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The Economist in 2004: "More Mexicans, please" (promoted home loans to illegal aliens) - 12/14/09

I haven't looked into how much of the mortgage mess is due to financial institutions giving mortgages to low-wage workers, including illegal aliens from Mexico; for that, see Steve Sailer. Some but not all of it was, making the June 10, 2004 article from The Economist called "More Mexicans, please" (no author given; economist.com/world/unitedstates/displaystory.cfm?story_id=2752598) a cautionary tale about a) giving in to corruption, and b) trusting The Economist: NATIVISTS in Texas and Arizona may still want to keep Mexicans out of America, but in the mid-west, far from the border, a growing...

Dianne Feinstein wanted $25 billion for FDIC after they gave her husband a real estate deal - 04/20/09

From this: On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband's real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms. Mrs. Feinstein's intervention on behalf of the Federal Deposit Insurance Corp. was unusual: the California Democrat isn't a member of the Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it...

"Bank on Los Angeles": city helps corrupt banks profit from illegal activity - 03/25/09

The City of Los Angeles recently announced a new public-private partnership called "Bank on Los Angeles" (bankonla.com) that's designed to help 10,000 low-income residents who don't have bank accounts ("the unbanked") open up accounts. It's also open to illegal aliens [1], and that means that Los Angeles City will be encouraging corruption by helping major banks profit from money that was earned illegally.

Bill Clinton, Arnold Schwarzenegger promote corruption, try to fool people about "unbanked" program - 01/24/08

Bill Clinton and Arnold Schwarzenegger join forces to offer "Beyond Payday Loans". The two promote plans to help the "unbanked" (those without checking accounts), and in so doing completely mislead about the seemy underbelly of their proposals: the San Francisco program they mention is designed in large part to give banking services to illegal aliens. They don't even hint at that: ...[The American dream] is harder to achieve for millions of Americans because they spend too much of their hard-earned money on fees to cash their paychecks or pay off high-priced loans meant to carry them over...

San Francisco approves ID card; corruption in plain sight; Tom Ammiano? - 11/14/07

The San Francisco Supervisors have approved a city ID card for everyone, including illegal aliens (link). While this will be sold as either a wacky plan from the far-left or a common-sense solution, the more likely reason this was pushed through is hiding in plain sight: [Bill author, supervisor Tom Ammiano] said banking institutions in San Francisco have signaled their willingness to accept the municipal ID card for the purpose of setting up accounts. He noted that people without bank accounts are frequently more vulnerable to theft and robbery. Officials with the city's Bank on San...

Why is the FDIC helping illegal aliens get home loans? - 08/03/05

I asked that in last year's "Who is the FDIC? And, why are they working with a foreign government to subvert our laws?". The blog-like article "Mortgages for Illegal Aliens Encouraged by FDIC" has another round-up on this issue.

Most banks would sell the kidneys of Brazilian garbage men if they could get away with it - 03/16/05

So, it shouldn't come as much of a surprise to find them doing something not nearly as bad but still quite disturbing. Namely, giving home loans to illegal aliens. The article "Banks Find Mortgage Clientele in Undocumented Immigrants" is the latest in a string of reports about banks funding loans using ITINs ("individual taxpayer identification numbers") rather than social security numbers.

Who is the FDIC? And, why are they working with a foreign government to subvert our laws? - 09/20/04

The FDIC - "an independent agency of the federal government" - is working with the Mexican consulate in Chicago, banks, and community groups to give home loans to "immigrants." If they're legal immigrants, and thus American citizens (or on their way), why is a foreign government involved? The article "NWI banks offer home loans to undocumented immigrants" (link) explains why: