To ARMs

You write: "I guess our racist government passed laws requiring banks and other institutions give these people loans. And thus these loans were put under the requirements of “ARMs” (Adjustable Rate Mortgage)."

Really, you guessed that? What laws are those? The government required banks to give ARM loans? Really?

You obviously know absolutely nothing about the current mortgage crisis. Naturally, that does not stop you from spouting off about it. If you would take the trouble to actually learn something about the current state of affairs, you would discover that it was actually unscrupulous lenders who pushed these loans on any warm body who wanted a house, including a large number of mortage "flippers", so that they could repackage those mortgages and sell them to investment groups for large profits.

Now, let me do a little guessing of my own. Hmmmm... were those predatory lenders and/or the mortgage flippers who took out a substantial number of these loans illegal immigrants? I am guessing no.