Immigration Enforcement

Illegal Aliens and mortgage mess

The mother of all bailouts has many fathers. As panicked politicians prepare to fork over $1 trillion in taxpayer funding to rescue the financial industry, they’ve fingered regulation, deregulation, Fannie Mae and Freddie Mac, the Community Reinvestment Act, Jimmy Carter, Bill Clinton, both Bushes, greedy banks, greedy borrowers, greedy short-sellers and minority home ownership for blame.

But there’s one giant paternal elephant in the room that has slipped notice: how illegal immigration, crime-enabling banks and open-borders Bush policies fueled the mortgage crisis.

It’s no coincidence that most of the areas hardest hit by the foreclosure wave – Loudoun County, Va., California’s Inland Empire, Stockton and San Joaquin Valley, and Las Vegas and Phoenix, for starters – also happen to be some of the nation’s largest illegal alien sanctuaries. Half of the mortgages to Hispanics are subprime. A quarter of all those subprime loans are in default and foreclosure.

Regional reports across the country have decried the subprime meltdown’s impact on the illegal immigrant “victims.” A July report showed that in seven of the 10 metro areas with the highest foreclosure rates, Hispanics represented at least one-third of the population.

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September 30, 2008 - Posted by | Uncategorized | , , , , , , , , ,

2 Comments »

  1. And to think, some call Lou Dobbs an extremist…

    http://rjjrdq.wordpress.com/2008/09/28/washington-mutual-illegal-aliens-bailout/

    Comment by rjjrdq | September 30, 2008

  2. There is no question that this illegal immigration has caused more problems than anyone could have ever imagined. With the Arizona State Illegal Immigration Law upheld in the courts last Wednesday, there is no excuse for any State not to have a State law to get rid of the ILLEGAL ALIENS.

    The problems they are causing WILL NOT go away until each and every ILLEGAL ALIEN is out of this Country and back in their own country where they belong. Then, and only then, will these problems go away. America has a lot of problems right now, and ILLEGAL ALIENS do not have to be one of them.

    I’m working on Delaware to get a law.

    It’s time for these ILLEGAL ALIENS to pick up their ANCHORS and ship out! CLEAR ENOUGH?

    Comment by Delaware Bob | September 30, 2008


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