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Article #1993Re: Of Mortgages for Illegal Aliens, "Liar's Loans" and the Coming Housing Bubble Bloodbath
From: Rick Mave
Date: Tue, 16 Jan 2007 17:37
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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X-Google-Thread: fd5f7,61e525378f86b094 X-Google-Thread: f6c48,61e525378f86b094 X-Google-Thread: 1141a2,61e525378f86b094 X-Google-Thread: 10a942,61e525378f86b094 X-Google-Thread: fca2b,61e525378f86b094 X-Google-Attributes: gidfd5f7,gidf6c48,gid1141a2,gid10a942,gidfca2b,public X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news2.google.com!postnews.google.com!m58g2000cwm.googlegroups.com!not-for-mail 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 Organization: http://groups.google.com Lines: 166 Message-ID: <1168969032.227142.219910@m58g2000cwm.googlegroups.com> References: <1168942141.899659.243240@51g2000cwl.googlegroups.com> <1168951067.979642.97250@51g2000cwl.googlegroups.com> NNTP-Posting-Host: 207.69.137.201 Mime-Version: 1.0 Content-Type: text/plain; charset="us-ascii" X-Trace: posting.google.com 1168969050 2009 127.0.0.1 (16 Jan 2007 17:37:30 GMT) X-Complaints-To: groups-abuse@google.com NNTP-Posting-Date: Tue, 16 Jan 2007 17:37:30 +0000 (UTC) In-Reply-To: <1168951067.979642.97250@51g2000cwl.googlegroups.com> User-Agent: G2/1.0 X-HTTP-UserAgent: Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1),gzip(gfe),gzip(gfe) Complaints-To: groups-abuse@google.com Injection-Info: m58g2000cwm.googlegroups.com; posting-host=207.69.137.201; posting-account=LA3grg0AAADavA4Es9UbIXt5RHDuRhKG