Rush shocked me with something I didn’t know.
Five Million Illegal Aliens get Fraudulent Loans?
Here’s what a google link yields:
http://www.google.com/search?hl=en&as_q=house+loans+bailout&as_epq=illegal+aliens&as_oq=%
22five+million%22+%225+million%
22&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr
=&as_nlo=&as_nhi=&safe=images
Near top of the list, Newsbusters:
headline: Calling the Old Media: Five Million Illegals Have Illegal Mortgages in U.S.A.!
http://newsbusters.org/blogs/warner-todd-huston/2008/10/09/calling-old-media-five-million
-illegals-have-illegal-mortgages-u
Here are some snippets:
” ... 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. ...”
” ... It’s not known how many of those have contributed to the subprime housing mortgage
meltdown, but it has affected every state, including Arizona. ...”
One FR related link in which HUD denies the charge:
HUD cries foul over illegal immigrant mortgage data
http://www.freerepublic.com/focus/f-news/2101844/posts
Oldexpat posted: Whether it is 1m or 5m is irrelevant. No bank should have been giving mortgages to someone who could be deported any day. Makes no sense. All I know is we have a friend foreclosing on almost one house a day in Orange Co. CA.
Urg ... fixing google link:
Here’s what a google link yields: