Michelle Malkin 9-25-08

" 1877469432218774694322. Toll free number of our car show. One of the one of the great. Great columnists and -- authors and a bloggers. These days is Michelle Malkin and she's got the really good column that you wrote yesterday. Illegal aliens in the mortgage mess and the she talks about how one everybody's been it everybody's been. Named as a culprit here. Regulation deregulation Fannie Mae Freddie Mac community reinvestment act Jimmy Carter Bill Clinton both bushes greedy banks but there's one group that has. Escaped notice just like one group is gave notice in the California budget -- conference it's and it's the same group. Joining us now on the line is Michelle Malcolm thanks for being -- Michelle."

" Thanks for having me back --"

" Willis tell us about illegal aliens -- what what role they have played in this. Fiasco."

" Well I think following these massive. Alien act it's yours how. I think the reason why. -- it indict. All the major parties like now in admit that the bailout and it's not just the ones are the other party saying -- got both parties. Party in Washington -- in the paint and actually here's burgeoning market. They were aliens are aware. And home owner. Plan and and laying in bed with ethnic now our national council rock. On the one hand inadequate. -- heard more frequently as a criticism of a lot of the other minority. Activist Jesse Jackson of the world who work. Using community reinvestment act in -- and Freddie Mac it glued to what they thought. Was some kind of they could go in. -- itself IE minority. Homeowners should not in the habit out -- so you had bank like Wachovia. Wells Fargo bank -- in America I call them now."

" And it fit. This isn't open -- and -- Google are going to do any use the database. Buying these articles on the country wouldn't they were openly advertising. And targeting the illegal alien market and that's normal normal average Americans -- Even possible solution -- federal art -- broke in the -- hearing. But it is it went on the year ended -- over sub prime crisis."

" I -- I I remember hearing about this several years ago that you myself. How could mean how -- in the illegally you -- owned property in the United States of America I mean you know you wore a three -- we have to refinance loan we have approved the worst incidents right. We have to bring it to you that -- you you gotta bring a driver's license to the clothes. Right. Illegal aliens get away with -- when you're -- can't get away it."

" He's well committed. Armed one of them a -- particular -- lark art. Which is the gluten wheat for illegally -- from -- would -- and they need you to cart. I've seen something called an I guy and then individual taxpayer ID number now under current federal -- at -- Those numbers for any other -- they've been used for identification and so these. People would allow them open up bank account. And then he aliens were often use for all buyers by. Me it was. Lenders and it has -- that's exactly and I mean it. I'm really talking about the BI. I was. Reporting on the five year ago. Federal investigators are out at AJ thought. And it involves the minds of -- dog owners and buyers and then that Britney -- how whipping. The FBI. Effort and and -- it is brilliant again mostly from Mexico who will be involved in the and then ultimately eat you know a lot of them are going. Back to their home countries. And then of course the bank and -- in the back and now with the massive bailout who ultimately holding the bag limit."

" Got a mirror that's Lyle was asked governor. Half from all the mortgages to Hispanics are sub prime quarter of all those sub prime loans are in default and foreclosure that's what you wrote yesterday. It's -- It's just amazing I mean did what's what's been going on here that this this is just been a way to rip off the taxpayers and and again. Why don't why isn't this being reported by anybody."

" But you know in the top of the border press which is based on me -- of the law. And."

" And but they're very few people in the White House or in congress. Who have a -- yet the current crisis. Do this --"

" And that's affecting us and quite a copy it if it ever economists out there aren't great. Right. They could put a map okay and they would overlay. Hardest hit areas in had been on foreclosures. Country he would find. Wait a huge not coincidental. Overlap between those areas part of that by four closer."

" And where they'll bargain. Population of them."

" And and in cleared their connections here in hearing more and more from people in the industry. Good -- telling me about it you know mountain of these kind of things that are going on and that -- Kenya no matter. What -- bail out pictures look like because happy ethnic -- like. --"

" Development. The big -- out there."

" And you couldn't get hacked your equity go out and -- more illegal aliens associated credit history nature but they have how does."

" You you say the group almost succeeded in attaching a ten million dollar earmark for itself and one of the housing bills passed this spring so -- trying to bail out on one hand they're trying to bail out the housing industry but they're giving money to -- rate or -- which is going out and searching out illegal aliens who wore a disproportionate. Part of the problem."

" Yeah it really it's."

" As we're going to be spending all the money over to the bank to believe them -- their toxic debt. And they turnaround and there are you know being to go out and find the market an and and -- getting a lot of pressure QI mean. In runway as they age so a lot of of the blame but they've been now out and they are. -- there are being. Go to that private and -- here it wants them."

