An Ol’ Broad’s Ramblings

February 24, 2007

Bank of “America”?

Filed under: Economy, Illegals — olbroad @ 9:54

I’ve been listening, and reading, about the Bank of America flap, giving credit cards to illegal aliens. Now, I don’t want to tell them how to run their business, but I don’t like B of A, never have, so when I found out that one of our cards had been bought out by them, I wanted to cancel it anyway. The illegal thing is just one more nail in their coffin as far as I’m concerned.

I was wondering, if you give people who are in the country illegally credit cards, what do they use for a social security number? Is the number they have to give valid? Are they even requiring the number from illegals? Or is it the number for some child who died, was it stolen? If the illegal doesn’t pay his/her bill, and they head back to from whence they came, who pays the bill? With millions of illegals in the country now, that would sure add up, wouldn’t it? Will B of A have to raise their interest rates to recover the losses from the projected millions of dollars in losses?

Just wondering.

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3 Comments »

  1. I agree…you must have the same card company that was bought as I do…I’m ready to rip that one to shreds….

    Comment by Pete Fanning — February 24, 2007 @ 10:07

  2. I would rip mine to shreds and send it back in little pieces too, if I did not owe so much on it that it wouldn’t matter. But, I hate this idea. You hit the nail on the head about the interest rates. Everyone else will have to pay higher interest rates to cover this risk. So, it encourages illegals to behave more irresponsibily, while harming the people legally in this country by making it harder to get out of debt. A.P. Giannini is spinning in his grave. Sure, he started Bank of Italy to help those the other banks wouldn’t touch. But, back then the bank wouldn’t touch them because they were not Anglo-Saxon protestants, not because they were illegals or a high credit risk. Totally different reasons.

    Comment by rosettaresearch — February 24, 2007 @ 10:34

  3. Cut it up, pay it off! 🙂

    Comment by olbroad — February 24, 2007 @ 10:14


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