U.S. banks knowingly fund mortgages to illegals, Commentary
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WorldNetDaily Exclusive Commentary
U.S. banks knowingly fund mortgages to illegals
Posted: May 27, 2005
1:00 a.m. Eastern
© 2005 WorldNetDaily.com
"The Federal Deposit Insurance Corporation is encouraging banks to sign up illegal aliens in the banking system, calling the growth of the market 'a compelling incentive' for U.S. banks to enter this largely untapped market ...
"But there are clear laws on the books for the integrity of the immigration system. Under the U.S. Criminal Code, it is a crime punishable by 10 years in jail for aiding and abetting someone in this country illegally for commercial gain. And the Bank Secrecy Act of 1972 makes it clear banks must know their customer, and any illegal activity must be reported to the government."
– Lou Dobbs Show, March 21, 2005
The FDIC, another so-called "independent" government operation like the privately owned Federal Reserve, is knowingly and vigorously encouraging their organization and its employees to violate several federal laws. For the FDIC to encourage lawlessness because of what they call "the growth of the market" being a compelling incentive for "U.S. banks to enter this largely untapped market," has got to be the most insane psychobabble I have ever heard in my life. These criminals (illegal aliens) who break the law to enter this country have no rights and are subject to immediate deportation, not bank loans.
In a Sept. 20, 2004, column by Keith Benman in the NW Indiana Times, Benman wrote:
TCF Bank is the first bank to open the door to home loans for undocumented immigrants in Northwest Indiana; Fifth Third Bank plans to follow suit this month. TCF and Fifth Third will be among the largest banks in the United States to offer the new loans. They join about 15 other banks in the Midwest to do so.
"A year ago, this opportunity just didn't exist. Fifth Third already has a waiting list for the loans," according to Craig Pratt, a Fifth Third senior vice president based in Merrillville. TCF, which markets them under the name "My American Home," has closed on more than 10 since starting to offer them in late July, according to TCF's Creel. "We know the potential of the market could be one-half million individuals in Illinois and Northwest Indiana," Fifth Third's Boscan said. "We estimate this is a segment of the market that will provide the kind of growth we are looking for in our consumer-lending division."
The final kicker in Benman's piece: "In the past, banks and mortgage lenders have required loan applicants to provide Social Security numbers when applying for mortgages ... TCF Bank does not require Social Security numbers for its 'My American Home' loans, and Fifth Third will not require them for its new product."
Illegal aliens are criminals, not "undocumented workers." Yet, these criminals can obtain bank accounts and home loans without a Social Security number. Just try to do that as an American citizen at your bank and you'll be shown the door.
Does anyone wonder why this invasion has succeeded so well? You've got a president who condones illegals smuggling themselves into our country and wants to give them a free pass. Instead of taking a hard line against this invasion decades ago, Congress continues to waste their time on more unconstitutional legislation, e.g., steroid use by professional ball players and the gang problem within the sovereign states of the union. If either of these issues become federal law, they will not withstand a constitutional challenge (see Lopez v. U.S. and Marbury v. Madison). Once again, Congress is clearly overstepping their legislative authority.
Where is the Department of Justice while these banks are knowingly soliciting and doing business with illegals in violation of federal law? Think Attorney General Gonzales will do anything? Forget it. Gonzales and Bush go back a long way. While chief counsel to the Texas governor, Gonzales pulled a behind-the-scenes, good-old-boys deal that resulted in getting Bush excused from jury duty in 1996. This kept Bush from having to disclose he had been arrested and convicted for drunk driving in Maine back in 1976.
Alberto Gonzales served on the board of directors of one of La Raza's affiliates, the Association for the Advancement of Mexican Americans in Houston. LaRaza is a militant organization that openly advocates overthrowing our government and "reclaiming" the four border states for Mexico. They should have been indicted for sedition a decade ago, but the Department of Justice has continued to turn a blind eye.
No one is above the law. Congress should immediately demand the Department of Justice uphold the law and begin prosecuting all management level individuals in the FDIC, bank CEOs, vice presidents and managers for violation of federal immigration law and the Bank Secrecy Act of 1972. And, no fines. Banks have lots of money. It's time these people who knowingly break federal laws jail time just like anyone else. Congress should also move immediately to get the lists of all illegals who have opened bank accounts or loans with these banks, turn them over to the government and begin deporting these criminals.
Will that happen? No. In case Americans haven't noticed, the federal government and many of its agencies, including Congress, have become nothing more than lawbreakers, fostering lawlessness throughout this land. Where is your outrage America?
Devvy Kidd authored the booklet, "Why A Bankrupt America and Blind Loyalty," which has sold close to 2 million copies. She has been a guest more than 1,600 times on radio shows, run for Congress twice and is a highly sought after public speaker. To learn more about Devvy, please visit her website.
