Amnesty smells like Money!

The following list is taken from today's Stock Market . . .
Biggest Losers today alone!

NEW CENTURY FINANCIAL $1.65 - Down $1.56

Note: To think that New Century Financial was worth about
$35.00 a share less than a month ago.

Their investors are: http://finance.yahoo.com/q/mh?s=NEW

FREMONT GENERAL CORP $6.73 - Down $1.30

NOVASTAR FINANCIAL INC $4.20 - Down $1.00

HOMEBANC CORP $2.21 - Down $.39

IMPAC MORTGAGE HLD $5.01 - Down $.30

HANOVER CAPITAL MTG $4.27 - Down $.52

The common words I find in reading the profiles of these lenders
is "sub-prime" and that used in describing their home mortgage
target markets.

Yes, loans to those people who wouldn't otherwise obtain a home loan from a traditional source due to irregularities.

Irregularities such as the customers being Illegal Aliens.

What GW and congress is trying desperately to do is find a way that will allow all the Illegal Aliens to re-qualify for 'traditional home loans' that will allow some to benefit from Federal Guarantee and discounted loan programs by removing them from "Irregular Status."

Amnesty is the key word.

This will keep the Illegal Aliens from losing their homes because
of extremely high loan rates and STOP Mortgage Lenders from
losing their money.

Legal citizens get screwed, as there is Unearned Income to be made here!