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The Real Story: Bank of "America" Responds
Updated
February 22, 2007
 

We're continuing our "selling out our border" series today with an update on Bank of America's pilot program offering credit cards to people who just happen to be lacking social security numbers. I've promised you all week that I wouldn't stop talking about this story until Bank of America responded to the fact that this program caters to illegal immigrants...and now, they have.

In today's Wall Street Journal, Bank of America CEO Kenneth D. Lewis says there's been a "harsh reaction" to their program and they are, "feeling the passion that surrounds America's unresolved immigration debate." Oh Kenneth, you have absolutely no idea.

I'd love to dissect every line of his unbelievably arrogant response for you but I only have an hour, so let me sum it up. He starts by saying that the program isn't meant for illegals at all. Illegals? From Mexico?! What? But, a few paragraphs later, he drops the bombshell, "...reports have stated that in some cases illegal immigrants are able to sign up for the bank's products and services. These reports........are true."

Well isn't that refreshingly honest! He goes on to say that the US Patriot Act allows them to accept official foreign government ID's and they can't help that some illegal immigrants may use them as well.

But the Real Story is that Kenneth D. Lewis is absolutely lying to you. He's trying to claim that his little bank -- a bank with just $21 billion dollars in profit last year -- can't distinguish the legal from the illegal applicants because our government allows them to accept a Mexican Consular ID. Well I'm no billion dollar bank CEO, but I am a thinker. There's a little form called an I-9 and every U.S. worker has to fill it out because it proves that you're legally in this country.

So, Kenneth D. Lewis -- why not simply require one more document in addition to the foreign ID card -- like a reentry permit, an alien registration receipt, or an employment authorization document.

I'll tell you exactly why....because that would stop illegal immigrants from opening accounts; that would tick off other Latino customers; and, most importantly, that might hurt their profits and prevent Kenneth *D* Lewis from taking home another $22 million in compensation this year.

Bank of America says they don't market this program to illegal immigrants but maybe Kenneth D. Lewis can explain to me why the pilot program is taking place in LOS ANGELES!?! That's like selling coca plants in Columbia and claiming that drug lords aren't your intended customer.

Do you take us all for idiots?

Bank of America ended their response by announcing that their pilot program --drum roll please-- will continue. Why? Well Kenneth D. Lewis himself said it best, "...we hope (they) will become loyal Bank of America customers in the future as their financial needs grow."

Once again, it's absolutely clear: Money trumps everything. Well guess what, we're worth more than the almighty dollar so I've got an announcement of my own: I will not let this go. Bank of America, you may have the right to keep making money off illegal immigrants, but I have the responsibility to keep exposing you for it.
 

   

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