Speech #1050125331

The callable capital stays in each governments treasury and would only be used in the event of a total failure by the bank. an event that is extremely unlikely. The bank could make loans at attractive rates. because its bonds would be the highest gradebeing guaranteed by the callable capital of the bank. The bilateral development bank addresses the real problem of illegal immigrationwhich is the desperate need for human opportunity. The SimpsonMazzoli immigration reform bill passed by Congress 2 years ago neither addresses the cause of illegal immigration. nor makes it practical for the typical immigrant to enter legally. it is an excercise in futility. The only realistic thing to do is to work on the basic cause of the problem. rather than to throw up a new paper fence. My bilateral bank proposal is realistic. it is positive. it addresses the real problem. it relies on mechanisms that have been proven over decades. and that have worked throughout the world.