Somebody earlier, probably a Bushbot, on this here thread, I believe bad-mouthed that Illegal Aliens were mentioned in the context of SubPrime Loan Fiasco, and yet, here I am in Tokyo, watching one of the most respected evening business shows, called "World Busines Satellite" on TV Tokyo Channel 12 (broadcast nationwide) a week or two ago, and they have a Japanese camera crew and a Japanese female reporter do a segment from the USA on Subprime Loans. The angle they report is from is an apparant illegal alien family taking such a loan, and yet they could not only read the loan documents in English, the father of the family held the interview with the Japanese IN SPANISH through a Spanish interpreter, and threatened on camera to sue the mortgage company for "fooling me". The Japanese anchorwoman and assistants on camera just shook their heads. It was a good view of a typical sub prime family in the USA, and sorry folks, it was no doubt an illegal alien family from Mexico, one of hundreds of thousands, not vetted and going through Hispanic loan agencies that are now going under one after the other.
I have seen a few instances of illegals doing subprime loans here in MD.
However, in Middle America, where many of the foreclosures are happening, it’s not the case. I worked in mortgage lending for 7 years in Ohio. I didn’t do that many subprime loans and never really did, but I do have access to a lot of foreclosure data.
I looked through every foreclosure filing in Summit County, Ohio and maybe 1 in 100 had a Hispanic surname. As most illegals are in fact of Hispanic origin, that suggests that on a national level, only a minority at worst of mortgage defaults are Hispanic immigrants and probably a minority of those are illegal.
I use Ohio as it’s near the top of the list for foreclosures this year.
They get upset whenever illegal aliens are mentioned - since the aliens expose Bush for what he is and what his politically correct, bleeding heart image is for our formerly great country.
Well, I think I’ll have to move to Japan to get the news from now on. Amazing what they just won’t cover over here.