Additional help to expose liberal media bias
October 10, 2008 1 Comment
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In my attempt to do more about bias in the media I happened upon NewsBusters.org. I am sharing just one of the informative articles about Illegals having Illegal mortgages. It is good to know that other Americans are watching. Other Americans are calling out the liberal media and their biased ways.
Hoping to give Iowa Defense Alliance Readers one more place to help understand how much media bias is being shoved our way and keep it out in the open- front and center.
About NewsBusters.org
Welcome to NewsBusters, a project of the Media Research Center (MRC), the leader in documenting, exposing and neutralizing liberal media bias.
“Calling the Old Media: Five Million Illegals Have Illegal Mortgages in U.S.A.!
By Warner Todd Huston October 9, 2008 – 11:42 ET
A single report by KFYI radio of Phoenix, Arizona highlights a shocking claim made by the Department of Housing and Urban Development (HUD). HUD says that five million illegal aliens hold illegal mortgages. This is just one more example of the lax lending laws put into place by Democrats like Barney Frank that have contributed to this economic crisis. One would think this would be big news. But, so far we have only this one report to cover it.
There have been earlier stories of home flipping schemes that made liberal use of illegal aliens as straw buyers and the FBI has followed numerous cases to prosecution and conviction. But the Old Media have not done much with this story.
KFYI reports that these fraudulent straw purchases of mortgages by illegal aliens has affected every state in the union.
One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.
Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.
It’s not known how many of those have contributed to the subprime housing mortgage meltdown, but it has affected every state, including Arizona.
The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification. As a result, illegal immigrants were able to obtain home mortgages which they could not afford.
Lax immigration laws have also helped make this crime easy to perpetrate.
In 1965 a Democrat Controlled Congress under President Lyndon Johnson passed the concept of “chain” immigration into law. A later commission named the Hesburgh Commission convened during Ronald Reagan’s first term, found that this concept statistically allowed each single immigrant to bring into this country 84 of his family members. Of course, all these people have to live somewhere making such fraudulent mortgages quite attractive.
What illegal struggling to survive is going to pass up a free house that he can move into without having to present any identification, proof of employment, financial history or even a down payment?
This story should be in every paper and on every TV news cast. Yet it isn’t. I’ll leave the guessing as to why with you, gentle reader.
Notice: the link to the story above is a Google cached page link because KFYI has pulled down their report.”
Michelle Malkin has discussed the illegal immigrant angle of the subprime lending scandal.