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CITI forks over $1 million to…La Raza!

By Michelle Malkin  •  September 30, 2008 05:48 PM

Crisis? What crisis? Banking on open borders is alive and well. Just announced today at the shamnesty-promoting National Council of La Raza (The Race) website:

CITI AND THE CITI FOUNDATION AWARD $1,000,000 TO THE NATIONAL COUNCIL OF LA RAZA

Grant Supports Ongoing Capacity Building for Local Affiliates

Washington, DC– Citi and the Citi Foundation presented a $1,000,000 grant to the National Council of La Raza (NCLR) in support of its efforts to build the capacity of its almost 300 affiliates across the country working at the state and local level. These affiliates help advance opportunities for individuals and families through the asset building, housing and community development programs.

“Citi and NCLR continue to be successful partners in transforming the lives of Latino families and communities across the country. Our support of the Raza Development fund in previous years to fund the growth of their community development facility and our current support of their capacity building efforts and pre-development grants to build housing, charter schools and community health centers is at the center of our partnership to build and support healthy communities across the country,” said Salvador Villar, Chairman & CEO, Citibank (Banamex USA). “Our strong partnership with NCLR, the leading Latino civil rights organization in the country, is based on mutual trust and a deep commitment to making communities better.” Through the Citi Foundation’s support, NCLR has assisted over 8,000 low- to moderate-income individuals in the first half of 2008.

“The Citi grant helps NCLR and its affiliates increase the impact of education, health, and housing initiatives throughout the nation. Citi’s investment also allowed NCLR to develop innovative ways to leverage other resources at its disposal to increase the impact of local projects. We firmly believe that by working together with Citi we can improve the quality and quantity of asset-building programs as well as deepen the impact of strategic community development initiatives targeted to the Hispanic community,” said Janet Murguia, President & CEO, NCLR.

The grant will support NCLR initiatives, including:

Expansion of NCLR’s Latino Social Venture Fund which provides pre-development support for affordable housing, community facilities, health care clinics, charter schools, and homeownership counseling.
Provide training courses to more than 130 new homeownership counselors in: HUD certification for housing counseling providers; mortgage default and delinquency counseling; predatory lending; financial counseling; and online client tracking.
###

The National Council of La Raza (NCLR) is the largest national Hispanic civil rights and advocacy organization in the U.S., improving opportunities for millions of Latino Americans in 41 states, Wash, DC and Puerto Rico through its network of 300 nonprofit community-based affiliates. To achieve its mission, NCLR provides a Latino perspective in five key areas: assets/investments, civil rights/immigration, education, employment and economic status, and health.

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex and Nikko. Additional information may be found at www.citi.com

Juan Hernandez approves.

***

Previous:

Kill the bailout: Illegal immigration and the mortgage mess

Open-borders Wachovia bank posts $8.9 billion loss

15 things you should know about “The Race”

Wachovia: Banking on open borders

Bank of Illegal Aliens in America

Banking on illegal immigration

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Comments

  1. #1
    On September 30th, 2008 at 5:53 pm, fred5676 said:

    I’d be banging my head against the wall - IF I were a Citi stockholder!!!

    Glad I’m not!!!

    It’s deja vu all over again:

    Expansion of NCLR’s Latino Social Venture Fund which provides pre-development support for affordable housing

  2. #2
    On September 30th, 2008 at 5:53 pm, DerKrieger said:

    Don’t know what’s worse, corporate pandering or political pandering. I suppose political pandering but only because the dollars promised belong to taxpayers.

  3. #3
    On September 30th, 2008 at 5:56 pm, AlohaGuy said:

    Nothing to see here, move along….

  4. #4
    On September 30th, 2008 at 5:56 pm, right_on said:

    How about America First?

  5. #5
    On September 30th, 2008 at 6:00 pm, Rorschach said:

    What do you expect from Citi/Banamex? is it any wonder they bought out Wachovia? look for CITI to be the next one to flop over and kick it’s legs at the sky, followed by Wells Fargo.

  6. #6
    On September 30th, 2008 at 6:02 pm, John Ansell said:

    And they wonder why we are shutting down the phone, fax and email systems over this bailout robbery? :evil:

  7. #7
    On September 30th, 2008 at 6:03 pm, 24Klady said:

    Guess they don’t need me to continue using my Citibank card? Some things leave you shaking your head. When did we flip over to an alternate universe?

  8. #8
    On September 30th, 2008 at 6:03 pm, ronfromhollywood said:

    since no documents are required… and though i’m half korean… i think i could learn some pidgeon spanish and get in on this La Raza lush fund! and get a 2nd drivers license in California. that would be legal right?

    no documents required right? so its legal if i just tell them anything right?

