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Article #1993

Re: Of Mortgages for Illegal Aliens, "Liar's Loans" and the Coming Housing Bubble Bloodbath

#1993
From: Rick Mave
Date: Tue, 16 Jan 2007 17:37
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tedorn44@hotmail.com wrote:
> GeorgeWashingtonAdmirer@adelphia.com wrote:
> > While reading the folowing excerpt from a new essay entitled "Housing
> > Bubble Bloodbath" on the U.S. housing bubble, bear in mind that
> > virtually EVERY mortgage loan given to millions of illegal aliens who
> > bought homes when the bubble was expanding -- some of which were
> > provided to the illegals via Fannie Mae, which is now itself in deep
> > financial trouble (do I hear feint cries of "BAILOUT! BAILOUT!
> > BAILOUT!" in the distance? ... Hey, it worked for Neil Bush and his
> > Silverado Savings and Loan's Ponzi scheme!) -- is, of sheer necessity,
> > *precisely* the kind of "Liar's Loan" cited below millions of which now
> > stand before Truth with much the same result that ensues when Dracula
> > stands before a Cross.
> >
> >    As stated above, these mortages-for-illegal-aliens were of necessity
> > "Liar's Loans" because NO ONE, NOT THE POLICE, NOT THE
> > LOCAL/STATE/FEDERAL GOVERNMENT, AND CERTAINLY NOT THE MORTGAGE
> > COMPANIES HAD/HAS ANY IDEA OF THE ILLEGAL ALIENS' TRUE INCOMES.
> >
> >   This is why, for example, millions upon millions of illiterate,
> > non-Engliah-speaking illegal alien Mexican peasant women drive their
> > anchor babies off at U.S. public schools daily in the most humongous,
> > most expensive, gaz-guzzling behemoths sold (Cadillac Escalades and
> > Hummers seem to be giving competition to the illegals' traditional
> > favorite, the SUV-on-steroids Chevy Suburban, for the title "Illegal
> > Aliens' Favorite Vehicles," at least in California.)
> >
> >   Once out of the vehicles the anchor babies make a beeline to the
> > school's cafeteria, whereupon they're provided the first of the 2/3 of
> > that day's meals which are completely "free," courtesy of the taxpayer.
> > It's been proven that the nutritional value of these free meals
> > provides the anchor babies with more than enough energy to lower U.S.
> > flags from public school flagpoles, stomp them, replace them with
> > Mexican flags and even follow all that up with an afternoon hijacking
> > the local area's streets to wave still more Mexican flags.
> >
> >    Yes indeed, the same illegal alien parents who claimed (and who's to
> > prove otherwise?) that the family's total income is something along the
> > lines of $31.45/week, but which can nonetheless afford to buy $60,000+
> > new vehicles (typically driven sans license, insurance, driver training
> > or registration, but that's another issue I'll not get into here), ship
> > $500 a month out of the USA and into Mexico/Central America and buy all
> > the latest video game systems (and dozens of their corresponding game
> > cartridges at $25 a pop) etcetera can easily pool the wool over
> > clueless Uncle Gringo's, er, Uncle Sam's eyes and brazenly plead
> > poverty when it comes to feeding its kids and as a result be freed of a
> > significant child-rearing expense. (Gee, is it just me or did Jesus
> > Christ Himself actually warn his followers to beware of being "easy
> > marks" for cunning schemers and manipulators or, in the vernacular of
> > my native New York City, "shmucks" when He cautioned, "Be wise as
> > serpents!")
> >
> >   On the other hand, of course, there's no way that the U.S.-citizen
> > parents of the anchor babies' peers can get away with the same scam --
> > unless they wish to be prosecuted for fraud and imprisoned -- since
> > virtually EVERYTHING about *them* is documented, documented,
> > documented.  In fact, the "Application for Free or Reduced Lunch" will
> > proclaim, in bold print, that the submitted forms are "spot-checked"
> > and that any lying on the application can result in severe criminal
> > penalties. The thing is, and as mentioned above, NO ONE BUT NO ONE
> > EXCEPT THE ILLEGAL ALIENS THEMSELVES KNOW THEIR TRUE INCOMES; thus,
> > trying to prosecute the millions of illegal aliens who lie as amatter
> > of course on such government forms would be futile. But charging
> > U.S.-citizen parents for lying on the same forms which illegals so
> > habitually lie on is a savory prospect indeed for any opportunistic
> > prosecutor who wants some publicity showing how he/she is adopting a
> > "get tough" demeanor with fraudsters.
> >
> >   Should anyone reading this be so uninformed as to be skeptical of
