Despite criticism, firm tapping into billions in purchasing power....
This article was in Tuesday March 6, 2007 newspaper and after reading it, thought I would pass it along.
"When news broke that Bank of America Corp. was testing a new credit card for customers who may be illegal immigrants, the reaction was predictably harsh. Critics of illegal immigration called for a boycott and said the bank could be supporting terrorists and drug traffickers." I would not go quite that far, but I still believe what Bank of America and other banks are trying to do is just plain wrong. I see it more as discrimination because it is wrong and unlawful to cater to one group of people at the expense of another group. " Some outraged customers closed accounts and sent back their cards, chopped into little pieces. The bank's chief executive, Ken Lewis, admitted that "finding oneself in the middle of a heated national debate is never pleasant." But Bank of America isn't the first to offer such a card. Citigroup Inc. said it has done so for years and Wells Fargo & Co., says it's thinking about it. The cards are merely the latest progression for an industry that has spent millions to attract customers in the country's growing Latino community and amont the estimated twelve million illegal immigrants living in the United States." "While businesses can not legally employ undocumented workers, there are few, if any, restrictions on welcoming them as customers." Okay, I will accept their interpretation for the moment, but they still have not answered a very important question. If they persist in handing out credit cards to people who are here illegally and do not have social security numbers, as is requested of us to so much as breathe these days, who are they going to go after when no payments are made. How will they even know who the people are, where they live or if they are working, where? Or will they just arbitrarily hike up the interest rate again on the rest of us legal residents and citizens and pass along the debt to us? What happens to those illegal immigrants who are living in this country and they are not from Mexico? Are they going to be included or as the article states they will most likely be ignored. I gather from this article they only plan on courting the illegal immigrants who are from Mexico, why?
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