  9. #9
    On September 30th, 2008 at 6:03 pm, flenser said:

    Those darn right wing corporations keep funding the far left. It’s almost like they’re not really right wing at all, isn’t it?

    When communism comes to America it will come from Wall Street.

  10. #10
    On September 30th, 2008 at 6:04 pm, JohnnyDilznik said:

    “said Salvador Villar”. Hmmmm. I wonder why he would dump a bunch of money in on this one?

  11. #11
    On September 30th, 2008 at 6:05 pm, sonofdy said:

    This is one of the banks that would be bailed out…. sigh…

  12. #12
    On September 30th, 2008 at 6:06 pm, DerKrieger said:

    Why do we have so many poor in this country that we have to create afordable housing?

    Because we subsidize poverty day in and day out via countless programs: WIC, Medicaid, free lunch programs, free vaccinations, SCHIP, welfare, food stamps, public housing, and on and on. It’s too damn easy to be poor!
    If we threw out compassion as a governing principle(?) and reinstated and reason we wouldn’t be so “kind” the poor and perhaps we’d have less Dem clients…I mean poor.

  13. #13
    On September 30th, 2008 at 6:10 pm, ITookTheRedPill said:

    In addition to the countless marches, rallies, meetings and events at the local level, our Party was represented in the swirl of national conferences and protests that took place in the months leading up to election day:

    March for Womens Lives
    Take Back America
    Rainbow/PUSH
    La Raza
    NAACP
    Union conventions including AFSCME, SEIU, Unity convention of UNITE HERE, NEA
    MoveOn house parties
    Events surrounding the Democrat and Republican conventions
    The World Says No to the Bush Agenda protest of half a million in NYC.

    So, who is the Party that was represented at La Raza?
    The Communist Party USA and the 2004 Elections:
    Build the Party, Build the Coalitions

  14. #14
    On September 30th, 2008 at 6:11 pm, emjem24 said:

    So, CITI supports giving away more money to an organization that supports fraud and sub-prime mortgages to illegal hucksters who will just walk away after getting as much cash out of the deal as possible.

    Do these posers ever learn their lesson or what?

  15. #15
    On September 30th, 2008 at 6:11 pm, RabbidSquirrel said:

    Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries

    Hate to tell them, but they only have 199,999,999 million customers as of yesterday.

    (Oh feel the burn Citi!!!)

  16. #16
    On September 30th, 2008 at 6:18 pm, Southpaw said:

    Better be careful who you associate with Citi. Next thing you know, these shakedown artists will be demanding you make subprime mrtgage loans to people who aren’t qualified, have no credit history, no income verification. I hear this is a risky road to travel.

  17. #17
    On September 30th, 2008 at 6:22 pm, NJ-Aviator said:

    No doubt because this.

    and homeownership counseling.

    There will be a lot of need for this.

    mortgage default and delinquency counseling

  18. #18
    On September 30th, 2008 at 6:23 pm, gridlock said:

    The thing that really frosts my mug is that in a couple months, we are going to wind up “bailing out” CITI for this million dollars, and a whole lot more.

  19. #19
    On September 30th, 2008 at 6:25 pm, Papa Louie said:

    If banks have millions to give the the Mexican KKK, why do they need a bailout?

  20. #20
    On September 30th, 2008 at 6:27 pm, Leatherneck said:

    Globalism is all about controlling the money.

    Illegal aliens with a bank account with CITI means getting the money. CITI gives a million, and gets what in the long term. A billion? I don’t know, but good press on the TV channels that the illegal alien watches while waiting for the govmet check will add up.

    Quick, get those anchor babies signed up too.

  21. #21
    On September 30th, 2008 at 6:35 pm, ITookTheRedPill said:

    Is it any surprise that the La Raza logo is red?

    Or that the ACORN logo is on a solid red background?

    Talk about Red Flags being raised…

    Remember the president of NY NOW telling us she wanted to see lots of red flags at the March for Women’s Lives. And the chair of ACORN and Working Families Party who called upon us as family to make our contribution known. Did we respond?
    YES, we responded!

  22. #22
    On September 30th, 2008 at 6:37 pm, ITookTheRedPill said:

    On September 30th, 2008 at 6:22 pm, NJ-Aviator said:

    No doubt because [homeownership counseling] there will be a lot of need for [mortgage default and delinquency counseling]

    Can you say, ACORN?

  23. #23
    On September 30th, 2008 at 6:40 pm, LOBOMAN said:

    I’m running out of finanacial institutions that I want to deal with……….

