Mobile Mortgage News

Stop the Housing Bailout

posted 216 weeks ago on Blown Mortgage

A new web site (and organization) has launched to help spread awareness about (and their disdain for) the state-sponsored bail out of the housing and mortgage industries currently underway.  Stop the Housing Bailout is encouraging citizens to contact their congressmen and women to urge them to cease using public funds to prop up the housing asset bubble and institutions that helped get us to this point (see Bear Stearns, et al.) From the Stop the Housing Bailout Web site: This site is dedicated to stopping the government's planned bailout of the housing market.   A bailout requires responsible Americans to pay for the acts of greedy bankers, mortgage brokers, flippers, and over-extended homeowners. In other words, the government wants you to pay for
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