Ace WNBC-TV newsman Jonathan Dienst needs to determine what role then-Cong Menendez played in the massive mortgage fraud perpetrated by the Congressional Hispanic Caucus.
MORTGAGE MELTDOWN---US TAXPAYERS GET SOCKED A 2009 Wall Street Journal investigative report WRT the subprime mortgage borrowing spree that wreaked havoc on the US economy revealed Federal Financial Institutions Examination Council discoveries:
<><> massive collusion and financial schemes,
<><> low-income housing groups, Hispanic lawmakers on Capitol Hill, including a congressional Hispanic housing initiative, subprime mortgage lenders and brokers, were in collusion,
<><> schemes included outright fraud, falsified applications, and other tricks of the trade, to meter out mtges to unqualified illegals.
The massive mortgage fraud ended in disaster; struggling taxpayers got saddled with billions of dollars in bailout bills. None of the perps were nabbed.
These subprime activities were not simply the mortgage market at work. They were fueled by avarice, greed, stupidity--all enabled by Congressmen and other groups which leave a trail at the door of then-Cong Joe Baca (D-Cali).
In 2005 alone, mortgages to Hispanics jumped by 29%; low-salaried illegals using multiple fraudulent identities obtained costly non-prime mortgages---soaring to a shocking 169%. (Research provided by Wall Street Journal)
The subprime mortgage bank fraud network was spearheaded by then-Cong Joe Baca (D-Calif 43rd), in his powerful position as chairman of the Congressional Hispanic Caucus. Baca's district ranks No.5 among all US Congressional districts in percentage of home loans tailored to sub-prime borrowers.
Baca used his the legislative power of his office and his leadership position in the Congressional Hispanic Caucus to calculatedly launch a housing initiative called "HOGAR"-- Spanish for home.
Yet individual latino legislators and the Congressuial Hispanic Caucus have clammed-up about their roles in the debacle.
More egregiously, the Congressional Hispanic Caucus used tax dollars to finance, and, earmark the blood-thirsty America-hating La Raza. Racial separatist "La Raza" was given tax dollars and
La Raza's "strategic partnerships” with Wachovia and Bank of America forced the fraudulent mortgage-application requirements and documentation standards.......which decimated the US economy and forced taxpayers to shoulder billions in bailout.
The racialist La Raza aided and abetted risky federal and private-home loans to over the last decade---forcing the lending industry to adopt “don’t ask, don’t tell” lending policies.
In addition to millions of federal tax dollars, La Raza also collected a $1 million Democratic earmark that funded “community-development” projects. Analysts report that much of it went to "mortgage counseling."
Dr Melgen, a Florida eye-doctor, (under investigation for govt fraud) paid $30,400 for the privilege of co-hosting a 2009 fundraiser for Democrats' DSCC committee......then-headed by Sen Menendez.
POLITICO revealed that Dr Melgen assiduously courted President Barack Obama and Senate Majority Leader Harry Reid but that Melgen was unhappy with the return on his donation "investments" to these individuals.
After meeting briefly with Obama at a 2010 fundraiser that Dr Melgen paid $30,400 to co-host, the eye doctor complained that “Obama didn’t even give him the time of day,” according to a source who travels in the same Miami political circles as Melgen.
The source said Melgen also expressed frustration that he couldn’t take his concerns about his questionable Medicare billing practices directly to Obama’s HHS Secy, Kathleen Sebelius.
“He was ranting about HHS and Sebelius not understanding and not wanting to listen to him and not giving him a hearing,” said the source, who did not want to be identified WRT revealing the contents of private conversations.
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MENENDEZ IS OBAMA'S POINT MAN FOR AMNESTY
THE PROTECTION RACKET BEGINS HERE The Senate
Immigration "Reform" Bill Protects Crooked Latino
Public Officials in US positions from prosecution for
wrongdoing in elective and appointive office.
DC Gala--Ntl Assoc of Latino Elected and Appointed Officials
L-R--Sen. Robert Menendez (D-NJ);
Dr Salomon Melgen, VOXXI Chman (now under investigation);
Rep Nancy Pelosi (D-CAL); San Francisco
J. Sanchez, US Under Secy of Commerce for Intl Trade,
Emilio Sanchez, Pres/CEO of VOXXI.
(Photo/Voxxi---Melgen's ethnic solidarity web site)