Do you think illegals are the reason America’s economy is failing?

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DO you think it’s okay for banks to give out mortgages and other loans to illegal Mexicans? Using a # called “Tax payer Id #” which you have to get legally (how they get them when they are here illegally and not paying taxes is another story..) When they are caught as illegal they can be deported then what? Does that mortgage get paid? It defaults! These top banks and companies are giving out bogus loans and all their mortgages are defaulting. Wells Fargo (Known in utah to give bank accounts and credit cards etc to people with bad credit and no credit) Gives out mortgages to illegals knowing they are illegal?? and WaMu with most of its mortgages in cali, think most of those defaulting mortgages are too illegals? Who not only can’t afford the loans but have no responsibility for them? I’m sick of this being a “race” issue. It’s called American banks are giving illegal loans to illegals to TRY and make a quick buck. Arizona punishes companies who employ illegal aliens why don’t they start making the banks accountable for their shady practices?

  1. Reply
    erica s
    April 30, 2011 at 12:31 am

    no. americans default on their loans as well. our economy suffers because of poor choices made by individuals in power.

  2. Reply
    April 30, 2011 at 12:47 am

    LOL!….what next? they’ll get blamed for the War in Iraq.

    Let’s see! Illegal Immigrants:

    *pay Billions in taxes every year.

    *make Billions in purchases as consumers evey year.

    *help US companies succeed and make huge profits by working for lower wages.

    *help keep Social Security and Medicare stay afloat with the taxes they do not claim.

    *help garantee Legal Citizens a retirement check with those same taxes.

    *do the work most Citizens don’t want to do.

    *over pay in taxes then they use in government services.

    How can they be at fault for the bad economy?

    It’s the greedy mortgage companies that started handing out loans and came up with crooked ways of letting these people qualify for them. It’s NOT the illegals fault….LOL The loans that illegals recieved have actually been holding steady, up until the immigration laws went into effect.

  3. Reply
    Cherokee indian
    April 30, 2011 at 1:27 am

    I think that is part of it but the bigest part is the CEO of those companys get the big bucks the CEOs of WaMu and AIG make over 35 million a year now the tax payers will be paying those CEOs big bucks

  4. Reply
    April 30, 2011 at 1:34 am

    No. Most of the loans were to legal citizens. The economy suffers because of the war, the national debt, jobs going overseas, the decline of the dollar thus making oil and many other things more expensive, corporate greed, and probably a lot of other factors like irresponsible credit card debt.

  5. Reply
    April 30, 2011 at 2:11 am

    Are you ok? Looks like you may pop a vein. My answer is no, hardly. Many CITIZENS defaulted on their loans and live day to day off credit. The problem is that people never think of tomorrow and live for today. Very irresponsible.

  6. Reply
    April 30, 2011 at 2:32 am

    i agree.

  7. Reply
    April 30, 2011 at 2:55 am

    Being of native american ancestry, all of you are illegal immigrants, my ancesters did not invite you to come here.

  8. Reply
    April 30, 2011 at 2:57 am

    There is plenty of blame to go around and yes, illegals are part of the blame too. They ship much of their earned money back to their home countries, which hurts the US economy. Some illegals do pay taxes, but most do not which hurts the economy too. Lots of banks gave mortgages to citizens and illegals without checking any credit history. Nations Bank is a prime example of giving credit cards and loans to illegals.

  9. Reply
    How it is (censored by Yahoo)
    April 30, 2011 at 3:23 am

    They are definitely a part of it with all the tax money being spent on them. They are of course not totally to blame. And to CARL the “native american”, there is a huge difference between an immigrant and an ILLEGAL immigrant. My ancestors were not ILLEGAL because there were no laws mandating immigration back then. There was no need for them then like there is today.

  10. Reply
    April 30, 2011 at 4:13 am

    It’s not necessarily illegals. I think the heart of it is minority CEOs who had no idea how to handle themselves with so much money in their care. Fannie Mae, Freddie Mac. There are a couple of common demographics to those, and they both failed.