  24. #24
    On September 30th, 2008 at 6:42 pm, scituate_tgr said:

    RabbidSquirrel….lol!!!

    Too funny

  25. #25
    On September 30th, 2008 at 6:44 pm, John Ansell said:

    JohnnyDilznik said:
    “said Salvador Villar”. Hmmmm. I wonder why he would dump a bunch of money in on this one?

    Does Salvador have a brother name Tony? I’m thinking of a certain Mayor in Los Angeles that had the same last name before he tacked on his ex wife’s name to form Villaragossa.

    Damn, now I’ll be searching.

  26. #26
    On September 30th, 2008 at 6:46 pm, njrazd said:

    These affiliates help advance opportunities for ILLEGAL individuals and families through the asset building, housing and community development programs.

    There, I fixed it.

  27. #27
    On September 30th, 2008 at 6:52 pm, John Ansell said:
  28. #28
    On September 30th, 2008 at 6:52 pm, rightisright said:

    McAmnesty had better keep his mouth shut, I’m having a difficult time thinking I have to vote for this butt head…as is. He just keeps pushing me to not vote. If not for Gov. Palin not sure I would be.

    My House Rep. a dem Peter DeFazio, I’m sorry to say and a few others have come up with an idea to help the banks not wall street and no cost to the tax payers. I know, hard to believe coming from a lib, but every once in awhile he does come up with an idea for America. Rep. DeFazio from Oregon. Basically changing banking rules on mark to market. Heard him being interviewed on local radio by Lars Larson, if any of you are familiar with him, a conservative. Their at odds about this, my dem Rep. voted against the bailout, has an idea to solve i t without taxing America, while Lars a conservative is for the bailout. DeFazio concluded, hey, if it doesn’t work we can always go back to the drawing board. And I say, why not?

  29. #29
    On September 30th, 2008 at 6:52 pm, freaksloan said:

    I am a 11 year employee of Citi and this pisses me off big time.

    But I understand I work for a mostly liberal company.

    But also we are always being accused of being racist, so they do this crab to try to prove they are not.

  30. #30
    On September 30th, 2008 at 7:12 pm, PhredE said:

    rightisright:

    Hey, greetings from OR 5th district (the great State of Portland). I have Hooley as my Rep -excuse me, while I go bang my head against the nearest wall - …ok, I think I’m ok now.

    Re: DeFazio, well, he isn’t perfect of course, but he is much more a populist than most of the other OR US Reps. On this issue, he’s pretty close to 100% I’d say.

    His grade(s) on immigration (via ABI - Americans for Better Immigration) is a “B” - indicating he’s one of the better D’s in the House on the subject too.
    DeFazio ABI Score Link

    I wouldn’t feel too bad about him. It could be much worse, believe me….

  31. #31
    On September 30th, 2008 at 7:16 pm, PhredE said:

    FWIW, DeFazio is slated to appear in an interview on Lou Dobbs (speaking about the failed bailout) here in the next few minutes as well.

  32. #32
    On September 30th, 2008 at 7:19 pm, Common Sense said:

    A safer option for your money and where my money is:

    You don’t need to be an economist to notice we’re in the middle of an economic downturn. What makes the current conditions particularly concerning are the failures of traditionally stable financial institutions. There are numerous reports of banks, big and small, reeling from unsound business decisions.

    But as a Bellco Credit Union member, you don’t need to worry because your financial assets are safe with us.

    Here are just a few reasons why:

    Your deposits at Bellco are insured by the National Credit Union Administration (NCUA). The NCUA is the credit union equivalent to the FDIC for banks. Regular deposits are insured up to $100,000 and IRAs are insured up to $250,000.
    Bellco does not make sub-prime loans. These loans have resulted in big losses for those who have.
    Our Equity Ratio is over 10%, which places us in the highest tier of capitalization measured by the NCUA. In plain English that means we have more than enough money set aside to weather any economic storm.
    We practice “fiduciary responsibility”. As a member-owned organization, our Board of Directors is made up of members like you, so the prosperity of the membership as a whole is always Bellco’s top priority.
    Bellco’s financial statements were audited as of December 31, 2007 and given a clean opinion by Orth, Chakler, Murnane and CO., CPAs.
    Bellco has focused on serving the Denver metro area for over 72 years and continues to grow with over $1.9 Billion in assets. In times like these more and more people are looking for a solid institution like Bellco.
    Economic downturns come and go, but through it all Bellco continues to fulfill our mission; to return our profits to our members in the form of lower rates on loans, higher interest on deposits, and better services.

