- fyi, Senator Nelson s email to list. There was an Acorn rally this week in front of his Orlando office and he must be getting some calls! Have YOU calledMessage 1 of 1 , Sep 25, 2008View Sourcefyi, Senator Nelson's email to list. There was an Acorn rally this week in front of his Orlando office and he must be getting some calls! Have YOU called yet? Tell him thanks, and you intend to hold him to his word. And tell him that doubling our annual debt this year is OFF the TABLE! They need to figure out how to make the profiteers of this mess pay for it we can't afford the war debt as it is right now.Rally today at 5:00-6:30pm! Downtown Orlando Public Library at central and Magnolia/Rosalind. Hope I see you!peace,deidra
SAVE SOLDIERSNOT Billionaires!
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September 25, 2008
The importance of Congress taking timely action on a plan to give more than $700 billion to the Treasury to stabilize our financial and housing markets cannot be overstated.
However, any legislation authorizing such a deal must provide real relief to the many homeowners facing foreclosure. It cannot just be a bailout of those who got us into this mess in the first place.
There's no way I'm going vote to bail out the banks that caused the problem, unless we can guarantee homeowners don't get the short end of the stick.
In a nutshell, I'm going to fight to make sure any plan has tough oversight, equity-or profit-sharing for taxpayers, fair refinancing for homeowners facing foreclosure, and that none of this money ends up in the pockets of the CEOs.
I'm also calling for a special investigation to probe the business practices of major credit ratings agencies.
What do I mean? Well, investors relied on the ratings to make purchases and the public deserves to know how these consultants concluded that such risky investments should receive high credit ratings. Remember, prosecutors in the Enron case first went after the accounting consultants - and that led them to Ken Lay and other company executives.
Finally, I am going to insist that the Treasury pay no more than fair-market value for any mortgage-related securities. To do otherwise would be unfair and only would serve to provide a windfall for the banks.
I know everybody is uneasy or feeling economic pain. Please be assured I'm doing everything I can to make sure your interests are protected.
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