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Tell Congress, “Save My House!“


This week Congress will write legislation to address the nation’s financial meltdown. So far the proposals have been designed from the top down, to emphasize protection for investment banks, not help for homeowners.

Without input from the millions of homeowners facing foreclosure, that’s really all that can be expected. Most people, however, don’t have the training to understand the weird financial packages that were created to finance the housing bubble (Heck, even the guys on Wall Street admit they don’t understand them.)

So how can we create constructive alternatives?

We don’t have to start from scratch. The Depression-era Home Owners Loan Corporation kept thousands in their homes during the worst (so far) financial crisis in the nation’s history, and even ended up costing the government nothing. You can read about it here: Then take action. Call your Representative. Email him or her with the link. If the line is busy, keep calling.

“I can’t claim credit for this,” writes blogger tfgray. “I found it posted in a comment to a Mother Jones article on the bailout bill. But it makes sense and it needs to be brought to Congress’ attention.”

By reading and acting on this information, we will be able to craft a solution to the housing crisis that will benefit the majority of Americans, stabilize the real estate and financial markets, and encourage a return to responsibility. Tell your friends. Tell them now.

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