The Truth about Immigration

You know you can make charts say anything you want. I showed you the kind of jobs Obama created with his policies. I even used most of your Far Left news sources to do it. No charts, just facts. I told you how they Left used half truth facts on jobs and how they left out the facts. But you pass it all off. I even showed you videos of the lies coming right out of their own mouths.

 

I am all in favor of immigrants that are vetted, considered a help to the country, look to assimilate and/or have a stated reasonable purpose. The other 10 or so million I want stopped..

 

I do too but then the key is "how?". The reality is that since 1960 this illegal immigration issue has been a crisis that no president *Republican or Democrat" has been able to resolve and during all these years, every president has "wanted to stop it".

What is your suggestion and when you give it, be sure to include the consequences that come along with the benefits.

 

It is hard work but not complex. Build a substantial wall, and if they don't immediately pass muster send them back across the border to Mexico right then and there, like they did at Ellis Island. Allow states to stop and identify. Stop encouraging it by eliminating education, medical care (other than emergency care) and sanctuary cities and states.

 

Got it, you'll continue to be dishonest and not accept the minority party in the House (Nancy/Barney Frank couldn't stop a damn thing, IF the GOP was serious about "reforming" Fannie/Freddie, which they were not,

BESIDES IT WAS WORLD WIDE CREDIT BUBBLE AND BUST. One pushed in the US by Dubya and his "homeownership society BECAUSE he had zero growth without it. Dubya literally was sued by all 50 states who wanted to regulate the "subprime loans"

CRA and Fannie/Freddie were around for decades, as well Gov't loans. You know Gov't backed loans that performed 450%-600% better than those NON REGULATED PRIVATE SECTOR (THINK WALL STREET) LOANS

Poor people caused the crash *shaking head*

Were you a baby in 2003-2007 when ANYONE could get a loan? No job, down payment, credit check, nada required. That was Barney? Nancy? BJ Bill?


ONCE MORE
Big Banks Paid $110 Billion in Mortgage-Related Fines.

The largest U.S. banks were penalized for their role in inflating a mortgage bubble that helped cause the financial crisis.

WHY WOULD BANKS PAY A FINE OF THE GOV'T FORCED THEM TO LOAN TO POOR PEOPLE? THINK
https://www.wsj.com/articles/big-ba...lated-fines-where-did-the-money-go-1457557442


SEE ANYTHING HERE? BJ BILL? BARNEY FRANK? NANCY PELOSI? LMAOROG

 

LIE

Obama represented Calvin Roberson in a 1994 lawsuit against Citibank, charging the bank systematically denied mortgages to African-American applicants and others from minority neighborhoods.

“I don’t recall him ever standing up and giving an impassioned speech — it was a lot of behind-the-scenes stuff,” said Fay Clayton, the lead lawyer on the case.

“He was the very junior lawyer in that case,” said attorney Robert Kriss. “He had just graduated from law school. I don’t recall him being in court at any time I was there. I was the lead lawyer for Citibank and he was not very visible to me.”

Kriss, Clayton and every other co-counsel and opposing counsel interviewed for this story praised Obama’s legal ability, temperament and everything about his courtroom demeanor, even though, they agree, he didn’t say much in the courtroom.

On Feb. 23, 1995, Obama billed 2 hours and 50 minutes for an appearance before Judge Ruben Castillo on behalf of his client, and also for reviewing some documents in advance of a deposition. That cost Citibank — which ultimately had to pay the winning side’s fees — $467 at Obama’s hourly rate of $165.

Miner commanded the higher rate of $285 an hour. During his appearance before the judge, Obama said he would need more time to file a response to a motion, and the judge agreed. That was all Obama said during the half-hour hearing.

His final bill on the case was 138 hours, or $23,000.

https://www.snopes.com/fact-check/the-loan-arranger/



''Obama's role in the lawsuit aside, the Caller's contention that federal efforts backed by progressives to prevent discrimination against minorities in mortgage lending triggered the economic crisis is baseless. First of all, the lawsuit did not seek to change the standards the bank used to determine whether or not customers should have access to credit, but simply to ensure that the standard used to measure white customers was the same as that used to measure African-American customers. And the final agreement settling the case did not require Citibank to accept any loan applications.''

 

Got it, you lied about Obama and the 90% low paying jobs right? Care to point to your source on that?

