Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Banking on Illegals (Blatant criminality..UNREAL!)
The Pittsburgh Tribune Review ^ | 05/28/05 | Dimitri Vassiloros

Posted on 05/28/2005 9:57:39 PM PDT by smoothsailing

Banking on illegals

By Dimitri Vassilaros

TRIBUNE-REVIEW

Sunday, May 29, 2005

New South Federal Savings Bank is giving illegal aliens home mortgages to help them realize the American dream.

Its Casa Mia program is designed to help tax-paying immigrants "without traditional forms of documentation" -- like anything indicating they are Americans. Remedios Gomez Arnau, consul general of Mexico in Atlanta, is working closely with the massive Alabama-based bank "to ensure the accurate identification of Mexican immigrants." Said Senor Arnau: "We are excited to see a loan product specifically aimed at helping Mexican immigrants."

New South describes itself as Alabama's largest thrift with $1.4 billion in assets. It has residential mortgage loan offices in 13 states and services home loans in 30 more, the District of Columbia and the Virgin Islands. If enough illegals apply, New South plans to offer Casa Mia mortgages in Atlanta, Phoenix and Houston "in the near future." Unless, that is, the bank officers are arrested for helping to harbor illegal aliens.

'CLEAR VIOLATION'

"What this bank is doing is a clear violation of the U.S. Immigration and Nationality Act," said Craig Nelsen, executive director of Friends of Immigration Law Enforcement. FILE describes itself as an association of legal and legislative volunteers working on behalf of Americans to ensure that immigration law is being enforced. "If any loans are issued, they are liable for arrest," Nelsen said. "On TV, you see poor Mexican kids being led away in handcuffs. We need these bank directors led away in handcuffs."

It is a felony to encourage an alien to reside in the United States, knowing that such residence is in violation of the law, Nelsen stated in a letter to New South.

It is hard to imagine almost any court taking seriously ...CONTINUED AT LINK BELOW....

(Excerpt) Read more at pittsburghlive.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Editorial; Foreign Affairs; Mexico; News/Current Events; US: Alabama; War on Terror
KEYWORDS: aliens; banking; border; illegalimmigration; illegals; immigration; mexico; weareallminutemennow
Navigation: use the links below to view more comments.
first 1-5051-100101-150151-173 next last
New South is a big outfit. This just blows my mind.
1 posted on 05/28/2005 9:57:39 PM PDT by smoothsailing
[ Post Reply | Private Reply | View Replies]

To: smoothsailing

The love of money is the root of all evil.


2 posted on 05/28/2005 10:01:26 PM PDT by c-b 1
[ Post Reply | Private Reply | To 1 | View Replies]

To: smoothsailing

IIRC, this is happening in Wisconsin also.


3 posted on 05/28/2005 10:01:47 PM PDT by Lijahsbubbe (Remember, once you're over the hill, you pick up speed.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: smoothsailing
"What this bank is doing is a clear violation of the U.S. Immigration and Nationality Act," said Craig Nelsen

And they will get away with it.

4 posted on 05/28/2005 10:02:38 PM PDT by Centurion2000 ("THE REDNECK PROBLEM" ..... we prefer the term, "Agro-Americans")
[ Post Reply | Private Reply | To 1 | View Replies]

To: smoothsailing

I don't believe American's can own property in Mexico. You get a long lease. I could be wrong but the point is there is no equal reciprocity or quid pro quid with Mexican law for Americans.


5 posted on 05/28/2005 10:10:11 PM PDT by garyhope
[ Post Reply | Private Reply | To 1 | View Replies]

To: smoothsailing

BTTT!!!


6 posted on 05/28/2005 10:17:56 PM PDT by Bradís Gramma (Yo! Cowboy! I'm praying for a LoganMiracle! It CAN happen!!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: smoothsailing
An SBA loan officer with a major financial institution told me that immigrants have a much lower default rate than non-immigrants.

Banks are in business to make profits,

7 posted on 05/28/2005 10:18:15 PM PDT by bayourod (Unless we get over 40% of the Hispanic vote in 2008, President Hillary will take all your guns away.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: smoothsailing

Are you kidding? Bank of America and Wells Fargo are doing the same thing!!!!


8 posted on 05/28/2005 10:18:21 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #9 Removed by Moderator

To: bayourod

"Banks are in business to make profits,"

So are heroin and meth dealers.


10 posted on 05/28/2005 10:19:19 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 7 | View Replies]

Comment #11 Removed by Moderator

To: rbd3

And Bush looks the other way on all counts.


12 posted on 05/28/2005 10:20:33 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 9 | View Replies]

To: c-b 1

The words "Banking" and "Sovereignty" don't appear in the same dictionary.


13 posted on 05/28/2005 10:20:40 PM PDT by Red Sea Swimmer (Tisha5765Bav)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Centurion2000
And they will get away with it.

Until all the defaults start to come in.

Stupid...if nothing else.

