WEBVTT - Advance Placement: Why the Credit Score System is Racist 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:23.320 Donald J. Trump's leadership. I'm Christy nom the United States 0:00:23.320 --> 0:00:28.120 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:00:28.160 --> 0:00:31.680 crossings are at the lowest levels ever recorded, and over 0:00:31.760 --> 0:00:34.960 one hundred thousand illegal aliens have been arrested. If you 0:00:35.040 --> 0:00:38.920 are here illegally, your next you will be fined nearly 0:00:39.000 --> 0:00:43.000 one thousand dollars a day, imprisoned, and deported. You will 0:00:43.040 --> 0:00:46.680 never return. But if you register using our CBP home 0:00:46.720 --> 0:00:50.120 app and leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:55.240 Do what's right. Leave now. Under President Trump, America's laws, 0:00:55.400 --> 0:00:57.400 border and families will. 0:00:57.200 --> 0:01:00.000 Be protected sponsored by the United States Department of Homeland Security. 0:01:00.200 --> 0:01:05.440 So banks make money by investing other people's money, right yeah, essentially, 0:01:06.360 --> 0:01:08.160 and they invest the money in loaning it out. 0:01:08.440 --> 0:01:10.240 That's basically they take it to posits, they loan it 0:01:10.280 --> 0:01:12.520 out live on the spread primarily. 0:01:12.560 --> 0:01:20.360 So what is you guys' investment strategy or what what 0:01:20.480 --> 0:01:23.200 do you guys invest take consume much money in. 0:01:24.440 --> 0:01:27.520 So it's not about necessarily investing at the at the 0:01:27.520 --> 0:01:29.440 whole and company level. Any investment we make has to 0:01:29.440 --> 0:01:31.920 be approved by the federal regulatory bodies. UH, there will 0:01:31.959 --> 0:01:33.760 be opportunities to do that, and I do think that 0:01:33.880 --> 0:01:35.280 some of the work that we talked that we just 0:01:35.319 --> 0:01:38.200 talked about in FinTechs, I think it's appropriate for us 0:01:38.240 --> 0:01:41.560 to look at figuring out how do we spark more 0:01:41.560 --> 0:01:43.800 innovation in the fintech space so that we can close 0:01:43.800 --> 0:01:46.840 that ecosystem. So investing in technology and in businesses that 0:01:46.840 --> 0:01:49.000 are in that space would make a lot of sense 0:01:49.040 --> 0:01:52.680 for us. But what makes the technology we're talking about it? 0:01:52.800 --> 0:01:55.559 You have to be able to in a post COVID 0:01:55.600 --> 0:01:57.800 world where you know, nobody's walking in a bank to 0:01:57.840 --> 0:02:00.320 do anything right now unless you just have have to. 0:02:01.160 --> 0:02:03.480 We have to be able to get a concierge level 0:02:03.520 --> 0:02:06.000 of banking, so that right now, where you're sitting at 0:02:06.000 --> 0:02:08.959 wherever you are right now, if you decide that, hey, 0:02:09.040 --> 0:02:10.840 you know what, I'm just going to go ahead and 0:02:10.840 --> 0:02:14.440 buy his second house in New Orleans. I need to 0:02:14.440 --> 0:02:17.160 just figure this out. We have to provide the concierge 0:02:17.240 --> 0:02:18.920 level of banking so you don't feel like you're on 0:02:18.960 --> 0:02:21.440 your own. That technology needs to be seamless, but it 0:02:21.480 --> 0:02:24.960 still has to have real people working with you. Only 0:02:25.000 --> 0:02:28.200 four percent of African Americans use Small Business Administration loans 0:02:28.520 --> 0:02:31.720 and that's government guaranteed loans. That's the easiest way of 0:02:32.080 --> 0:02:34.480 getting loans for businesses that have a hard time in 0:02:34.880 --> 0:02:37.600 the dead field. Only four percent. And I used to 0:02:37.680 --> 0:02:39.120 I was at SBA. You know, I was the regional 0:02:39.120 --> 0:02:41.679 administrator for SBA for the Southeast United States. At the 0:02:41.760 --> 0:02:44.640 end of the day's that is one of the biggest 0:02:44.639 --> 0:02:47.000 strategies we have out here because we're not getting access 0:02:47.000 --> 0:02:49.120 to these resources. But I get