> > what's written above I strongly encourage them to take a few morning or
> > afternoon walks this week in the vicinity of the public schools closest
> > to their homes, and to just open their eyes. Then talk to the American
> > parents of school-age children and hear it all "from the horse's
> > mouth." Finally, call the central office of the public school system in
> > your area and request an "Application for Free or Reduced Lunch" --
> > it's actually a form of the federal government) and read it yourself!
> > -----------------------------------------------------------------------------------------------
> > Housing Bubble Bloodbath
> >
> > by Mike Whitney
> > 14 January 2007
> >
> > Excerpt:
> >
> >               In 2006 the Mortgage Brokers Association
> >               for Responsible Lending (MBARL) said that
> >               "Liar's Loans" (those based on what you TELL
> >               the bank you are earning, rather than what you
> >               are REALLY earning) "shot up to an estimated
> >               62% of mortgage originations...A recent sampling
> >               of 100 stated income loans by an auditing firm in
> >               Virginia (based on IRS records) found that 90% of
> >               the income statements were exaggerated by 5% or
> >               more, WHILE ALMOST 60% OF THE STATED
> >               AMOUNTS WERE EXAGGERATED BY MORE
> >               THAN 50%"!?! (Dan Dorfman New York Sun)
> >
> >               Are you kidding me? A majority of loan applicants
> >               are grossly exaggerating their income and the banks
> >               are handing out hundreds of thousands of dollars
> >               WITHOUT EVEN CROSS-CHECKING IRS
> >               STATEMENTS?
> >
> > http://www.atlanticfreepress.com/index.phpoption=com_content&task=view&id=677&Itemid=81
> > _________________________________________________
> > PLEASE EMAIL THESE LINKS TO EVERYONE YOU KNOW:
> > www.PredatoryAliens.com
> > www.ImmigrationsHumanCost.org
> > www.DayLaborers.org
> > www.alipac.us
> >
> > "The Illegal-Alien Crime Wave" by Heather MacDonald
> > www.City-Journal.org/html/14_1_the_illegal_alien.html
> >
> > See the COLO$$AL CO$T$ of illegal aliens to the American taxpayer:
> > www.ImmigrationCounters.com
> >
> > www.AmericanPatrol.com
> > www.SaveOurState.org
> > www.EscapingJustice.com
> > www.steinreport.com
> >
> > Just two of MANY American cops murdered by illegals:
> > www.DeputyDavidMarch.com
> > www.KrisEggle.org
> >       "The federal issue of border security quickly becomes
> >        a local one when feds refuse to enforce the law. Local
> >        law enforcement agencies in Everytown, USA are
> >        forced to respond."
> >       -- Tom Fitton, Judicial Watch www.JudicialWatch.org
> >
> >    "Unfortunately, the majority of illegal aliens who are here are
> > engaged in criminal activity. Identity theft, use of fraudulent Social
> > Security numbers and green cards, tax evasion, driving without licenses
> > represent some of the crimes that are engaged in by the majority of
> > illegal aliens on a daily basis merely to maintain and hide their
> > illegal status. In addition, violent crime and drug distribution and
> > possession is also prevalent among illegal aliens. Over 25% of today's
> > federal prison population are illegal aliens. In some areas of the
> > country, 12% of felonies, 25% of burglaries and 34% of thefts are
> > committed by illegal aliens."
> >
> >   -- Testimony of District Attorney John M. Morganelli before the House
> > Subcommittee on Immigration, Border, Security and Claims [Note: 99% of
> > warrants for murder in Los Angeles, California -- the USA's 2nd
> > most-populous city -- are for illegal aliens]
> >
> >   "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 demand by sleazebag business interests for cheap labor has created
> an economic ponzi scheme. Keep adding these worthless immigrants until
> all hell breaks loose.
>
> ted
>
> http://www.minutemanproject.com/  Minuteman Project
=============
 Time for civil war again ? I think it is !

 You can only squeeze so much out of an .08 cent dollar bill, to
support illegals  !!
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From: "Rick Mave" <MyMailB@gmail.com>
Newsgroups: sci.econ,misc.consumers.frugal-living,alt.politics,alt.california,az.politics
Subject: Re: Of Mortgages for Illegal Aliens, "Liar's Loans" and the Coming Housing Bubble Bloodbath
Date: 16 Jan 2007 09:37:12 -0800
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