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To: Cultural Jihad; FlyVet; ShuShu
"If someone wants to loan money to another; it's none of my business."

CJ, these criminal mortgage lenders are lending money to unqualified, criminal, illegal aliens and illegally backing these loans with U.S. Taxpayer's dollars under the FHA/VA and HUD programs.

Their criminal activity has put us in jeopardy of yet another costly U.S. Taxpayer bail-out of another thoroughly defrauded federal program.

IMO, this is why this illegal money lending activity is all of our business, CJ. It negatively affects all of us, now and future generations to come.

49 posted on 08/30/2003 5:14:17 AM PDT by 4Freedom (America is no longer the 'Land of Opportunity', it's the 'Land of Illegal Alien Opportunists'!!!)
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To: 4Freedom
The risk to the taxpayer is much more complex than that. Like almost any home-loan, the principal, and in many places the only protection against default is repossession and resale, which in a well-structured loan will result in no loss to the taxpayer. If FHA loan guarantees are being provided on loans structered so that there is inadquate protection for the lender or the taxpayer then that is a more serious matter that needs investigating.
50 posted on 08/30/2003 5:56:30 AM PDT by AndyJackson
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To: 4Freedom

True, they may have committed misdemeanors by entering the country without an administrative visa. I think I parked in a handicapped space the other day, too. It's hardly the sort of thing to froth over, though.

56 posted on 08/30/2003 6:40:36 AM PDT by Cultural Jihad
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