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ANALYSIS: Markets face a long haul on road to recovery

By Andrew McCathie Oct 9, 2008, 16:08 GMT

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BrittanicusOct 9th, 2008 - 16:46:36

Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.

In America an illegal alien was arrested this year in Tucson, Arizona after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.

It's not known how many of those have contributed to the subprime housing mortgage meltdown, but it has affected every state.

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 and then walked away from.

This is no longer isolated communities whose corrupt Politicians, Governors, Mayors and elected officials, who haven't sold America to the open-border Special interest lobby for campaign contributions.

The middle class already overburdened with war appropriation funds, is still force to pay for the education, free health-care and Federal, state welfare handouts for illegal criminals. SIGN UP FOR THE SAVE ACT(H.R.4088) enforcement 'ONLY' law at www.numbersusa.com.

SIGN JUDICIAL WATCH, A LEGAL ORGANIZATIONS PETITION, TO RESCIND ALL 'SANCTUARY CITIES & STATES. www.sanctuarybusters.org/?source. www.numbersusa.com to Petition the SAVE ACT. For immigration facts not propaganda or lies,


PASS THIS ON COPY, PASTE & DISTRIBUTE FREELY

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