Monday, December 3, 2007

Tossing Out Tiny Tim

Since we're in the holiday spirit around here... Congressman Jim Marshall has the opportunity to do something that will substantially help families in his district. Given, it's not quite as dramatic as flying over to Iraq for Thanksgiving, but about fourteen hundred families in the district who are facing foreclosure would be awfully grateful. All Marshall has to do is support HR 3609 (which you can find out about here). This bill would improve the 2005 Bankruptcy Bill by simply giving regular homeowners some of the same protections now reserved for the super-rich. That's only fair, right?

According to the Kos, the financial industry, that has dumped hundreds of thousands of dollars into the campaign coffers of a few "Blue Dog" democrats, knew just who to call to lead the opposition to this legislation. Twenty Blue Dog Democrats, including Marshall, signed a letter in 2005 demanding the passage of the original Bankruptcy Bill. In Conservative or Just Plain Corrupt, David Seriota says:
Apparently, the Blue Dogs would have us believe conservative, working-class constituents are insisting their congressional representatives not only support bank foreclosures, but also help Wall Street barons rob the federal treasury.
Nonetheless, over the long term, those like the Blue Dogs will have an increasingly difficult time succeeding - both legislatively and electorally. The more they attach their "conservative" label to such obscene corruption, the more that label will be indelibly tarnished. Aiding loan sharks and tax cheats may elicit campaign donations and smiles in Washington, but it is no way to win hearts and minds in the rest of America.



Open+Transparent said...

Amy, great posts over the last few days!!! Keep it up!

Vic said...

you are giving dogs and sharks a bad name by putting them in the same category as politicians.

Tina said...

W/regard to forclosures because of rising interest rates---and considering the bad housing market right now -- perhaps it would be poetic justice if the lenders ended up stuck owning a bunch of houses that they were unable to sell.