General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWarren at National Council of La Raza: “We have to get louder, and we have to get louder together”
LOS ANGELES Sen. Elizabeth Warren talked about the need to revive immigration legislative action but did not address the surge of unaccompanied children at the border, speaking at the National Council of La Raza (NCLR) convention in Los Angeles Sunday.
I truly believe America is with us on this, we just have to push Washington, Warren, a Democrat from Massachusetts, said during a presentation on Latinos and the economy.
Warren told the crowd an immigration overhaul is powerfully important for everyone because it could be a key to alleviating some of the nations most pressing economic concerns, such as stabilizing social security.
We want to have social security? Warren asked. Bring more workers and bring more people out of the shadow economy and into the fully paid economy where everything is above the table, she said.
Warren also spoke about the subprime mortgage crisis and student loan debt, two issues that hit especially close to home for many Latinos . . .
read: http://www.buzzfeed.com/juangastelum/elizabeth-warren-says-immigration-reform-not-only-up-to-lati
from HuffPo:
Starting in the late 1990s, mortgage lenders out to make a fast buck targeted African-American families and Latino families, selling them some of the worst mortgages out there, Warren said. In fact, by 2006 a Latino family earning $200,000 a year was more likely to end up with a high-cost, high-risk subprime mortgage then a non-Latino family earning $30,000 a year. Think about what that kind of targeting meant. Across this country, Latino families were robbed by people wearing white shirts and big smiles, while regulators looked the other way.
. . . In a short sit-down Q&A afterward, Monica C. Lozano, chairwoman of the board of U.S. Hispanic Media Inc., asked the senator more about her thoughts on immigration and specifically arguments that immigration reform could help the U.S. economy.
One of the things we can talk about, for example, and there are many arguments around this, is Social Security. We want to save Social Security? Warren asked. One of the ways we can save Social Security is to pass comprehensive immigration reform. Bring more workers and bring more people out of the shadow economy and into the fully paid economy where everything is above the table.
We just have to get louder, and we have to get louder together, she continued. It is not simply the responsibility of the Latino community to push immigration reform.
read more: http://www.huffingtonpost.com/2014/07/21/elizabeth-warren-immigration-reform_n_5606523.html?utm_hp_ref=politics&ir=Politics
Pharaoh
(8,209 posts)Is this a typo or did I miss something?
bigtree
(86,005 posts). . . a Latino family earning $30,000 a year was more likely to end up with a high-cost, high-risk subprime mortgage then a non-Latino family earning $200,000 a year.
damn, now I need a transcript . . .
BainsBane
(53,072 posts)The fact they were given subprime loans despite qualifying for standard loans at better rates.