Thursday, February 22, 2007

Bank of America Defends Dangerous Program

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

Click for More ComicsBank 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.

I haven't had much to say about this topic, but i have been dying to post the comic.

With regards to Bank of America, they are a disgrace. I don't bank with them now, I won't bank with them in the future.

H/t Barking Moonbat.

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