<><> According to the Federal Financial Institutions Examination Council, financial schemes by low-income housing groups, Hispanic lawmakers on Capitol Hill, included a Congressional Hispanic Caucus housing initiative.
<><> these entities colluded together in fraudulent schemes to increase homeownership among Latinos using falsified applications, and other fraudulent tricks of the trade.
The subprime mortgage bank fraud network was spearheaded by then-Cong Joe Baca (Dem-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.
Cong 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. Conspiract and collusion was Hogar's MO... as the Congressuial Hispanic caucus zipped its lips about its role in financing and forwarding the debacle.
The nefarious parasitic La Raza aided and abetted risky federal and private-home loans to latinos over the last decade thanks to the lending industry’s version of “don’t ask, don’t tell.” Even more egregious, the America-hating race-based parasite was given tax dollars and Congressionsl earmarks to finance its phone mortgage activities.
Stupid La Raza's "strategic partnerships” with Wachovia and Bank of America forced on banks the fraudulent mortgage-application requirements and documentation standards which resulted in billion dollar bailouts.
These ignorant subprime activities were not simply the mortgage market at work. They were fueled by avarice, greed, stupidity--all enabled by Hispanic Congressmen and other groups which leave a trail at the door of then-Cong Joe Baca (Dem-Cali).
Between 2000 and 2009, Hispanic populations increased; but Hispanic home ownership grew even faster, increasing by 47%, to 6.1 million from 4.1 million, according to the US Census Bureau. Over that same period, homeownership nationally grew by an enemic 8%. In 2005 alone, mortgages to Hispanics jumped by 29%; Latinos with multiple fraudulent identities in low-paying jobs obtained costly non-prime mortgages---soaring to a shocking 169%, (Research provided by Wall Street Journal)
In addition to millions of federal tax dollars, La Raza also collected a $1 million Democratic earmark that funded “community-development” projects for stupid border jumpers. La Raza was supposedly engaged in "mortgage counseling"
(waiting for hysterical laughter to die down)
The “community organizer” certainly has organized a huge bunch of crooks, has he not?