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lquadland10 (< 20)

I had a customer the other day.



December 08, 2008 – Comments (8) | RELATED TICKERS: GLD

Working retail I come across some interesting people. She was telling me about her company that used to do business with bank of America until they found out that they in quite a few cases they don't require identification when opening an account. Now this is not the first time I have heard about that in fact I think a year or so ago on the lou dobbs show about ileagle allians getting bank accounts without documentation and home loans. Now this customer brought it to my attention that they still were opening accounts without documentation and the words MONEY LANDURING came to be heard. That  WAS before the crash and if most banks now are desperate for accounts do they bend the law even more? Now my question is who on the TMF staff will look into this and write about it. Thanks as always. Lynda. P.S. Have you seen the comercials for 70% off in some stores BEFORE CHRISTMAS?  Here on the bottom is good only as long as I keep my job. Until then I won't worry or dwell on it.

8 Comments – Post Your Own

#1) On December 09, 2008 at 12:21 AM, DemonDoug (30.94) wrote:

B of A is evil, it should go to zero, it's worth zero, etc.

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#2) On December 09, 2008 at 3:09 AM, jgseattle (26.28) wrote:

demon -

do you really think BAC is worth 0?

Man if C and BAC both fail what does that mean for the US economy?  (I put in C because if BAC is 0 C is also)

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#3) On December 09, 2008 at 3:31 AM, SkyAlchemist (< 20) wrote:

    I have worked for and with many banks and let me say that B of A is BY FAR the more secure and up to date. As for the question you posed about the illegal aliens getting these accounts with NO identification, it isn't so. The service they provide is allowing them to open banking accounts and obtain an ATM card via showing proof of person (an ID of some sort -usually a passport or a visa) and something showing proof of residence like an electric bill or car registration. Stand in line in any major city where you have an abundance of immigration and you would notice the process. (ie; Atlantic City,  New York City) or perhaps just ask your nearest B of A branch... they may be able to enlighten you as well.

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#4) On December 09, 2008 at 7:42 AM, lquadland10 (< 20) wrote:

Dear SkyAlchemist. 6 mos ago I personally watched this happen with documentation of only a paper showing that they  have an Tx id card coming not a drivers licence and it had no picture. As I well know it is very easy for the person to get a electric bill. So yes from personal experence that I did not think about at the time this is going on. All the person did was say I will go else where and 20 min later they had the account. Got to love the banking system. Did you ever ask yourself about how many accounts are opened every day that use stolen Identy? Qutie a few I hear.

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#5) On December 09, 2008 at 8:10 AM, dinodelaurentis (83.35) wrote:

i don't trust banks.

just a personal prejudice  developed over the years by my experiences with them. i just assume that they are not looking out for my best interests.

i always ask folks, when the subject comes up, how low will people sink for a couple of lousy hundred billion dollars?

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#6) On December 12, 2008 at 8:28 AM, cubanstockpicker (21.16) wrote:


Making up docuements like this is simple if the intent is to get the account open. I was in the mortgage industry during their heyday and I saw with my own eyes perfect copies of important documents that were reproduced to satisfy ignorant and arrogant bank conditions.

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#7) On December 12, 2008 at 1:48 PM, lquadland10 (< 20) wrote:

Yep and LOOK at what the Ponzi Sceem got past the BUSH appointed SEC. BUSHED again with the Law and Constitution.

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#8) On December 12, 2008 at 1:51 PM, lquadland10 (< 20) wrote:

Oh yeah where is all the Iraq oil and money. Cheney and bushes oil buddies????? Banks???? oh yea, Its out there. But where?????

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