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Finally!! Some Truth From the FOX Financial Shows

Reported by Marie Therese - April 4, 2006

On Saturday morning, April 1, 2006 during Cashin' In Jonas Max Ferris, co-founder of MaxFunds.com, told the truth to the FOX viewers during an overheated discussion about illegal immigration.

FERRIS: "And that is why it helps corporate profits to have illegals 'cause you pay them less and it lowers the wage rate. Does anybody think lower wages doesn't help corporate profits and stock prices? ... (shouting) It's not the politics about security and Al Qaeda. It's about corporate profits and stock prices and it boosts them and lowers labor rates!!!"

It's nice to have it out in the open at last! I suspect Ferris didn't really mean to tell the truth in such an unvarnished way, but this discussion got really, really heated with sharp exchanges between the pro-immigration and anti-immigration panelists.

Ferris clearly wants illegal immigration for the purpose of eventually lowering ALL American wages. He was joined in this by Jonathan Koenig.

On the opposite side were former wrestler and financial guru John Layfield and ReMax Real Estate guy Tom Adkins, who's also married to FOX News' Brenda Buttner. Adkins was so hyped up at times that his words blurred together. He made the following statement about immigration:

ADKINS: "Yes. We need a wall. We need barbed wire. And shoot them if they come over the top of it! Listen there are two reason why illegal immigrants come to America. One is to steal jobs from Americans, whether they're already legal immigrants or they're Americans who are already here. ... The second reason they come here is to kill Americans!!"

Anchor Dagen McDowell could not controll the participants. The only "sane" panel member was Adam Lashinsky. The other four - Adkins, Koenig, Layfield and Ferris - were in overdrive.

You can watch the video at FOXNews.com.


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