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Why Pay for Other People's Greed & Ignorance??

By
Real Estate Agent with Century 21

Originally about the housing bailout that unfairly forced taxpayers to pay the mortgages of people who could not afford the homes that they tried to purchase, this site morphed in late Summer of 2008 into a rallying point against the Wall Street bailout, which unfairly forced taxpayers to pay for bad bets by Wall Street. Even though only a short time has passed since the $850 billion bailout bill was enacted, it is clear that Secretary Paulson's great experiment to save his friends has failed; the credit markets remain frozen and the stock market is down almost 15% since the bailout passed.

        Now, at least one presidential candidate wants the government to buy mortgages that it knows are bad from home-borrowers who can't make their payments. This is the ultimate slap in the face to the 99% of Americans out there who either pay their mortgages, rent, or own their homes. It will improperly freeze home prices at their current inflated prices, which are disproportionately high relative to folks' incomes, thereby making it impossible for hard working Americans to afford a home.

       Taxpayer outrage at the Wall Street bailout is still a festering wound across America, and now these shameless politicians want you to pay for other people's greed and ignorance.

        When you strip away all the BS that the media and the politicians throw at you, it really comes down to one basic fact: it is fundamentally unfair to force responsible Americans to pay for the acts of others who either knew better and took risks anyway, or should have known better and ignored the risks.

        Unfortunately, it has become painfully clear that your elected representatives do not care what you think. Accordingly, we urge you -- no, we beg you -- to vote this November (and each November after that) -- against the politicians who voted against your very clearly stated will!!!

        Our great country is being held hostage by greedy politicians and their appointees (e.g., Secretary Paulson, Chairman Bernanke) who refuse to listen to the collective voice of the American people.

       Because we believe in law, justice, and fairness, we call upon you -- the American voter -- to make your voice heard this November. VOTE THEM OUT!!!

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