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Obama bails out Illegal Immigrants

Discussion in 'U.S. Politics' started by asur, Mar 2, 2009.

  1. asur

    asur New Member

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    Who says Obama doesn't like hispanics?

    Some to receive bailouts will
    be illegal immigrants that bought houses and have had problems with
    paying their mortgages.

    It’s no coincidence that most of the areas hardest hit by the foreclosure wave — Loudoun County, Va., California’s Inland Empire, Stockton and San Joaquin Valley, and Las Vegas and Phoenix, for starters — also happen to be some of the nation’s largest illegal-alien sanctuaries. Half of the mortgages to Hispanics are subprime (the accursed species of loan to borrowers with the shadiest credit histories). A quarter of all those subprime loans are in default and foreclosure.

    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.

    The Obama administraion feels all illegals have a right to
    have a free home in the USA. however.
     
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