JBS Action Alerts for the Week Ending 7/26/08 (1 alert)
1. Oppose H.R. 3221 — A Huge Bailout for Bad Loans
H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008, was passed by the House 272-152 on Wednesday, July 23, 2008.
The Senate is expected to vote on the housing bill on July 25th or 26th. Enactment of the bill would be a victory for socialism and big government, but a travesty for U.S. taxpayers and limited government. This one-time energy bill was transformed into a vehicle for mortgage foreclosure prevention, then very recently revised again to include plans for preventing the failure of Fannie Mae and Freddie Mac, share-holder owned companies that have lost billions of dollars in the last year and whose stock prices plummeted, but then rebounded this week.
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JBS Action Alert: Oppose H.R. 3221 — A Huge Bailout for Bad Loans
Take Action
A Senate vote is imminent, so please call or contact your Senators at once!