Bank of America to assist those less fortunate…..AT 21.4% apr

24 02 2007

Cross posted from   Stiknstein…has no mercy

AND YOU THOUGHT CORPORATE AMERICA ONLY CARED ABOUT THE WELFARE OF THE MIDDLE CLASS……………………

The bank’s pilot program, revealed last week, focuses on Hispanics in the Los Angeles area.

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Today, Bank of America Chief Executive Kenneth Lewis vowed to continue the banks new credit card program for Americans….citizens…..taxpayers…..college students….workers…..single dads….homeless people…..single moms……..illegal aliens and potential terrorists.
The bank’s pilot program, revealed last week, focuses on Hispanics in the Los Angeles area. It is open to people (illegal aliens and terrorists) who lack both a Social Security number and a credit history, (like Mohammed Atta) as long as they have held a checking account with the bank for three months without an overdraft (and not told anyone they have overstayed their Visa). Most adults in the U.S. who don’t have a Social Security number are undocumented immigrants. The Charlotte, N.C., banking giant tested the program last year at five branches in Los Angeles, and last week expanded it to 51 branches in Los Angeles County, home to the largest concentration of illegal immigrants in the U.S. The bank hopes to roll out the program (to all illegal aliens and terrorists) nationally later this year.

‘‘These people are coming here for quality of life, and they deserve somebody to give them a chance to achieve that quality of life,’’ says Brian Tuite, the bank’s director of Latin America card operations and one of the architects of the program.
Bank of America defended the program, saying it complies with U.S. banking and antiterrorism laws. Company executives say that the initiative isn’t about politics, but rather about meeting the needs of an untapped group of potential customers.

He might have added:
“There are millions of untapped potential BOA stockholders that could care less how much we exploit illegal immigrants. It is important for these potential investors to realize that our only mission is to make them money. We want to improve their quality of life so that they can buy the stocks and annuities they deserve.
Now that the middle class is tapped out. It is our fiduciary responsibility to explore this new avenue of folks even less able to repay crushing credit card debts. Politics is not a factor…..We applaud both Democrats and Republicans for their disregard of immigration laws and the important banking loopholes they have provided us with.”

As part of the campaign — which kicks off during Sunday’s Academy Awards broadcast on ABC — the bank plans to adopt a new tagline, “Bank of Opportunity, ” replacing the four-year-old slogan “Higher Standards.”

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The new program shows BOA’s commitment to stamping out the loan sharks and check cashing storefronts that preyed on the less fortunate by criminally charging up front fees and high interest rates, leading to never ending debt.

Now folks can now go into a legitimate bank……. and be charged high up front fees and high interest rates which lead to never ending debt……

“We are willing to grant credit to someone with little or no credit history,” says Lance Weaver, Bank of America’s head of international card services…..”
Bank Of America CEO Lewis went on to say that denying services to individuals who can legally use Bank of America products would encourage them to use underground financial services.We believe we have an obligation to serve all those in our country who are legally eligible to receive services. To do less would be discriminatory and unfair.”

SOURCE

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Loan Shark executive Johnny “the Gimp” Fappizio had a warning for consumers:
At least we don’t look yous in in the eye ‘n lie to ya…..
You evuh tried to read the fine print on one of dose statements? Fugitaboutit…..
“Sure we might rough yous up a little, but loozing customers is bad for business. At least we wont take yer house or yer car if yous miss a coupla payments…..
At 21.24% dey aint doin yous no favor…….

Deese bank guys are ruthless…..

This was a production of The Coalition Against Illegal Immigration
(CAII).

If you would like to participate, please go to the above link to learn more. Afterwards, email the coalition and let us know at what level you would like to participate.

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