has more than 11,000 signatures on its petition calling for a boycott of Bank of America.

“What Bank of America is doing is illegal, or should be,” Gheen said. For its part, Bank of America has not seen “any unusual business activity” resulting from responses to the pilot program, spokeswoman Alexandra Trower said.

“Some (customers) are very supportive, while others are not supportive,” she said. “That is why we undertake pilots.” The Pew Hispanic Center estimated there were 11.5 million to 12 million illegal immigrants nationwide a year ago.

That’s up from the Census Bureau’s 8.7 million estimate for 2000. The total population is 301.2 million, the bureau said. Bank of America’s roots date to San Francisco in 1904. That year, Amedeo Giannini, a son of Italian immigrants, founded the Bank of Italy to serve “the little guys,” including immigrants that other banks wouldn’t touch.

In his Thursday opinion piece, Lewis admitted it is not pleasant to be caught a century later in the “heated” national immigration debate, and that he was “feeling the passion.”

Still, he pledged to continue the card program, which he said complies with the USA Patriot Act and other laws. Lewis said illegal immigrants can obtain cards at many U.S. banks and businesses, and that Bank of America requires other identification to open accounts.

- More ...


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Posted by The Skipper   United States  on 02/22/2007 at 04:16 PM   
Filed Under: • Illegal-Aliens and Immigration •  
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Not that very many people ever read this far down, but this blog was the creation of Allan Kelly and his friend Vilmar. Vilmar moved on to his own blog some time ago, and Allan ran this place alone until his sudden and unexpected death partway through 2006. We all miss him. A lot. Even though he is gone this site will always still be more than a little bit his. We who are left to carry on the BMEWS tradition owe him a great debt of gratitude, and we hope to be able to pay that back by following his last advice to us all:
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