Opposes Bailing Out Wall Street While Military and Veteran Families Lose their Homes

Military Spouses for Change (MSC) Opposes Bailing Out Wall Street While Military and Veteran Families Lose their Homes

PLEASE CONTACT YOUR REPRESENTATIVE THIS MORNING (http://www.votesmart.org/search.php?search=76544, then click "current elected officials") and tell them that unsuspecting home buyers, workers, and investors, like yourself and your spouse (who serve this country) deserve as much protection as the financially savvy, multi-billionaire corporations that preyed upon you for short-term financial gain.

Today Congress is going to vote on the Emergency Economic Stabilization Act of 2008 which IMMEDIATELY use $250 BILLION to buy banks' and other financial institutions' LEAST VALUABLE financial investments (i.e. what no one else would buy). The President will be given an additional $100 BILLION dollars to use at his discretion to bail these companies out. Finally, $250 BILLION is going to be set aside for future bailing out.

WHAT IS MISSING FROM THIS PACKAGE? Assistance for homeowners who were lured into home loans that they would ultimately not be able to afford.

In May, Bloomberg.com published an exclusive report stating that "[i]n the midst of the worst surge in mortgage defaults in seven decades, foreclosures in U.S. towns where soldiers live are increasing at a pace almost four times the national average." Moreover, Paul Sullivan, from the non-profit Veterans for Common Sense told Bloomberg, "`We've never faced a situation like this, not in the Vietnam War, World War II, or the Korean War, where so many military are in danger of losing their homes.''

We don't know about you, but how many of us really know what "subprime" means? Or "adjustable" rate?

Did you know that while veterans comprise eleven percent of Americans, they simultaneously represent TWENTY-FIVE PERCENT of our homeless population?

MSC does not opposed helping Wall Street. We appreciate the need for the government to intervene. But we also believe that the individual tax-payer needs help too and this current plan rewards the predators and punishes the prey.

When Congress tells us they do not have the funds to increase mental health services or family support services, how can we allow this bail out plan to move forward?

We urge you to take a few minutes out of your morning to call just one of your representatives. Tell them who you are, where your spouse serves, and that you have had it with the rhetoric of supporting the troops (and veterans).

Please spread the word. You have a voice. Don't be afraid to use it!



Your ally in change,

Carissa Picard

--
Carissa Picard, Esq.
President
Military Spouses for Change

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