SAY WORD! | BANK OF AMERICA DRAWS HEAT FOR ITS IMMIGRANT FRIENDLY LENDING POLICIES
By Led Black
The Right Wing crazies are up in arms over Bank of America’s latest pilot program to provide secured credit cards to Spanish speaking immigrants who might not have social security cards. This is what favorite racist nut-job, Representative Tom Tancredo, had to say, "I hope the administration will shut down this reckless and illegal program before Bank of America extends a line of credit to a potential terrorist". What him and his despicable ilk are attempting to do is nothing less than to paint all immigrants, illegal or otherwise, as dangerous subversives looking to destroy the American way of life. Nothing could be further from the truth but the anti-immigrant movement is gaining traction across the country as immigrants are being made out to be the scapegoats on everything from the attack on the middle class to terrorism. Bank of America’s forward-thinking move makes perfect fiscal sense and is neither illegal nor immoral. It is a smart business decision that can help to position the financial institution as the bank of a New America, an America that is diverse, increasingly bi-lingual and much more inclusive.