U.S. Government: The World's Largest Homeowner

Here is yet another fax campaign.

Fax Title: U.S. Government: The World's Largest Homeowner

Senator

If the Treasury buys $700 billion in toxic mortgages from banks, the government would be setting itself up to be the world's largest homeowner.

The US government will own every house that is foreclosed on as well as those where people simply decide to walk away.

• Exactly what will the Government do with those houses?
• What will the losses be?
• How much would it cost to prevent foreclosures?
• What about walk-aways?

Questions like these are why Treasury Secretary Paulson and Chairman Ben Bernanke want you to rush passage of this bill. Both want you to pass Paulson's bill before you have time to think.

Senator, please stop and think about the ramifications of quickly passing this bill. If you do, you will quickly see that $700 billion is a mere down payment on problems down the road.

If you are thinking, you will not let this bill pass.

your name
your phone number

Sen. Richard Shelby (R) 202-224-3416 or 202-224-5137 (both seem to work, I fax both)
Sen. John Ensign (R) 202-228-2193
Jim DeMint (R) 202-228-5143
Sen. Jim Bunning (R) 202-228-1373
Sen. Chuck Grassley (R) 202-224-6020
Sen. Harry Reid (D) 202-224-7327

The Odds Of Success Improve With Every Fax!
Your Fax Counts.
This is a critical Juncture, please act now.

Pass this email to 10 others and have them do the same.

If you have not yet acted on Fate May Rest With Shelby please do so.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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