Video's about F/F and Gov't policy? Come on WORLD WIDE CREDIT BUBBLE EAND BUST


YOU CAN'T JUST MAKE UP CHARTS AS YOU SAY, MUCH EASIER TO CREATE BS LIKE YOU ARE PRESENTING FROM BAD SOURCES

Disprove this




A mortgage brokerage in the US advertising subprime mortgages in July 2008

 

Not true, this anti immigrant thing is new, again

Ronald Reagan calls for an open border with Mexico, 1980

 

LOL Yeah they don't have ladders and shovels in Mexico. 3,000 mile border'

THE ONLY WAY TO STOP UNDOCUMENTED IS TO GO AFTER THE ILLEGAL EMPLOYERS, HEAVILY!!!

 

Guess you don't remember this. It was only broadcast worldwide, but it doesn't show the worthless corrupt politicians you worship in the way that you want it to so I guess to you it's fake news.

 

So the corrupt politicians let them in and that's ok. But honest taxpaying citizens hire them and even though your corrupt worthless politicians let them in, it's the taxpaying citizens that should be held accountable.

Man you are the corrupt politicians wet dream.

 

Of coarse they are going to say this. I find it hilarious that you just simply believe everything the corpse administration SAYS.

 

Why do you claim this is the TRUTH about immigration and then purposely conflate the legitimate desire that our laws be followed with a desire to ban legal immigration?

 

Have you ever been a student of life and human nature?

There is such a thing as reality, you know. Desire to do something and the ability to do something are totally different. For 50 years our presidents have wanted to do something about illegal immigration and their results have not been good. Truth and Desire are totally different.

 

Perhaps not everyone is as self centered and invested in demanding servicing of every whim? The rule of law matters to some and that doesn’t make them xenophobic.

SMH

 

Almost always some private entities get blamed charged and pay for government mistakes.

 

Yes private banks would pay $110 BILLION vs fighting the Gov't *shaking head*

Heist of the century: Wall Street's role in the financial crisis
https://www.theguardian.com/business/2012/may/20/wall-street-role-financial-crisis


Why didn’t any Wall Street CEO go to jail after the financial crisis? It’s a question we were frequently asked throughout our reporting of the 10-year anniversary of the financial crisis. The financial crisis of 2008 altered so many lives: Millions of people lost their homes, their jobs and their savings. It set off a recession that collectively destroyed over $30 trillion of the world’s wealth. And though the crisis grew out of big banks’ handling of mortgage-backed securities, no Wall Street executive went to jail for it. So what happened?
https://features.marketplace.org/why-no-ceo-went-jail-after-financial-crisis/

The Fuel That Fed the Subprime Meltdown
https://www.investopedia.com/articles/07/subprime-overview.asp



I've shown YOU before the timeline of the Banksters subprime mortgage bubble, cheered on by Dubya in the US, PLEASE, PLEASE PLEASE show me the Gov't policy that REQUIRED US Banks to do this

You know Fannie/Freddie and CRA were around for decades, what changed?

 

LMAOROG, Seriously? Morons that believe Trump was "for them" might believe that nonsense, nut people with brains recognize if you stop DEMAND you stop the undocumented from coming to the US. Of course that costs the "job creators" more money huh?


To stop illegal immigration, crack down on illegal employment

...Employers do not hire illegal aliens out of the goodness of their hearts. They hire illegal aliens to pay them less and work them harder — often under terrible working conditions. Many employers use the threat of calling ICE if the illegal employees complain.

Employers hire illegal aliens so they can undercut their competition.
https://thehill.com/opinion/immigra...immigration-crack-down-on-illegal-employment/

 

Is there supposed to be a point with the pic? Are undocumented allowed federal benefits or not?

 

Lending to Poor People Didn't Cause the Financial Crisis
Look elsewhere for the sources of the meltdown.

Roots of the 2008 housing crisis

In the early 2000s, the government and GSE share of the mortgage market began to decline as the purely private securitization market, called the private label securities market, or PLS, expanded. During this period, there was a dramatic expansion of mortgage lending, a large portion of which was in subprime loans with predatory features.


Mortgages insured by the Federal Housing Administration did not cause the crisis

..In fact, far from contributing to the housing bubble, the FHA saw a significant reduction in its market share of originations in the lead-up to the housing crisis. This was because standard FHA loans could not compete with the lower upfront costs, looser underwriting, and reduced processing requirements of private label subprime loans.

