Subprime mortgages & Illegal Immigrants

It was the perfect story:  our country is suffering economically and someone has to be responsible for it.  Oh yeah, our misery is due to the Community Reinvestment Act (of 1977) whereby Dimmocrats tried to help out poor people get loans they couldn’t afford.  [You haven’t heard that one, I am betting…].

The only problem was, that while the above story was good, everyone knows that liberal democrats are bent on bankrupting this great nation, it was not quite perfect.  Conservative talk-radio host, Roger Hedgecock (love that name), helped make the story perfect.  The subprime mortgage mess was due to the fact that 5 million illegal immigrants held bad mortgages in the United States. Hedgecock’s source was none other than the U.S. Department of Housing and Urban Development.

Of course the only problem with this perfect, well nearly perfect story, is that it is not true.

This story went viral on conservative news outlets and was repeated by Matt Drudge, Michelle Malkin (who termed the problem “the massive illegal alien racket”), and Rush Limbaugh.

This wild assertion does not even pass the “nonsense test”.  In order to get a mortgage loan one has to have 1) a credit history and 2) pay taxes in the U.S. of A. –  things that illegal immigrants don’t usually have or do.

Read more here.

10 Comments

Filed under The Public Square

10 responses to “Subprime mortgages & Illegal Immigrants

  1. Haven’t you heard, it’s all a socialst plot to bring America to it’s knees. Speaking of bloviators, NPR was discussing buffoons like these, and Glenn Beck was quoted on his newly formed ‘close relationship’ with Fox news bigshots. NPR’s thoughts about Beck were not flattering, of course.
    Something about Beck being “farther right than the extreme right”. Of course crybaby Glen would take that as a compliment, no doubt.
    Can you believe the MSM is touting him as a populist? Sheesh.

  2. lilacluvr

    The sad fact is there are alot of people who listen to Beck and Limbaugh and think they are really smart and are ‘telling it like it is’. But then again, these same people think they are the only ones going to Heaven because their preacher pats them on their head every Sunday while putting their money into the collection plate.

    They don’t call them dittoheads for nothing.

  3. iggydonnelly

    lilacluvr,

    Thanks for your post. I have appreciated all of your posts. I will have to ask fnord who you were in a former blogging “life” (if it can be called that).

    Boy, I’m slow, but I just figured out what your nickname implies. Neat name, BTW.

  4. lilacluvr

    iggy – I was mom in my former blog life….

    lilacs were my grandpa’s favorite flowers and it has been 38 years this week since he passed. He was working on his lilac bushes when he dropped over from a heart attack. He had a heart of gold, never a mean bone in his body, he did not have much money but he was content with what he had and was glad to share with others who needed help. I learned alot from him. When nford sent me the email about this new blog site, I was thinking about my grandpa and lilacluvr just seemed to be perfect for my new nic.

    And what was your former nic? It’s nice to be on a blog site where the juvenile behavior, name calling and downright smear tactics are not seen. too much negativity is not good for anybody or anything.

  5. iggydonnelly

    I went by my actual name and my initials were SED. Now they are I.D. – for Ignatius Donnelly who wrote the platform for the People’s Party in 1892 (four years before my maternal grandmother was born).

    He was a senator from Minnesota. He wrote what could be considered early science fiction; he believed he found secret codes in the writing of Shakespeare (sort of like the Di Vinci Code, as I understand it).

    He had many interesting ideas…

    As a bonus to posting here, I am going to share with you a blog that linked to us. This is going to be one that I will read, I am pretty sure, any way.

    http://unsilentgeneration.com/

    Check it out – radical and progressive older people. The world had better watch out; No?

  6. prairiepond

    “He had a heart of gold, never a mean bone in his body”

    Sounds like the apple didnt fall far from the tree, er, the flower far from the bush, er, you must be a chip off the ol’ block.

    Cant think of anymore trite comparisons…

    Anyway, it’s good to see you again. Can you give me advise on growing lilacs?

  7. lilacluvr

    wish I could give advice on lilacs – but my grandpa was the the one with the green thumb and alot of love for nature’s beauty.

    Maybe that was his secret? He simply appreciated what the world had to offer and he tried to make his little corner of the world the best possible while he was with us?

    He lived through the Depression and knew exactly how bad things can get. I think that is something our current society does not have a clue about.

    When Republicans talk about going back to the good old days – they are talking about going back to Reagan’s days of greed and money. When I think of the good old days, I think of my grandpa
    being a hard worker, loving his family, sharing what he had and being content with whatever life gave him. To me, that is real success – not how much money is in the bank.

  8. 6176746f6c6c65

    prairiepond, my recollection of growing lilacs is that they like to be dry more than wet; will grow in darned near any soil condition; and don’t need a lot of care and treatment, such as roses. So, if I were to try to grow lilacs (the first sentence is based upon memories from my mother’s growing them, her green thumb never made it to me) I’d put them uphill a bit; a lot of sun (perhaps shield from the afternoon sun, particularly the late afternoon sun); and occasionally prune out the “old wood”. Maybe a deep watering every once in a while if it was really dry. Probably a good idea to use some compost when planting them, and to mulch a bit to keep the weeds out. Otherwise, it seems to me the doggone things just grew and flowered without too much attention paid to them (I don’t recall my mother fertilizing, watering in particular, but she would prune them every few years).

    I seem to recall an old expression that if it was a good year for lilacs, it would be a good year for corn. Don’t know how accurate that is, but the expression resides within my memory.

  9. prairiepond

    Thanks all. My Mom was the one who planted flowers and nice plants and all. She planted the lilacs in my yard, and they are older than I am, which makes them pretty damned old.

    They grow fine, but only bloom in the middle at the tippy top. I wonder how to cut them back and make them bloom all over again, like when I was a kid.

    Me? I’m a farmer. If you cant eat it, I dont grow it. That’s how my Dad was too. And he’d frequently mow over my Mom’s flowers. When she would, quite predictably howl about it, he fired back that he thought they just looked like weeds.

    heee hee hee. I come from a long line of fighters….

    • 6176746f6c6c65

      FWIW, one year my dad became quite upset about the lilacs, and, one fine late summer’s day, cut them back to the core of the plant. Beginning the next year, and for several years after that, the lilacs bloomed “all over” in abundance, rather than just at the top.