4 Sale: Green Cards to Wealthy Developers

There is a crush of demand from wealthy foreigners for the expensive green cards ($500,000 in “investment”) the Obama administration is championing.

(From The New York Times)

“The number of foreign applicants, each of whom must invest at least $500,000 in a project, has nearly quadrupled in the last two years, to more than 3,800 in the 2011 fiscal year, officials said. Demand has grown so fast that the Obama administration, which is championing the program, is seeking to streamline the application process.”

Click here for the story.