Did Illegal Immigration Cause the Recession?
April 15, 2008

Just some thoughts - no well researched piece here!

Which 2 industries were hurt worst by the sub-prime fiasco? Financial institutions and the home builders. It just so happens that these were the 2 industries that also caused it.

Could it be that cheap labor (illegal immigrants) helped the home builders make huge profits which they then plowed back into more and more new homes and condos?

But who was going to buy all these new homes?

Well, maybe the financial institutions will be greedy enough to allow anyone to get a mortgage. Prices keep going up so where’s the risk? With “no docâ€