Sign the Taxpayers Against a Wall Street and Mortgage Bailout Online Petition
Taken from Housing Panic: 8,200 signatures so far today. Come on folks - and fellow bubble bloggers - let's get that to 80,000
To: President Bush, Senator Hillary Clinton, Senator Christopher Dodd, Senator Charles Schumer and members of Congress
Please do not support the efforts to bail out mortgage holders and mortgage lenders with my tax dollars. As a responsible citizen, I do not believe it is right for you to ask me to pay for other peoples’ financial excesses, especially since a bailout encourages lenders to continue making predatory loans, with the assumption that taxpayers are on the hook. Further, we believe that the liability of the mortgage mess should NOT be shifted to GSE’s Freddie and Fannie.
I appreciate the goal of helping people to have access to housing, but any proposed bailout will only reward lenders and borrowers who acted irresponsibly, and it will punish people who work hard and diligently manage their finances by not buying houses which they cannot afford.
The housing market has begun a process of correction. This is necessary in order to keep housing affordable in the long-term. Let the market correct so we can achieve stability again, and people are able to save and afford the house of their dreams over time. That really is the true American Dream.
Sign here it is easy