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Politics : Politics for Pros- moderated
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From: LindyBill3/26/2007 11:06:06 AM
   of 793868
 
Are Immigrants 'Victims' When They Fail to Pay the Mortgage?
NEWSBUSTERS
In Washington Post

The top right-hand corner of Monday's Washington Post sounds like the return of Hurricane Katrina. "Foreclosure Wave Bears Down on Immigrants" is the headline. Reporter Kirstin Downey begins: "Immigrants are emerging as among the first victims of a growing wave of home foreclosures in the Washington area as mortgage lending problems multiply locally and across the country."

But the "victims of a wave" line fails to ask the question: at what point are people who make bad financial decisions responsible for their own fate? The heart-breaking individual stories Downey tells could have been avoided if the struggling homeowners had stared harder at the numbers.
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