The 2007 conference of the United Association for Labor Education (UALE)was focused on the theme "The New Face of American Labor: What are the Implications for the Labor Movement?" One of the workshops examined the issue of "Wall Street and Immigration - Dividing America for Profit."

Who profits from "illegal" immigration? Follow the money:

Wall Street leaders played a leading role in Mexico's economic crisis in the mid-90s while raising family debt in the US.

• Bank of America
• Goldman Sachs
• City Corp
• Fidelity
• J.P. Morgan

Today Wall Street profits from "illegal" immigration at taxpayer expense.

JP Morgan Chase, FMR, Bank of America, Wells Fargo, Citi... profiting from hardship in Mexico.

On December 22, 1994, the peso was devalued by 40%. Mexico was then nearly bankrupt largely due to bond debts to Wall Street banks. The international finance leaders stepped in: the U.S., IMF and Canada give Mexico the money to pay Wall Street creditors, but Mexico had to make drastic changes to get the money. The stipulations:

• limit wage increases for all workers

• foreign banks got 49% of the banking market

• interest rates were increased on farm, business and consumer loans in order to pay foreign investors. Rates for business and farm loans increased from 11% to 56%, credit card debt from 7% to 61%, home loans from 5% to 75% and car loans from 7% to 91%.

Between 1995 and 2001 thousands of farms and businesses went bankrupt, millions were laid off from their jobs and many lost their homes.

Now Wall Street - including Morgan Stanley, FMR, Wells Fargo and JP Morgan Chase, is investing in companies to build prisons for "illegal" immigrants, to profit once again from the forced migration created by their own greed.

Download the Wall Street and Immigration Powerpoint presentation