Money Sent Back to Mexico Falls by 18%
Next month, Mexico applies for bailout money…. (Just joking… I think.)
April remittances fell to $1.78 billion from $2.19 billion, according to the bank. It said the U.S. recession has hurt migrants in the United States, while fewer Mexicans are heading north because of a lack of jobs and a crackdown on illegal immigration.
Categories: Global Idiocy, Invading Illegals, Politics & Government Tags: bailout, illegal immigration, mexico
It’s Personal Responsibility, Stupid
Too bad that liberals will never understand why… Homeowners who should never have received a mortgage are re-defaulting, even after having their loan terms renegotiated. Meanwhile, to “bail out” the homeowner in this economic downturn the Congress is considering…. buying and renegotiating loans for homeowners nearing or in default. Go figure.
“The results, I confess, were somewhat surprising, and not in a good way,” said John Dugan, head of the U.S. Office of the Comptroller of the Currency, in prepared remarks for a U.S. housing forum.
“Put simply, it shows that over half of mortgage modifications seemed not to be working after six months,” he said.
Michelle Malkin » Duh of the day: Give bad loan risks more money, get same result
Categories: Loony Left, National, Personal Responsibility Tags: bailout, homeowners re-defaulting, john dugan, mortgage crisis
