When Obama's in the lead markets everywhere crash. 74% of CEO's say Obama would be disastrous

[citation needed]

Well...here's such a report, from KFYI:
http://kfyi.com/pages/local_news.html?feed=118695&article=4364653

One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.

Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.

It's not known how many of those have contributed to the subprime housing mortgage meltdown, but it has affected every state, including Arizona.

The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification. As a result, illegal immigrants were able to obtain home mortgages which they could not afford.

What would such added homes be used for? Any number of things. Added collateral, for one things. Fr another, well, let me ask you; Have you ever heard of a "Coyote home'?

The obvious implication here is we're just scratching the surface of the illegals problem, and it's impact.

It really is sad how few conservatives(hell people in general) think about 'facts' told to them.

The idea that 50% of the poorest and most mobile people in the country own houses seems ridiculous and rings as untrue. Am I the only one finding that insanely hard to believe?

Insanely hard to believe is an understatement. That's a mortgage for every other illegal immigrant, meaning each individual has a house somewhere. Not family, indvidual.

The fallacy here was listening to Bithead. Stick around a little longer - you'll not make that mistake more than a couple times (unless you fancy bashing your head into a wall, which is a marginally smarter and more productive activity).

You're quibbling over whether it is 5 or 6 million?

No, that's not where I was going. I find the idea that roughly 1 in 2 of all illegal immigrants own a home. The idea that 50% of the poorest and most mobile people in the country own houses seems ridiculous and rings as untrue. Am I the only one finding that insanely hard to believe?

5 million mortgages to illegals? I thought the count of illegal aliens was approximated at 12 mil. The HUD report claims that half of them have home mortgages...that doesn't sound right, one of those two numbers must be incorrect.

You're quibbling over whether it is 5 or 6 million?

To add, though, at least we haven't lost as badly as the Japanese Nikkei. The Nikkei has lost nearly 20% of its value in two days.

Well, that's the interesting part of all of this; Relative to the rest, the dollar has been getting stronger the whole time.

Are you aware that something like 5 million fruadulant loans are currently held by illegal aliens, accoring to a HUD report out this monring?

Just out of curiosity, how many of those 5 million have gone bad?