If so, how much should the fine be?
If not, please explain why not.
2007-03-04 07:39:50 · 11 answers · asked by Chi Guy 5 in Politics & Government ➔ Politics
After due process, they should be subject to the full extent of the law.
Meanwhile, Americans should use their free market rights to act accordingly.
EDIT: r1b1c, you are absolutely incorrect. Integrity within the banking system is the only way capitalism can work. If the banks do not uphold their fiduciary responsibilities to their customers, they will shut the nation down. I never have banked with them. I always stay with the State operated banks. Always will. When they are gone, I might start stuffing my mattress.
2007-03-04 07:44:30 · answer #1 · answered by ? 7 · 3⤊ 1⤋
There is a difference between "willingly" and "knowingly". They can willingly issue a credit card without knowing the applicant is committing fraud. However, if they know they do then it is wrong and some action should be taken. This raises a bigger question though - why would they do this knowing that someone is committing a fraud?? They are putting their own money on the line.
2007-03-04 15:51:27 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Yes, they absolutely should be.
They are enabling, and making life easier for, scumbags who sneak into this country, thumb their noses at our laws, steal real Americans' identities (and make a mess out of their lives).
The fine should be 50% more than whatever money they actually make off the commerce they do with the illegal aliens. (You ARE talking about illegal aliens when you say "ID fraudsters," right? Why be so damned PC about it? We're talking about the big news that B.o.A. is willing to give illegals credit cards without a social security number.
2007-03-04 15:48:14 · answer #3 · answered by peacefuljeffrey 2 · 0⤊ 1⤋
You want government to decide whether private enterprise should extend credit to people, and in what manner? That's insane. If the Bank of America wishes to send credit cards to dogs and cats, that should be their unfettered right.
2007-03-04 15:49:58 · answer #4 · answered by Rick N 5 · 1⤊ 0⤋
It would have more of an impact if all U.S. citizens closed all their account w/Bank of American and refinanced their mortgages and loans with other corrupt free banking institutions. Citibank and Wachovia among others are also doing what Bank of America is doing.
2007-03-04 15:51:20 · answer #5 · answered by Heidi 4 6 · 1⤊ 0⤋
Bank Of America should be shut down for being the worst bank in history
2007-03-04 15:42:35 · answer #6 · answered by mrlebowski99 6 · 2⤊ 1⤋
In this era of identify theft, money laundering and terrorist funding, if it isn't already illegal to allow someone to open a bank account without a social security number and proper ID it should be made so immediately.
2007-03-04 15:47:24 · answer #7 · answered by Jacob W 7 · 0⤊ 1⤋
Yes they should be fined the same amount they fine their customers who overdraw. And those fines should be deposited in my account.
2007-03-04 15:47:12 · answer #8 · answered by seattleogre 3 · 2⤊ 0⤋
Not unless they change the law and make their actions illegal. As of now, BofA has committed no crime.
2007-03-04 16:23:31 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Why would they be fined?
That is a business and like all businesses they have the right to do business with whomever whenever and wherever they choose. Should you be fined for buying groceries that were likely picked by undocumented workers? of course not.
2007-03-04 15:43:13 · answer #10 · answered by r1b1c* 7 · 3⤊ 4⤋