With deceptive media and obfuscating punditry, a false picture was painted that the people who got these subprime loans were poor folks or house flippers, or greedy boomers who re-financed to buy their new Volvo and swimming pool. Nope. Wrong! Those cases were few. In actuality, those subprime mortgages issued in the last several years that went into foreclosure went mostly to illegal aliens, the exploiting landlords who rented to illegal aliens, and other citizen minorities who lost jobs to illegal aliens, especially displaced African-Americans in the agricultural, trades and services industries.
Here is a look at the maps on a state level:
Foreclosure activity map. Source here.
 |
Illegal immigrant populations. Source here.
 |
Is it even possible for illegal immigrants to get mortgages? According to CAPS, the answer is yes.
Beyond the anecdotal, Kenneth M. Donohue, inspector general, Office of Inspector General, U.S. Department of Housing and Urban Development (HUD), in Washington, D.C., wrote last year of "seeing a trend with organized groups in some parts of the country to recruit illegal aliens to purchase FHA-insured homes." Illegal aliens are not allowed to buy FHA-insured homes. Mr. Donohue said that "unscrupulous mortgage professionals" would help illegals obtain fraudulent Social Security numbers and other identifying documents.
Based on the correlation of the maps and the fact that illegals did receive mortgages, it is possible there is a connection between illegal immigration and the banking crisis.
2 comments:
Other amendment to the (IRCA) law can be added, but the majority of public opinion demands no path to citizenship or BLANKET AMNESTY. Leave America and apply for an immigration entry visa like honest potential immigrants have for years? If you live in America previously without THE PEOPLES PERMISSION, you will be subject to fines, but not necessarily exempt from an entrance visa. Criminal aliens and anarchists obviously must remain--persona none gratis. A points system must be enacted similar to countries in Europe and even Australia. Points are observed for special highly skilled individuals, specialty engineers, scientists and computer specialists and other equally outstanding credentialed labor that has no equal in our nation.
The deterrent for smuggling yourself and family members into a sovereign country, with no longer is a civil offense. Every business within the jurisdiction of these United States and its territories and islands will be instructed to install E-Verify permanently. A mandatory directive will include criminal penalties for not operating the E-Verification application in all employment. No working person shall be exempt including those who have been on payroll for twenty years or more. New immigrants cannot access any welfare or government subsidies, unless under emergency status. A new stage 2 E-Verify modified to check the persons right to health care, drivers licenses, car insurance, real estate including home purchase. E-Verify could also be adapted to vet a persons voting status in coming elections to halt violations of the law. Within the local Social Security administration those who have remained in limbo, can be verified for any number of irregularities.
In time as E-Verify and its innovations are upgraded, with biometric and photo recognition improvements, the system will certainly pay for itself. Chances are in the coming months rogue politicians whose immigration grading can be viewed on NUMBERSUSA, will try to weaken or drop E-Verify for the favors they owe the US Chamber of Commerce and the nausating special interest groups? Just as they are accomplishing breaking down 287 G, police immigration questioning. ICE raids and other enforcement tools. As I have said before this is all about ECONOMICS. ITS about deteriorating infrastructure, its about the Census bureau stating that in the year 2050, the nation's population is projected to increase by nearly 130 million people -- the equivalent of adding another four states the size of California. Understand about this physical nightmare at CAPSWEB. In conclusion, there is much more information about the corruption in our political parties; not just immigration at the JUDICIAL WATCH site.
A mandated law must be authored that renegade businesses who employ illegal entrants, must be held accountable for the huge bills that hospitals and taxpayers get stuck with?
PAY ATTENTION to the fact that the present Governor of California, Arnold Schwarzenegger is currently endorsing San Francisco's--Sanctuary City--Liberal/Socialist Mayor Gavin Newsom for the new Governor of the State. This would be an absolute atrocity to the legal communities, when Newsom allowed ID for illegal aliens and refused to put young illegal immigrant gang members in the hands of ICE? Indirectly the sanctuary policy that was indifferent to Federal law, was an accessory in the June 22 slaying's of Anthony Bologna and his sons Michael and Matthew. There is already a mayor in Los Angeles who supports the illegal immigrant invasion, so you definitely don't want Gavin Newsom giving bogus identification or welcoming millions more illegal families to extract subsidies from the already cash-strapped Californians.
MY BLOGS ARE NOT COPYRIGHTED! COPY, PASTE AND DISTRIBUTE FOR PUBLIC AWARENESS!
Hmmm. I knew that illegals were a part of it, but not that large a part! I am going to send this article to my local Republican Club here in Southern California.
You take care, Bluegrass. :-)
Lorna
Post a Comment