A criminally lax immigration policy, which permits “sanctuary cities” to exist, appears to be at the center of mortgage crisis.
We can thank George W. Bush and other RINOS on immigration for their visionary leadership.
It’s no coincidence that most of the areas hardest hit by the foreclosure wave – Loudon County, Virginia, California’s Inland Empire, Stockton, San Joaquin Valley, Las Vegas, and Phoenix, for starters — also happen to be some of the nation’s largest illegal alien sanctuaries. Half of the mortgages to Hispanics are subprime (the accursed species of loan to borrowers with the shadiest credit histories). A quarter of all those subprime loans are in default and foreclosure
. — Michelle Malkin
Filed under: Everything Else , amnesty, California’s Inland Empire, Fannie Mae, Freddie Mac, illegal aliens, immigration policy, Las Vegas, Loudon County, mortgage, Phoenix, San Joaquin Valley, Stockton, subprime, Virginia