why people don't do it. 0:02:49.120 --> 0:02:51.480 It seems like a headache. Nobody wants to deal with it. 0:02:51.600 --> 0:02:55.040 You have to create. JP Morgan gives a fifty million 0:02:55.080 --> 0:02:58.119 dollar customer is what we give a fifty thousand dollars 0:02:58.120 --> 0:03:01.639 customer redemption that level of handholding, working with you every 0:03:01.639 --> 0:03:03.239 step of a way to make sure you get access 0:03:03.280 --> 0:03:06.000 to the products and services. So what we invest in 0:03:06.120 --> 0:03:08.440 is like we take these deposits that people that these 0:03:08.440 --> 0:03:11.600 big corporations are giving us, and then we turn them 0:03:11.600 --> 0:03:14.240 into loans and opportunities, whether it's your home loan, your 0:03:14.280 --> 0:03:17.280 business loan, your faith based organization loan. We create debt 0:03:17.320 --> 0:03:20.920 based opportunities. And when it comes to investing, it is 0:03:20.960 --> 0:03:23.440 critically important for us to look at investing at any 0:03:23.520 --> 0:03:26.960 business that closes the racial wealth gap and secures the 0:03:26.960 --> 0:03:30.160 ecosystem for black wealth. If anybody's in that space, then 0:03:30.200 --> 0:03:32.520 absolutely that's something Redemption should be looking at investing in. 0:03:33.200 --> 0:03:35.480 So the numbers are staggering, right, like you said in 0:03:35.520 --> 0:03:37.680 the sixties, is one hundred and thirty five black banks 0:03:37.760 --> 0:03:40.280 about the early two thousands dot com bubble with down 0:03:40.280 --> 0:03:44.320 to forty seven today, were roughly about sixteen to seventeen 0:03:44.360 --> 0:03:47.920 of those banks. However, inside of that sixteen to seventeen, 0:03:48.040 --> 0:03:50.280 I don't know how many of them manage over a 0:03:50.320 --> 0:03:55.600 billion dollars, Right, So there's one, Yeah, there's one that 0:03:55.800 --> 0:03:58.440 manages over a billion dollars. How do we get the clientele, 0:03:58.520 --> 0:04:01.840 the corporate accounts, the customers is with that high net 0:04:02.280 --> 0:04:06.040 value to be part of Redemption Bank? Like, what's the 0:04:06.080 --> 0:04:08.800 marketing plan? What's the strategy to make sure we're getting 0:04:08.800 --> 0:04:10.960 this type of clientele so that we have enough money 0:04:10.960 --> 0:04:13.280 to now lend out to our community. 0:04:13.680 --> 0:04:16.680 Yeah, so just a little bit about how this banking works. 0:04:16.680 --> 0:04:16.840 Man. 0:04:16.880 --> 0:04:19.520 At the end of the day, because a lot of 0:04:19.560 --> 0:04:22.880 these banks are in low to modern income areas, regulators 0:04:22.880 --> 0:04:26.080 look at their loans and say they're risky. And now, honestly, 0:04:26.320 --> 0:04:30.760 historically this has been deemed as racist in many aspects. 0:04:31.839 --> 0:04:34.360 They grade out every loan and we see I've talked 0:04:34.360 --> 0:04:37.080 to black bank presidents that would tell me I got 0:04:37.120 --> 0:04:41.719 regulators coming in here grading my loans for a barbershops risky. 0:04:41.839 --> 0:04:44.400 When these people have never missed the loan, they paid 0:04:44.440 --> 0:04:46.560 on time, they've done everything I've asked them to do. 0:04:46.600 --> 0:04:50.200 But because they in this neighborhood, they get treated as 0:04:50.200 --> 0:04:52.560 though as risky. And what that means is if that 0:04:52.680 --> 0:04:56.200 loans for one hundred thousand dollars, then the regulator tells 0:04:56.200 --> 0:04:58.880 that bank you need to keep one hundred thousand dollars 0:04:58.920 --> 0:05:02.040 of cash in your reserve because that loan may go under. 