Subprime mortgages that went into foreclosure were mostly issued to illegal aliens or exploiting landlords housing illegal aliens. http://www.humanevents.com/article.php?id=33821
The ITIN was the vehicle used by the likes of Countryside, Wachovia, and Bank of America to issue these loans to illegals, knowing they would be selling off these mortgages to others or using them as collateral for the intrinsically corrupt derivatives game.
Let’s face it - illegal aliens are the chosen people for all democrats and establishment Republicans. The effect on the rest of us is of little concern to them as long as they get cheap labor and democrat votes.
Just look at the lineup of Republican candidates - save for Bachman and Santorum, and this week Romney, they are all for amnesty for illegals in some form.
Elections are about choices - about selecting differences. Americans by majorities of 65-85% want illegal immigration stopped and no amnesty of any kind. The Republicans have a winning issue that the majority of voters would support them on, and they are squandering it to get the approvals of the Wall Street Journal, the Chamber of Commerce, Grover Norquist, Karl Rove, and the MSM.
The Tea Party started not as some rant by a CNN stock gadfly, but in 2006-2007 when Bush/McCain/Rove/et ilk tried to jam amnesty down our throats and we melted the switchboards and servers on Capitol Hill.
Now they are again telling us to go to hell. Actually, we will go to our homes, and stay there, when they come looking for us on election day.
That is not punishing anybody. The financiers of RINO-Dems would just as soon rule through D-puppets as through R-puppets.
I'm no Cain cheerleader, but he has never indicated he is for amnesty. And even if someone wants to twist his simple words to indicate he does support it, his tax plan would end this kind of abuse.