Thread: Coming Together to Fight ILLEGAL Immigration

Coming Together to Fight ILLEGAL Immigration
WE MUST COME TOGETHER TO FIGHT ILLEGAL IMMIGRATION AND ITS ASTRONOMICAL COSTS.

Unrest is spreading into different States over the collective bargaining with the public sector unions, but the main spotlight is on Wisconsin the smaller of the States where teachers and local workers are up in arms over pensions and promised benefits. Democrats run off with their tale between their legs, afraid to confront the assembly over this issue. The crux of the matter started mainly with the collapse of the real estate industry , Freddie Mac-Freddie Mae threatened by radical groups demanding they give mortgages to the lower income people, including illegal alien families who were unable to afford the properties and yet still qualified for a large, expensive home. The aftermath is millions of Americans are out of work, unable to afford their mortgages and hundreds of thousands heading for foreclosure.

Unlike the majority of the American citizens-legal residents, illegal aliens in possession of ITIN (DeFacto Social Security number) issued by the IRS, where able to purchase houses, and then with the deterioration of the market vanished into oblivion, leaving yet another property waiting for a foreclosure notice. Since when is the IRS above the law, aiding and abetting allowing illegal aliens to buy homes? All US Citizens should read the consequences of giving ITIN numbers to foreigners, that was part of the real estate chaos, http://tinyurl.com/64s59w4 and in addition read about the huge billion dollar fraud with Child Tax Credits at http://tinyurl.com/69s7yhk

My distant family in California has seen the housing market collapse as prices fell, and the banks tightening their lending procedures. Before the bubble burst lending institutions would lend with a fiscal score of just 520, to it has risen to 620 with no allowance for small irregularities. One buyer earning $100 thousand a year, with a good job and stable employment, was not accepted because he had a $32.00 dollar payment outstanding from Macy’s. The Banks have become increasingly Scrooges and are now part of the massive problem, with the real estate market almost dormant., yet they received massive bailouts by the Obama Liberal-Democrats before the 2010 election.

Even today the financial house a refusing to lend and are using every means possible to delay transactions, causing a major disruption for agents and brokers alike. Many small builders have been driven to the edge of bankruptcy. Both Democrats and Republicans must make a stand against the malleable use of the ITIN number. It should not be allowed in qualifying for a property by foreign nationals. The ITIN number had a whole mortgage product built around it, which has now fallen apart. The United States is a land of laws yet the IRS organizes a program to tax illegal behavior in the ITIN. The banks were literary forced to lend money to people living in the country illegally based on their tax Returns. They say that illegal aliens are hard-working, tax-paying people, according to the National Association of Hispanic Real Estate Professionals. So why did they evacuate hundreds of thousands of homes and vanish, leaving a bloody mess. One of the “mastermindsâ€

I agree that banks should not loan money to illegal aliens for their residences in the USA but the restriction discsussed above does not accomplish this.

Both Democrats and Republicans must make a stand against the malleable use of the ITIN number. It should not be allowed in qualifying for a property by foreign nationals.

Neither ITINs nor SSNs are required for buying property however they make the process much easier. There are lawful reasons why an alien who is not permitted to live in the USA and does not ever intend to enter the USA may want to buy property in the USA. A foreign investor may want to have built or buy residences in the USA and then let them out or sell them at a later date. A foreign businessman may want to buy property for use as an office or factory for his business in the USA. I could go on and on with examples.

The oneoldvet was on a tear, slicing and dicing. Great article, wish it was longer, he could have strung up more of the vermin that neglected their duties all the while accepting the pay check.

Originally Posted by artclam

I agree that banks should not loan money to illegal aliens for their residences in the USA but the restriction discsussed above does not accomplish this.

Both Democrats and Republicans must make a stand against the malleable use of the ITIN number. It should not be allowed in qualifying for a property by foreign nationals.

Neither ITINs nor SSNs are required for buying property however they make the process much easier. There are lawful reasons why an alien who is not permitted to live in the USA and does not ever intend to enter the USA may want to buy property in the USA. A foreign investor may want to have built or buy residences in the USA and then let them out or sell them at a later date. A foreign businessman may want to buy property for use as an office or factory for his business in the USA. I could go on and on with examples.

Not only do we need to do away with the ITIN, we need to do away with its purpose, which is to collect income tax, and pass the FairTax. Then, if foreign investors want to invest in properties or enterprises in the US, whether as corporations, some other organized entity or as individuals, they would be free to do so. If they are investing in retail properties or retail businesses, then their agents in the US would be responsible for collecting the FairTax and if they're involved in non-retail enterprises, then they would be required to apply for the various certifications for exempt status covering business to business transactions. Then only legitimate foreign investors would be investing in the US and the states in which they are operating would be handling their exemptions, certifications and collections.

