Drixnot http://news.yahoo.com/s/nm/20081209/bs_nm/us_usa_freddie
notice how they tip toe around the subject.
“pushed into new, risky markets” —- what new markets?
“borrowers who would have trouble qualifying for a mortgage if their financial position were adequately disclosed” —– How would a citizen with an above board income avoid discloure?
“made without verification of income, assets or employment” —- who does that?
To clarify - I do not blame the immigrants in this case, I blame the banks that gave out the loans.
And yes, many of the banks WERE giving out loans to illegals if they had a tax return with an ITIN and a bank account which bank of america was providing.
But what this article does do it hint at a scapegoat … get the American people to blame the immigrants and not the fat cats that are really the ones to blame.
Powered by Yahoo Answers