0:05:02.480 --> 0:05:04.360 Now what that means is that you got to keep 0:05:04.400 --> 0:05:06.040 that one hundred thousand dollars and it's not on the 0:05:06.080 --> 0:05:09.440 street making money anymore. You got to hold you got 0:05:09.440 --> 0:05:11.200 to hold it. So what we do to get around that, 0:05:11.360 --> 0:05:13.680 what we're going to be able to do is say, look, 0:05:14.160 --> 0:05:16.839 you know, we're going to cast a wider net. See, 0:05:16.839 --> 0:05:19.960 most black banks are CDFIs. They're highly concentrated in cities, 0:05:20.080 --> 0:05:23.760 in regional areas. We're choosing not to be a CDF 0:05:23.760 --> 0:05:27.680 five because unfortunately cdfives are too often equated to nonprofits 0:05:27.680 --> 0:05:29.600 and they have all these restrictions. Don't get me wrong, 0:05:29.640 --> 0:05:31.960 they do the really hard work. They are mission driven. However, 0:05:32.360 --> 0:05:34.480 not taking that label and just being a straight up bank, 0:05:35.040 --> 0:05:37.719 you get an opportunity to play across the country. You 0:05:37.760 --> 0:05:40.080 get an opportunity to recruit across the country. And this 0:05:40.200 --> 0:05:42.720 bank was built by black entrepreneurs, and I think that's 0:05:42.720 --> 0:05:46.679 the biggest difference having a bank that eighty five percent 0:05:47.240 --> 0:05:51.600 of our black investors are entrepreneurs, doctors, lawyers, you know, 0:05:51.880 --> 0:05:55.520 hedge fund folks, private equity people. We got one pitch, 0:05:56.120 --> 0:05:59.159 Let's build a bank we actually use. That's something. Let's 0:05:59.200 --> 0:06:01.360 build a bank that you, me and everybody who wants 0:06:01.400 --> 0:06:03.719 to bank black will actually use. Now we can all 0:06:03.760 --> 0:06:05.640 have a conversation about why we don't bank black now, 0:06:05.960 --> 0:06:08.440 and we know what those reasons are, well, let's alleviate 0:06:08.440 --> 0:06:10.520 those reasons by creating a bank that gives me the 0:06:10.560 --> 0:06:13.800 service I need and the access to credit I need. 0:06:13.880 --> 0:06:16.520 How I need it to make sure my business grow. 0:06:16.880 --> 0:06:19.960 If we can do that, then naturally I believe that 0:06:20.000 --> 0:06:22.919 black people will support black owned banks. But if you can't, 0:06:23.240 --> 0:06:25.039 you can't make that up. You got to show up 0:06:25.080 --> 0:06:27.280 with the services. We don't give each other a pass. 0:06:27.320 --> 0:06:29.239 How many how many of us got black bank cards 0:06:29.240 --> 0:06:30.960 in our wallet but may not even use them? And 0:06:31.000 --> 0:06:33.040 then their study at Stanford a while back that showed 0:06:33.040 --> 0:06:35.240 that sixty four percent of black people said they would 0:06:35.320 --> 0:06:38.239 automatically go move to a black bank if they felt 0:06:38.279 --> 0:06:40.320 they got the services that they could get at a 0:06:40.360 --> 0:06:42.600 white bank. We gotta beat that threshold. We have to 0:06:42.640 --> 0:06:44.880 be able to be competitive even to get our. 0:06:46.080 --> 0:06:48.320 This episode is brought to you by P and C Bank. 0:06:48.720 --> 0:06:51.480 A lot of people think podcasts about work are boring, 0:06:51.720 --> 0:06:55.560 and sure, they definitely can be, but understanding a professionals 0:06:55.640 --> 0:06:58.880 routine shows us how they achieve their success little by little, 0:06:59.279 --> 0:07:02.920 day after day. It's like banking with P and C Bank. 0:07:03.400 --> 0:07:06.200 It might seem boring to save, plan and make calculated 0:07:06.200 --> 0:07:09.320 decisions with your bank, but keeping your money boring is 0:07:09.320 --> 0:07:12.640 what helps you live or more happily fulfilled life. P 0:07:12.760 --> 0:07:17.600 and C Bank Brilliantly Boring since eighteen sixty five. 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Let's Square handle the back end so you 0:08:32.480 --> 0:08:34.120 can keep pushing your vision forward. 