Why, Sirs?
I have a problem with a Banking institution (Ironically called Bank of America), targeting a program at illegal immigrants. What's worse, is this is a terrible program for those who get involved. They have to pony up a deposit pretty much equal to their credit line, and BofA can charge enormous interest rates. But hey, great for BofA and their shareholders, if it works. Whatever makes money.....just not with mine
I have a problem with a Banking institution (Ironically called Bank of America), targeting a program at illegal immigrants.
The Bank of America was born in San Francisco in 1904 as the American Bank of Italy. Its savvy first-generation American owner, Amadeo Giannini, founded the bank in order to tap into a market that other bankers considered too down-market and perhaps even ethically dubious: the working class. Giannini went door-to-door, explaining how banks (and credit) worked to win his first customers, in language they could understand. By 1928, his face was on the cover of Time magazine. He had revolutionized the banking industry. |
I have a problem with a Banking institution (Ironically called Bank of America), targeting a program at illegal immigrants.
I don't see what is ironic about it at all. From "Credit Where Credit Is Due (http://www.reason.com/news/show/118741.html)" by Katherine Mangu-Ward:
From "Credit Where Credit Is Due (http://www.reason.com/news/show/118741.html)" by Katherine Mangu-Ward:[/color]Whole article at the Reason Online (http://www.reason.com/news/show/118741.html).
The Bank of America was born in San Francisco in 1904 as the American Bank of Italy. Its savvy first-generation American owner, Amadeo Giannini, founded the bank in order to tap into a market that other bankers considered too down-market and perhaps even ethically dubious: the working class. Giannini went door-to-door, explaining how banks (and credit) worked to win his first customers, in language they could understand. By 1928, his face was on the cover of Time magazine. He had revolutionized the banking industry.
Seems completely un-ironic to me.
Katherine Mangu-Ward really ought to do her research.