How Much BOA Angst Caused by Illegals?
Apr 22, 2008 Immigration
Early in 2007 bank of America quietly, or so they thought, launched a program to provide credit cards to people who did not have Social Security numbers. These people are typically comprised of ILLEGAL immigrants. There was a huge uproar from many when the cat was let out of the bag and many people refused to do business with BOA. The idea might have seemed like a good one to BOA at the time because they could exploit ILLEGALS but common sense (which is not that common) indicates that this was a risky move because those who broke the law to get here and have questionable earnings might not exactly be very credit worthy. Nonetheless, BOA marched on.
Yesterday it was reported that BOA had a decline in first quarter net income of 77% and that its profit dropped for the third straight quarter as the company set aside over 6 billion dollars for bad loans. I certainly know that some of this (probably most) is related to the housing market and defaults from people who should have never been allowed to borrow money in the first place. However, I have to believe that a portion of their losses is because of the credit extended to ILLEGALS.
Almost all credit companies are having financial trouble and most of them caused their own problems through greed. It is nice to see them suffer a bit for making poor choices with regard to whom they allowed to borrow money. With BOA it is even sweeter knowing that some of their problems are caused by their pandering to ILLEGALS*.
*The idea that some of the problems are caused by ILLEGALS is speculation on my part but it is reasonable to assume that the least credit worthy caused many of these issues.
Tags: bad loans, bank of america, defaults, illegals, write downs
Illegal Aliens Have a Bad Day
Jan 31, 2008 Immigration
This has to be the greatest story about ILLEGALS to come out in a while. A van load of ILLEGALS ran into the back of a car in Arizona on Tuesday. Now that might not seem like much of a story except the car they hit was owned by the Department of Homeland Security.
The report states that the van was overloaded with people, there were no injuries and all 11 people in the van were turned over to immigration.
If we could just have a bunch more chance meetings like this we might be able to fix the ILLEGAL alien problem in this country.
Source:
KTAR
Tags: accident, homeland security, illegal aliens, immigration officials
ILLEGALS Kill Border Guard
Jan 20, 2008 Immigration, Political
Those of us who believe in the rule of law want the borders of this country, particularly the southern border, closed down so that ILLEGALS cannot sneak across. People like Ted Kennedy and John McCain (and every Democrat) like to characterize these people as honest and hard working. I have no doubt they are hard working people (I doubt they only do jobs Americans won’t) but they are not HONEST. When a person breaks the law by crossing our border ILLEGALLY and then lives here under false pretenses then that is anything but honesty. This is criminal behavior and our government has sanctioned it for decades. The people in our Congress have turned a blind eye to border patrol agents who were thrown in jail for doing their duties, agents who received more time in jail for protecting us than any of the ILLEGALS get for invading us.
Now we have word that a border patrol agent in California was run over by a vehicle that he tried to stop after it entered this country ILLEGALLY. The area where this took place is popular among off road enthusiasts as well as drug runners entering the US ILLEGALLY. Our government is responsible for the death of this agent. The failure of the President and the Congress to secure our borders has allowed a vehicle to enter ILLEGALLY and run over an agent.
The way our government treats these things it might be a blessing that the agent died. If he had lived the government would have locked him up for a decade because he bothered an honest, hard working invader.
Story:
Fox News
Others with related items:
The Virtuous Republic, InvestorBlogger dot com, third world county, 123beta, Stix Blog, The Crazy Rants of Samantha Burns, The World According to Carl, Pirate’s Cove, The Pink Flamingo, Cao’s Blog, Leaning Straight Up, Wolf Pangloss, Dumb Ox Daily News, Conservative Cat, Right Voices, and Stageleft, thanks to Linkfest Haven Deluxe.
Tags: agent death, border crossing, Congress, drug runners, illegal aliens, President
Let’s Give Texas Back to Mexico and Be Done with it
Dec 31, 2007 Immigration
The Mexicans have been invading America and they want to take Texas back. They are coming in here and sucking up resources and our Congress shows how impotent it is by ignoring the problem or by trying to reward lawbreakers. I think it is the right time to just give Texas back to Mexico and be done with it. It is obvious that the Texans don’t want to do anything to solve the problem so they can be part of Mexico or move before we seal off the border.
