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  1. #1
    conrad's Avatar
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    Loans To Illegals Played A Big Part In Meltdown

    When President Bush came into our living rooms last evening and solemnly warned us of an economic Armageddon if American taxpayers won’t agree to give him a $700-billion-dollar blank check, he forgot to mention the big part thousands of mortgages made to illegal aliens have played in this financial crisis.

    Link:

    http://www.lastreporter.com/?p=1332

  2. #2
    April
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    Loans To Illegals Played A Big Part In Meltdown
    September 25, 2008 · Posted in Bank failures, Economics, illegal immigration
    Last Reporter

    When President Bush came into our living rooms last evening and solemnly warned us of an economic Armageddon if American taxpayers won’t agree to give him a $700-billion-dollar blank check, he forgot to mention the big part thousands of mortgages made to illegal aliens have played in this financial crisis.

    This is not unexpected, because he and the entire ruling political class of the United States ignore the estimated 12 million illegals that already use our services and infrastructure while spending the bulk of their money back home.

    It’s also no accident that the vast majority of the mortgages already defaulted on or about to default come from states where illegal immigration is the most rampant. According to the New York Times:

    The mortgages, with an average size of about $450,000, were Alt-A loans — the kind often referred to as liar loans, because lenders made them without the usual documentation to verify borrowers’ incomes or savings. Nearly 60 percent of the loans were made in California, Florida and Arizona, where home prices rose — and subsequently fell — faster than almost anywhere else in the country.

    But there’s so much more, according to blogger and journalist Michelle Malkin:

    Regional reports across the country have decried the subprime meltdown’s impact on illegal immigrant “victims.

  3. #3
    April
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    ANOTHER DAY TO SHOUT NO BAIL OUT!!!


    WE CAN DO THIS!!!

    TALK RADIO LIST:

    http://www.alipac.us/ftopict-76263.html


    U.S. SENATE AND HOUSE CONTACT INFORMATION:

    http://www.alipac.us/ftopict-63874.html

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    Congressional Switchboard Numbers

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  4. #4
    Senior Member vmonkey56's Avatar
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    The green light continues here in America for illegal, undocumented workers.

    I was just told by Mrs. Miller of Congressman Coble, what the employers side is on immigration. Employers says, "The new Americans hires want the wages of the immigrant who has been working five years."

    But did anyone check to see if this immigrant is documented to work in the United States. NO IS THE ANSWER! I-9s are not required by federal law to be E-Verified.

    So aiding and abetting and ignoring this fact is fine with our elected officials, is what I gathered from my conversation.

    I was told I needed to vote Republican, oh yes those that have back pockets filled with corporate money.

    And Congressman Coble is probably the best we can hope for in North Carolina.

    When talking to Mrs. Miller I asked why isn't Congressman Coble telling the people about I-9s and the abuse?

    She did not like that at all. And she did not like the words, "No, all Bail Outs."

    Contact info for Congressman Coble is 202 226 9928
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  5. #5
    Senior Member crazybird's Avatar
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    "The new Americans hires want the wages of the immigrant who has been working five years."
    I'm an old American hire and I would like more pay than an immigrant or a high school kids first job. Experience, education, reputation and age should count for something.

    I know illegals are a huge reason for this mortgage fall out. How can you come to this country, not speak English, have no traceable credit history or work history, no education, and in 3 years be living in a McMansion and driving a new vehicle, carring credit cards by supposidly doing jobs Americans won't do for minimum wage, have 6 kids AND supporting a family back home? How? Has to be a ton of blind eyes looking away and a totally different set of standards for them than us and maybe some illegal endeavors.......because it just doesn't add up any way you look at it.
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  6. #6
    Administrator Jean's Avatar
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    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

  7. #7
    Senior Member draindog's Avatar
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    its simple. we been played. thats how. i hope the usa gets informed as to how these invaders are hurting our country. they need to see some real "americana"come to them.

  8. #8
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    Tom Tancredo did a short interview this morning with Neil Cavuto about the loans that have gone to illegals and how it has contributed to the whole mess.

    This is another reasons to call our reps in DC and tell them that we are opposed to a bailout of any kind.

  9. #9
    timeforchange's Avatar
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    The White Elephant in the Room which no one is mentioning

    What remains apparent to everyone is that not just the Democrats went along with this treasonous act toward America’s taxpayers, but the Republicans joined in. Whether the Republicans ran interference or covered up by staying silent…they are equally as guilty.

    They Gave Your Mortgage to a Less Qualified Minority ( Over 3000 respond to this article)
    by Ann Coulter


    http://www.humanevents.com/article.php? ... &page=1#c1
    An excerpt from that article:
    In February this year, on Fox News' "Hannity and Colmes," Bob Bennett, a registered Democrat made the below statement.
    “This crisis was caused by political correctness being forced on the mortgage lending industry in the Clinton era.

  10. #10
    Super Moderator GeorgiaPeach's Avatar
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    Welcome timeforchange.

    Ephesians 4:32
    Matthew 19:26
    But Jesus beheld them, and said unto them, With men this is impossible; but with God all things are possible.
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    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)


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