Conservatives like Malkin will go to the ends of the earth to blame brown people for all the problems in the world.
It's no coincidence that most of the areas hardest hit by the foreclosure wave - Loudoun County, Va., California's Inland Empire, Stockton and San Joaquin Valley, and Las Vegas and Phoenix, for starters - also happen to be some of the nation's largest illegal-alien sanctuaries. Half of the mortgages to Hispanics are subprime (the accursed species of loan to borrowers with the shadiest credit histories). A quarter of all those subprime loans are in default and foreclosure.
Regional reports across the country have decried the subprime meltdown's impact on illegal-immigrant "victims." A July report showed that in seven of the ten metro areas with the highest foreclosure rates, Hispanics represented at least one third of the population; in two of those areas - Merced and Salinas-Monterey, Calif. - Hispanics comprised half the population. The amnesty-promoting National Council of La Raza and its Development Fund have received millions in federal funds to "counsel" their constituents on obtaining mortgages with little to no money down; the group almost succeeded in attaching a $10-million earmark for itself in one of the housing bills past this spring...read on
The National Review should be ashamed to print this garbage, but we all know their history on racial issues. This is why Latino voters need to turn out in huge numbers this November.
I'd say more, but Digby spells it out for Michelle.
I guess Malkin has never heard of something called "No Doc" loans which mean No Income, No Asset, No employment Verification. It's got nothing to do with immigration.
And, like most racists, she forgets herself from time to time and forgets to distinguish between illegal immigrants and Mexican Americans. It makes no difference to her, of course, but they are usually a bit more scrupulous in their obfuscation.
The idea that the trillion dollar credit crunch was caused by illegal immigrants is so ludicrous that I can't stop laughing.....This meme is absurd, but it's the only way the conservatives can explain things within their world view. And there's nothing new here. The historical American resistance to government action is historically tied to a reluctance give money to people of color...