http://www.signonsandiego.com/uniontrib/20060206/news_1n6loans.html Citibank gave loans to undocumented immigrants. I wonder how many of them are still paying back the loans. This company deserves to go under.
arms are what killed wm... here in california bac and wm were huge in giving out arms to anybody with a heartbeat. ...but i read somewhere that in fact undocumented people are defaulting the least. I know an undocumented dishwasher who got a 550k,no money down mortgage on a house that is now worth half.That pretty much sums up this whole economic implosion.
A few days ago I heard Robert Rubin was trying to get a position with the new administration, possibly as the Treasury secretary. In fact, he was John Kerry's top choice back in 2004. I am glad that moron wasn't selected. Citibank can thank him for his excellent leadership.