Remember: USA's housing bust = DEEPLY AND DIRECTLY linked to illegal aliens
GWashingtonFan
by William Campenni
10/05/2009
http://www.humanevents.com/article.php?id=33821
Excerpt:
"It doesn�t take the research resources of the Federal Reserve or
Fannie Mae or the Wall Street Journal to discover this linkage of the
subprime mortgages to the illegal alien customer base. A few hours on
Google will bring it out with startling clarity. The distribution of
subprimes going into foreclosure in the 2005-2007 period that commenced
the current collapse closely matches the concentrations of illegal
aliens -- Southern and Central Valley of California, Nevada, Texas, the
southwest border states, North Carolina, Georgia, and Florida, and
metro areas like Denver, Chicago, and Cleveland, and the Washington
suburbs. The matches correlate to the ZIP code, or even more
accurately, to the neighborhood.
"To glimpse just an overview of this illegal alien/subprime
correlation, one can go to two websites; one that provides maps of the
subprime foreclosures (www.realtytrac.com), and another that reveals
the concentration of illegal alien populations (pewhispanic.org). After
2008, the spread of the housing collapse fanned out into other
neighborhoods as the effects of the collapse and the following
recession spread beyond the illegal alien concentrations. But these
later upscale neighborhood foreclosures are effects, not causes. They
flow from the collapsing economy precipitated by the failed subprimes
to illegals.
"For further validation, investigation would show that many of these
failed mortgages were granted to unsophisticated buyers with no Social
Security number, or a stolen number, or more commonly in recent years,
an Individual Taxpayer Identification Number (ITIN). Who is that
group? Not blacks. Not boomers. Not even speculators. They have valid
SS numbers. Who's left? You figure. There are reliable data that in
the Southern California market alone 40% of the loans went to
historically unqualified illegal aliens or the citizen landlords
running illegal alien crash pads. A study at the start (2004) of the
subprime lending fiasco by the Greenlining Institute in California
backs up this finding. It is reinforced by other studies, including a
2007 analysis by the Center for Responsible Lending. Even in the
shadow of the Capitol dome, the foreclosed homes are compacted in the
neighborhoods where illegal aliens settled.
"The actual percentages are probably much higher, because the
fraudulent paperwork that facilitated many of these �liar loans� hides
the illegal status of the borrowers and does not address the status of
the renters ..."
Collection of columns by Michelle Malkin on the direct link beteween
illegal aliens and the the housing foreclosure epidemic
http://michellemalkin.com/?s=mortgage+illegal+immigration
Illegal Aliens, Amnesty and the Housing Crisis
http://www.englishfirstfoundation.org/pdf/illegals_mortgage_brief.pdf
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
What Would America's Founders Say?
The two enemies of the people are criminals
and government, so let us tie the second down
with the chains of the Constitution so the
second will not become the legalized version
of the first.
-- Thomas Jefferson
Those who hammer their guns into plows will
plow for those who do not.
--Thomas Jefferson
It does not take a majority to prevail ... but
rather an irate, tireless minority, keen on
setting brushfires of freedom in the minds of
men.
--Samuel Adams
The strongest reason for the people to retain
the right to keep and bear arms is, as a last
resort, to protect themselves against tyranny
in government.
-- Thomas Jefferson
A free people ought not only to be armed and
disciplined, but they should have sufficient
arms and ammunition to maintain a status of
independence from any who might attempt to
abuse them, which would include their own
government."
-- George Washington
No free man shall ever be debarred the use of arms.
-- Thomas Jefferson
If the freedom of speech is taken away then
dumb and silent we may be led, like sheep, to
the slaughter.
-- George Washington
When governments fear the people there is liberty.
When the people fear the government there is tyranny.
-- Thomas Jefferson
Oppressors can tyrannize only when they achieve a
standing army, an enslaved press, and a disarmed
populace.
-- James Madison
If the representatives of the people betray
their constituents, there is then no resource
left but in the exertion of that original
right of self-defense which is paramount to
all positive forms of government ... The
citizens must rush tumultuously to arms,
without concert, without system, without
resource; except in their courage and despair
... The natural strength of the people in a
large community, in proportion to the artificial
strength of the government, is greater than in a
small ... the people, without exaggeration, may
be said to be entirely the masters of their own fate.
-- Alexander Hamilton
All tyranny needs to gain a foothold is for people
of good conscience to remain silent.
-- Thomas Jefferson
Every government degenerates when trusted to the
rulers of the people alone. The people themselves
are its only safe depositories.
-- Thomas Jefferson
As our enemies have found we can reason like men,
so now let us show them we can fight like men also.
-- Thomas Jefferson
Do you want to know who you are? Don't ask. Act!
Action will delineate and define you.
-- Thomas Jefferson
Merchants have no country. The mere spot they
stand on does not constitute so strong an
attachment as that from which they draw their gains.
-- Thomas Jefferson
I hope we shall crush in its birth the aristocracy
of our monied corporations which dare already to
challenge our government to a trial by strength,
and bid defiance to the laws of our country.
-- Thomas Jefferson
I believe that banking institutions are more
dangerous to our liberties than standing armies.
-- Thomas Jefferson
Experience hath shewn, that even under the best
forms of government those entrusted with power
have, in time, and by slow operations, perverted
it into tyranny.
-- Thomas Jefferson
A Founding Father speaks out on
what's nowadays called "political correctness":
A Founding Father speaks out on what's nowadays
called "political correctness":
Do not suffer yourselves to be wheeled out of
your liberty to publish by any pretenses of
politeness, delicacy or decency. These, as they
are so often used, are but three different names
for hypocrisy, chicanery and cowardice.
--John Adams
--