Open Letter to Senators Boxer & Feinsten: Mortgage Loans to Illegal Aliens
By: John Lillpop
October 9, 2008
Senator Barbara Boxer
Senator Diane Feinstein
United States Senate
As the awful economic crisis continues to imperil our great nation even after passage of the $825 billion bail out, more details are emerging with respect to lending practices that are partially, and perhaps largely, responsible for this dangerous predicament.
For example, as an American citizen and long term resident of California, I am highly distressed to learn that a significant number of mortgage loans were granted to illegal aliens, people who have no legal basis for being in America.
Senators, millions of American citizens just like me are outraged that not only has our federal government failed to keep foreigners from invading our nation to begin with, but has actually worked to make it possible for invaders to purchase homes.
Federal policies that encourage, rather than discourage, illegal aliens with financial perks such as mortgage loans, are not in the best interests of your lawful constituents, that being American citizens.
Besides being morally repugnant and illegal, making mortgage funds available to invading aliens reduces the amount of money that can be extended to American citizens in their quest for adequate housing.
In addition, illegal aliens artificially inflate the demand for housing; thereby contributing to the run away escalation of housing prices and creation of the real estate bubble, the one that has finally burst.
Prudent government policies should dictate that mortgage loans be granted only to those here legally, and who have good credit, adequate income, and stable employment.
By definition, illegal aliens are always subject to detection and deportation and, as such, are highly unstable. That makes them more likely to default on mortgage loans.
Again, financial pressures exerted on behalf of illegal aliens have a deleterious impact on the ability of American citizens to realize and sustain the American Dream.
Should it not be the official policy of the United States government to help citizens, rather than illegal aliens, peruse the American Dream?
Senators, this issue will surely continue to engage the American public in the months ahead. I know that both of you have supported amnesty for illegal aliens in the past.
In view of the damage that has been inflicted on our economy, I humbly ask each of you to reconsider the issue, and ask that you do so with the best interests of American citizens first and foremost in your minds.
Thank you for your consideration.
John W. Lillpop
San Jose, CA