14 posted on 05/28/2005 10:20:49 PM PDT by eddie willers
[ Post Reply | Private Reply | To 4 | View Replies]

To: bayourod

I guess working off the books and paying no taxes gives them more cash to pay their mortgages.


15 posted on 05/28/2005 10:21:22 PM PDT by oceanview
[ Post Reply | Private Reply | To 7 | View Replies]

To: bayourod

I am in the business. I would like to see some facts on that.


16 posted on 05/28/2005 10:21:30 PM PDT by Eagles6 (Dig deeper, more ammo.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: rbd3; All

bayourod is pro Mexican illegal immigration. Read his last 100 posts.


17 posted on 05/28/2005 10:21:44 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 11 | View Replies]

To: international american
And Bush looks the other way on all counts.

And we still worship the ground he walks on.

18 posted on 05/28/2005 10:22:32 PM PDT by Euro-American Scum (A poverty-stricken middle class must be a disarmed middle class)
[ Post Reply | Private Reply | To 12 | View Replies]

To: bayourod

Also this article is about illegals as opposed to legal immigrants.


19 posted on 05/28/2005 10:23:00 PM PDT by Eagles6 (Dig deeper, more ammo.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: oceanview

Plus it allows the wife and 4 kids food stamps, section 8 housing, Medical and Dentical(30 grand in perks)


20 posted on 05/28/2005 10:23:06 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Euro-American Scum

Not me, FRiend, I am stuck with him, like a bad tooth on the weekend.


21 posted on 05/28/2005 10:24:15 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 18 | View Replies]

To: international american
Am I kidding? No.
22 posted on 05/28/2005 10:25:34 PM PDT by smoothsailing (Qui Nhon Turtle Co.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: bayourod

Immigrants....that includes Pakistanis India, Eastern Europe. Give me the default rate with illegal Mexicans
prove it.


23 posted on 05/28/2005 10:27:04 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 7 | View Replies]

To: international american
It's not illegal for American banks to loan money to foreign nationals.

It's not illegal for foreign nationals to buy American real estate.

It's not illegal for American banks to loan money to foreign nationals for the purpose of buying American real estate.

24 posted on 05/28/2005 10:27:19 PM PDT by bayourod (Unless we get over 40% of the Hispanic vote in 2008, President Hillary will take all your guns away.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Eagles6

I would too.

I find it hard to believe anyone would loan money to 20 people that may be herded back to Mexico at a moment's notice.

Must be a sweet deal for the bank for them to do this.


25 posted on 05/28/2005 10:27:21 PM PDT by VeniVidiVici (In God We Trust. All Others We Monitor.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: international american

Roger that.


26 posted on 05/28/2005 10:28:09 PM PDT by Euro-American Scum (A poverty-stricken middle class must be a disarmed middle class)
[ Post Reply | Private Reply | To 21 | View Replies]

To: smoothsailing

Neither am I. The banks make big money on illegals, and soon all will offer them mortgages. WHORES.


27 posted on 05/28/2005 10:28:31 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 22 | View Replies]

To: garyhope

A bunch of seniors bought homes just south of the border in CA - within months the Mexican govt came and kicked them out and took their homes away. They had some kind of deed but it was judged to be invalid. Some of the seniors lost most of their savings.


28 posted on 05/28/2005 10:30:59 PM PDT by CyberAnt (President Bush: "America is the greatest nation on the face of the earth")
[ Post Reply | Private Reply | To 5 | View Replies]

Comment #29 Removed by Moderator

To: rbd3
As great and vast as our nation is, there is a limit to what we can absorb.

God help us.(or in my case God and dry powder)

30 posted on 05/28/2005 10:34:18 PM PDT by smoothsailing (Qui Nhon Turtle Co.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: international american

Bank of America and Wells Fargo are doing the same thing!!!!


Wells Fargo is the worst. We quit banking there exactly for this reason.


31 posted on 05/28/2005 10:34:49 PM PDT by Black Tooth
[ Post Reply | Private Reply | To 8 | View Replies]

To: smoothsailing

Its a pretty good scam. Give the Illegals a mortgage (require 20% down), then report them to INS. The Illegals get deported, and the bank forecloses on the mortgage, takes back the house and sells it at auction. Sweet!


32 posted on 05/28/2005 10:34:49 PM PDT by Cowboy Bob (Question Liberalism)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bayourod; All

"It's not illegal for American banks to loan money to foreign nationals.
It's not illegal for foreign nationals to buy American real estate.

It's not illegal for American banks to loan money to foreign nationals for the purpose of buying American real estate."


Wrong, hotshot. It is illegal for a s7l to knowingly make a loan to a criminal illegal alien. The banks would have started this 10 years ago if they didn't have a problem with it. They are paying big money right now to change one minor glitch in the banking laws, so they can proceed. I have been in banking and high finance all my adult life, so don't bother posting your inaccurate BS


33 posted on 05/28/2005 10:35:17 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 24 | View Replies]

Comment #34 Removed by Moderator

To: Black Tooth

Wells Fargo is no different than the mob. They have been stealing people's real estate for at least 20 years. Just on 2 cases alone, they have paid out 52 million, and 26 million for stealing property. Cost of doing business, I guess.


