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In a past life, I helped with the database integration of one of the first commercially successful neural net credit card fraud detection systems. I learned a lot there about how fraud artists think and operate.
I wonder what percent of the mortgage equity loans were sent south of
the border as remittances prior to default and foreclosure?
What just happened?
How did eight years of a supposedly "conservative" Administration get us to this point where the country feels like a tapped out Vegas binge gambler ejected from the plush casino into the harsh mid-morning light without even cabfare in his pocket?
We have a general framework for explaining it: Invade the World / Invite the World / In Hock to the World.
A major goal of the Obama Administration will be to keep millions of illegal immigrants from going home, which would deprive the Democratic Party of large numbers of votes in coming decades from them (after they are put on "the path to citizenship") and, more importantly, their American-born (and thus birthright citizen) children. Spending hundreds of billions of the taxpayers' dollars to keep illegal immigrant construction workers previously employed putting up unneeded McMansions in exurban Las Vegas from leaving the U.S.
Here is an informative June 24, 2002 article from Realty Times about Bush's plan to increase minority homeownership by 5.5 million households. This trade journal emphasized six years ago that the core of Bush's plan was raising the minority/low income quotas for Fannie Mae and Freddie Mac mortgage activity by a total of $440 billion. This is the kind of thing that gets lost in time because there's no partisan point to remembering it.
In an essay entitled "Never Forget. You're Reminded" in today's New York Times, film critic A.O. Scott cautiously raises the question of why there will be, once again, so many Holocaust-related movies opening during the upcoming Academy Awards season:
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11/23/08 - A Florida Reader Says Miami Mayor Manny Diaz No Prize For Obama's Cabinet
From:
Don Reynolds (e-mail
him)