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Sign the Taxpayers Against a Wall Street and Mortgage Bailout Online Petition

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April 17, 2008 – Comments (9)

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.

Sincerely,

The Undersigned

Sign here it is easy 

9 Comments – Post Your Own

#1) On April 17, 2008 at 3:45 PM, CycleFreak7 (< 20) wrote:

Excellent! Thank you for posting the link to this petition.

I'm not sure that it will have any effect, but I have signed and encourage others to do the same. 

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#2) On April 17, 2008 at 6:28 PM, abitare (90.40) wrote:

Cycle,

Thank you for the support.

FYI - From the Big Picture: The anti-bailout backlash has already begun: It turns out that Renters and homeowners without mortgages are 60% of the population.

These folks want to know why Congress rushing to bailout speculative builders and high-flying borrowers and their lenders with sweetheart government loans via your tax dollars. . . . 

 http://bigpicture.typepad.com/ 

www.angryrenter.com

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#3) On April 17, 2008 at 7:59 PM, lquadland10 (< 20) wrote:

Thanks Aba, I signed and gave them a earfull but we all know they all use earplugs and only take them out when the very people they are bailing out with our money donate to their campains.

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#4) On April 18, 2008 at 5:29 PM, madcowmonkey (< 20) wrote:

NIce avitar. 

 

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#5) On April 18, 2008 at 6:23 PM, abitare (90.40) wrote:

an aviator avitar. It made sense to me.

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#6) On April 18, 2008 at 7:14 PM, abitare (90.40) wrote:

an aviator avitar. It made sense to me.

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#7) On April 18, 2008 at 9:53 PM, dwot (50.86) wrote:

I see you got your avtar.

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#8) On April 18, 2008 at 10:41 PM, abitare (90.40) wrote:

yep, thank you very much for the idea. Your avatar is more fun. It makes people feel more welcome on your blog. Like Christmas!

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#9) On April 18, 2008 at 11:59 PM, lquadland10 (< 20) wrote:

 I am glad you found your aviator avitar enjoy.

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