Thread: Governor Schwarzenegger has a plan for bankrupting the state

Governor Schwarzenegger has a plan for bankrupting the state of California


The plan is called "Bank on California". It is as crazed an idea as failing to cut spending, increasing taxes and strong arming fiscal conservatives to help him chase more business and taxpayers out of state. So much for the Republican fiscal conservative Governor.

The state of California just launched the taxpayer funded "Bank on California" project to help California banks money launder the illicit earnings of millions of illegal aliens. Since the Bill Clinton Foundation, the familiar banks from the $1 trillion bailout and the likes of George Soros are behind the initiative, so expect it to arrive in every state in the nation sooner than later.

The state argues that Californians need help opening bank accounts. Practical experience tells us that banks open accounts with easy for anyone with $20 and 20 minutes to spare and in some cases the account applicants gets a donut and a cup of coffee while waiting.

Californians don´t need help opening bank accounts, illegal aliens do.

Illegal aliens don´t open bank accounts because they fear blowing their covers and getting deported. The Governor´s plan uses the power and influence of the State to help the banks pry loose the cash that illegal aliens now hide under their mattresses.

State facilitated Money laundering is made possible by the program´s acceptance of the Mexican Matricula Consular and other Consular ID´s. The FBI testified before Congress that Matricula Consular is unreliable and a threat to our national security; and that it was needed exclusively by illegal aliens to game the system.

Can we afford to fund a questionable state program when the state is already over-spending $50 billion annually? Governor, who will take the hit when hundreds of thousands of deported illegal aliens default on credit cards and bank loans? Have we not suffered a national financial meltdown that threatens to bankrupt the nation by giving loans to unqualified borrowers? What short-term gain from enriching the banks can justify your putting bank stockholders and taxpayers at risk of financial ruin from illegal alien loan defaults?

Under your guard Californians pay the highest income taxes, business taxes and gasoline taxes in the nation and now you are lobbying to increase our taxes by $14 billion or about $1400 per family. Questionable programs and over-spending have chased out of state more businesses and taxpayers in the last four years than have arrived in the state. The flight is accelerating under the heavy tax and regulation hands of the Democrat controlled Senate and Assembly and under your disgraced fiscal conservative leadership.


The Bank on California website states that you want Californians to do business with banks rather than non-bank financial institutions in order to cut annual service fees by $500. If you are interested in saving Californians money, why don´t you cut state spending instead of raising our taxes $1400 per family per year?

What crazed project will you launch next to save Californians money? How about a program to promote shopping at Costco or Wal-Mart to the detriment of neighborhood stores? Why not a project promoting buying our cars over the Internet because it might be cheaper than at a local car dealership? There could be an unlimited number of possibilities for state government intervention and expenditure of taxpayer´s money – for our own good of course.

The Bank on California website states the goal of teaching up to 100,000 unbanked Californians basic skills such as balancing a check book. Our states´ high schools fail to graduate 50% of students and those it graduates can barely do basic math. Wouldn´t it be better to graduate another 100,000 high school students per year than teaching hundreds of thousands illegal aliens that could be deported at anytime how to money launder their illicit earning?

As a citizen of California and a taxpayer I would like you to stop the state involvement with "Bank on California" and instead collaborate with federal authorities to put an end to bank complicity in money laundering illegal alien´s illicit earnings. And while you are thinking of the public good in California, cut government over-spending and don´t even think about raising our taxes, the nation´s highest. The pressure you are putting on fellow fiscal conservatives in the senate and the assembly is disgraceful and will haunt you and anyone who follows that path. Print Share Email Your Name

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Tony Dolz
Tony Dolz is an independent author writing for Natural Health Advocate News and a number of other publications inclufing American Chronicle. Tony, who holds an MBA degree in International Business, has served for a number of years as a National Security Analyst and has writen a number of articles on National Security, Border Security, National Sovereignty and Terrorism. www.BachFlower.com and www.DirectlyfromNature.com

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http://www.americanchronicle.com/articles/view/91296

Email response for a recent email I sent on this subject:

Thank you for sharing your thoughts with Governor Schwarzenegger about the Bank on California initiative. California is the first state in the nation to launch a program to help people without checking or savings accounts to open starter accounts. This initiative is not only for first-time bankers - it's for anyone that wants a second chance to open a bank or credit union account.

Bank on California is a collaborative voluntary initiative between the Governor's office and financial institutions, city mayors, federal bank regulatory agencies and community groups. Its goal is to help open 100,000 bank accounts during the next two years and give Californians the opportunity to gain access to lower-cost sources of credit and financial services, establish savings, build credit history and invest for the future.

All banks - including those participating in the Bank on California initiative - are governed by the Patriot Act and other important regulations that require customers to show two pieces of identification before opening an account. The inclusion of particular identification cards in this program is in full compliance with the law and is part of the collaborative partnership of this unprecedented program. Bank on California provides a new opportunity for families to see real savings and take advantage of lower transaction fees.

Again, thank you for writing about the Bank on California initiative.

Sincerely,


Office of Constituent Affairs