4Horsemen
Senior Member
- Oct 9, 2012
- 1,205
- 116
- 48
I think so. and here's why....
It appears that people don't want to include the foreignors who come to America in droves as also helping to crash the economy. It's almost as if people exclude them and only point out Blacks and Whites as the ones being the reason for the crisis.
Has anyone ever thought about the billions of dollars funnelled OUT of America headed back to their homeland? I mean It's not like they don't send money home, they do. LOTS of it. some send it to their families, some send it home to build a home back home so they can get ready to vacate the one they bought(with American dollars) in America.
WHY is everytime there's a sound bite on TV, they splash up a poor white family or a poor black family and then run the story as if it's only us Americans that are the ones running up credit cards, loan debts, economy crashing, etc...
WHY is it, you NEVER seen a Asian family or a Hindu family behind these stories?
They are just as bad with managing money as some of our American counterparts but they seem to get a pass, leave the country, and are long gone.
Creditors can only write them off as bad debt because they can't track them down in Turkey or Japan, and thus force the Gov't to pay for it by passing on the debt to Americans.
WHY are there never stories on this as part of the reason of the financial struggles the American Econoomy faces?
FYI - I passed a closed down curb store on my way to work, which was once owned by an Arab. now it's an eyesore in the community since he vacated it and left a lot of junk in front and behind the building.
Soooo.....
WHY are these stories not being splashed on CNN. ???
I drove through an afffluent neighborhood with homes $300K and above the other day after searching homes for sale, forclosures, etc. the list was impressive. some of the areas were gated and some were not. some of the ones that were not behind gates, I called on and found out the previous owners were either from Pakistan or India or Japan and when I asked why they are selling, I got answers like "they decided to move back to Pakistan" aka they vacated it or used it as an investment property and now dumping it... or "It was a foresclosure and the guy moved back to Japan" or something.
oh yes, it happens. a LOT. but you won't see these stories on TV. and you never will. the spin is make sure you all understand that it's YOUR FAULT that the American real estate loan, banker bailout loans, etc...is all YOUR FAULT. when that's a gross lie.
It's a MYTH that ALL foreigners come to America saddled with cash to spend. NO, that's a llie.
a LOT of them move to America DEAD BROKE, and are afforded the priviledge of wht I like to call
Banker Favoristism. and a LOT of them are just as bad with managing money as some Americans are (not including me), and they default on these home loans, car loans, business loans, just the same. ONLYDIFFERENCE IS...when they apply for their loan it looks like this compared to YOU applying for one:
Foreigners= $600k home loan, $250K business loan, and $50K car loan(all within 30 days in most cases)
YOU and me = can barely can get a $10k signature loan without putting up a car and your house...lol
It's the act of Banks loaning money to foreignors at higher rates and percentages than our own citizens.
Banker Favoritism. don't think it doesn't exist. it does. and YOU, the taxpayer, foot the bill.
I would argue the loan ratio American citizen vs Foreigner is 5:1 in 2012
read and discuss.
It appears that people don't want to include the foreignors who come to America in droves as also helping to crash the economy. It's almost as if people exclude them and only point out Blacks and Whites as the ones being the reason for the crisis.
Has anyone ever thought about the billions of dollars funnelled OUT of America headed back to their homeland? I mean It's not like they don't send money home, they do. LOTS of it. some send it to their families, some send it home to build a home back home so they can get ready to vacate the one they bought(with American dollars) in America.
WHY is everytime there's a sound bite on TV, they splash up a poor white family or a poor black family and then run the story as if it's only us Americans that are the ones running up credit cards, loan debts, economy crashing, etc...
WHY is it, you NEVER seen a Asian family or a Hindu family behind these stories?
They are just as bad with managing money as some of our American counterparts but they seem to get a pass, leave the country, and are long gone.
Creditors can only write them off as bad debt because they can't track them down in Turkey or Japan, and thus force the Gov't to pay for it by passing on the debt to Americans.
WHY are there never stories on this as part of the reason of the financial struggles the American Econoomy faces?
FYI - I passed a closed down curb store on my way to work, which was once owned by an Arab. now it's an eyesore in the community since he vacated it and left a lot of junk in front and behind the building.
Soooo.....
WHY are these stories not being splashed on CNN. ???
I drove through an afffluent neighborhood with homes $300K and above the other day after searching homes for sale, forclosures, etc. the list was impressive. some of the areas were gated and some were not. some of the ones that were not behind gates, I called on and found out the previous owners were either from Pakistan or India or Japan and when I asked why they are selling, I got answers like "they decided to move back to Pakistan" aka they vacated it or used it as an investment property and now dumping it... or "It was a foresclosure and the guy moved back to Japan" or something.
oh yes, it happens. a LOT. but you won't see these stories on TV. and you never will. the spin is make sure you all understand that it's YOUR FAULT that the American real estate loan, banker bailout loans, etc...is all YOUR FAULT. when that's a gross lie.
It's a MYTH that ALL foreigners come to America saddled with cash to spend. NO, that's a llie.
a LOT of them move to America DEAD BROKE, and are afforded the priviledge of wht I like to call
Banker Favoristism. and a LOT of them are just as bad with managing money as some Americans are (not including me), and they default on these home loans, car loans, business loans, just the same. ONLYDIFFERENCE IS...when they apply for their loan it looks like this compared to YOU applying for one:
Foreigners= $600k home loan, $250K business loan, and $50K car loan(all within 30 days in most cases)
YOU and me = can barely can get a $10k signature loan without putting up a car and your house...lol
It's the act of Banks loaning money to foreignors at higher rates and percentages than our own citizens.
Banker Favoritism. don't think it doesn't exist. it does. and YOU, the taxpayer, foot the bill.
I would argue the loan ratio American citizen vs Foreigner is 5:1 in 2012
read and discuss.
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