Posted on 08/03/2005 6:10:52 AM PDT by jackbenimble
Well, there is always my son's solution: "burning river of gas."
It's not just Bush bashers who are upset. I've been a consistent supporter of Bush but I am seeing that support eroding.
I am tired of Spanish signs in Home Depot. I'm tired of trying to find someone to speak English in my Bank of America branch, I'm tired of paying for medical care for illegals when my own medical insurance costs so much. I'm tired of illegals who have no loyalty to our country and refuse to learn English. I am tired of illegals who want to sue us to get free tuition at our colleges.
I do collection work for small businesses and am amazed at how foolish people are in giving credit to illegal aliens.
So be it..sticks and stones..LOL.
sw
They collect from us. You know, we may as well just open the freakin boarder and name Mexico and the 51st state. This is a joke.
"Mortgages for Illegal Aliens Encouraged by FDIC"
that seems to answer your question: the taxpayers would foot the bill.
As my dad who worked in the auto industry for over 30 years told me: "ALL car dealers are slime."
As a free marketeer, I see no problem with this. Home Depot is a private business who can market to whoever they wish in whatever language they want.
Name a country abroad that isn't electing Socialists on a regular basis. Australia and Singapore are two I can think of off the top of my head. There are also Japan and Taiwan...
I don't know that immigrants are high risk or, if so, whether any increased risks are offset by increased collateral, fees, interest rates, etc...
In any event that's a matter for the banks' stockholders to decide as long as the banks are operating within the parameters of federal/state regulations and FDIC rules.
I certainly don't have as dog in that fight.
If your bank is a national one, I want to do business with them.
Any bank walking the line is OK by me.
Illegal Aliens are nothing but a high risk due to their fears of ever-imminent deportation.
And as long as you file a 1040, you run the risk of paying for their default through such things as the RTC.
I work for a community bank that is part of a group of affiliates in and around Maryland. I am afraid we do not quite reach California :-(
Our holding company has a very traditional business model and none of the banks in the affiliation are willing to take any kind of excessive risk, be it lending to questionable customers, speculative building projects or whatever. Just a little group of old-fashioned banks that want to give our customers great service at a fair price.
Seems that the big banks are the ones pushing the edge. Actually, they've gone well over it, and are clearly breaking entire volumes of laws.
It's interesting that they feel comfy doing that. Their existence is a matter of law; their collateralization is a function of American property laws.
Extremely interesting that they obey one set of laws when it benefits them, and not another set, because it constrains them. There's a word for people like that: "criminals".
I think you have seen enough of my posts to know that I am adamantly against illegal immigration. Further I'd like to see these bankers prosecuted for aiding and abetting the illegals.
That said, my wife is a banker and I know that it is possible to make a low risk loan to a high risk customer. The key is a high enough down payment and satisfactory collateral in sufficient amount to cover the loan if the customer defaults (or gets deported). If the bank can foreclose and sell the property for enough to cover the debt then their risk is low.
All of this according to the Bush's plan for screwing middle America - until we get real conservatives in office we can kiss our freedoms goodbye.
Okay...so one of the factors in this situation, one not being reported on, is whether or not the banks are protecting themselves in the case of default.
BTTT
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