I originally thought that we might be able to solve the problem and still keep Texas but it now appears that Texas has decided it likes the ILLEGALS and wants them around. Those of us who don’t are xenophobes and our opinions don’t count. The Dallas Morning News has named the ILLEGAL immigrant as its person of the year. According to the DMN, the ILLEGALS do work Americans will not (at least not for the same wages) and they are such hard workers. Of course they do work for low wages. They make it up by taking millions of dollars in taxpayer money to which they are not entitled and by having jackpot babies so they can lay claim to this country.
If the DMN is so enamored with the ILLEGALS and thinks they should be the person of the year than that is fine. Let’s just give Texas back to Mexico and forbid entry from the northern Texas border. Texas can deal with the poverty, the social problems, the crime, the jackpot babies (well, they would be Mexican citizens by then) and they can figure a way to pay for it all without the money from US taxpayers.
Then, maybe the DMN would see how life really is. As long as someone else pays it is fine but when they have to foot the bill I imagine they would not be too happy.
BTW, if you want to see jobs that most Americans will not do look at any member of our Armed Forces. Now those are jobs most Americans will not do for any wage. Most ILLEGALS have no interest in doing that job.
Tags: ILLEGAL immigration, Mexico, texas
Tancredo Trades Principle for Politics, Blows Immigration Stance
Dec 20, 2007 Immigration, Political
Tom Tancredo officially dropped out of the GOP race today and he threw his support behind Mitt Romney. Tancredo has great positions on immigration but he is a one trick pony. All he ever talked about was immigration. I am sure there are other issues he has positions on but he failed to come across as anything more than an advocate for tough immigration law enforcement. The one trick got old fast for a number of people who realize that there are many issues in addition to immigration. In dropping out Tancredo had the chance to show how principled he was with regard to his signature issue. Unfortunately, he failed miserably.
Tom Tancredo threw his support behind Mitt Romney who Tancredo met with to receive assurances that Romney would be tough on the issue of immigration. In throwing his support behind Romney Tancredo stated that he was “the best hope for our cause.” This is where I have problems and where it appears to me that he abandoned his principles and went for the politics of the issue. Romney is not as bad as Giuliani or Huckabee when it comes to immigration but he has had his issues with it. I don’t believe that Romney should be held accountable if the company he hired employed illegals. It is the responsibility of the company to do that. However, the company in question had been caught using ILLEGALS before and Romney failed to keep an eye on them or to replace them all together. It took a news report showing admitted ILLEGALS working on his property for him before he fired the company. This man is running for the presidency. He is under much higher scrutiny than the guy next door and he should have been on top of this. He says he is tough on immigration but it does not appear that way.
Fred Thompson, Duncan Hunter and Ron Paul are the only remaining GOP candidates with records that reflect tough immigration policies. If Tancredo wanted to show that he was absolutely concerned about the issue he should have selected one of these candidates to throw his support behind. Ron Paul has a very good plan with regard to immigration and while I am not in favor of many of his other policies I like his stance on immigration and our borders. Fred Thompson has an equally good plan at his site as does Duncan Hunter. Any of these guys would have been a better choice to be “the best hope for our cause.” Yet, Tancredo neglected each of these people, people who have stands and would not need to provide reassurance, in order to support Romney, a man with questionable views on Immigration. Before the Romney crowd beats me up, remember, Tancredo needed to get reassurance. That is usually not necessary if you have been clear and consistent.
It is unfortunate but Tancredo traded his principles. It gives the impression that Tancredo was not all that serious about immigration because he could not back one of the people who is actually tough on the issue. Since that was his only issue he could have at least picked someone who held the same beliefs. If Romney gets elected and he ends up signing an amnesty bill Tancredo and his efforts will go to the ash heap of history. He will be viewed as a man who backed the guy who gave the country away.
It is unfortunate that Tancredo could not get this right but at least it shows that he would not have been a good president. If he blew this easy choice this badly think about how terribly he would do with judges, justices, and just about any other appointee.
Source:
Des Moines Register
Tags: fred thompson, Immigration, mike huckabee, mitt romney, ron paul, rudy giuliani, tom tancredo