Here's today's Washington Watch Daily commentary from FRC Radio:
At the Bank of America, interest rates are skyrocketing. But the interest has nothing to do with money and everything to do with the national attention the companys getting for its latest decision. Last week, Bank of America announced that it would start offering credit cards to illegal immigrants. Anywhere from 12 to 20 million people are said to be living in the country illegally, and the bank says its decision will help them put down roots. But the moves caused outrage from lots of citizens who say the bank should not be in the habit of lending to illegalsand that includes lending the wrong impression. Offering them credit only legitimizes millions of lawbreakers. Obviously, the company has a vested interest in expanding their base. But someone should remind them that the Bank of Americaof all placesshouldnt be giving special treatment to people living here illegaly. On an issue like this, banks should only give credit where credit is due.