[Brizick]

I want to know how much of this ‘sub-prime credit scare’ and the Dow tanking has to do with bad loans to illegals.

[AmericanInTokyo]

EXCELLENT POINT!!!

[LNewman]

See Street of Broken Dreams ... an article which appeared in this past Sunday's Orange County Register (CA) regarding a street in Santa Ana ... otherwise known as "Mexico el norte."

Excerpts:

"A year ago, Angelita Medina Albarran, 47, a garment worker at St. John Knits, took out two loans from Fremont Investment & Loan to cover the entire $600,000 purchase price for 919 W. Camile St., a 1,450-square-foot bungalow. Her five grown children help pay the mortgage – $4,000 a month and scheduled to rise in May.

"La droga," Medina Albarran said. That's Spanish for "drug" – Mexican slang for a crippling debt. The people of West Camile Street, she said, are "endrogados" – hooked on debt.

AND

"Another bank repo is the 1922 Craftsman-style bungalow advertised as a two-bedroom, one-bath at 946 W. Camile St. It still has the original hardwood floors, built-in cabinets and a faux fireplace surrounded by green tiles. But the last owner added four bedrooms and two toilets without permits in an effort to pack in more tenants to help pay the mortgage."

I.E., We don't need no stenkin' laws, city planning, or housing code!

[stephenjohnbanker]

“I want to know how much of this ‘sub-prime credit scare’ and the Dow tanking has to do with bad loans to illegals”

Plenty!

[Niteflyr]

I want to know how much of this ‘sub-prime credit scare’ and the Dow tanking has to do with bad loans to illegals.

I'll bet it has EVERYTHING to do with it...