Bailouts for Wall Street...What About Main Street?

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URGENT Action Alert from CREDO Action
*************************************

Tell Your Senators: Support the Foreclosure Prevention Act

The federal government has stepped in recently with huge
bailouts for the big Wall Street firms like Bear Stearns, Lehman
Brothers and Goldman Sachs...so where's the help for regular
Americans?

The financial crisis is now threatening to impact ordinary
Americans, as obstinate lenders refuse to renegotiate mortgages,
and greater numbers of borrowers are forced into foreclosure --
which impacts everyone's property values. Fortunately, Senate
Majority Leader Harry Reid has introduced legislation (S.2636,
the "Foreclosure Prevention Act") that will help solve this
problem.

Tell your senators: Support the Foreclosure Prevention Act.
Click here:

http://act.credomobile.com/campaign/foreclosure_prevention

This bill gives bankruptcy judges the power to modify harmful
mortgages marketed by subprime lenders in recent years, and
would help more than 600,000 families stuck in bad loans keep
their homes. It also ramps up resources available to foreclosure
counseling services, and permits municipal governments to use
tax-exempt bonds to help refinance subprime loans.

Click here to ask your senators to support this bill:

http://act.credomobile.com/campaign/foreclosure_prevention

This legislation won't singlehandedly solve the crisis in the
housing markets, but it will deliver targeted assistance to
those victimized by predatory lenders, and help break the
vicious circle that threatens so many low- and moderate-income
neighborhoods.

Click here to take action:
http://act.credomobile.com/campaign/foreclosure_prevention

Thank you for working to build a better world.

Will Easton, Activism Manager
CREDO Action from Working Assets

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1. Main Street Will Be Paying For The Wall Street Bail Out. nt

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2. Yea we all will unfortunately...

..hardly seems fair. But it was that way during the S & L thing too. Main St. suffers the consequences of their shenanigans and when their shenanigans get them in deep-doo-doo and us along with them, WE get to bail them out. Who bails US out?

(cue crickets...)