Thursday, December 27, 2007

Fox News Encourages Illegal Aliens



Dear Fox News,

Aren’t you contributing to the mortgage crisis by accepting teaser rate mortgage loan ads on your web site? This is what started the financial crisis in the first place.

The heading says Mortgage Rates for 4.65%. The actual APR is over 7.75% with a possible 1% increase every six months. A real bargain? I calulate that is an actual 66.7% over the rate in the headline. (7.75-4.65=3.1 then 3.1/4.65=66.7)

It is this type of dishonest advertising that has contributed to the housing market decline and the highest foreclosure rates since the depression. You are just as culpable as the dishonest lender by aiding and abetting when you allow bait and switch headlines like this.

Notice also the copy says no SSN required. This means that this organization is also promoting illegal alien loans. Your FOX hosts rail against illegal aliens, yet you accept ads that appear to be encouraging them. This is a bit hypocritical don’t you think?


URL: http://www.foxnews.com/story/0,2933,318446,00.html

Actual Ad:
Mortgage Rates at 4. 65%
$170,000 loan for $656/month. See New Payment - No SSN Rqd. Save Now!
Refinance.LeadSteps.com

Ed McCormick


Dear FNC Viewer,

As you can imagine, we receive thousands of messages a day from our viewers, and while we appreciate you taking the time to provide feedback, we cannot respond to every question or comment directly. Please know that your e-mails are read and your comments are taken into consideration and thank you for watching FNC!Thank you,FOX News Channel.

Thank you,
FOX News Channel

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