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Political Factoid
Once again the politicians in 2011
wanted to bail out the banks
... this time with visas for
wealthy immigrants.
The Republican Congress
proposed to offer VISAs
to wealthy immigrants who
will buy homes in the U.S.
This would:
- Reduce the pressure for the banks
to have to take "write-downs" on
home mortgages or be saddled
with so many foreclosed homes.
- Raise home prices such that the
American middle class families
cannot afford them.
- Demonstrate to the world, class bias
in American immigration quotas.
- Perpetuate the division between
the haves and the have-nots.
Money talks ... in any language.
cf.
3187,
Have and Have Not
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