A CA Hispanic Names Another Minority Mortgage Meltdown Culprit—Sen. Mel Martinez


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10/11/08 Saturday Forum:
An Illinois Reader Says Non-English Speaking Immigrants
Should Not Qualify For Mortgages; etc.

From:
Haydee Pavia (e-mail
her)

Re: Steve
Sailer`s Column:

Karl Rove—Architect Of The Minority Mortgage Meltdown

Sailer wrote:

"There`s
one man [
Karl
Rove
],
however, who has so far escaped any blame. Few have
realized something that turns out to have been staring
us in the face all along: that the mortgage mess was, in
sizable measure, an outgrowth of the

primary political goal

of the Bush Administration."

At
the end of 2002, I was asked to translate from Spanish
to English an article that appeared in a

Spanish language
newspaper reporting on a meeting that took place at a
Catholic Church
in 
Charlotte,
NC.

The
guest speaker was


Mel Martinez
,
then-Secretary of

Housing and Urban Development
.



Martinez
, speaking in Spanish, told the audience
that he was there on behalf of a government program (HUD)
that would make it possible for poor people to purchase
homes. 

Freddie Mac
was also represented to offer

mortgage loans.

"On June 24, 2002, Housing and Urban Development
Secretary Mel Martinez hosted a

bilingual
`Houses Without Barriers` Town Hall
Meeting at

Our Lady of Guadalupe
Church in Charlotte, North
Carolina, to explain President Bush`s initiative to
expand homeownership among minority families. The
Secretary said that more Americans, particularly
minorities, should have the opportunity to share in the
American Dream of homeownership.

Secretary Martinez cited several

Bush Administration initiatives
including (1) the

American Dream Downpayment Fund,
aimed at helping
40,000 families each year with down payment cost, the
most common barrier to minority homeownership; (2) a tax
credit for builders of single-family homes; and (3) a
housing counseling program to help families through the
home buying process and to educate them against
unscrupulous lenders. " 
[HUD
Secretary Reaches Out to Minorities
,
HUD Press
Release ]


I knew then that
America

was in serious trouble and that someday taxpayers would
end up footing the bill for these bad loans.


Although I am not an economist,

common sense dictates that
loans to people who normally would not qualify would
eventually be a disaster.


Most likely

Karl Rove
and

George W. Bush
were hoping to get an edge for the
GOP in its quest for the Hispanic vote.


But I am an

American citizen
of

Hispanic heritage
and believe me, my vote would never go to someone who
panders to illegal aliens. Where did Rove get the notion
that law abiding Hispanic citizens are pro-illegal
immigration?


On the contrary, American Hispanics

have to compete with illegal aliens
for jobs. Wage
and work standards have been lowered to cater to cheap
alien labor.


What`s more, some American
Hispanics are

discriminated against
at work because they speak
little or no Spanish!

The
list is long on why American Hispanics want to deport
illegal aliens.


Pavia
,
a third-generation American born and raised in
Lima

Peru,
wrote previously in support of patriotic immigration
reform

here
. Her other criticisms of illegal immigration
are reported in
Joe
Guzzardi`s
2004 column,



Patriotic Hispanics
.