Years of Extending Loans To Illegal Aliens Have Contributed To Economic Crisis...Congress Silent!
By Dave Gibson
October 3, 2008

In 2006, Bank of America quietly began offering credit cards to illegal aliens without Social Security numbers in five Los Angeles branches. By 2007, they expanded the program to 51 L.A. branches.

Los Angeles has the largest number of Mexican nationals of any U.S. city, and also has designated itself as a so-called ‘Sanctuary City’ for illegal aliens. While only those in the L.A. area could initially take advantage of the pilot program, Bank of America officials planned to make the practice available nationwide.

All of my inquiries to Bank of America on this issue have been ignored and I have not been able to determine if they have expanded this program outside of Los Angeles. BofA has become quite tight-lipped after receiving enormous criticism over this practice which many believe have helped to entice illegal aliens to remain in this country.

While offering credit cards to people who are here illegally and lack Social Security numbers, Bank of America has been offering checking accounts and even mortgages to illegal aliens for years. Lending giants Wells Fargo and Citibank are among those who have also extended home loans to illegal aliens.

In 2005, President of Immigration Matters Marti Dinerstein, angry over this practice, told CNN: “It’s institutionalizing illegality. Now there’s no distinction being made between the people that follow all the rules and those who break our laws by entering the country or overstaying their visas.â€