Aren't these poor banking practices the same that caused the market crash of 1929?
--- David Crooks <[EMAIL PROTECTED]> wrote: > On Wednesday, July 18, 2007 6:59 PM Michael Madigan > wrote: > > >How do illegals get mortgages? > > Here is the Washington Post article: > > Immigrants Hit Hard By Repossessions > > The rosebushes at the house on Bayshire Lane in > Herndon have died. > Plastic wrappers and empty crates are visible > through the windows of the > otherwise vacant house. A breeze riffles the pages > of a weather-beaten > copy of the Nuevo Testamento on the front porch. > > To view the entire article, go to > http://www.washingtonpost.com/wp-dyn/content/article/2007/06/29/AR200706 > 2902468.html?referrer=emailarticle > > Also: > "Now many immigrants who bought homes in Herndon are > walking away from > the properties, said Miguel Martinez, a real estate > agent with > Prosperity Realty. He said the good-paying jobs they > had in residential > construction have disappeared, and they can't make > the payments any > more. Many undocumented workers also fear > anti-immigrant sentiments in > Herndon, Martinez said, and worry that they or their > relatives could be > deported if arrested for other infractions." > > To answer Ed's comment about the banks looking for a > quick buck on risky > loans, the states are cracking down on them for that > practice. > > David L. Crooks > > > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: > http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] > ** All postings, unless explicitly stated otherwise, > are the opinions of the author, and do not > constitute legal or medical advice. This statement > is added to the messages for those lawyers who are > too stupid to see the obvious. > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
