"The financial-services industry's share of total American corporate profits rose from 10% in the early 1980s to 40% at its peak last year."

Heric - How can this be? What is going on? Is this just the Republican way of creating fear and panic and then coming to the rescue?

pdq - "US citizens, for the most part, are barred from buying Mexican real estate." I know plenty of non-Mexicans who own property in Mexico. The banks hold the title in trust but they still own it. They do have regulations in place to stop the purchase of waterfront but as you know, there are plenty of beachfront condos down there. I doubt if they are Mexican owned.

I don't thin financial failure can be blamed on immigrants. Maybe its the developers who have built vast, tract housing in Arizona and elsewhere and now cannot sell the homes. Individuals do not create such a huge financial loss. My guess is that its the speculators who have walked away from their loans.