La Raza Offering Taxpayer Money For Mortgages

Jim Kouri's photo

Jim Kouri

, Law Enforcement Examiner

July 12, 2011


One of President Barack Obama’s favorite organizations, La Raza (The Race), has teamed up with a federal agency to promote one of the administration’s many government cash giveaways with Spanish ads encouraging Latinos –including legal and illegal immigrants — to apply for U.S. taxpayer dollars to pay for housing.
The new campaign warns Hispanics that time is running out to get up to $50,000.00 from Uncle Sam to pay their mortgage, past due charges, taxes, insurance and even legal fees associated with their home. The money is being disbursed by the Department of Housing and Urban Development (HUD) as part of a billion-dollar Emergency Homeowner Loan Program (EHLP), according to a public-interest group that investigates and prosecutes government corruption.
In 2008 the agency revealed that some 5 million fraudulent or defaulted home mortgages were in the hands of illegal immigrants, who obtained the loans from banks that were pressured by the government to offer them, according to a Judicial Watch report.
In fact, the agency in charge of preserving and promoting public confidence in the nation’s financial system, the Federal Deposit Insurance Corporation (FDIC), began pushing banks to offer services to illegal aliens years earlier and many still do today.
In addition, the Federal Reserve Bank allows Mexican illegal aliens to electronically transfer funds from the United States to Mexico.
It’s logical to assume that the involvement of the nation’s most powerful open borders group, the National Council of La Raza (NCLR), in promoting government-funded mortgage aid is geared, at least in part, towards undocumented immigrants. The EHLP expired but recently got extended amid record-high unemployment to help people keep their homes.
The NCLR, which has seen its federal funding skyrocket since one of its top officials got a job in Obama’s White House, wants to make sure Latinos get a piece of the pie. This week it launched a Spanish-language public service campaign to highlight the program’s “fast-approaching” deadline.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: