Just read an interesting article from the Los Angeles Business, which indicates that 74 percent of the respondents in an informal poll are against Bank of America’s “no SSN needed” credit-card product.
Pretty interesting since in Los Angeles, even the LAPD (Los Angeles Police Department) can’t ask if someone is there legally, or not.
A lot of people seem to be upset that this financial product will help enable illegal immigration and make it (easier) to commit identity theft and credit card fraud.
Criminals and a lot of illegal aliens are already using other people’s social security numbers. Obtaining a fake SSN is no problem in Los Angeles, or just about any other area in the United States.
A lot of illegal aliens pay for the credit they get with other people’s identities. After they assume and probably (pay for) a good identity, it isn’t prudent to invite negative attention.
So far as illegal immigration, Bank of America isn’t the only company enabling illegal immigration. In fact, they are merely going after a market segment, that has no problem finding employment.
Even if fraud does go up, I doubt Bank of America is planning to lose any money off this product. High interest rates and a hefty fee structure can cover a lot of fraud write-off.
With that thought in mind, is Bank of America taking advantage of the very people, they claim to be helping?
Just this week, Congressional hearings were held about credit card companies taking unfair advantage of the public with the interest rates and fees, they already have in place.
USA today has an interesting editorial about the hearings entitled “When interest rates hit 32%, there ought to be a law.”
So far as the fraud aspect, there are many who think part of the problem is that the industry has been issuing credit, somewhat irresponsibly. This makes it pretty easy to commit credit-card fraud.
Another big story this week is the Visa summit, where the payment card industry is meeting to discuss fraud issues. Perhaps, high interest rates and hidden fees aren’t covering fraud losses as well as they used to?
Recently, merchants and credit issuers have been arguing about who should be responsible for eating the costs in data-breaches. All is not well within the industry, itself.
I’m not sure how much all these events tie in together, but maybe someone should start listening to the honest customers?
After all, when all is said and done, honest customers end up paying for all the fraud, as well as, the salaries of those selling these financial products.
Maybe what we really need to do is figure out why credit card fraud and identity theft is so easy to commit. Hopefully, the Visa summit will be a forum that will inspire some good ideas (and commitments) that can be put into practical use.
Interesting comments from readers (potential customers) courtesy of the Los Angeles Business, here.
2 users commented in " What a santuary city (Los Angeles) thinks of BofA and their no SSN credit-card product "
Follow-up comment rss or Leave a TrackbackWhat is a “santuary” city?
The most serious problem American Faces is not Terrorism but the Mass Invasion from Mexico. The Largest Invasion in World History is destroying our Schools, Medical Systems, Judicial System, and the Rule of Law, while Slaughtering, Raping & Robbing Americans by the 10,s of thousands. They are destroying our Social cohesion & turning us into a Cesspool of Crime, Corruption, Benefiting the Rich paid for by the poor & Middle Class! If this is not addressed it will lead in time to Riots, Fires & Civil unrest on a scale greater than the 60,s and possibly Civil war!
Both Democratic and Republican administrations have ignored Article IV Section IV of our Constitution & our Laws that is supposed to protect this Country from Invasion!
President Bush has not only ignored our Constitution & Laws he has Aided, Abided, Encouraged and Collaborated with a foreign government to Subvert our Constitution! To ignore our Constitution is grounds for Impeachment, to engage in Subverting our Constitution is Treason!
This Policy continues today even after the Wake-Up call of 9/11!
When you have Senators that are swore to Defend the Constitution & Uphold our Laws encourage Criminals to break them then you have Criminals for Politicians! When our Politicians that think our Constitution is just a damn piece of Paper & Laws are meant to be broken then we are headed down the Slippery Slope of Anarchy!
Illegal Aliens start by breaking the Law by Arriving Illegally using Forged Document and engaging in a wide range of Illegal Activities that would get an American Citizens Fined and in Jail.
If an American Citizen is caught driving without driver licenses or insurance they face heavy fines & possible lost of driving Privileges. Illegal Aliens on the other hand are usually released with no punishment! The same is true for identify thief and benefits using false SS cards & for a host of other Crimes that American Citizens would feel the full weight of the Law!
Our Politicians answer to these crimes is not to punish them, but to reward them!
Only someone that is Brain-dead would believe rewarding Criminals results in less Criminals or Crime!
People that start out by breaking the Laws & are Rewarded for doing so, have little respect or regard for any Laws & see this Nation and American Citizens as ripe for Plunder!
They take full advantage of every benefit they can get Legal or Illegally!
Illegal Aliens have an informal but highly effective net work to inform other Illegal Aliens where to get bogus documents & any new scams to get benefits illegally! Most Illegal Aliens works off the books & pays no taxes but still somehow gets an Earned Income tax credit ranging form 1500.00 to 3200.00 returned to them every year from American taxpayers!
Illegal Aliens arrive in this Country from Counties where rampant Crime and Corruption has been a way of life for Centuries, is it any wonder they bring those same Family Values across the Border with them and are busy creating the same type of environment in the USA!
They retain loyally to the Native Countries & Exploit the Compassion of Americans & the Corruption of our Politicians by using us & having nothing but contempt for a people & Nation that does not have the Political Will or Integrity in its Politicians to enforce our Laws & our Constitution against Invasion.
To put it bluntly & without being Politically Correct, Illegal Aliens & Many of our Politicians are Parasites & Criminals feasting on the backs of American Citizens!
Illegal Aliens seek not to build this Nation, but to use the fruits of Labor of Legal American Citizens that immigrated to this country legally & have in 230 years of Blood, Sweat, Tears, and Sacrifice built this Nation!
While the Illegal Invaders have built nothing but a Cesspool of Crime, Corruption, Poverty & Misery in their own Counties for the masses, but a Elite class of very Rich, and Corrupt for the few.
Could this be what many of our Politicians are hoping to Achieve here in the USA?
You hear our Politicians like Bush, Kennedy, Hillary, McCain, Reid, Spector, Brownback, and Martinez, that’s wants to give them Amnesty, only they are so dishonest they refuse to call it Amnesty! They talk about the Rule of Law & Amnesty in the same sentence. This is an Oxymoron of the first order!
We hear the same Politicians speaking of seeking Bipartisan support for a Comprehensive solution to Illegal Aliens which are code words for Amnesty without any means or intend to enforce the Laws or our Constitution & close our Borders, just like they did with the 1986 Amnesty!
They further obscure & confuse the issue with Political Spin & Lies by saying it is only 7 or 8 million when the best independent estimates of the Illegal population was 20 million years ago & we have 5 to 10 thousand more pouring across our borders every day since then.
They conveniently forget to inform American Citizens that each Illegal Alien granted citizenship has the option to bringing in 5 family members in a never ending chain, so at the very least we are talking about 60 million or so in the next 15 to 20 years, a more realistic number is probably 150 million or more.
This Nation will be inundated with 10,s of Millions of Prolific breeders. Citizens with an average of 6 grade education and a 50 percent school drop out rate to populate the gangs & welfare rolls.
This is the same thing that happens with the last Amnesty, only this time it is on a scale large enough to destroy this Nation and turn the USA into another Mexico!
What we really have is a club of Millionaires in the Senate & the Democrat party seeking to deceive American Citizens again & pass a Law to reward other Millionaires with an unlimited supply of 21 First Century slaves.
While they reward their selves with the votes from Latinos and money they receive from Corporations for destroying this Nation!
The intent is to exploit both the Illegal Aliens for their Cheap Labor and the Poor & Middle class American Citizens as victims of the Illegal Alien’s crime, deteriorating standard of living and the 100,s of billions in welfare costs!
While the users of the Illegal Aliens Labor laugh all the way to the bank with their obscene profits! They get richer while the rest sink into Poverty! In Bush’s term in office 5.4 million more American Citizens have slipped into poverty l & if they succeed in this Amnesty, American will become a Nation of Poverty with the Rich, Elite and Corrupt ruling and the rest is slaving for pennies like the Peons in Mexico!
If this Amnesty is passed is anything like the Senate version as currently written, it will result in harm to this Nation almost beyond ones imagination!
The last Amnesty resulted in the largest increase in Crime and Welfare of any bill ever passed & compared to this Amnesty it was minuscule.
Illegal Aliens as percentage of population & the ones given Citizenship by the last Amnesty contribute more too both Crime & Welfare, than any other group in the USA!
So you be the judge of what the results of next Amnesty will be & the harm it will do!
.
The press is as guilty as the Politicians in trying to foster off this massive Amnesty bill on the American Public. They continue to refer to the Mass Invasion of Illegal Aliens as Immigrants which could not be further from the truth.
They fail to point out the harmful impact of the last Amnesty in 1986.
Few report what the detrimental affects will be to our Population, Standard of living, Crime, Environment, Welfare or a host of other problems with the Senate bill!
Many Nations have tried to build a great Nation on the Back of Slaves, all have failed. If this were not so Mexico & other third world Nations would be rich instead of poor!
For anyone that has never lived in an third country & experienced the horrible conditions & do not understand what will happen to this Country if the Senate Amnesty is passed go visit the interior of Mexico, there you will see the future of this Nation!
We, as American Citizens owe & have the duty to prior generations that built this country at great personal sacrifice & to future generations, to rise up in protest from coast to coast and tell our Corrupt Politicians, No Not Again!
Leave A Reply