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To: RSmithOpt
It's still smoke and mirrors during the old dog and pony show from the feds w/ respect tho illegal immigration.

Many of us saw it coming. Many in high places (Washington and Wall Street, for example) had their heads in the sand or up their derrieres.

==

July 18, 2005
BusinessWeek

Embracing Illegals
Companies are getting hooked on the buying power of 11 million undocumented immigrants

http://www.businessweek.com/magazine/content/05_29/b3943001_mz001.htm

“The result is a hot new market in the making. With hundreds of thousands of illegal alien households earning enough to qualify for $95,000 mortgages, according to the National Association of Hispanic Real Estate Professionals, ITIN and conventional mortgages taken out by illegals could be worth as much as $60 billion over the next five years. That's pushing big banks such as JPMorgan Chase & Co. (JPM ) to examine the market and upping pressure on mortgage buyers Fannie Mae (FNM ) and Freddie Mac (FRE ) to create a secondary market for ITIN loans.”

[Note: This was 2005 data.]

47 posted on 10/08/2008 6:54:57 AM PDT by TomGuy
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To: TomGuy
Corporate America and government got hooked on the illegal alien drug. It didn't take a rocket scientist in 2003 to figure it out.

This is what the LSM and government will not address to the public.

A retail / service sector (all consumption) economy is so strong.....my rear.

66 posted on 10/08/2008 9:14:17 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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