What’s the deal with Mexicans and their fear of banks?

Question

What’s the deal with Mexicans and their fear of banks? In my neighborhood, a home invasion netted the robbers $2,000 that the Mexicans victims were using for their next mortgage payment. When I mentioned this to a mexicana friend, she told me she was once robbed of $15,000 that she kept in her apartment. Doesn’t word reach the wabs from their relatives in el Norte that American bank accounts are insured to $100,000?

http://www.nashvillescene.com.Mexicans have distrusted American banks for generations—because of bad experiences with Mexico’s shaky financial institutions, because American banks wouldn’t allow non-residents to open accounts and because many Mexicans are paid by their tax-dodging gabacho employers in cash. Hence, a gray-market financial system based on mattresses, tomato cans and cacti. But that’s a habit practiced these days by only the wabbiest Mexicans because, in 2001, Wells Fargo, Bank of America, Citigroup and other major American banks received approval from the United States Treasury to accept Mexican identification cards (known as a matricula consular) as proof enough for illegals to open bank accounts. The underground money of illegal immigrants soon flooded American bank vaults and continues to do so: a July 18, 2005, BusinessWeek article forecast that “half of all U.S. retail banking growth is expected to come from new immigrants over the next decade

” Critics (see AmericanPatrol.com, for instance) accuse Wells Fargo and Bank of America of pandering to illegals, but remember this, Güero: the influx of Mexican money into American banks means that, like the U.S. economy itself, your life savings will soon depend on Mexicans.Can It Be??? Can It Be ???

Answer 1

They are probably ILLEGAL,and therefore afraid they will get CAUGHT!!! Also,if they don't put it in the bank, HOW will uncle Sam know exactly how much they made???

Answer 2

The reason why most of Latin Americans in the US dont used the banks is because they dont have legal documents, and although they are paying the dam taxes (which they are not getting anything back ..by the way) and doing most of the dirty jobs...they are just afraid that they would be question and kicked out....
Now...who is gonna feed their children back home??

Answer 3

That becomes reportable income at that point....and according to TIME magazine, they showcased quite a few illegal Mexicans being paid cash......would kinda blow their cover......and ya wont see too many bleeding heart liberals answering this question...its a bad chess game for the illegals........

Answer 4

They are all illegals and have no Social Security numbers and no other legal documentation so banks are out and mattresses are in.

Answer 5

OK you deserve something you have covered a question i don't believe that has been asked lol but to answer its because they are illegal no ss number etc etc .

Answer 6

Sometimes, the illegals have to run, and they don't have time to stop by the bank.

Answer 7

Marty I work very hard cleaning up your house you give me is two dollars for two weeks work?

Answer 8

because they have fake i'ds and social security cards .they might get caught . thats how they got jobs fake i d s are easy to get .

Answer 9

Would you use a bank if you didn't have to pay taxes????

Answer 10

IDs maybe. But many have them.