Ok, another illegal thread...........
- Thread starter ACooper
- Start date
Simple...they do this because they have us. When an illegal alien defaults on their Bank of America credit card, or home loan from the other bank this money needs to be recouped. They simply pass the fees off on you and I with petty charges. There is no more 20 dollar late fee...it's gone up to 39. Do that to everybody and that will offset some losses when these people stiff them. That is why we should make a statement of protest in the form of 'cancel my account', we don't care to do business with you any further.
Think about all the fees...use a ATM outside of your network and pay $3...1.50 from your bank and a 1.50 from the other bank. That can go to 2 or 2.50 from each bank in the near future....to help recoup losses. They are not worried, again the have you and I and pass off some losses.
Think about all the fees...use a ATM outside of your network and pay $3...1.50 from your bank and a 1.50 from the other bank. That can go to 2 or 2.50 from each bank in the near future....to help recoup losses. They are not worried, again the have you and I and pass off some losses.
A defaulted mortgage isn't a problem for the bank. They WANT those mortgages to be defaulted. Think about it. They aren't making high dollar/value ratio loans on those, and they're requiring substantive downpayments, collecting obscene closing costs . . .
And, what most of you aren't taking into account is the majority of illegals/undocumenteds here DO have SS#s. The people who bring them here make sure they are supplied with bogus papers - and take a cut from what they charge these people for the documents.
And, what most of you aren't taking into account is the majority of illegals/undocumenteds here DO have SS#s. The people who bring them here make sure they are supplied with bogus papers - and take a cut from what they charge these people for the documents.
http://www.ice.gov/pi/news/newsreleases/articles/061213dc.htm
U.S. Uncovers Large-Scale Identity Theft Scheme Used By Illegal Aliens
U.S. Uncovers Large-Scale Identity Theft Scheme Used By Illegal Aliens
Put the crux of the blame where it belongs - on those who are placing the orders with the compradores and coyotes and on those who ensure that the "system" remains as it is for the benefit of their cronies who fund campaigns.
Blaming the people coming here for the opportunity - whatever it may entail - rather than those who are creating and perpetuating the situation for the benefit of their own greed makes as much sense as burning heretics and witches to alleviate the Plague.
Blaming the people coming here for the opportunity - whatever it may entail - rather than those who are creating and perpetuating the situation for the benefit of their own greed makes as much sense as burning heretics and witches to alleviate the Plague.
No Renee, the actual pain and blame ends up in the hands of the victims. They had to struggle to correct their credit rating. They have to fight with the IRS. They have nobody to protect them. People who have been ID victims have had heart attacks from the harrassment and the fear and the shame of being subjected to punishments for something somebody ELSE did and got a slap on the hand for. There is something SERIOUSLY wrong with this illegal picture and it is getting worse by the day.
The PAIN does go to the victims. The BLAME should be put where it belongs - on those who benefit most egregiously and keep this "system" in place. Pointing fingers at the bottom of the food chain - the "illegals" - is just buying into the diversionary tactics employed by the REAL monsters . . . and aiding and abetting them in the perpetuation of this rape of the working class.
Do you pay bills? Do you have a 401K? Do you have more than one credit card besides maybe the emergency card from mom and dad? I saw a recent poll and there are a lot of teenagers and just off to college users it seems here.
No matter how you look at this, giving credit cards or home loans to illegal
aliens is a risky endeavor. Many are transient type workers relocating where
the work takes them, frequent address changes, living with friends and difficult to track down.
The scenario credit card-illegal alien-no SS#-Big Screen TV-No payment is not unrealistic. Do you think the bank is going to say no problema? Of course not, they are going to get the money one way or another and the do that by passing off losses to the consumers...surcharges, hidden fees, higher interest rates, higher late fees, etc. That is how the system works.
