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Old 12-01-2008, 01:48 PM
 
7,020 posts, read 10,127,167 times
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If you thought the sub-prime collapse was a disaster just wait until there's the full shakeout of the consequences of giving loans to illegal aliens. Those same companies that thought it was a good idea to give unknown persons who are illegally in the country loans are the same type of companies that gave them credit cards. These companies now find it simply shocking that someone who could be caught and deported may not pay back the money they took and used.
Like I said, if you thought that was a mess then just wait. Credit card companies, yes the same ones that charge an extortionist and lone shark rate of near 30% interest, are now crying for a bailout. This will continue on as there are loans you are not even thinking of that these "fine" institutions have granted to those with fraudulent documents.



Credit Card Companies Who Gave Illegals Credit Cards Now Looking For Bailout : Diggers Realm
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Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Illegal Immigration
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