Goldman Sachs Bankster “King of the Foreclosures” Treasury Secretary Steven Mnuchin vows that the Goldman Sachs infested Trump Admin will hand no-strings massive socialist bailouts to Trump Hotels. Mnuchin says the welfare will exceed the Bankster-owned Democrat Party’s massive bailout of Obama crony Jamie Dimon of J P Morgan’s bailout in 2008
I have written
frequently that I estimate that one-third of the mortgage foreclosures in the
2007-10 period were of Hispanic homebuyers. Very many had been granted
mortgages, despite bad or dubious credit, by lenders who then fobbed them off
on Fannie Mae and Freddie Mac or other mortgage securitizers, in the meantime
gaining brownie points with regulators for lending to “minorities.” Evidence
supporting this comes, inadvertently, from an Urban Institute report
spotlighted by the industrious and provocative blogger SteveSailer. You can see
that there was a huge increase in the number of mortgages granted to Hispanics
in the years running up to 2006, when housing prices peaked, centered in metro
Los Angeles and the adjacent Inland Empire to the east, in California’s Central
Valley and in metro Las Vegas and Phoenix. Not coincidentally, these “sand
states” (plus Florida) accounted for more than half of mortgage foreclosures
when housing prices plummeted and buyers who suddenly found themselves
underwater and/or out of work defaulted on their mortgages.
This was an
enormous policy failure, attributable both to the Clinton and the Bush
administrations. Both presidents championed Hispanic home-buying, which in
practice meant granting mortgages, by bending the rules or simply ignoring
them, to non-creditworthy borrowers. Some liberal analysts like to speak of
credit standards as somehow embodying racial (or anti-Hispanic) prejudice, but
this is obviously not so. The consequences of this misguided policy were
horrendous, for the entire economy of the nation, indeed much of the world —
and for the foreclosed-on homebuyers themselves. They had been sold a dream,
that they could with little or no money down put themselves on the road to
accumulating a six-figure net worth because, hey, housing prices always go up.
That dream turned out to be a nightmare. I suspect that that nightmare has
played a major rule in the cessation of net migration to the United States from
Mexico, which the Pew Hispanic Center
estimates as zero from 2007 on to the year of the latest available data.
Now the Urban
Institute and the Obama administration are pushing for more mortgages for
blacks and Hispanics with subpar credit ratings. Haven’t America, the world and
the intended beneficiaries already suffered enough from this perhaps
well-intentioned but indubitably misguided policy?
The U.S. Chamber of Commerce partners with Mexico andthe Democrat party to WAR on the America
worker and then pass along the real cost of all that “cheap” Mexican labor, the
LA RAZA welfare state, anchorbaby
welfare and crime tidal wave to the AMERICAN MIDDLE CLASS.
Chamber is in the pocket of Communist China and big companies seeking cheap
labor in the United States. We think it is morally repugnant for the chamber to pursue, as a matter of
public policy, initiatives which exploit the poor and oppressed, just so they
can keep labor costs down for their fortune 500 member companies.”
OFFICE of REP. KERRY BENTIVOLIO (R-Milford)
RAZA-OCCUPIED LOS ANGELES: JOBS GO ONLY TO ILLEGALS
As an example, the inspector general offers ICE’s Los Angeles
field office which has flouted federal policy by creating its own private
system of worksite enforcement. During the three-year period considered by the
watchdog the office conducted 147 investigations, with 7% resulting in fines
and 55% in warnings. Even in instances where more than half of a business’s
federal employee verification forms (known as I-9) had “substantive errors” the
federal agents in L.A. only issued warnings instead of fines. One business
mentioned in the report had its fine slashed an astounding 78%, from $4.9
million to a little over $1 million.
politicians partner with Mexico and the Mexican Fascist Party of LA RAZA “The
Race” to loot America and then send the tax bills to the American middle-class
whose jobs LA RAZA owns.
While the Obama Administration halts deportations to work on
its secret amnesty plan, hospitals across the
U.S. are getting stuck with the exorbitant tab of medically treating illegal
immigrants and some are finally demanding compensation from the federal
Mexican Consulates are
headquarters for the MEXICAN FASCIST PARTY of LA RAZA with the agenda of
expanding the Mexican welfares state with cooperation of Barack Obama and the
more at this link – post on your Facebook and email broadcast
CONTACT: Americans for Legal Immigration PAC
(866) 703-0864 / Press@alipac.us
The organizers of a national boycott against Bank of
America, that has been ongoing since February of 2007 in response to BofA's
plan to offer credit cards and mortgages to illegal aliens, has offered to end
the boycott if BofA will end the credit card program.