0:08:36.360 --> 0:08:39.960 An illegal alien from Guatemala charged with raping a child 0:08:40.040 --> 0:08:43.840 in Massachusetts. An MS thirteen gang member from El Salvador 0:08:44.080 --> 0:08:48.240 accused of murdering a Texas man of Venezuelan charged with 0:08:48.280 --> 0:08:52.200 filming and selling child pornography in Michigan. These are just 0:08:52.280 --> 0:08:56.040 some of the heinous migrant criminals caught because of President 0:08:56.080 --> 0:08:59.560 Donald J. Trump's leadership. I'm Christine Noman, the United States 0:08:59.559 --> 0:09:04.480 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:09:04.520 --> 0:09:08.040 crossings are at the lowest levels ever recorded, and over 0:09:08.120 --> 0:09:11.360 one hundred thousand illegal aliens have been arrested. If you 0:09:11.400 --> 0:09:15.280 are here illegally, your next you will be fine nearly 0:09:15.360 --> 0:09:19.360 one thousand dollars a day, imprisoned and deported, you will 0:09:19.400 --> 0:09:23.040 never return. But if you register using our CBP home 0:09:23.080 --> 0:09:26.480 app and leave now, you could be allowed to return legally. 0:09:26.840 --> 0:09:31.560 Do what's right. Leave now under President Trump America's laws 0:09:31.760 --> 0:09:33.760 border and families will. 0:09:33.559 --> 0:09:36.360 Be protected sponsored by the United States Department of Homeland Security, 0:09:36.480 --> 0:09:37.800 Home People support and that's fine. 0:09:37.800 --> 0:09:39.760 I'm okay with it. I'm not afraid of competing. That's 0:09:39.800 --> 0:09:42.040 exactly why we're doing this in Utah so we can 0:09:42.080 --> 0:09:45.160 have access to the resources in a regulatory environment so 0:09:45.200 --> 0:09:47.280 that we can compete. I don't want you come to 0:09:47.280 --> 0:09:48.679 be just because I'm back. Once you come because I'm the 0:09:48.679 --> 0:09:50.240 best of what I do and you believe in what 0:09:50.280 --> 0:09:52.200 we're doing, because we want to be the best for us. 0:09:52.760 --> 0:09:54.560 I think over the last twenty years banks have been 0:09:54.559 --> 0:09:58.240 in a crisis. This year, mid size and small banks 0:09:58.240 --> 0:10:01.320 have been falling apart on publicanas, trade to market. What 0:10:01.360 --> 0:10:03.920 are some of those services that people need and what 0:10:03.960 --> 0:10:07.040 do you think banks can do better if I'm being 0:10:07.040 --> 0:10:09.760 honest to have our trust, because when I talk about 0:10:09.840 --> 0:10:13.200 a lot of banking stocks on the show, not many 0:10:13.200 --> 0:10:16.000 people say that they trust banks, and for a multitude 0:10:16.040 --> 0:10:17.800 of reasons. Can you address, like what you're going to 0:10:17.840 --> 0:10:21.120 do to build those kind of relations where they do trust? 0:10:21.280 --> 0:10:23.120 And then what do you think some of those services 0:10:23.120 --> 0:10:25.080 that people would need to make us want to bank 0:10:25.400 --> 0:10:26.440 with you. 0:10:26.440 --> 0:10:28.800 You know the distrust of African Americans and the banks 0:10:29.120 --> 0:10:32.040 has been since the since right after the Civil War. 0:10:32.200 --> 0:10:35.160 W the Boys said it the best when the Freeman's Bureau, 0:10:35.280 --> 0:10:37.560 which was created for free people, ended up being a 0:10:37.559 --> 0:10:41.080 Ponzi scam and deleting ninety percent of all black wealth. 0:10:41.080 --> 0:10:43.240 When that bank closed, nobody got to refund, nobody got 0:10:43.240 --> 0:10:46.680 to io you. It was just gone. WB the Boys said, 0:10:46.679 --> 0:10:49.120 it would have been better off if we had to 0:10:49.120 --> 0:10:53.000 remain slaves for another decade, then to suffer the ramifications 0:10:53.000 --> 0:10:55.720 psychologically of losing all of our money in a federal 0:10:55.760 --> 0:10:58.400 bank that the government created, and we are the children 0:10:59.120 --> 0:11:01.959 of that distrust. We're still here and the trust is 0:11:02.000 --> 0:11:05.080 still real. So it starts with the fact of who's 0:11:05.160 --> 0:11:07.560 running the bank. Can you put faith in these people 0:11:07.640 --> 0:11:10.040 that run the bank? And then two, when it comes 0:11:10.040 --> 0:11:12.440 down to making a decision. I know, we got laws 0:11:12.440 --> 0:11:14.920 that's supposed to say it's anti discriminatory, you should not 0:11:15.080 --> 0:11:18.559 use race in a negative way. But the numbers are 0:11:18.600 --> 0:11:21.400 the numbers. We have to be able to think outside 0:11:21.400 --> 0:11:22.800 of the box. Because I'm gonna tell you right now, 0:11:23.360 --> 0:11:26.080 as long as we rely on credit scores in this 0:11:26.200 --> 0:11:29.560 country as a primary indicator of who's worthy of owning 0:11:29.600 --> 0:11:32.600 anything or getting access to credit, we will fundamentally have 0:11:32.720 --> 0:11:35.880 a racist system. So the future of banking has to 0:11:35.880 --> 0:11:38.400 be around looking at people more than a credit score. 