[rsdefwgxvcfdts]

Unfortunately, since 9/11, the primary concern I have is security with respect to porous borders, thus my major concern with illegal immigration. There is a lag between the time that Mexico (and Canada) secure their borders to the level that we do (per NAFTA) and North America reaps the benefits that those who drafted NAFTA envision. In the interim, I believe we need to take more of a hard-ball approach to understanding exacly who is within our borders. Enabling non-documented aliens by offering credit does nothing to ensure security at this point. Bank of America should have waited before taking this move. I suspect they also did not take into consideration the probable Boycott many Americans may practice when making this business decision. Good thing this broke in the news before I changed banks (I was in the process of changing my bank to BoA, not gonna happen, now).

[bestonlinepharmasy2]

Thanks, Kramer. I skimmed it, but will have to read it all later (yeah, I'm on the job)

You're on the job getting paid while you're posting here? Wow! Does your employer know he's paying you to post here? Isn't that stealing your employers money, by doing what you want to do with the time your employer has bought from you? Where do you work? I want to work there too!

Gem

[Thifiadardivy]

Though I disagree with the practice of BOA, I heard on MSNBC that BOA is going to make the interest rate for these types of accounts somewhere like 28%.

[BJEugene]

So you are Hispanic, HUH???

Hard boiled 5th Generation Irishman, all man and a fighting son of a bitch! I think this fuckin Bank should be boycotted and their fuckin Charter jerked away from them!

Every card that is issued to Illegals shall be confiscated, cut up and the Debt forgiven, followed by a minimum $50,000 fine for each card!! Send the message to the fuckin banking industry!

[crestosssa]

I hate to say this, but this is just good business sense. Perhaps the idea of what they are doing is questionable, but it makes sense nonetheless.

[Louthcoombutt]

What is more confusing to me is that I understand BofA intend to offer home mortgages to illegals as well. Why would you lend thousands to someone to purcahse real estate in this country when they have no legal basis for residency here? That sounds crazy to me.

[rsdefwgxvcfdts]

Though I disagree with the practice of BOA, I heard on MSNBC that BOA is going to make the interest rate for these types of accounts somewhere like 28%.

I think I read that, too. The interest rate will be much higher than normal since they are higher risk.

I hate to say this, but this is just good business sense. Perhaps the idea of what they are doing is questionable, but it makes sense nonetheless.

I've been trying to figure out how it is good business sense. I considered that they plan to charge the higher rate for non-documented illegals so they may be compensating for that increased risk. But I think no matter what the rate is they charge, the risk is higher than that increased rate will be able to cover - just my thoughts. I think, regardless of the rates they charge, once this starts, BoA will see huge numbers under their bad debt/write-offs during the next fiscal year. They will have to offset that somewhere and I'm wondering how.

[rsdefwgxvcfdts]

Plus, BoA will lose some of their goodwill and it will be interesting if the Boycotte many plan will have a significant effect.

[dittygari]

Wouldn't these credit cards still work whether the illegals were here or in another country? Not that I agree, but it does make a certain amount of business sense, imo.

[regfortruegoo]

What is more confusing to me is that I understand BofA intend to offer home mortgages to illegals as well. Why would you lend thousands to someone to purcahse real estate in this country when they have no legal basis for residency here? That sounds crazy to me.

Especially if they are deported and can no longer pay the mortgage. It sounds like bad business to me

[Andoror]

I would look at other motives also. The poor using banks as deposit and withdraw is a drain on the bank, not a revenue…

[Andoror]

Credit card usage requires photo I.D. and gives a means to track money and people.
I would look at other motives also. The poor using banks as deposit and withdraw is a drain on the bank, not a revenue…

[MegaJIT]

I hate to say this, but this is just good business sense. Perhaps the idea of what they are doing is questionable, but it makes sense nonetheless.

Absolutely it's good business. If I was a banker I might do the same thing. What's bad is politicians who pretend to care about illegal immigration but will not address the reason for that immigration. Namely the businesses who profit by employing illegals or providing them services.

[casinobonusa]

It has occured to me that the Republicans on here want more profittable business, but they don't want it coming from illegals. You can't win them all. It's still business and it helps the economy. Sorry, guys.

[24MurinivaMak]

Though I disagree with the practice of BOA, I heard on MSNBC that BOA is going to make the interest rate for these types of accounts somewhere like 28%.

Does that make it better for you?

That makes it twice as bad for me. First they encourage illegals and then they take advantage of them.

B of A sucks.

[Seiblybiozy]

Does that make it better for you?

That makes it twice as bad for me. First they encourage illegals and then they take advantage of them.

B of A sucks.

Do you understand the millions of taxpayers money the illegals took from us?
They took far more advantage of us than we'll ever do to them.

I say B.O.A. is doing something illegal by granting them credit. When I got a bank account and credit cards, I had to sign papers and have a social security number, how the hell are the illegals getting this stuff without the same identity information?

[casinobonusa]

I agree that all the terms and fees and whatnot should apply to illegals as they do US citizens and if they don't, then that isn't very fair.

[annouhMus]

What is more confusing to me is that I understand BofA intend to offer home mortgages to illegals as well. Why would you lend thousands to someone to purcahse real estate in this country when they have no legal basis for residency here? That sounds crazy to me.

n Agreed, it sounds nuts to me too, Now I remember why I boycotted B of A some fifty years ago. ( Last year I relented and got a card.)

Yesterday, I got rid of it.

[sarasaraseda]

You're on the job getting paid while you're posting here? Wow! Does your employer know he's paying you to post here? Isn't that stealing your employers money, by doing what you want to do with the time your employer has bought from you? Where do you work? I want to work there too!

Gem

Ummmmm........I own the company.

[24MurinivaMak]

Do you understand the millions of taxpayers money the illegals took from us?
They took far more advantage of us than we'll ever do to them.

I say B.O.A. is doing something illegal by granting them credit. When I got a bank account and credit cards, I had to sign papers and have a social security number, how the hell are the illegals getting this stuff without the same identity information?

"We" are not BofA. If BofA makes a profit off illegals "we" don't get any of that as tax payers. Your point makes no sense.

I am against employers hiring illegals. I am against banks giving them credit cards and bank accounts. I am against ALL the profit made on the backs of illegal aliens. Obviously our government is all for it.