Undocumented residents being recruited for home loans by Citibank http://www.signonsandiego.com/news/metro/20060206-9999-1n6loans.html "The local program, which uses tax identification numbers instead of Social Security numbers, is similar to programs run by small lenders â and two state agencies â around the country that have distributed millions of dollars to undocumented immigrants over the past few years." "The local tax-ID program has kept a low profile â no Citibank or ACORN-issued news releases â because of the anti-immigrant backlash that the overall program has drawn. Citibank has processed 72 tax-ID loans nationally since October 2004, half in California." This article explains why Citibank is in so much shit right now. I bet this is what's in their massive SIVs -- loans that have no secondary market, too ugly to reveal, and sinking fast.