Beruflich Dokumente
Kultur Dokumente
Step 1
If you agree with this or portions of it….
Please take this email seriously, for your job and reputation are on the line. There is
a very serious problem in America today and we are calling for proper and
immediate actions.
This economic disaster is the ‘Perfect man made Storm’ and Americans Demand an
Immediate man made Reform.
Those political leaders that do not address this credit/financial situation properly
will be held accountable and we will vote you out. Americans will no longer let the
financial special interest groups come between political financial contributions and
the American Dream.
I write to today with concern of BOTH House Bill HR 3915 and any involvement
you may have in endorsing it in any way as it stands. This current situation can lead
to a recession or even worse a DEPRESSION. HR 3915 both over simplifies the
problems and has not addressed the direct causes or core issues.
Let’s start with; we do agree with capitalism and democracy, however, we do not
agree with corruption and manipulation.
1) Wall Street
Americans have grown tired of bubble after bubble and the deterioration of
American influence. If Wall Street makes the problems, Wall Street should both pay
for these problems and better regulation should sweep over what they can offer us
as Americans.
a) Wall Street hedge funds, mortgage backed securities and collateralized debt
obligations profited incredibly from the FALSE market.
Where were they? All the MBS’s and CDO’s, they all had a AA or AAA rating
until recently. OBVIOUSLY, their current system failed miserably and the
governmental departments that regulate their existence need to be both questioned
and changed.
We support that the rating companies be not for profit organizations. This will
prohibit them from be “steered” OR as an alternative, we may need government
regulations and securitizations.
3) Federal Reserve.
a) The Federal Reserve has also failed miserably. Alan Greenspan both lowered
rates too long and then after the mess was made he increased them too quickly, for
17 consecutive sessions. Rates went from 4% to 8.5%. This prohibited the market,
especially the mortgage market, from adjusting in a timely fashion. Somehow, the
volume of adjustable rate mortgages should have been taken into consideration
because the adjustable rate mortgage resets has put a tremendous stress on our credit
markets. But instead rates increased too fast and now make these mortgages not
affordable to those with adjustable resets.
b) How do we know the Federal Reserve, a privately held corporation, has the best
interest of the American public in mind? How can a privately held corporation
control the monetary policies of this great country?
a) Did banks underwrite all these mortgages…yes? Why are banks complaining?
They saw everything that was approved! In fact, they did the underwriting! They
could have turned down mortgages but please do not tell us that they were donating
money for homeownership.
b) How come, under the current banking laws, do banks not have regulated loan
officers? Does HR 3915 properly address this? Should all mortgage professionals be
licensed, regulated and bonded - we say yes!
b) How come Federally and State Charted banks do not disclose their Yield Spread
Premium (YSP)? Yield Spread Premium is merely a profit the bank makes.
We support that banks and brokers offer consumers transparency as well as equal
licensing standards.
All too often we have heard of people buying a home for $500,000 and with all
these additional false buyers in the market from the aggressive mortgage programs
Wall Street offered, they ended up buying that same home for $600,000 just 3 days
later.
Today, take a look at the housing markets in California, Nevada and Florida as well
as many other areas in the US. That same $600,000 home is now worth $450,000.
Too many people bought homes at artificially influenced prices.
We support a “Purchase Cap” that limits how much above a listing price a home
could be sold for. This has created Too MUCH FALSE APPRECIATION.
6) Mortgage Brokers
a) All loan officers, both in the banking industry, such as Bank of America or an
independent mortgage broker should have the SAME EXACT STANDARDS.
There needs to be one standard, regardless of the state they do business in,
regardless if they are a mortgage broker, a Federally Chartered Bank or a State
Chartered Bank.
These individuals ALL need to be trained like a stock broker and live under one
common National standard. Bank loan officers and mortgage brokers are to serve
the people and homer owners of America.
b) We support licensing and improved standards for all originators - both banks and
brokers ALIKE.
d) We do not support Title III. The standards are so strict and the liability so great
that it will prohibit loans being made in the subprime market. It will act as a federal
usury statute denying access to credit for deserving borrowers.
All in all this was the ‘Perfect Storm’ due to many ignorance’s from the public,
political and private sectors.
Despite who is to blame, it is now in your hands. All eyes are you now. We demand
that you hear our wants and desires.
Step 2
Please below click on each and every member of the
Rep. Ed Perlmutter, CO
Rep. Kenny Marchant, TX
Rep. Christopher S. Murphy, CT
Rep. Thaddeus McCotter,
Rep. Joe Donnelly, IN MI
Step 3
Please below click on each and every member
of the your
States Governor, Senate and Congress.
Alabama
Gov. Bob Riley
(R) 334-242-7100
State Legislature
Rep.
Jo Bonner (R-1) Fax: 202-225-0562
Rep.