35 posted on 05/28/2005 10:38:23 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 31 | View Replies]

To: rbd3

Don't know, but it sound like it would be a pretty good scam.


36 posted on 05/28/2005 10:40:17 PM PDT by Cowboy Bob (Question Liberalism)
[ Post Reply | Private Reply | To 34 | View Replies]

To: smoothsailing

Jeff Katz on KNEW was talking about this six weeks ago. It seems that they can apply for an ID number that the banks will accept and use Western Union money transfers receipts and phone bills as credit references.

Also a realtor friend asserts they are the biggest factor propping up the housing market in California.


37 posted on 05/28/2005 10:41:45 PM PDT by tertiary01 (What is it about "pro illegals" that makes them so cranky?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rbd3
By that logic, almost everybody should be responsible for enforcing federal immigration regulations.

Have you checked the immigration status of every employee who works at the dry cleaners to which you take your suits?

Have you inspected the immigration papers of every employee of every restaurant at which you dine?

Have you verified the legal status of every employee at the packing plants that process the meat and chicken you eat?

Please tell me you don't live in a house built partially by illegal immigrants.

38 posted on 05/28/2005 10:42:32 PM PDT by bayourod (Unless we get over 40% of the Hispanic vote in 2008, President Hillary will take all your guns away.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: bayourod

You know damned well that if you turn in an illegal, nothing is done about it. More of your disengenuous BS!!


39 posted on 05/28/2005 10:44:21 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 38 | View Replies]

To: international american
Well, good to know we are on the same page. :)
40 posted on 05/28/2005 10:45:42 PM PDT by smoothsailing (Qui Nhon Turtle Co.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: smoothsailing

I live in southern California.....nuff said.


41 posted on 05/28/2005 10:50:34 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 40 | View Replies]

To: smoothsailing
New South is just like the Old South. Envious Northern industrialists lusted for the cheap labor and large land tracts. When President Lincoln decreed that he would not allow them to plunder the defeated Southern landowners, he signed his own death warrant.

IMHO, this is all in "the Plan" and no one on earth can stop it. Welcome to one-world government.

42 posted on 05/28/2005 10:50:47 PM PDT by steenkeenbadges
[ Post Reply | Private Reply | To 1 | View Replies]

To: smoothsailing

So, if it is a felony to encourage someone to become an illegal alien here in the States, why isn't 90% of the local gov't in SoCal in jail right now? Geeze, we could clean out most of the demos in the Cal State Assembly & Senate too, by convicting 'em as felons. Sounds like a deal to me!


43 posted on 05/28/2005 10:51:31 PM PDT by Bulgaricus (Allah, Allah in Free)
[ Post Reply | Private Reply | To 40 | View Replies]

To: international american
Do you buy goods or services from any companies that employ illegal aliens? If so you are as morally responsible for facilitating the residency of illegal aliens as a bank that loans them money.
44 posted on 05/28/2005 10:51:42 PM PDT by bayourod (Unless we get over 40% of the Hispanic vote in 2008, President Hillary will take all your guns away.)
[ Post Reply | Private Reply | To 39 | View Replies]

To: bayourod
Banks are in business to make profits

Banks are also supposed to obey the law. If a bank knowingly provides a loan to an illegal alien, that bank is violating federal law.

45 posted on 05/28/2005 10:51:50 PM PDT by judgeandjury
[ Post Reply | Private Reply | To 7 | View Replies]

To: smoothsailing

Somebody should check out Springdale, AR (home of Tyson Chicken). The realtors here are advertising this in flyers posted in neighborhood stores.

We even have a Tyson Credit Union down the street to help them establish credit.


46 posted on 05/28/2005 10:52:05 PM PDT by streetpreacher (God DOES exist; He's just not into you!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cowboy Bob
That is a good scam, with the added bonus of appearing patriotic. Good scam, good PR.
47 posted on 05/28/2005 10:53:51 PM PDT by smoothsailing (Qui Nhon Turtle Co.)
[ Post Reply | Private Reply | To 32 | View Replies]

To: rbd3

From what I can gather here in Northwest Arkansas, it benefits one to be an illegal alien vs. a citizen.


48 posted on 05/28/2005 10:54:23 PM PDT by streetpreacher (God DOES exist; He's just not into you!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: international american

Bingo. Criminal behavior awarded on all counts.


49 posted on 05/28/2005 10:55:44 PM PDT by streetpreacher (God DOES exist; He's just not into you!)
[ Post Reply | Private Reply | To 20 | View Replies]

To: streetpreacher

You got it, brother!!


50 posted on 05/28/2005 10:56:49 PM PDT by international american (Tagline now flameproof....purchased from "Conspiracy Guy Custom Taglines"LLC)
[ Post Reply | Private Reply | To 49 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-150151-173 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson