Illegal Aliens Caused The Banking Crisis

Per Michelle Malkin, it seems that Wachovia is posting $8.9 billion in quarterly losses because it partnered last year with La Raza to offer counseling in Latino communities on homeownership and community-development efforts:

Perhaps if the company had spent more time making sound business decisions and less time pandering to the National Council of La Raza/The Race and chasing the open-borders market, it wouldn’t be in as deep a hole as it is today.

In other news, young conservatives are worried about the intellectual poverty of their movement leadership.

Can’t imagine why.

Related posts:

1. Pecora in Perspective: Investment Banking, Commercial Banking, and Glass-Steagall
2. No Green Shoots in CA’s Banking Compost Heap
3. Late Night: Maybe One Sign Your Intellectual Movement Is in Trouble Is You Have to Keep Asking If It Exists, Or, Festoon Me, Won’t You?
4. Memo to Dems: Rahm, Not Hippies, Caused 1994 Debacle
5. David Kris: Our Only Military Commission Convictions May be Illegal