Americans for Legal Immigration are boycotting Bank of America

Wow, that's amazing! I totally agree with you. I don't thing that giving credit cards and money to someone who doesn't have the authorization to be here is a good idea at all.

I agree with all of your topic EXCEPT not giving credit to someone who is NOT a US citizen. I was a legal alien with a social security number, paid taxes, worked hard and while waiting on receiving my citizenship I had a credit card and got a mortgage on my house, why should I not be allowed to ..I was not illegal.

This is so wrong of the Bank of America to do this sort of thing. Okay if a person is a resident or citizen but not if they are an illegal. What happens when the person (illegal) defaults on the payments? Of course everyone else pays for it in the way of extra taxes, charges and interest. Certainly with a mortgage, the Bank might be able to sell the property and recover the money but often in this sort of cases the value of the property will not cover the debt as well as the cost of chasing up the money. It would be interesting to know if the Government is taking any sort of action against the Bank of America for what appears to be clearly illegal. I suppose the Bank could always claim they didn't know the person was an illegal alien/immigrant. This is highly unlikely to happen here in Australia, simply because of the laws we have in place here with regard to banking etc. A person has to provide all sorts of information, a copy of which the bank keeps, and get so many points before they can even open a bank account. Certain things have a certain number of points and things like electricity accounts have to be older than a certain amount of time. Similarly, birth certificates must have been issued more than a year prior etc. The same law applies to getting a passport too in that the person has to produce all this documentary evidence and all of it has to be more than a certain age.

It is amazing that a bank would even consider this. these people are criminals. Hence the word illegal aliens. Are they looking for a big loss? Tehse people move around to duck officials since they shouldn't even be here, why would they lend them money

The United States has gone very strict in its dealings with immigrants. It is the wish of the country to let in only desirable people who can help in continuosly catapulting it to greater heights. Yet, despite all the measures in place, many still find ways to get in. If that bank supports the illegal immigrants in your country, that in effect, folds many times over the problems of the country in his problem regarding these illegals. They will now acquire more to count on, as here comes something which will back them up with their financial requirements. This is tantamount to giving the signal that illegals are actually welcome. Honestly, I believe that the government must do something about this immediately in order to put the practice to a halt before the ill effects this is causing becomes magnified and, thus becomes pronouncedly felt throughout the country. Since laws are already instituted, it is just a matter now of enforcing it.

My concern would be how to track these people should they default on their payments. Without a SS #, won't they be harder to find? Then who will make up for the bank's financial losses from these defaulted loans? Short-term I can see the benefits to the economy. They'll be spending money, buying cars and homes, maybe even starting businesses with the borrowed money. But long term, when/if they start defaulting (obviously not all will), without means for collection, all the lost revenues would probably be detrimental to the economy. Not to mention make banks even more strict with their loan policies making it more difficult for hard working legal citizens to obtain the loans they need.

I have heard about the shady business that Bank of America has been doing but not in regards to this situation. They should not be giving out credit cards to illegal immigrants or home loans and something should be done about what they are doing. But I wonder how much the law can do about a company that big. They would probably just laugh at any fine that they were to receive or probably ignore any punishment handed down on them. I think Bank of America is actually hurting themselves more by offering credit to illegal immigrants as they probably do not have the funds to pay back any debts that they occur.

Well we have the same here in the UK people get Loans Credit Cards and Mortgages no Problems even though they have no National Insurance Number or Credit History and People like me get refused, also they get supplied with Mobile Phones and I mean the latest ones, Loans for Cars so you see it happens here to. I wonder if we got that if we went to that Country where the Illegal Immigrants have come from, I bet we wouldn't.

I my country credit cards and mortgages are not given out so freely. In order to get a mortgage, one has to produce 6 months bank statements and six months salary certificates. There will also be a credit check done on whoever is applying for the mortgage. The same applies to applicants for credit cards. I don't think any bank should be giving home loans and credit cards to illegal immigrants.

Yea, i hate the fact they are doing this...Its like telling the illegal immagrants "sure sneak into our country and get rewarded" :( I think there are too many sneaking into our country anyways, and the government is too busy with iraq and the crap over there to even turn a head towards it. Why cant we take care of our own country first, and then start sticking our noses into other country affairs...?

How can the illegal immigrants get by with that. I have to have my social security number before a bank will even talk to me. Everything that I do seems to require my social security card. I have my morgage through bank of america and they had to have my social security number. I guess it is who you know.

I think that if people are going to come here to America from other countries they should decide if this is their home country then they need to go through the legal avenues and become citizens. If they are not going to do that they they should not get the benifits such as no taxes, loans, credit cards, assistance or the many other benifits America offers. I am all for as many and who ever wants to come to America but do it legel and be equal to all the rest of us - not just take advantage and contribute nothing.

I do not agree with ilegal imigration as an emigrant who did it the right way i feel it is unfair to those of us who repected the law !

Oh, don't get me started on Illegal Immigrants! Any financial institution that gives credit or loans to anyone without American citizenship and a social security number has to be crazy. Oh wait, they don't care, because the American taxpayer will have to absorb the cost of bad loans that these banks give. Banks just take it as a tax lose and charge American account holders more to cover the losses.

I think that's B.S.!!! I don't want to get into a huge argument with a ton of people though so that's all I'm going to say...I think this world is going crazy!!!!

This certainly sounds very lax of a big organisation to be breaking the law in such a big way .. and if proven to be acting outside of current USA laws then I am sure at some point the US Governement will probably get around yo prosecuting them .. Sounds like a good idea for US citizens to avoid the bank both from an ethical and from a 'don't want to dirty my hands too' point of view ..

Why would the Bank of America give credit cards and loan money to illegals? Surely legal immigrants and citizens should be given first priority. Do they suppose that the illegals are poor persecuted people and there are no vicious criminals among them? Surely such aiding and abetting should be discouraged and the penalties made more severe.

Oh no, I think we should give them all the credit they want, so they can buy nice things and buy houses and then leave...you know, just pack up and go, leaving the rest of us to pay for their goods and some poor mortgage company to get stuck with a house because they could not make the payments. I am one of the Americans that is boycotting BoA because of this, Americans who have been busting their butts can't afford their homes and are losing them at a record rate...yet someone thinks that illegal aliens should be able to get mortgages - aren't these the same people who are working for less then minimum wage? Lets thing about this!!!

I am positive that the banks are not breaking any laws, since they control the lawmakers in this country. Bank of America and other banks have made billions from "illegal" immigrants through the granting of home loans, credit cards and cars. If the banks wanted to give mortgages to ducks the congress and senate would pass the law. Wake up America. http://www.zeitgistmovie.com/

Do ya suppose that if I sported an Irish accent and went there I could get me some free money. Because just like the vast majority of these people I wont pay it back.