In many cases, brokers pushed borrowers toward higher-risk subprime products, even when they qualified for safer FHA-backed mortgages. The reduction in FHA market share was significant: In 2001, the FHA insured approximately 14 percent of home-purchase loans; by the height of the bubble in 2007, it insured only 3 percent.






The real causes of the housing and financial crisis were predatory private mortgage lending and unregulated markets
https://www.americanprogress.org/article/2008-housing-crisis/

please refute this

 

Low-income loans didn't cause the financial crisis

...However, the new evidence from Manuel Adelino of the Fuqua School of Business at Duke University, Antoinette Schoar of the MIT Sloan School of Management and Felipe Severino of the Tuck School of Business at Dartmouth undermines this story. In their paper, "Changes in Buyer Composition and the Expansion of Credit During the Boom," the researchers found:

"While there was a rapid expansion in overall mortgage origination during this time period, the fraction of new mortgage dollars going to each income group was stable. In other words, the poor did not represent a higher fraction of the mortgage loans originated over the period. In addition, borrowers in the middle and top of the distribution are the ones that contributed most significantly to the increase in mortgages in default after 2007.

Taken together, the evidence in the paper suggests that there was no decoupling of mortgage growth from income growth where unsustainable credit was flowing disproportionally to poor people."

Lots of previous evidence supports this conclusion. For example, the Financial Crisis Inquiry Commission established by Congress concluded:

"...the CRA was not a significant factor in subprime lending or the crisis. Many subprime lenders were not subject to the CRA. Research indicates only 6% of high-cost loans -- a proxy for subprime loans -- had any connection to the law. Loans made by CRA-regulated lenders in the neighborhoods in which they were required to lend were half as likely to default as similar loans made in the same neighborhoods by independent mortgage originators not subject to the law."

https://www.cbsnews.com/news/loans-to-low-income-households-did-not-cause-the-financial-crisis/

 

Probably AFAIK because no law was broken. I maintain that wall street did not cause the financial crisis of 2008 but they surely abetted it, threw some gasoline on the fire with their fancy instruments like CDOs, credit default swaps, other derivatives, and some insurance deals and made it worse,. But they did nothing illegal. It was Bush43 along with McCain and others who suspected this coming and tried to get some government regulation in the previous unregulated derivatives business, but were stymied by Sen. Dodd, D-Conn. Even the ones who did cause the financial crisis AFAIK did not break any laws.

 

SOURCE?


Know who had that authority already?

The regulation of financial derivatives in the US is handled by both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The parties to financial derivative contracts are regulated by the Financial Industry Regulatory Authority (FINRA).

Can you guess which branch (DUBYA) had oversight?



White House Philosophy Stoked Mortgage Bonfire

“We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.” — President Bush, Oct. 15, 2002


There are plenty of culprits, like lenders who peddled easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains who loaded up on mortgage-backed securities without regard to the risk.


But the story of how we got here is partly one of Mr. Bush’s own making, according to a review of his tenure that included interviews with dozens of current and former administration officials.

From his earliest days in office, Mr. Bush paired his belief that Americans do best when they own their own home with his conviction that markets do best when let alone.

He pushed hard to expand homeownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent — and with the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards.
https://www.nytimes.com/2008/12/21/business/21admin.html


MO PAYWALL LINK
https://archive.ph/UOGvr


THE ENTIRE BANKSTERS WORLDWIDE CREDIT BUBBLE AND BUST, CHEERED ON BY DUBYA AND GREENSPAN, WHO "BELIEVED" THEY WOULD SELF REGULATE, WAS LEAD BY THE PRIVATE SECTOR

Yes Dubya and McCain made speeches about "reform" on Fannie/Freddie, but it wasn't F/F that lead this, they got in trouble BECAUSE they lost so much market share to the UNREGULATED (mainly wall street) sector!

Get honest

 

You didn't answer the question: Where are all these American workers you're talking about?

 

Remember ninja loans? No income, no assets, no problem?


GOV'T REQUIRE THEM? Accept them in their conforming pool of backing mortgages? NOPE


Dubya fought ALL 50 states who wanted to regulate the PREDATORY subprime lenders, they sued him and finally won in 2009


"In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules."

https://www.washingtonpost.com/wp-d.../02/13/AR2008021302783.html?hpid=opinionsbox1

NO PAYWALL (MIGHT BE AWHILE 5,113 INLINE) LINK

https://archive.ph/wip/tRWk9