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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (328564)3/14/2007 6:37:24 PM
From: tejek  Read Replies (4) of 1573571
 
Indentured Servants in America

If you've listen to programs about illegal immigrants this past year, they've make a point of describing how illegals have become a part of the communities in which they have settled....buying houses, shopping at the local stores etc. Now that's a bit different from the illegals I knew in LA. Nonetheless, I wondered how they were able to buy houses for a whole of reasons starting off they have such low incomes. Well, it turns out there were two niche markets the subprime lenders sought out......flippers and illegals. Apparently, the houses sold to illegals are going into foreclosure fast and furious; the houses to flippers not far behind. Such madness......but you know someone got rich off this madness.

Once again, Congress is talking about clamping down on subprime lenders. How much do you want to bet nada happens.......again? Ahhhh, the virtues of capitalism........can there be anything better?!!
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