This housing bubble/fraud isn’t just about the toxic paper that was passed around the world this bubble/fraud started right at the very bottom and was encouraged by those at the very top. It began with Bush’s idea we will spend our way to prosperity and Allen Greenspan opening the bank vault.

What about all the subprime housing loans, new car loans and credit cards that these banks gave to the illegal aliens? Communities and states are making laws tougher for the illegals and along with all of the I.C.E. raids they are sending these people back to Mexico.

The illegal aliens that are sent back will just walk away from the loans except some will choose to drive home in their new car or truck that the Bank of America just gave them because once it is in Mexico it is their car or truck. Some of these banks are on the hook big time for loans to these illegal aliens with false IDs. There was news out of Denver, Colorado that they are prosecuting a group of people for making fraudulent loans to illegal aliens which they used as straw men. There was also news from Cleveland, Ohio of the very same thing and it was a lot of loans the people walked away with a lot of cash and never made one payment on the ridiculously over valued house. There is more to this housing bubble collapse then they want to talk about.

If all the illegal aliens left these banks would be out big money worsening an already bad situation, we are in for a ruff ride anyway. The banks, corporations, and the government need the illegal aliens to help keep their house of cards alive a little longer.