Americans want and need foreign investment in the US in certain areas. No one wants to discourage this reverse investment. However, the ITIN has no impact on that one way or another. The ITIN has been nothing but a vehicle for illegal entities, frauds and money launderers to operate successfully in the United States and needs to be dispensed with, along with the federal income tax that generated it to begin with.

Info from the first link in story:
Giving Cover to Illegal Aliens: IRS Tax ID Numbers Subvert Immigration Law
By Marti Dinerstein
October 2002

Through its issuance of Individual Tax Identification Numbers (ITINs), the Internal Revenue Service (IRS) appears to be blind or indifferent to the reality that it has:


* created an official U.S. tax number that illegal aliens are using as identification, thereby making it easier for them to meld unnoticed into our society;

* endangered homeland security by issuing ITINs to illegal aliens, without adequately ensuring that they are denied to terrorists, criminals on the FBI database, and those under deportation notices;

* exceeded its traditional role as a tax receiver and processor by marketing the ITIN to illegal immigrant communities;

* failed to provide adequate safeguards to prevent illegal aliens from receiving tax benefits to which they are not entitled;

* subverted U.S. immigration laws by withholding information from the INS and SSA about fraudulent activity of illegal aliens;

* provided an ID vehicle that advocates hope will be used to "regularize" illegal aliens; and

* withheld from public review data that is relevant to determining the economic contribution of illegal aliens to U.S. society.

The events of September 11, 2001, were a wake-up call to the American people that something must be done to protect our core identity documents. They were shocked to learn that 18 of the 19 terrorists possessed either state-issued or counterfeit driver’s licenses or ID cards and all 19 had obtained Social Security numbers (SSNs) — some real, some fake. The hijackers simply tapped into an enormous market for fraudulent documents that exists because nine million people have successfully breached our borders and now reside here illegally. Their presence has spawned widespread document and identity fraud that threatens our ability to distinguish illegal aliens from U.S. citizens and legal foreign residents.

This realization jolted Congress, many state legislatures, state motor vehicle departments, and the Social Security Administration into taking a variety of steps to protect the integrity of driver’s licenses and Social Security cards — the two most widely used identity documents in the United States — from misappropriation by illegal residents. Much remains to be done, but real progress has been made.

Ironically, however, the IRS, a division of the Treasury Department, is simultaneously working to provide illegal aliens with a U.S. government-issued identity number that obviates the need for a Social Security number. It is called the Individual Taxpayer Identification Number (ITIN). Very little public information about these numbers has been made available, even though the IRS began issuing them in July 1996, and over 5,500,000 of them have been issued.
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Much more at the link.

Info from 2nd link:
Child Tax Credits for Illegal Immigrants
By Peter A. Schulkin
November 2010
__________________________________________________ ________
Peter A. Schulkin received his PhD in economics from Harvard and is former Director of Research for the National Association of Real Estate Investor Trusts and former Senior Vice President of a real estate arm of Wells Fargo & Co. He has taught at several universities, including UCLA.
__________________________________________________ __________

Summary: The Treasury Department reports that illegal immigrants filing tax returns using the Individual Tax Identification Number are receiving more than $1.5 billion each year from the federal government through the Child Tax Credit and the Additional Child Tax Credit.

Many illegal immigrants are regularly accessing welfare benefits in the United States in different ways.1 They may do so through those state and local governments that do not verify citizenship or that accept false proof of citizenship. In many cases, they access welfare benefits through their citizen children born in the United States. Additionally, and this is the focus of this report, there are ways illegal immigrants can obtain a form of federal welfare that is available to income tax filers. Since a significant percentage of illegal immigrants have low incomes, work “off the books,â€

Info from third link, an editorial:

Why Did the Financial Crisis Inquiry Commission Let Andrew Cuomo Off the Hook?

By Paul Sperry

Published February 01, 2011

FoxNews.com

If there are any doubts that a new federal report investigating the culprits behind the financial crisis was cooked in favor of Democrats, consider its expedient acquittal of former Housing Secretary Andrew Cuomo.

The Financial Crisis Inquiry Commission, led by Pelosi-appointed Democrat Phil Angelides, held 19 hearings in the course of its 15-month, $10 million "investigation." Yet it never called Cuomo, a well-connected Democrat, to publicly testify, even though the former HUD secretary deserved top billing on the list of suspects responsible for the subprime crime.