Rep. Bud Cramer (D-5) Fax:
Dennis Rehberg (R-At Large) Fax: 202-225-5687
202-225-4392
Nebraska
Rep. Spencer Bachus (R-6) Fax:
202-225-2082 Gov. Dave
Heineman (R) 402-471-2244
Rep. Artur Davis
(D-7) Fax: 202-226-9567 State Legislature Links
Alaska
Sen. Chuck
Hagel (R) Fax: 202-224-5213
Gov. Sarah Palin (R)
907-269-7450
Sen. Ben Nelson (D)
Fax: 202-228-0012
State Legislature Links
Nevada
Arizona Gov. Jim Gibbons
(R) 775-684-5670
Gov. Janet
Napolitano (D) 602-542-4331 State Legislature Links
Rep. Rick Renzi (R-1) Fax: Rep. Dean Heller (R-2) Fax: 202-225-5679
202-226-9739
Rep. Jon
Rep. Trent Franks (R-2) Fax: Porter (R-3) Fax: 202-225-2185
202-225-6328
Rep. Gabrielle Giffords (D-8) Fax: 202-225-0378 Rep. Carol Shea-Porter (D-1) Fax: 202-225-5822
Rep. Joe Baca (D-43) Fax: Rep. James Walsh (R-25) Fax:
202-225-8671 202-225-4042
Rep. Ken Calvert (R-44) Fax: Rep. Thomas Reynolds (R-26) Fax:
202-225-2004 202-225-5910
Rep. Dana Rohrabacher (R-46) Fax: Rep. Louise Slaughter (D-28) Fax:
202-225-0145 202-225-7822
Rep. John
Campbell (R-48) Fax: 202-225-9177
North Carolina
North Dakota
Gov. Jodi Rell (R) 860-566-4840
Gov. John Hoeven (R)
State Legislature Links 701-328-2200
Sen. Tom Carper (D) Fax: Rep. Michael Turner (R-3) Fax:
202-228-2190 202-226-1443
Gov.
Charlie Crist (R) 850-488-4441 Rep. Charlie Wilson (D-6) Fax: 202-225-5907
Sen. Mel Martinez (R) Fax: 202-224-2237 Rep. John Boehner (R-8) Fax:
202-225-0704
Rep. Ander Crenshaw (R-4) Fax: Rep. Betty Sutton (D-13) Fax: 202-225-2266
202-225-2504
Rep. Steven LaTourette (R-14) Fax:
Rep. Virginia Brown-Waite (R-5) Fax: 202-225-3307
202-226-6559
Rep. Deborah Pryce (R-15) Fax:
202-225-3529
Rep. Cliff Stearns (R-6) Fax:
202-225-3973
Rep. Ralph Regula (R-16) Fax:
202-225-3059
Rep. John Mica (R-7) Fax:
202-226-0821 Rep.
Tim Ryan (D-17) Fax: 202-225-3719
Rep. Ric Keller (R-8) Fax:
202-225-0999
Rep. Zack Space (D-18) Fax: 202-225-3394
Rep. Michael Bilirakis (R-9) Fax:
202-225-4085 Oklahoma
Rep. Bill Young (R-10) Fax: Gov. Brad Henry (D)
202-225-9764 Fax: 405-521-3353
Rep. Dave Weldon (R-15) Fax: Rep. Dan Boren (D-2) Fax: 202-225-3038
202-225-3516
Rep. Kendrick Meek (D-17) Fax: Rep. Tom Cole (R-4) Fax: 202-225-3512
202-226-0777
Rep. Ileana Ros-Lehtinen (R-18) Fax: Rep. Mary Fallin (R-5) Fax: 202-226-1463
202-225-5620
Rep. Robert Wexler (D-19) Fax:
202-225-5974
Oregon
Rep. Debbie Wasserman Schultz (D-20)
Fax: 202-225-8456
Gov. Ted
Rep. Lincoln Diaz-Balart (R-21) Fax: Kulongoski (D) 503-378-4582
202-225-8576
State Legislature Links
Rep. Ron Klein (D-22) Fax: 202-225-8398
Sen. Gordon Smith (R) Fax:
Rep. Alcee Hastings (D-23) 202-228-3997
Fax: 202-225-1171
Sen. Ron Wyden (D) Fax:
Rep. Tom Feeney (R-24) Fax: 202-228-2717
202-226-6299
Rep. David Wu (D-1) Fax:
Rep. Mario 202-225-9497
Diaz-Balart (R-25) Fax: 202-226-0346
Rep. Greg Walden (R-2) Fax:
202-225-5774
Georgia
Rep. Earl Blumenauer (D-3) Fax:
202-225-8941
Gov. Sonny Perdue
(R) 404-656-1776
Rep. Peter DeFazio (D-4) Fax:
202-225-0032
State Legislature Links
Rep. Darlene Hooley (D-5) Fax:
202-225-5699
Sen. Saxby Chamblis (R) Fax 202-224-0103
Rep. Phil Gingrey (R-11) Fax: Rep. Joe Sestak (D-7) Fax: 202-225-8137
202-225-2944
Rep. Charlie Melancon (D-3) Fax: 202-225-0563 Rep. Pete Sessions (R-32) Fax:
202-225-5878
Maine Sen.
Orrin G. Hatch (R) Fax: 202-224-6331
Rep. John Sarbanes (D-3) Fax: 202-225-9219 Rep. Jo Ann Davis (R-1)
Fax: 202-225-4382
Rep. Albert Wynn (D-4) Fax:
202-225-8714 Rep. Thelma Drake (R-2)
Fax: 202-225-4218
Rep. Chris Van Hollen (D-8) Fax: Rep. Bob Goodlatte (R-6)
202-225-0375 Fax: 202-225-9681
Gov. Deval
Rep. Jim Moran (D-8)
Patrick (D) 617-727-6250 Fax: 202-225-0017
Rep. Dave
State Legislature Links
Reichert (R-8) Fax: 202-225-4282
Sen. Amy Klobuchar (D) Rep. Steve Kagan (D-8) Fax: 202-225-5729
Fax: 202-228-2186
Sen. Kit Bond (R) Gov. Anibal Acevedo Vila (D) 787-721-7000
Fax: 202-224-8149
Sen. Claire McCaskill (D) Delegate Luis Fortuno (R-At Large) Fax: 202-225-
Fax: 202-228-1518 2154
If you experience any errors and know the correct answers, please respond below.
Thanks.