    Lo and behold tons of CEOs took the money in their care and split. It wasn’t probable, but it was always possible. It was like all of the wrong things going wrong, all at once. It’s a huge lotto of bad luck that went that way.

    As far as illegal immigrants go, the biggest threat they pose is draining the budget used to give out welfare checks. I mean, they don’t even pay taxes, and yet they are taking tax money. It will all eventually run out, but there are plenty of gullible White Americans in the US, including but not limited to those who feel so guilty over the deeds of their ancestors that they are voting for Obama, just for that. The INS will continue to grant citizenship to those undeserving. It is actually easier to get into America than it is to get into Canada. The people at the INS are just human, workers who are tired at the end of the day, anxious to go home, and they stamp ok’s on as many papers as they can.

    America is on a downward spiral.

  11. Reply
    April 30, 2011 at 4:51 am

    I wouldn’t say it is the reason but I would submit that it is a large factor that needs to be addressed. I would also consider the fact that the liberals, democrats, socialists, pro illegal groups and lobbyists were directly involved in the decision to give mortgages to people that didn’t deserve them. I understand taking a gamble but not when you know you are going to lose. We have credit scores, stated income, and down payments for the purpose of security when it comes to loans and by bypassing these standard we knowingly sank the ship. Logic would lead me to believe that the reason they did it was because they knew it would fail and would require government interference and as a result would be our first step to socialism. “They” don’t mind all the the illegals because they are already socialists and only further their socialist/communist agenda. Now that the idea has collapsed they get the socialist cornerstone while simultaneously blaming the republicans for not having regulations on the policy’s they imposed. WTF. Why are we letting them get away with this? You you want to thank somebody for our situation it should be Barney Frank and Nancy Polosi and their inner circle of liberal idiots.

  12. Reply
    April 30, 2011 at 5:16 am

    no way

  13. Reply
    Kat M
    April 30, 2011 at 5:50 am

    yes I do and no it is not okay for banks to loan illegals money. illegals should be allowed to own nothing. lending illegals money is one of the reasons many have belly up and now want the taxpayer to bail them out.

  14. Reply
    April 30, 2011 at 6:29 am

    They are partly to blame, yes. They know that are not supposed to be here, yet they come. They know they are not supposed to have the jobs, but they take them. They know their soc. sec. # is fake, they buy it or forge it or just make one up. The same with ID.
    Did they know they couldn’t make a $ 1,200 a month mortgage payment taking home $ 350.00 a week? Even my 3rd grader can answer that question correctly.
    The government (democrats) made the situation worse by giving money to pro-illegal groups to counsel them on how to obtain these loans with no money down, no ID and no credit history. Now that’s what you call looking out for the American People! Let’s vote these people back into office in November. Maybe they can sell the Statue of Liberty to fund their bailout.

  15. Reply
    April 30, 2011 at 7:24 am

    we cant blame them entirely, but they wouldnt have recieved so much if it wsnt for our govt. We give out over 5 billion dollars every year to Illegal immigrants health insurance. and there are so many loopholes for them to stay in america once they are here…why wouldnt they take advantage of us?

  16. Reply
    April 30, 2011 at 8:18 am

    Heck no

    The economy is failing because JOHN MCCAIN DEREGULATED the financial industry an for the last 9 years wall street have been doing anything they like and everything they can to make PROFITS.

    This bailout is NOT going to the taxpayers. Its going to the BANKS to lend out to the taxpayers as horrendus interest rates.

    the only way to beat the bansk is to REMOVE your money from the banks cut up the credit cards (so you dont use them) and STOP taking out loans. Start bartering if you have to.

    The more the banks dont lend out money, the less interest (and profit) they earn, so they will actually start lending amongst themselves (just like this year) and then they will all crash.

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