No way
Posted By: sm on 2008-09-30
In Reply to: Rush just said the same thing....give everyone with a mortgage...sm - ms
Unless they want to give me 75K as well, which would pay off my mortgage. When I do my homework on this subject and find the millions of "illegals" given mortgages, I want to vomit. In order for these "illegals" to get a home, they, the real estate company, and the mortage companies had to doctor fraudulent papers in order to make those people seem as if they could afford a loan. Well, not only could they NOT afford the loan, they were ILLEGAL!!!!! What happens when they can't afford their mortgage? NOTHING. They hit the road, abandon the home, go back to their country, or go rent something. After all, they are illegal, so who is going to hold them responsible for anything? No one can find them. They walk, free and clear. It's not like their credit rating will fall......THEY DON'T HAVE ONE! This is already happening to the tune of thousands of mortages and millions upon millions of dollars in Colorado alone, where illegals have been getting mortages, although they don't even make minimum wage. How is that? It's because of our government demending all banking institutions allow subprime mortages, putting pressure on banks to lend to EVERYBODY, even those without jobs or credit or most of all, MONEY.
So, yes, there is blame enough to go around for everybody that gets a fat paycheck in our government, senators to the tune of nearly 300K a year, but those low-income and illegals knowingly were given mortages they knew they couldn't pay and didn't care. If they couldn't figure out for themselves they couldn't afford their house note, along with regular monthly bills that come along before they filed for a mortgage, then why should I feel it my duty to give them anything?
I would rather spend money hunting down all the paperwork, looking for those signatures who signed off on a loan knowing full well it was wrong, looking for the real estate companies who doctored paperwork for those that were not qualified candidates, and the mortage companies that would have done the same in order to convince investors these were legitimate loans.
Lets start at the top with Barney Frank and all his crooked colleagues and work our way down from there.
Handing out more freebies isn't doing any of us any good.
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