    As a Bellco member you can rest easy in the knowledge that your money is safe and sound right here in Colorado.

    https://www.bellco.org/YourMoney.asp

  33. #33
    On September 30th, 2008 at 7:31 pm, navywife91 said:

    Is there any politician who has the guts to call La Raza what they are? I’d like some investigations about what exactly this money will do. Where are these community centers, health clinics, etc.? I have a feeling it is probably like Obama’s garden project in Chicago.

  34. #34
    On September 30th, 2008 at 7:55 pm, rightisright said:

    PhredE, hello neighbor, aren’t we in a Red mess in a Blue state. Sprigfld here, not as bad as Portland or Eugene but then again what isn’t. Stop hitting your head on the wall, you’ll start acting like a democrap.
    Tks for the tip, i just missed the program, what did ya think? 1 of the few things I agree with DeFazio on, as far as illegals go, he told me in an email he’d vote for Shuler’s Save Act, but he won’t sign the discharge petition to have a vote on it…scared of Piglosi I guess.

  35. #35
    On September 30th, 2008 at 8:07 pm, RabbidSquirrel said:

    On September 30th, 2008 at 6:25 pm, Papa Louie said:

    …to give the Mexican KKK

    Maybe for the original group, it might just be a matter of a new marketing campaign. I think the term is called Re-Branding.

    Ideas:
    Ka KaKa
    Ka Raza
    La Kaza
    La Klanteños
    The KluDawgs

    They will also need a new symbol. The sideways X is too old school but not enough Retro.

    And ‘New’ Colors - Red is now the new white.

  36. #36
    On September 30th, 2008 at 8:11 pm, Papa Louie said:

    #29 freaksloan said:

    But also we are always being accused of being racist, so they do this crab to try to prove they are not.

    If by “crab” you mean bending over backwards to do the crab walk and appease race-baiters, you’re right. Isn’t that the same reason Congress backed off from reigning in Fannie and Freddie? Wasn’t it because liberal Democrats cried racism every time someone tried to legislate reforms? In committee meetings they accused would-be reformers of trying to “lynch Raines” and trying to keep minorities from buying homes. And the tactic worked.

    Playing the race card got us into this financial mess, but we’re not going to learn anything from it. Businesses and government will continue to pay blackmail every time some “Community Organizer” brings up the race card. So why in the world would they stop bringing it up?

  37. #37
    On September 30th, 2008 at 8:13 pm, Bachbone said:

    This is not the first time CitiBank has spat in Americans’ faces. Some months ago, it (and Bank of America) was asked to stop issuing credit cards to illegals. It refused.

    Some pundit once asked: How much of that $700 billion bailout do you think will go for subprime loans given to illegals (at the insistence of ACORN) who never had to prove an income sufficient to repay that loan?

    Will the “unbiased” moderator Gwen Ifill ask that question of Biden or Palin tomorrow night?

  38. #38
    On September 30th, 2008 at 8:13 pm, Speakup said:

    In the spirit of fairness doesn’t CITI think its only right to also fork over 1m to Numbers USA?

  39. #39
    On September 30th, 2008 at 8:39 pm, secondsight said:

    One down, maybe. Only Wells Fargo, Bank American and JP Morgan to go. Or maybe they have already signed on; it’s hard to imagine BofA far behind.

    PS. these are the survivors (aka Paulson’s Favored Banks); everyone else can merge, die, or fade away.

  40. #40
    On September 30th, 2008 at 8:46 pm, TMoney said:

    Maybe some of you already know this, but scream therapy doesn’t work in an apartment. Scares neighbors and such.

    I’ll give crying a try for a while. :((

  41. #41
    On September 30th, 2008 at 8:49 pm, maisy said:

    Why is this organization allowed to exist??? The KKK is NOT but it’s okay to support a pro hispanic group? If I started a pro white group I would be treated like crap and then sued by the ACLU!!! This country is going to the dogs!!! And most of the mutts are in congress…I’m sick of having to watch every stinking move these clueless,greedy ,corrupt ,treasonous bastards make!

  42. #42
    On September 30th, 2008 at 8:51 pm, bayou22 said:

    More Wall Street BS. Make bad decisions to find a ay to profit off of damn near anything… consequences be damned.

  43. #43
    On September 30th, 2008 at 8:58 pm, Hangfire said:

    If the chairman and CEO were named Seamus Hoolihan, and gave $1,000,000 to the Ancient Order of Hibernians, it would be Page 1 Column 1 of the New York Times, and ACLU lawyers would be playing Rock/Paper/Scissors to see who prosecuted the case.