Home loans: You are right in the sense that there is a high probability PMI is required with these no SS# loans so the bank can CYA in that respect. However, there is more to it than that and some repercussion. Regardless, the bank doesn't want to get stuck with a house in a declining market. The industry is in trouble now with lending out obscene mortgages for over inflated
housing prices from 3 years ago. This spreads fear and fear trading. 401Ks
can be looking at a serious hit simply because thousands upon thousands of defaulting loans and the fear trading associated with. And then you have those that simply one to lend people 250K for a townhouse worth 80k to those without a SS# and could care less if you take a 50K hit in your 401K over time while the lending industry collapses...another realistic scenario.
No matter how you look at this, giving credit cards or home loans to illegal
aliens is a risky endeavor. Many are transient type workers relocating where
the work takes them, frequent address changes, living with friends and difficult to track down.
The scenario credit card-illegal alien-no SS#-Big Screen TV-No payment is not unrealistic. Do you think the bank is going to say no problema? Of course not, they are going to get the money one way or another and the do that by passing off losses to the consumers...surcharges, hidden fees, higher interest rates, higher late fees, etc. That is how the system works.
Home loans: You are right in the sense that there is a high probability PMI is required with these no SS# loans so the bank can CYA in that respect. However, there is more to it than that and some repercussion. Regardless, the bank doesn't want to get stuck with a house in a declining market. The industry is in trouble now with lending out obscene mortgages for over inflated
housing prices from 3 years ago. This spreads fear and fear trading. 401Ks
can be looking at a serious hit simply because thousands upon thousands of defaulting loans and the fear trading associated with. And then you have those that simply one to lend people 250K for a townhouse worth 80k to those without a SS# and could care less if you take a 50K hit in your 401K over time while the lending industry collapses...another realistic scenario.
I pay bills. I have a mortgage. I have NO credit cards. I have no 401K. Essentially, when I can no longer work I had better be ready to die.
You do realize that every scenario you used holds true for SS card toting, born in the USA types? And that the real culprits to be pointing fingers at for the shape of the financial industry today are those self-same financial industries?
It's not the illegals who are to blame for this - it's the industry. Would you blame a thirsty man for taking a free tap off of a cold keg?
You do realize that every scenario you used holds true for SS card toting, born in the USA types? And that the real culprits to be pointing fingers at for the shape of the financial industry today are those self-same financial industries?
It's not the illegals who are to blame for this - it's the industry. Would you blame a thirsty man for taking a free tap off of a cold keg?
The INDUSTRIES are bringing the illegals in, Blue . . . Literally. They put in their "orders" for workers with the compradores. Many of them have a compradore working in the HS department to handle these things.
And, as an example - there are billboards just across the border advertising for workers and giving a Morristown, Tennessee phone number in big, bold letters.
A local (very large and well known) furniture manufacturer had a compradore on staff in the HS office (he was also, amusingly enough, a Baptist preacher as well). He sent new workers to his guy to have their papers made (and got a cut, you'd best believe). He also collected a percentage of each of the illegal workers' wage - the excuse was it was a general fund in case one of the workers had an emergency, or needed bail. He told them not to sign up on the company insurance and took care of signing them up on Medicare and TennCare instead.
None of that was out of the ordinary as far as industrial practices goes. The chicken plant here was one of the worst offenders. I don't know if that's been scaled back since Koch foods bought them out though.
If there wasn't a reason for these people to come here, trust me, they'd rather be with their families. I've seen how homesick most of them get, how they miss their families, their way of life . . .
And, as an example - there are billboards just across the border advertising for workers and giving a Morristown, Tennessee phone number in big, bold letters.
A local (very large and well known) furniture manufacturer had a compradore on staff in the HS office (he was also, amusingly enough, a Baptist preacher as well). He sent new workers to his guy to have their papers made (and got a cut, you'd best believe). He also collected a percentage of each of the illegal workers' wage - the excuse was it was a general fund in case one of the workers had an emergency, or needed bail. He told them not to sign up on the company insurance and took care of signing them up on Medicare and TennCare instead.
None of that was out of the ordinary as far as industrial practices goes. The chicken plant here was one of the worst offenders. I don't know if that's been scaled back since Koch foods bought them out though.
If there wasn't a reason for these people to come here, trust me, they'd rather be with their families. I've seen how homesick most of them get, how they miss their families, their way of life . . .