What Patriot Act?
Recent revelations have brought to the forefront financial institutions, namely Bank of America Corp, among others, that have for some time now been implementing a banking policy which allows illegal aliens with no financial background nor the customary customer identification, such as a social security number, to attain checking accounts, and after a short probationary period, credit cards (NewsMax, Bank of America Offers, 2007). These banking policies have come under attack from illegal immigration opposition groups and there have been reports that legitimate Bank of America Corp customers may close their accounts as a sign of protest to what CNN's Lou Dobbs called an "outrageous" credit card program (NewsMax, Bank of America Defends, 27, 2007). Border security advocate and potential presidential hopeful Tom Tancredo (R, Co) brings forth the most fundamental problem that irresponsible banking procedures create today. That is, potentially unrestricted money flow to a phantom population. Tancredo states, "After September 11th, we were told that money was the lifeblood of terrorists, and that we should do everything possible to block their access to financial resources," (NewsMax, Bank of America Defends, 25, 2007). Tancredo's statement is prudent as it touches a component of the larger problem that has brought forth the rise in opposition to the actions of Bank of America. It would appear that with a minimal amount of logical application one can reasonably conclude that due to the nature of the war on terror, of which a component is the reality of potential terrorist cells within the country, to fail to identify people within our borders to which U.S. financial institutions are actively giving credit, is of a great danger to the country and shows an overabundance of bad judgment. However, for those of us that endorse the capitalistic free market system, we must investigate further before placing final judgment on financial institutions that simply incorporate unpopular if not unwise business decisions.
March 9, 2007
By Paul A. Ibbetson
Canada Free Press
I cant get a C card without id,SSN cant even open checking account
where is the patriot act here
March 9, 2007
By Paul A. Ibbetson
Canada Free Press
I cant get a C card without id,SSN cant even open checking account
where is the patriot act here
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