0:11:38.640 --> 0:11:40.160 The future of banking has to be able to see 0:11:40.160 --> 0:11:42.560 people from cash flow. And you and I know dealing 0:11:42.559 --> 0:11:46.040 with black entrepreneurs. Ninety percent of us are sold entrepreneurs, 0:11:46.280 --> 0:11:48.160 and a lot of them just go straight cash because 0:11:48.160 --> 0:11:49.839 they don't for the exact reasons. They'd rather just be 0:11:49.880 --> 0:11:51.800 a cash based business than go into debt. But that 0:11:51.840 --> 0:11:53.680 doesn't mean they're not good at what they're doing. They're 0:11:53.679 --> 0:11:56.679 actually slowing themselves down by not leveraging credit. But if 0:11:56.679 --> 0:11:59.280 we could go to them and show them, look, the 0:11:59.360 --> 0:12:03.000 decisions will be based off of more than this algorithm. 0:12:03.360 --> 0:12:06.360 And that algorithm that experience Echo Facts and TransUnion put 0:12:06.400 --> 0:12:08.840 out there says that fifty percent of black people shouldn't 0:12:08.840 --> 0:12:12.320 be trusted. That's what it says, and so any system 0:12:12.320 --> 0:12:14.560 that possibly could believe the fifty percent of us shouldn't 0:12:14.559 --> 0:12:17.200 be trusted to get along, that system shouldn't be trusted. 0:12:17.480 --> 0:12:19.400 So we must be at the forefront, all of us 0:12:19.400 --> 0:12:22.400 who are in this space and moving our people away 0:12:22.840 --> 0:12:26.360 from these antiquated algorithms that talk about credit scoring in 0:12:26.400 --> 0:12:29.000 a way that limits our ability to have full access 0:12:29.000 --> 0:12:31.240 to this capitalist economy. 0:12:31.360 --> 0:12:34.559 So, okay, when doctor Martin Luther King dicead it was 0:12:34.559 --> 0:12:36.640 one hundred and twenty banks, right, black banks on hundred 0:12:36.640 --> 0:12:41.320 and thirty five, one hundred and thirty five yep, And 0:12:41.400 --> 0:12:46.520 now there is twenty right, So that's pretty disturbing. So 0:12:46.880 --> 0:12:50.720 a how come that isn't something that people have talked 0:12:50.720 --> 0:12:56.079 about a lot? And why has that drastic Because I'm 0:12:56.160 --> 0:12:58.560 at this point is probably going to be zero if 0:12:58.600 --> 0:13:02.120 this trend continue in the next thirty years, that there's 0:13:02.120 --> 0:13:03.960 not gonna be any any black owned banks at all. 0:13:04.360 --> 0:13:07.720 So what is the root cause for the for the 0:13:07.760 --> 0:13:13.000 collapse of black banks? And why has it anybody really 0:13:13.000 --> 0:13:13.840 been champion that? 0:13:14.840 --> 0:13:19.840 Look, that's a great question. A dear friend of ours, Mersa, 0:13:20.280 --> 0:13:22.320 wrote the book Color of Money. If you want to, 0:13:22.400 --> 0:13:23.760 if you're out here right now, you want to read 0:13:23.800 --> 0:13:25.400 the history of all this, The Color of Money, black 0:13:25.440 --> 0:13:27.160 banks and closing the racial wealth gap, take a look 0:13:27.160 --> 0:13:28.800 at it. Give her a shout out. She did an 0:13:28.800 --> 0:13:31.680 amazing book there. But let me give you some personal 0:13:31.720 --> 0:13:35.080 history here. My family started a black bank in nineteen 0:13:35.200 --> 0:13:39.200 thirty six in Georgia, South Georgia Baker Byromville. This bank 0:13:39.320 --> 0:13:42.800 was started by my great great grandfather and his brother 0:13:42.840 --> 0:13:45.439 in law, and it was built for the fact of 0:13:45.800 --> 0:13:49.960 they wanted to create a bank that could finance sharecroppers 0:13:50.080 --> 