(Zero Hedge)—A bank connected to leftwing billionaire Tom Steyer is giving loans to illegal immigrants using a financial loophole—claiming it’s a way to fight “systemic racism”, according to the Daily Wire.
Beneficial State Bank, based in Oakland, California, offers loans to immigrants without legal status by using Individual Taxpayer Identification Numbers (ITINs) instead of Social Security numbers.
The bank says this is part of its mission to promote fairness. “Beneficial State Bank is committed to addressing financial inequalities that disproportionately affect communities of color, a result of centuries of systemic racism,” the bank said in its 2022 impact report.
“A key initiative is lending to immigrant customers who may not have Social Security numbers but possess Individual Taxpayer Identification Numbers.” In 2022, it issued $25 million in auto loans to 707 ITIN borrowers
The Daily Wire writes that in 2023, the bank continued to push this strategy. “Because many financial institutions require social security numbers, people without them, such as recent immigrants to the United States, can face barriers to qualifying for the loan they need to purchase a car,” the report reads.
“The bank lends to customers with Individual Taxpayer Identification Numbers, providing critical access to credit and expanding financial inclusion.” About 10% of its 16,000 auto loans are made this way.
The bank started by offering loans to undocumented immigrants through furniture stores, according to the Global Alliance for Banking on Values. It also lends to people with California AB 60 driver’s licenses, which are available to those who “are unable to provide proof of legal residence in the United States.”
Beneficial State Bank did not respond to questions about this. But it’s not the only bank making ITIN loans. Prysma Lending has issued over a billion dollars in these loans and hosted talks to help immigrants avoid deportation by using a “credible fear” interview.
This ITIN loan tactic also supports developments like Colony Ridge in Texas, which has been linked to illegal immigrants, including criminals.
Leaked emails from a Texas land developer show there’s a whole lending industry targeting illegal immigrants. One developer admitted, “we will not be able to sell our developments if each of our buyers have to have [social security numbers].”
Why One Survival Food Company Shines Above the Rest
Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.
It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?
This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.
Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.
At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.
What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.
The Colony Ridge in Texas is a racket. They loan money for houses to illegals knowing they can’t pay for long. They foreclose and repossess the house and sell it to the next illegal, take their money til they can’t pay, foreclose and sell it again.