Comments on: Auditor: Financial meltdown ignited by open borders

By: INC

INC — Sat, 18 Apr 2009 04:22:49 +0000

mimi,

Good for you.

By: INC

INC — Sat, 18 Apr 2009 04:22:33 +0000

This is a blockbuster of a post.

Thank you for putting it together.

By: Kralizec

Kralizec — Sat, 18 Apr 2009 02:01:43 +0000

Countries in which the people have enough children to replace themselves and keep up with neighboring peoples perhaps rarely suffer excessive immigration, let alone excessive illegal immigration. If the financial failure is traceable to fraud by illegal immigrants, then it’s also traceable to abortion, contraception, feminist elevation of “career” over motherhood, and husbands’ turning their wives into cash cows.

By: mimi1220

mimi1220 — Tue, 14 Apr 2009 17:51:31 +0000

I, too, audited subprime loans being sold to companies like Bear and Impac mortgage. I was initially “hired” to set up a fraud/QC system, and was able to get the small company to set up Lexis/Nexus. The loans were a joke and many of the social security numbers did not link to the individuals on the loans. Many others were being originated as owner occupied, when a 3rd grader could tell they were investor loans. The owners wouldn’t disclose this information to Bear or Impac because they said we needed to get these through so the owners (the company) would get their money. I left pretty quickly. I don’t know about them, but I need to sleep at night.

By: Bill Scrunty

Bill Scrunty — Tue, 14 Apr 2009 12:50:37 +0000

I was always of the opinion that stupid borrowers were to blame. The story you linked to actually leads me to believe that the lenders shared more of the responsibility than I had originally thought:

Q) What did management do when it was discovered that a stolen Social Security number was being used by a borrower?
A) It was not uncommon to find a SS# being used by up to 23 other people or a borrower with 27 a/k/a’s. Management would often clear a loan that you tagged as fraudulent so it wouldn’t be shelved.

When you have lending companies doing stuff like that, how on earth can you come to the conclusion that illegal immigrants are the problem when according to this person the companies were letting them use fake SS#s?

By: amkun

amkun — Tue, 14 Apr 2009 11:55:45 +0000

I wish I could say I’m shocked and appalled, but I just don’t have the energy to even get angry anymore.

This has to be part of their* plan. Just piss everybody off enough so they become immune to it and then let ‘er rip.

I wish I knew who “they” were, because that provision and that bill was all Bush. Speaking of which, you know what? F* Bush. He protected us him from overseas threats while letting our country rot from the inside out. He was a terrible president.