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Key Vote “No” H.R. 1106: Helping Families Save Their Homes Act of 2009
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Press Release

Key Vote “No” H.R. 1106: Helping Families Save Their Homes Act of 2009

On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE “NO” on H.R. 1106: Helping Families Save Their Homes Act of 2009.  Also referred to as “cram-down,” this legislation allows bankruptcy judges to modify home mortgages, including reducing principal rather than leaving those business decisions in the hands of the banks and lenders who own the homes.  In addition, the act modifies the Hope for Homeowners program by removing the taxpayer protections in place and making it easier for those who made risky choices to take advantage of taxpayer funds to bail them out on their mortgage. 

02/26/2009
Key Vote “Yes” on the DeMint ‘Fairness Doctrine’ Amendment to S. 160
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Press Release

Key Vote “Yes” on the DeMint ‘Fairness Doctrine’ Amendment to S. 160

On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE “YES” on Senator Jim DeMint’s (R, SC) Fairness Doctrine Amendment to S. 160, the D.C. Voting Rights Bill.  This amendment would prevent the Federal Communications Commission (FCC) from imposing the so-called Fairness Doctrine on broadcasters.  It is based off of The Broadcaster Freedom Act (S. 34); legislation previously offered by Senator DeMint and carrying 29 cosponsors.

02/26/2009
FreedomWorks Georgia Fights for Consumer Choice
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Press Release

FreedomWorks Georgia Fights for Consumer Choice

On December 15th, eleven Gwinette county activist met in Lawrenceville, Georgia to follow-up on the December runoff citizen education effort.

01/05/2009
Include GSE Free Market Reform in any Bailout Bill
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Press Release

Include GSE Free Market Reform in any Bailout Bill

September 26, 2008 Dear Representative/Senator: On behalf of FreedomWorks’ 500,000 grassroots activists across the country, many who oppose the Wall Street bailout, I urge you to include the GSE Free Market Reform Act introduced by Rep. Jeb Hensarling in any legislation addressing the current economic crisis.

09/26/2008
FreedomWorks Joins Coalition Letter Against New Housing Trust Fund
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Press Release

FreedomWorks Joins Coalition Letter Against New Housing Trust Fund

July 21, 2008 Dear President Bush: Like all Americans, we are deeply concerned about the crisis in our financial markets. This is why we urge you to stand by your earlier statement and veto any bill that creates an “affordable housing trust fund” that would divert funds from the revenues of federal housing entities to at best, repetitive, and at worst, dubious purposes

07/23/2008
Paulson Plan Rolls the Dice with Taxpayer Dollars
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Press Release

Paulson Plan Rolls the Dice with Taxpayer Dollars

The Congressional Budget Office (CBO) released a short analysis of the new "blank check" plan by U.S. Treasury Secretary Henry Paulson to extend taxpayer resources to Fannie Mae and Freddie Mac. The CBO letter explores some of the issues with the plan and explains that "CBO's estimate of $25 billion in [taxpayer] costs over the 2009-2010 period reflects a probability-weighted average of how large those injections might need to be, including zero as a potential outcome." CBO also noted there is "almost a 5 percent chance that the [GSE’s] added losses would total more than $100 billion."

07/22/2008
What Others are Saying About the Blank Check Mortgage Bailout
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Press Release

What Others are Saying About the Blank Check Mortgage Bailout

“The bail-out of Fannie Mae and Freddie Mac by the combined forces of the US Treasury and the Federal Reserve Board is the ugliest exercise of its kind I have ever observed outside early transition economies and mature banana republics.” - Professor Willem Buiter, London School of Economics   “The Sunday statement and plan by Secretary Paulson to rescue Fannie and Freddie is the ultimate implementation of socialism for the rich and the well connected.” - Professor Nouriel Roubini, Stern School of Business at NYU

07/21/2008
Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds
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Press Release

Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds

As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.

07/11/2008
Housing Secretary Says FHA Elements of Dodd Mortgage Bill are "Big Mistake"
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Press Release

Housing Secretary Says FHA Elements of Dodd Mortgage Bill are "Big Mistake"

As the Senate cuts debate short on the Dodd-Countrywide mortgage bailout, the voices of concern and opposition to the misguided plan are growing. The latest concerns come from HUD Secretary Steve Preston, who criticized the bill on a media conference call yesterday. As first reported by Housing Wire, Secretary Preston highlighted changes in the bill that would undermine the Federal Housing Administration (FHA):

07/09/2008
Key Vote "No" Federal Housing Finance Regulatory Reform Act of 2008
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Press Release

Key Vote "No" Federal Housing Finance Regulatory Reform Act of 2008

On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE “NO” on the Federal Housing Finance Regulatory Reform Act of 2008.  On the way to doing nothing to address the fundamental problem in the housing market, this bill creates a new $300 billion taxpayer liability, creates a trust fund in perpetuity outside of budgetary oversights for political community groups, and greatly expands the Federal Housing Administration, perhaps to the breaking point.

06/17/2008

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