  44. #44
    On September 30th, 2008 at 9:34 pm, Tazed and Confused said:

    Holy crap batman…. they’re already spending the $700-billion bail-out…

    Here ya go…

    Put it on my American Ex-Prez card.

  45. #45
    On September 30th, 2008 at 9:35 pm, starlightwoman said:

    As far left wing as Citi is - don’t be the least bit surprised. Citi will support anything that is ultra liberal left. I used to work there - it was a real eye opening experience. They not only screw their employees they will do anything for the left wing.

  46. #46
    On September 30th, 2008 at 9:43 pm, flutejpl said:

    As a brand new Citi customer, that’s just not what I wanted to read. Then again, Wachovia was cozy with these types, so this must be some sort of reassuring gesture to them that it will be business as usual now that Wachovia is being eaten.

  47. #47
    On September 30th, 2008 at 9:56 pm, Yiddish Steel said:

    It’s no different than giving a million bucks as a grant to the Ku Klux Klan. Disgusting!

  48. #48
    On September 30th, 2008 at 11:03 pm, e.koenig said:

    i thought the one good thing about wachovia going down the tubes was taking it’s dealings with la raza with it…..guess not.

    i actually had lets say a “spirted debate” on a friday afternoon with my bank tellers and a few customers when i commented on the in house tv commerial feautering the partnership with la raza…one teller at least read the press release and knew what i was talking about.

  49. #49
    On September 30th, 2008 at 11:24 pm, ITookTheRedPill said:

    “…I remember May Day 2006, when I marched shoulder-to-shoulder with the Hispanic community to stand up for comprehensive immigration reform.”

    Barack Obama

  50. #50
    On September 30th, 2008 at 11:25 pm, ITookTheRedPill said:

    May Day! May Day! May Day!

  51. #51
    On September 30th, 2008 at 11:55 pm, Edward said:

    Luis Rosero, Citigroup is the contact on the release. His cell number is listed on a second site as a Citi media contact here look at the end of the ‘queens’ paragraph.

    My apologies if this is not allowed.

  52. #52
    On October 1st, 2008 at 12:21 am, RabbidSquirrel said:

    On September 30th, 2008 at 11:03 pm, e.koenig said:

    i actually had lets say a “spirted debate” on a friday afternoon with my bank tellers and a few customers

    Do tell…

  53. #53
    On October 1st, 2008 at 9:03 am, southsideironworks said:

    Seriously, you should walk into a Citi branch bank one afternoon, they are hardly more than upscale currency exchanges.

    I wonder what Citi’s mortgage default rate was. All I saw were customers taking their entire paychecks in cash.

  54. #54
    On October 1st, 2008 at 9:40 am, Virginia Patriot said:

    20-30 million citizens of other countries are in our country illegally, 55% from Mexico, most of the rest from other Central and South American countries. Let’s not ignore the leftward voting trends of these countries. It is notable that they picked May Day, an old communist day of celebration for their marches.

    Most polls show at least half of the American citizens of Hispanic descent want the borders and laws enforced. Republicans will not win by alienating their current voters to get 40% of a new small block that will grow very large, very fast if amnesty is granted. That will grow the Democrats vote larger and faster as the influx increases exponentially as the result of another amnesty. It will spell the end of the Republican Party. The people who used to vote Republican will stop voting or form a new party. Conservatives will lose political influence and we will slide inexorably towards socialism (it has already started).

    Most of what you hear about this issue is political propaganda that tries to convince you to give up your country without a fight, including on Fox News. The big money players are all on board the cheap labor express, they care not that American citizens do not want another amnesty. We know the last one resulted in 10 times the number of illegal aliens and a general disregard of our laws. The next one will be equally successful.

    We are committing national suicide.

  55. #55
    On October 1st, 2008 at 9:46 am, cheapseat said:

    and our politicians think we should use taxpayer money to bail these folks out? vote no, vote hell no, vote absolutely no more of this “we can’t do business the way we want to, but we can bribe politicians to either allow us to do things (loan to deadbeats) or bribe them to bail us out when we get caught. unfortunately all politicians will gladly take money to do your bidding if the money is large enough. just ask congressman murtha.

  56. #56
    On October 1st, 2008 at 10:42 am, tiredofit08 said:

    one more company to no longer do business with….geeeze…the list keeps growing by leaps and bounds….

    http://www.nclr.org/section/corporate_partners/corporate_partners_program/

  57. #57
    On October 1st, 2008 at 7:11 pm, happy2behere said:

    ANOTHER good argument for putting your account in a small well-managed local bank. Why give money to Dubai, or China, or Saudi Arabia or whoever owns part of them now?

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