Apathy Curve: Affordable Alien Abodes

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Tuesday, March 14, 2006

Affordable Alien Abodes

Citibank appears to believe that principles are something you scrape off the bottom of your shoe. They're giving illegal aliens below-market, no-risk loans to buy homes in one of the most expensive markets in the United States, where a large percentage of hard-working American citizens can't even afford a down-payment:

As Chuck Lemoine, a senior vice president at Wells Fargo said, "It’s not only the right thing to do, it’s good business."

It seems that Mr. Lemoine and I have radically different definitions of the phrase, "the right thing to do."

(Hat-tip to Rusty C.)

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