Free Republic

A single report by KFYI radio of Phoenix, Arizona highlights a shocking claim made by the Department of Housing and Urban Development (HUD). HUD says that five million illegal aliens hold illegal mortgages. This is just one more example of the lax lending laws put into place by Democrats like Barney Frank that have contributed to this economic crisis. One would think this would be big news. But, so far we have only this one report to cover it. There have been earlier stories of home flipping schemes that made liberal use of illegal aliens as straw buyers and the...

One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt. Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development. It's not known how many of those have contributed to the subprime housing mortgage meltdown, but it has affected every state, including Arizona. The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification. As a result, illegal immigrants...

Dear Freepers We are going to win the Presidency this November. Do not be fooled by the biased media polls because they have done the same thing in 2004 and 2000 but neither Gore nor Kerry became Presidents. We are going to win because at the end a defeatist, a socialist, and a left wing liberal like Barack Obama will not be elected President. We are going to win because at the end Barack Obama who voted to cut the funding for our brave troops in the battlefield, who voted against the surge, who voted against victory, and who voted...

GREENVILLE, S.C. -- Just back from Washington, D.C., South Carolina Sen. Lindsey Graham painted a very bleak picture of what he expects for the country if the bailout plan fails. Graham spoke in front of a foreclosed home on Avondale Drive in Greenville. He said if the plan doesn't pass soon, more banks will fold. Businesses will close and people will lose their jobs. As least twice he mentioned that the economy could be headed for a depression.

Republican presidential candidate John McCain had sharp words for Congress, it the wake of the defeat of the financial system rescue plan. "They wiped out $1.2 trillion today," the Arizona Senator told KARE 11, "Congress's failure to act today is not acceptable." Despite pleas from President Bush and Treasury Secretary Henry Paulson, lawmakers rejected the bailout bill by a vote of 228-205. By the time the New York Stock Exchange closed, the Dow Industrial average had plummeted 777 points. Answering questions via satellite from Des Moines, Iowa McCain chided those from both sides of the aisle who opposed the plan....

WASHINGTON -(Dow Jones)- Sen. John McCain, R-Ariz., in an important shift, said on Friday he backs a plan for the federal government to provide low- interest loans to struggling U.S. auto makers. The presumptive Republican presidential nominee said the loans are needed to help auto makers build the next generation of cars and become financially stable. "Our auto companies are rising to the challenge of building the next generation of American cars, but are doing so in times when credit conditions cripple the funding for the facilities and technologies to take the steps to the future," McCain said in a...

WASHINGTON -- The housing and financial crisis convulsing the U.S. is powering a new wave of government regulation of business and the economy. Federal and state governments alike are increasingly hands-on in their effort to deal with failing businesses, plunging house prices, worthless mortgages and soaring energy prices. The steps add up to a major challenge to the movement toward deregulation that has defined American governance for much of the past quarter-century since the "Reagan Revolution" of the early 1980s. ... The U.S. has swung back and forth from a hands-on to hands-off regulatory approach over the past 230 years....