Would Bank of America proposals make it too easy for illegal imagrants and others to get credit cards?

Question

Does anyone know of some proposals to offer credit cards at higher interest without the usual complete documentation such as social security numbers etc etc...

I just wonder at what point helping people hide activities and hide their status, possibly illegal status is a bad idea. Or are there more safeguards than meet the eye? particularly in a post 911 world

see Banking on Illegal Immigrants
http://money.cnn.com/2007/02/13/news/companies/bc.bofa.card.reut/index.htm

Answer 1

yes i'm not 2 happy with bofa right now since i have an account i'm thinking about canceling why don't we give california back 2 them and move 2 oregon?

Answer 2

Um, they're a financial business enterprise. So what they're questioning approximately is money, greenbacks, no longer something different than the dough. The enjoying cards are secured with a reductions account and a huge activity cost. i think of the stable ole' financial business enterprise of u . s . a . of america will make plenty, plenty, plenty greater money off the illegals then they might in all hazard lose from the folk who close their bills. i'm particular a financial business enterprise would have made the calculations some distance in develop of the determination. They knew human beings would get annoyed and figured precisely how many of their shoppers would bypass away and how plenty $ would bypass away with them. They figured it grow to be very much all around. purely think of, those are people who possibly have by no ability had a credit card earlier and don't understand how they artwork, will possibly max out the element as quickly as they get a huge gamble and shop it maxed out, so BOA will make tens of millions, no---billions off them. in the event that they default, the financial business enterprise will purely shop the deposit.

Answer 3

30,000,000 Illegal Mexicans work in the United States of America and they have been buying cars and houses WITH CASH IN ONE PAYMENT for centuries.

Illegal Mexicans now have more land than the United States of America citizens if you consider mortgages as owned by banks.

It seems banks want a piece of that billion dollars each week illegal mexicans send back home.