Sorry OldBill you are wrong.
The scenario you laid out is a lie. You shouldn’t be so gullible as to believe that kind of bunk.
Sub-prime mortages are failing because first time buyers took on home loans that they were not qualified for.
They a-greed to obligations they could not meet.
There is no great batch of sub-prime borrowers that are
dependent on illegals to make their payment.
Sorry Biscuit Jane, but you are wrong. You must be a realtor.
The distribution of subprime foreclosures maps directly nationwide to the concentration of illegals, almost to the zipcode. These were the largest grouping to whom subprimes were issed in the last 2-3 years, about 50%, and they were the ones most likely to default. And did.
The MSM and the Wall St Journal and the politicians want you to think it was greedy boomers or speculators because they don’t want this effect of the illegal invasion discovered and interfering with their open border/amnesty agenda.
Looks like their propaganda fooled you, too.