0:13:52.800 to buy the land that they were sharecropping on. Because 0:13:52.800 --> 0:13:55.160 everybody knew that when slaves left and started sharecropping that 0:13:55.200 --> 0:13:57.439 ten percent was just a way to stay alive long 0:13:57.520 --> 0:14:00.319 enough to keep working. But we created a bank that 0:14:00.360 --> 0:14:02.880 could finance them buying the land that they were formerly 0:14:02.920 --> 0:14:05.360 slaves on, and these sharecroppers could go and create prosperous 0:14:05.400 --> 0:14:07.920 lives and it worked. Now. That bank ran from nineteen 0:14:07.960 --> 0:14:10.200 thirty four, and in nineteen thirty four it was about 0:14:10.200 --> 0:14:12.160 one hundred and eighty black banks. There was a tremendous 0:14:12.160 --> 0:14:15.120 amount of black banks. We went out. We lost that 0:14:15.160 --> 0:14:17.560 bank in nineteen seventy six. We lost that bank in 0:14:17.600 --> 0:14:21.080 seventy six because the American economy declined right after Vietnam War. 0:14:21.360 --> 0:14:24.240 Everything was economically trash. Really a lot of hints of 0:14:24.280 --> 0:14:27.040 where we are right now. But we were forced We 0:14:27.040 --> 0:14:30.040 were forced out. It wasn't like we just closed because 0:14:30.040 --> 0:14:34.160 we didn't have business. The bank closed because regulators were 0:14:34.240 --> 0:14:36.640 over regulating black banks and not giving us the same 0:14:36.720 --> 0:14:39.360 treatment as they were giving white banks. The regulators at 0:14:39.360 --> 0:14:41.320 the end of the day, all the police at the 0:14:41.400 --> 0:14:43.120 end of the day, they are the police of the industry. 0:14:43.400 --> 0:14:46.800 And we all know policing is different in different neighborhoods. 0:14:47.760 --> 0:14:51.320 In our neighborhood with the black banking neighborhood, traditionally, those 0:14:51.360 --> 0:14:55.400 regulators have been harder on black banks, not making them 0:14:55.400 --> 0:14:58.080 have the capital requirements that white banks had, and forcing 0:14:58.160 --> 0:15:01.280 us in the situations where ultimate, my family's bank was 0:15:01.280 --> 0:15:03.800 forced to auction. Now because we're making money, we got 0:15:03.800 --> 0:15:07.280 forced to auction, like literally auctioned off. And we know 0:15:07.320 --> 0:15:09.520 what that looks like in the Deep South, right, And 0:15:09.600 --> 0:15:12.600 ultimately that our black bank was auctioned off and got 0:15:12.640 --> 0:15:14.680 rolled up into what we call now P and C Bank. 0:15:16.720 --> 0:15:17.680 That's the story of America. 0:15:17.840 --> 0:15:20.920 So your bank got turned in to P and C Bank, right. 0:15:21.040 --> 0:15:24.680 An illegal alien from Guatemala charged with raping a child 0:15:24.720 --> 0:15:28.520 in Massachusetts. An MS thirteen gang member from Al Salvador 0:15:28.760 --> 0:15:32.880 accused of murdering a Texas man of Venezuelan charged with 0:15:32.960 --> 0:15:36.840 filming and selling child pornography in Michigan. These are just 0:15:36.960 --> 0:15:40.720 some of the heinous migrant criminals caught because of President 0:15:40.760 --> 0:15:44.280 Donald J. Trump's leadership. I'm Christy Noman, the United States 0:15:44.360 --> 0:15:49.160 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:15:49.160 --> 0:15:52.720 crossings are at the lowest levels ever recorded, and over 0:15:52.800 --> 0:15:56.000 one hundred thousand illegal aliens have been arrested. If you 0:15:56.080 --> 0:15:59.880 were here illegally, your next you will be fine nearly 0:16:00.080 --> 0:16:04.040 one thousand dollars a day, imprisoned and deported, you will 0:16:04.080 --> 0:16:07.720 never return. But if you register using our CBP home 0:16:07.760 --> 0:16:11.120 app and leave now, you could be allowed to return legally. 0:16:11.480 --> 0:16:16.280 Do what's right. Leave now. Under President Trump, America's laws, 0:16:16.400 --> 0:16:18.840 border and families will be protected. 0:16:18.960 --> 0:16:21.080 Sponsored by the United States Department of Homeland Security.