" Purely to -- some some agencies in the federal government by have been warning banks that they can ask for these old fashioned. It's standards like income verification. And -- job verification and all that sort of thing right. Because it is yet it's discriminate. It -- and welfare as a as an income I love it welfare."

" It. -- it."

" financially. It is and I. Our lots of the appropriations bill particularly high."

" Whereas the Bush Administration unfortunately had been very responsible for helping children out it was all for us. Point the finger in Carter and Oakland."

" Typical rate monitors and great candor. But under Arafat would not Jackson -- thankfully -- down a couple."

" it. The -- But the what."

" that's one reason I think Michelle why he didn't seem that excited about last night about the when he was delivering his his thirteen minute address you know because he's he's in to ease into the thank you -- take a few phone calls from people want to ask you questions about this thing 1870. Michelle still there. We loser who was Michelle. One you there are you still there Michelle. We never back I'll I'll hold on everybody will be 21 caller if you want to call and speak to Michelle lot. Ask her question give us -- call 1877469432218774694322. There's one villain that is slipped notice says Michelle and her column in the earlier post yesterday how we illegal immigration crime enabling banks and open borders bush policies for fueled the mortgage crisis. It's no coincidence that he the areas hardest hit by the foreclosure wave. Loudon county Virginia California's inland empire Stockton and San Joaquin valley in Las Vegas and Phoenix also happened to be some of the nation's largest illegal aliens sanctuaries. Okay we gotta get you back Michelle. I'm sorry okay good to what will take some calls for Michelle Malcolm on this illegal aliens in the mortgage mess -- you're next with our -- Michelle Malkin go ahead Debbie."

" Common habit to break up but a lot of -- tight angle cock at the cultural differences changed. And you don't have to verify is that the income. Because it's a concert -- money ain't that bad I would go to Iraq I -- show actually get it right like you'll continue to get the money but because that culture. They hide money they don't have to admit that getting the money which is ridiculous."

" Michelle you familiar with that that disarmament."

" Yeah. -- eat out now you know what -- is a whole bunch of family and contribute. Contribute to that. And then there's also of of deception and and layering of of the paperwork. And people noticed that and that and a lot of neighborhoods where there as quickly ancient -- And you know it's if it's -- back in the backside. So many ways. Lot of places whether foreclosures we're -- and that's why. Smugglers and coyotes know that there. There there's nobody going to becoming rather than the band out there -- now and now they're using and the drop houses were Michael Wheatley lily."

" What a mess. Thanks for the call Debbie JT your next with how we card Michelle Malkin go ahead JK."

" I make out he went bankrupt and its. If I'm I'm -- about the issue but I wanna puberty new development. About be up PR guy -- probably be Obama camp and they are I'm lying. Which are out there they would attack yet."

" And realistic. About -- and and number of rockers over the weekend. Do. -- and type in near -- that was uploaded to YouTube. You APR professionals who. I mean they're at least circumstantially. Linked to. People who have worked for the Obama. Pain and the latest that I understand is that. If he thought that pajamas media dot. Which I also work well. Some a writer there who has that -- even more. Insisting ties the guy -- uploaded the video and and how we basically to add. Continues the near at your hand and that she's an alum member of eight. Option group and it."

" Story was put to read that -- the New York Times tried to promote his -- then they tracked it yet but finally."

" Right but maybe I am sure that your going on -- life."

" What about the Alcee Hastings did you like that -- today -- Carl -- LC and no one no one points out that Alcee Hastings was impeached by the house and convicted by the Senate when he was a federal judge. For take it take for having a bag man basic allegedly -- to take payoffs from from an FBI agent. Were masquerading as a mobster who in fact turned out to be a mobster to begin with I mean this to the story has so many twists and turns and nobody even talks about it."

" Right it it's wonderful how were very Democrat that your co -- it read it automatically like watts like that and then in."

" Read the kind of -- that brad at that meeting of -- When you're abject it's great now."

" Yeah I don't -- Barney frank you know you give the Kim mentioned no one spoke to mention hot bottom anymore you know that's off the table food and thanks for thanks for the call JT rob your next with how we -- Michelle Malkin go ahead and rob."

" Yes I Alison -- from Vermont -- adversity chapel world basically. Listen yeah."

" How old -- always how how Bernie Sanders surcharge -- a law he wants an utter. All the people who didn't all the people who didn't commit crimes in this mass will have to pay a surcharge to bail out everybody who did. You -- this Michelle that was it that's Bernie Sanders solution to problem."