Over 132,000 Americans have signed the boycott
online petition found at http://www.bankofamericaboycott.com/ to "demand
that all companies and corporations operating within the territory of the USA
cease and desist any financial or political support for illegal aliens"
Bank of America's stock is crashing after reports
indicating the bank is losing billions of dollars.
Bank of America's credit cards for illegal
immigrants plan received national press coverage as did the launch of the Bank
of America Boycott led by Americans for Legal Immigration PAC. American
citizens flooded BofA headquarters in Charlotte, NC with complaint calls, large
numbers closed their accounts with BofA, moved their mortgages to other
companies, and mailed in cut up Bank of America debit and credit cards in
It is a violation of federal law to aid and abet
illegal aliens inside the United States and numerous certified polls show that
over 80% of Americans oppose benefits knowingly offered to illegal aliens.
of America is currently experiencing severe financial woes and we are offering
to publicly drop our boycott efforts if the bank will publicly announce an end
to their program designed to issue credit cards and mortgages to illegal immigrants."
said William Gheen of ALIPAC. "We also want Bank of America to stop
donating to the racist illegal alien supporting organization called the
National Council of La Raza (NCLR) as well."
Each week, thousands of Americans see the website
www.BankofAmericaBoycott.com and the associated information located there. The
website also has a large list of banks that do or do not accept the Matricula
Consular cards that the Mexican government sells to illegal aliens in America.
Bank of America's name remains synonymous with
illegal immigration due to the lasting discussion of this scandal. Talk radio
shows and bloggers across America continue to mention BofA's issuance of credit
and mortgages to illegal aliens, and the resultant backlash from Americans, in
discussions of the bank's current financial crisis.
"Unless Bank of America drops their efforts to
finance illegal immigrants in America, we will continue and strengthen our
boycott efforts." said William Gheen. "Furthermore, we are asking the
over 132,000 people who have signed our online petition to contact the Congress
demanding that no tax resources be used to bail out Bank of America as long as
the bank continues to violate federal law by willfully aiding and abetting
illegal immigrants on US soil."
Americans for Legal Immigration PAC and other
illegal immigration fighting groups in the NIIBC (National Illegal Immigration
Boycott Coalition) hope that Bank of America will do the right thing by ending
these morally repugnant practices and become a good corporate citizen in
America by ending its support for illegal aliens and groups that support
illegals like NCLR.
“Toss into the ugly political salad the mix of
illegal immigration, free trade, high treason, disdain for the Constitution by
US leaders, anti-rule-of-law anarchists groups and members of Congress (i.e.
pro-open borders, pro-illegal immigration groups), and increasing economic
pressures and uncertainties on both sides of the border, the climate is now
ripe for growing a civil war.”
President, Enrique Peña Nieto a LA RAZA SUPREMACIST servant of the Mexican drug
cartels. He probably votes DEM in America's open borders to expand the LA RAZA
welfare state off the backs of gringos (Legals)
LA RAZA-OCCUPATION and LOOTING in MEXIFORNIA…. shocking!
Californians bear an enormous fiscal
burden as a result of an illegal alien population estimated at almost 3 million
residents. The annual expenditure of state and local tax dollars on services
for that population is $25.3 billion. That total amounts to a yearly burden of
about $2,370 for a household headed by a U.S. citizen.
Until the dishonesty
and tactical bluster cease, California is at serious risk of becoming a Third
World entity, and the longer Democrats are in power, the more businesses will
continue to flee the state, the more wealthy taxpayers will relocate and the
more our standard of living will continue to decline.
Americans (Legals) have become a
passive society while Mexico loots and occupies.
Here’s what the Democrat Party and
Mexico have done to CA.
And for others, it
means exemption from even immigration law itself. Take the case of Cinthya
Garcia-Cisneros, part of Obama's Deferred Action for Childhood Arrivals (DACA)
program. After being convicted of two felony hit-and-run deaths in Oregon, she
received probation. The government then dropped its immigration action against
her. She's now free and eligible for both a work permit and a Social Security
instead of getting serious about border security, the Obama administration
views the ongoing invasion by gang members, criminals, and other illegal
immigrants from Central America as an opportunity to dynamite what remains of
the nation’s southern border. He doesn’t care that plenty of illegal aliens,
many of them children, are dying in the act of crossing the border. They are
mere collateral damage in the pursuit of so-called justice."
HISPANDERING OBAMA CRAWLS UP LA RAZA’S ARSE TO FIND NEW DEM
VOTERS… not a word on BLACK AMERICA vs the MEXICAN INVADERS