Posted on 07/24/2011 7:54:14 AM PDT by pabianice
A large ‘model minority’ here in NJ which is big on this scam is the Indians. >>>>>>
How come I am not surprised?
They know how to work the system to the max. Get all kinds of SBA loan preferences. One scam is to get SBA loan to buy a motel then sell it to a relative (who takes out SBA loan) in a few years at an inflated price. This is done 4-5 times then the last buyer skips on the SBA loan, back to India. This scam worked better when real estate prices were always going up.
The scamming “communities” are always exchanging tips and updates on how get free Federal and state dollars, subsidies and services. You and your wife are illegal aliens? Well you can get into subsidized public housing via your anchor babies. Get food stamps via them too
This is one area that our ‘illustrious’ leaders should be concentrating on regarding cutting costs.
Anchor babies, illegal aliens, brand new immigrants, and their respective extended families cost US taxpayers on the federal, state, and city level hundreds of billions per year!
Interesting, a variation on the bubble of the ‘ownership society’ during which illegals got ‘liar’s loans’.
Actually I’m surprised that grants, not loans, weren’t given out because of their downtrodden minority status.
Our dear leaders have the delusion that we're NOT broke... Shame on them.
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