An honest inquiry would have grilled Cuomo about his role in mandating the reckless "affordable housing" targets that plunged HUD-regulated Fannie Mae and Freddie Mac headlong into the subprime abyss.

However, Cuomo managed to avoid not just the glare of the hearings but any closed-door interviews while successfully running for governor of New York.

It wasn't until last month (Dec. 17 to be precise) -- more than a month after the election and months after the hearings had ended -- that staff investigators caught up with Cuomo, and only then to give him a chance to rationalize the controversial affordable-housing mandates.

"Affordablity means many things," Cuomo explained. "There were moderate income loans. These were teachers, these were firefighters, these were municipal employees, these were people with jobs who paid mortgages. These were not subprime, predatory loans at all."

Only, that's not true. HUD's own reports proposing tougher social mandates for Fannie and Freddie put the lie to his story.

In HUD's 2000 regulatory proposal, Cuomo argued Fannie's and Freddie's "expanded presence in the subprime market could be of significant benefit to lower-income families, minorities, and families living in underserved areas," and he therefore directed them to "play a significant role in the subprime market."

He wasn't talking about "firefighters" with "moderate incomes." He was talking about low-income minorities with weak credit, and using the federally chartered mortgage giants to expand credit to them specifically through the subprime market.

Two years later, as I detail in my just-released book, "The Great American Bank Robbery," the Urban Institute concluded in a report for HUD that "Fannie Mae and Freddie Mac are expanding their subprime business, partially in response to the higher affordable housing goals established by HUD."

In 2004, furthermore, HUD revealed the following in its rules and regulations report for that year: "Partly in response to higher affordable housing goals set by HUD in its new rule set in 2000, the GSEs [government-sponsored enterprises] are increasing their business in the subprime market. In the 2000 GSE Rule, HUD identified subprime borrowers as a market that can assist Fannie Mae and Freddie Mac in reaching their higher affordable housing goals."

Despite the Angelides Commission report's whitewashing, the historical record is clear that Cuomo plunged Freddie and Fannie into dangerous subprime lending, while also insisting they ease their "rigid" credit requirements. HUD's own documents show he prodded them to dominate the subprime market, arguing they would find their "goals-qualifying" mortgages there. He also authorized them to buy subprime securities to earn credits against his drastic Affordable Housing Goals.

Just before leaving office in 2001, Cuomo required that the mortgage giants for the first time devote fully half their business to loans tailored to the needs of low-income and minority borrowers with poor credit.

"It will help reduce the huge homeownership gap dividing whites from minorities and suburbs from cities," the then-HUD secretary argued.

But Fannie and Freddie strained under the tougher mandates, which remained in effect well into the Bush administration. Fannie complained in one internal report that it had to "absorb significant costs to meet the HUD purchase money goals."

Meanwhile, HUD buffaloed Countrywide Financial and hundreds of other mortgage lenders into signing so-called Fair Lending Master Agreements targeting minority communities with subprime loans, as also reported in "The Great American Bank Robbery."

Some of Cuomo's deputies, who were the chief architects of these disastrous policies, are back at HUD, heading Obama administration housing policy.

Instead of holding these policymakers accountable, the 633-page Financial Crisis Inquiry Report pins the blame on Wall Street and lax regulation, while recommending criminal prosecution of bankers.

The report, which was heavily shaped by panel chairman Angelides, cites nine causes of the crisis, none of which is federal housing policy -- the main culprit.

It's plain that Angelides, one-time head of the California Democratic Party, had no business running this important investigation.

As California state treasurer from 1999 to 2007, he actually contributed to the financial crisis by investing more than $3 billion in public funds in the same kinds of risky mortgage-back securities that caused the mess.
He even got Freddie to securitize them. It marked the first time a state had bought securities based on subprime and other nonprime home loans.

Angelides insisted the state's investment in such loans was sound, despite warnings from private economists that the state was taking on undue risk.

By whitewashing government's role in the crisis, Angelides covers not just fellow Democrat Cuomo's tracks, but also his own.

If government is exonerated in the financial mess, we will have created the biggest moral hazard of all -- politicians who can take even more risks with your money knowing they'll never have to face the consequences for their disastrous social engineering.

Paul Sperry, formerly Investor's Business Daily Washington Bureau chief, is a Hoover Institution media fellow and author of "The Great American Bank Robbery: The Unauthorized Report About What Really Caused the Great Recession" (Thomas Nelson Publishers, 2011)."

Read more: http://www.foxnews.com/opinion/2011/02/ ... z1Ebt8dZzC

"Center for Immigration Studies!"
I use the hell outta them when sending e-mails to my state reps!

And gettin' ready to send them this too! Thanks RB!