US mortgage crisis forces homeowners to take refuge in their cars
27 March 2007, 02:42
I notice that one HUGE factor driving this collapse in the housing market is NOT mentioned in this article. The fact that vast numbers of these so-called subprime home loans are to illegal aliens who can’t pay on the mortgages anymore. So they solve that problem the same way they solve every other problem they have. They split and abandon the property. Thing is, the corrupt lending institutions who commited these crimes(lending to felons) don’t take the hit, we, meaning the US economy, do. As per fucking usual.
You’ll notice that this story is about LA. The town where they encourage illegal aliens, roll out every red carpet you can think of for illegal aliens, and where most of the population is composed largely of the human flotsam from Mexico. I say let ’em stew in their own stupidity.
I notice that one HUGE factor driving this collapse in the housing market is NOT mentioned in this article. The fact that vast numbers of these so-called subprime home loans are to illegal aliens who can’t pay on the mortgages anymore. So they solve that problem the same way they solve every other problem they have. They split and abandon the property. Thing is, the corrupt lending institutions who commited these crimes(lending to felons) don’t take the hit, we, meaning the US economy, do. As per fucking usual.
You’ll notice that this story is about LA. The town where they encourage illegal aliens, roll out every red carpet you can think of for illegal aliens, and where most of the population is composed largely of the human flotsam from Mexico. I say let ’em stew in their own stupidity.