States that border Mexico caused the meltdown (simply loans to ILLEGALS)
September 25, 2008
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: California, Arizona, Texas and Florida. It was time to scam America internally and externally.
(THE POPULATION OF HARRY REID’S STATE OF NEVADA IS NOW 25% ILLEGAL. REID HAS WORKED TIRELESSLY FOR MORE ILLEGALS AND OBTAINED $5 MILLION ADDITIONAL TAX PAYER DOLLARS FOR LA RAZA! LAS VEGAS HAS ONE OF THE HIGHEST RATES OF FORECLOSURES IN AMERICA!)
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. Some of the loans came only via an on-line application with no appearance of the person getting the loan was needed. 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.” 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; in two of those areas – Merced and Salinas-Monterey, Calif. – Hispanics comprised half the population. The amnesty-promoting National Council of La Raza and its Development Fund have received millions in federal funds to “counsel” their constituents on obtaining mortgages with little to no money down; the group almost succeeded in attaching a $10 million earmark for itself in one of the housing bills past this spring. ( Proving corruption in high levels of our government) our SENATORS are opperating in a Clandestine manner.
(A clandestine operation is an intelligence or military operation carried out in such a way that the operation goes unnoticed).
Come on people it is 1776 all over again. Some of the owners of the Federal Reserve live in England and Germany. The largest shareholder in the illegal stock of the Federal Reserve lives in England, by the way, this is why England's money is worth the most on earth. Gold prices are set in London each morning. The Euro is the second strongest currency followed by the USA.....we are mere puppets for paying the piper to make these people rich beyond imagination.
So, once again, U. S. citizens will pay for the lawlessness of our leaders and their friends on Wall Street. It is a very bad time for our country!