Why are Americans stuck with paying for illegal aliens' bad mortgages?

How much are the millionaire bankers and overpaid Congress pitching in from their pocketbooks?





Is it time to make your voice heard when you vote?Why are Americans stuck with paying for illegal aliens' bad mortgages?
For that matter, why are we stuck with paying for their health care (Medicaid), their groceries (food stamps), their credit card debt (did you know you can get a credit card from Bank of America without even having a social security number?), and their childrens' education (taught in THEIR language, btw)?


One legislator who REALLY needs to hear the voters voices: Dianne Feinstein (D-CA), who said (of the bail-out bill and spoken into the mic on the Floor) ';I received 95000 calls regarding this bill. 85000 were against it. 10000 were for it. I am voting for it';.


The responsibility of the legislators is REPRESENT us and vote according to our wishes, not to ';know better'; than us and save us from ourselves.


They haven't done such a bang-up job of ';saving'; us, now have they?





Edit: carzo, you are partially right. The fact is we are finding out that the lending agencies were strongarmed into making those loans in order to continue to receive ';incentives'; and to avoid scrutiny from the government banking regulators. THAT is how illegals got loans in the US. And, yes, it is the fault of the lenders, with some very strong arm twisting from our elected and appointed officials.Why are Americans stuck with paying for illegal aliens' bad mortgages?
Amazing how long it took you guys to spin wall street greed and corruption into an attack on the lowest man on the totem pole.





Yes, you're right. The poor people caused the bailout. They did so by repackaging mortgages repeatedly and slicing them up in order to hide bad assets, then selling those bad assets as if they were the highest rated secured financial instruments you can get. Poor people like playing games like musical chairs, mostly because they can't afford a TV.
We've been paying all kinds of stuff for illegal aliens, not just their mortgages. We've been paying their healthcare and whatever else. It's because they can get away with it. What choice to we have but pay what the government tells us to? This election I hope we get someone in there who cares about the actual Americans instead of the ones who can't even go through the legal process to become Americans.
i would like to know how an illegal alien gets a mortgage in your country. In most of the world you have to be known to your bank or building society provide identification, references, bank statements payslips and they check you out first.This process DID NOT change in the sub prime mess. What did change was the AMOUNT of money that they were prepared to lend to people with less than attractive credit histories, no employment etc the lender is responsible for this as is the lawyer that acts for you. If mortgages are being given to persons that do not check out or they have not bothered to perform all of the requisite checks then my dear the problem is with the lender.
I'm Canadian and I know that we are headed in that direction!! There was a newspaper article in our local paper. It showed a picture of a guy who just immigrated from overseas, and was in Canada for less than 10 months!!





The picture was of him standing in front of his New 2008 Sedan, and a newly built house! All this from a bank loan, mortgage and he's only been a citizen for eight friggen months!!





Meanwhile people have lived and worked in Canada all their lives and still cannot get a loan or mortgage!! or we have to save over 10 to 15 thousand to even get a menial loan!! Some have it some don't and its everywhere!!





I hear you and I have been following your election!! I see it and I know for a fact that the Canadians are headed in the same direction as you!! We are going to end up paying for immigrants bad debts!!





The U.S. election will not only effect you, it will effect every one else around them!! I don't have a say, being Canadian and all, and I do hope for the best.
Is this another racist comment.? Or are you just dumb? These mortgages were not for illiegal aliens. How many illegal aliens were just at the AIG big bash party that cost the taxpayers a half million dollars? None!!! I am not for illegal aliens, but I am for the truth. Stop putting prejudice ahead of the facts.
It's not just illegal aliens mortgages that American taxpayers are paying for. It's all bad sub-prime and ARM mortgages, bad decision making by banks, excessive executive compensation, the lobbyist payoffs to congress and senate, and spa treatment for AIG executives that we are paying for?






It is not so bad now. Illlegal immigration is sharply deeclining and we do not have to deal with those good for nothing illegals...............................w鈥?have our bad economy to thank. Thank You greedy excutives!!!!!!!!!!!!!!!
Illegal aliens? Really? That's a new one to me. Please, tell us more. Do you have a real source or is that what they told you on FOX news?
*sighs* Because clearly no person born in america could have bad credit! Give me a break, it's from highly paid American citizens making bad choices giving morgages to everyone, whether they could afford it or not.
Wow - I didn't realize that ';illegal aliens'; were the only ones with bad mortgages. There must be more IA's in the country then I ever realized.
Do you actually have any proof that the bad mortgages went to illegal aliens?





Or are you just talking out of your ***?
This is true. Most average citizens are paying for illegals and most millionairse such as congress are not doing didly squat. They are greedy, over paid pricks!
According to Obama, you must be a racist to harbor ill will to illegal aliens. At least that is what he told La Raza.
It was all low-income people and the greedy rich taking on more then they could chow. yes you are right about illegals to,
Because we continually elect morons to Congress.
Not to forgret mostly minorities also. And Obama and Acorn supported all this
Keep pace dear, the bailout bill has passed and ';Troubled Assets'; are being bought very soon.






where did you get that the mortgages belong to illegal aliens?
what about these sanctuary cities like L.A. its a bunch of B.S.
because of their own greedy stupidity
reputable link, please?
Where did you hear that? Just wondering.
What are you trying to say?
With this question I really see American Ignorance has no limits.





Are you that stupid to actually believe that?