Financial Intervention Needs Oversight, Help for Homeowners
An open letter, sent to Senators Richard Durbin and Barack Obama, and Representative Jerry Weller and crossposted on Facebook, Pam's House Blend, and Trans-cendental
http://www.senate.gov/general/contact_information/senators_cfm.cfm
https://forms.house.gov/wyr/welcome.shtml
Dear Senators Richard Durbin and Barack Obama, and Representative Jerry Weller. I am a registered voter in the 11th congressional district of Illinois.
As a citizen of the United States of America, I am appalled at the idea that the congress would even consider ceding its authority to the executive without congressional and judicial review, as stated in section 8 of the proposal from the Bush administration:
As a homeowner - and please note that I have a conventional mortgage that is not in danger of foreclosure - I am dismayed that this action focuses on the "big fish" of the financial world and ignores the rest of the economic ecosystem. Until we begin to resolve the problems of the millions of homeowners who were sold mortgages they could not afford (in many cases, when they were eligible for conventional mortgages), housing prices will continue to fall, construction sector unemployment will rise, and the foundation for such financial giants will remain shaky.
Finally, as a human being, I care at least as much about my struggling neighbors as I do about large financial institutions and retirement funds. It is our moral duty to help our distressed neighbors find a way to remain in their homes.
Please do not underestimate my resolve to support those who take the above into account, and to work for the unemployment of those legislators who ignore these issues.
Sincerely,
Cindi A. Knox
http://www.senate.gov/general/contact_information/senators_cfm.cfm
https://forms.house.gov/wyr/welcome.shtml
Dear Senators Richard Durbin and Barack Obama, and Representative Jerry Weller. I am a registered voter in the 11th congressional district of Illinois.
As a citizen of the United States of America, I am appalled at the idea that the congress would even consider ceding its authority to the executive without congressional and judicial review, as stated in section 8 of the proposal from the Bush administration:
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.As a taxpayer of the United States of America, I am disturbed by the idea that one man should be given "non-reviewable " authority over seven hundred billion dollars.
As a homeowner - and please note that I have a conventional mortgage that is not in danger of foreclosure - I am dismayed that this action focuses on the "big fish" of the financial world and ignores the rest of the economic ecosystem. Until we begin to resolve the problems of the millions of homeowners who were sold mortgages they could not afford (in many cases, when they were eligible for conventional mortgages), housing prices will continue to fall, construction sector unemployment will rise, and the foundation for such financial giants will remain shaky.
Finally, as a human being, I care at least as much about my struggling neighbors as I do about large financial institutions and retirement funds. It is our moral duty to help our distressed neighbors find a way to remain in their homes.
Please do not underestimate my resolve to support those who take the above into account, and to work for the unemployment of those legislators who ignore these issues.
Sincerely,
Cindi A. Knox
0 TrackBacks
Listed below are links to blogs that reference this entry: Financial Intervention Needs Oversight, Help for Homeowners.
TrackBack URL for this entry: http://cindik.com/cgi-bin/mt/mt-tb.cgi/207
Leave a comment