Tom Tancredo: Immigration Caused the Subprime Crash

Tom Tancredo is a certified douchebag.

In fact, until very recently, they did not certify douchebags in any way. Millions of douchebags were imported every year, many from China, without any kind of oversight. But once Tom Tancredo decided to take up the anti-immigration clause, it quickly became apparent to all concerned that someone needed to look more closely into the douchebag market to make sure such things do not happen again: Tancredo talks immigration

Open borders and the illegal immigration they allow erodes the United States’ sovereignty, security and culture, he said. The millions of immigrants moving here illegally and not being assimilated into our culture, he said, are an attack on the country’s cultural mores. It also leads to higher crime rates and even to the sub-prime mortgage crises, he said.

I see. The problem is not predatory lending. The problem isn’t that the mortgage market became so lucrative that “feeding the beast” new mortgages became more important than making sure those mortgages could be paid. The problem was illegal immigrants who couldn’t even apply for a mortgage. . . .

Like I said, douchebag.

By Tommy Belknap

Owner, developer, editor of DragonFlyEye.Net, Tom Belknap is also a freelance journalist for The 585 lifestyle magazine. He lives in the Rochester area with his wife and son.