" Yet it is -- your dog -- Margaret today as saying that the rich are going to -- this fiasco the threats are going to do it the other wrestlers. Minor I have to worry but up here we get this refugee program. And because I'm not that few weeks ago one of the local TV stations that Vermont's population -- decline had it not been for the influx of thousands of refugees."

" Station. Thanks for the call rob 18774694322. -- your next with how we card Michelle Malkin go ahead they don't want it."

" Research report. I just want to know what the congressmen and two presidential candidates. Could be found out -- have. Benefited and pocketed by the the president. Stock market and sub prime -- down. And if that's research part you were arrested him."

" Well -- I've done plenty of blogging on -- site. About a lot of the cozy relationship that leading politicians in both party at. With the banking industry would be more like and of course. Alley with anime writing all these cronies you know capitalist. And obviously more hypocritical of them. Republicans. Opposite and that I think yeah. In the quarters as well. He has is if that's."

" Well at least Nancy Pelosi and John Kerry both took a bath on their AIG's stock."

" I'm compilation. Yeah."

" A silver lining to an extremely dark cloud makes -- rich your next with Howie Carr and Michelle Malkin go ahead rich."

" Alley I just wanted to mention to in this state you know we've had a lot of problems metro west with the certain communities where they. -- able to buy these homes multi illegally at a turn and basically in order to like keep the keep the payments don't they have the tournaments it. People thirty people there. Airmen were rooming house and it's just devastated and it without. Yeah that that that's exactly and I was talking about a couple of minutes minutes ago and we've seen it all up and down east coast. Out."

" Virginia. A bigger -- Michelle. -- anything Michelle's cellphone is -- now again she began Steve do you bring it back their 18 so we'll take a couple more calls from Michelle before we you know move on. 187746943224. Lobsters have also engaged in house flipping rings using illegal aliens -- star. -- buyers among many examples the FBI cites a conspiracy in Las Vegas involving a former Nevada first residential mortgage company branch manager who directed loan officers and processors in the origination of 233 fraudulent FHA loans valued at over 25000009. FHA that's Barney frank thinks they can solve the entire from the federal housing authority. To do for errors made in submitted false employment and income documentation for borrowers most were illegal aliens from Mexico. To date the FBI reported quote. 58 loans with a total value of six point two million dollars of -- gone into default with a loss to the housing and urban development department of over one point nine million dollars. 1877469432. To your back Michelle."

" You know open border lobby but it inspiring people."

" I don't know -- people people are going to get the message one way or army doesn't affect. Thanks for the call rich Jack you're next with how we car and Michelle Malkin go ahead Jack."

" We understand. Mike you haven't really -- What date an account executive. For a top twenty lender. And my job was to go to mortgage companies in you know introduce our products and sell our products and we work. Primary. Primarily in -- AJ. Lender and you know we were complete dinosaur industry. You know 45 years ago and when -- sub prime loans were were so hot and heavy but. I would still being too. You know inner city Boston as some of these mortgage companies and the first thing out of these predominantly. Latino. Law officers would be do you have an IT and program and you know what shelled touched on earlier what they were actually lenders. That we're we're selling houses on the -- Shiite and numbers like she said it's not just car loans it wasn't just getting. Checking accounts people were buying houses as illegal aliens. With these. Numbers and you know if you PC with a frog is like -- at PGA. Right now the reason why people weren't using FHA loans. In -- in predominance to three or five years ago was because the sub prime loans. We're so ridiculously. Blown out in favor of of fraudulent underwriting and are fraudulent loan origination. It FA -- it was like this complete -- so why use an athlete chaebol. Now you know we're seeing fraught with that they HH he couldn't imagine what it was like."

" They keep up with the joneses."

" No question and that's why any day Freddie Mac and abroad that are in right now I think they were supposed to be standard -- but what happened was. All this all Wall Street characters -- court cook up these. Crazy laws and Anna Mae Freddie Mac sitting at Portland. We're losing support share of the marketplace here we start come up some crazy all state loans."

" Yeah -- and Michelle they you know this is and now we're stuck with the tab here and and Barack Obama who's getting volumes. You know fat with this Freddie and -- money is is blaming wall is blaming Republicans."

" Yeah yeah I eat it your your caller is with bet on it up and like that aren't like them Tanya Alley it really used to it but I heard. Chicken cut our common home conclude the fact that in my column and we're going to end up paying for it it's just another. He didn't cost in consequence. Lax immigration enforcement and the."

" Michelle thanks for -- on short notice we appreciated and please join us again and keep -- stuff and keep that -- goal and it's it's a great great blog Michelle Malkin dot com thank you. 18774694322. On how are."