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FreedomWorks Foundation to Host Policy Luncheon on Subprime Bailout
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Press Release

FreedomWorks Foundation to Host Policy Luncheon on Subprime Bailout

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03/21/2008
New Study Shows Uneven and Unfair Distribution of Mortgage Bailout Costs and Benefits
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Press Release

New Study Shows Uneven and Unfair Distribution of Mortgage Bailout Costs and Benefits

FreedomWorks Foundation today released a new study on the costs and benefits of different policy proposals targeting the so-called "subprime mortgage crisis." The study was conducted by Todd Sinai, The Wharton School Associate Professor of Real Estate at the University of Pennsylvania. He found that while these relief programs may help some borrowers, they do not distribute the costs and benefits equitably. The proposals under consideration in Congress inappropriately reward people who made riskier decisions over those who made prudent decisions, exclude people who live in states that experienced an early economic downturn, benefit those with high incomes at the expense of others, and spread the costs of the program among all taxpayers or future borrowers.

02/27/2008
Key Vote "No" on S. 2636
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Press Release

Key Vote "No" on S. 2636

On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE NO on S. 2636.  This legislation includes a provision dealing with bankruptcy that would allow courts broad authority to rewrite mortgage contracts.  This would set a dangerous precedent, greatly weakening the concept of a contract and its value for all parties involved.  The bill also seeks more direct federal spending, calling for taxpayers nationwide to cover the costs for those regions of the nation where housing markets were overbuilt.

02/26/2008
Study: Mortgage Intervention Programs Distribute Costs Unfairly
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Press Release

Study: Mortgage Intervention Programs Distribute Costs Unfairly

Download a .pdf of the full study

02/21/2008
Preserve Credit Options in Virginia
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Press Release

Preserve Credit Options in Virginia

Dear Virginia Lawmaker, On behalf of FreedomWorks, a national grassroots organization with thousands of members in Virginia, I am writing to urge you to avoid passing new regulations or restrictions on the payday lending industry. As you know, the General Assembly is currently considering 20 different bills to implement cumbersome regulations that would restrict or effectively eliminate the use of payday advances. These regulations would seriously limit financial choices for Virginians, and should not be enacted by the General Assembly.

01/23/2008
Sen. Coburn Holds the Line on Mortgage Bailouts
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Press Release

Sen. Coburn Holds the Line on Mortgage Bailouts

Mr. COBURN.  Mr. President, I object to the unanimous consent agreement to pass S. 2338, the FHA Modernization Bill.

12/10/2007
Four Reasons to Oppose the Sub-Prime Mortgage Bail Out
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Press Release

Four Reasons to Oppose the Sub-Prime Mortgage Bail Out

< p class="MsoNormal">Congress seems to be in a rush to bail out speculators in America’s mortgage and real estate markets.  The House has already passed a sweeping new regulatory bill and Senator Hillary Clinton is proposing a $5 billion taxpayer fund to pay individual mortgages.  These proposals come despite the fact that there is little or no economic case for government intervention, and polling shows that a majority of homeowners do not support a bail out.  Further, many of the ideas Congress is currently considering will make the problem worse by reducing available cr

12/06/2007
Poll Shows America Does Not Support Federal Intervention in Sub-Prime Market
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Press Release

Poll Shows America Does Not Support Federal Intervention in Sub-Prime Market

National headlines are dominated with stories about the housing market slowdown and credit crunch. Believing that market problems need government solutions, Congress is debating federal intervention into the mortgage market.

10/24/2007
Talk, Talk, Talk: The Fairness Doctrine
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Press Release

Talk, Talk, Talk: The Fairness Doctrine

Talk may be cheap, but it doesn’t deserve to be hit with cheap shots.  Yet that’s exactly what some liberals want to do in response to the overwhelming success of conservative talk radio.  Led by the left-wing think tank, Center for American Progress, there’s a growing movement to reinstate the misleadingly named Fairness Doctrine, a rule that would give the government almost unlimited power over what broadcasters, especially those with conservative views, are allowed to say on air. 

10/17/2007
Key Vote 'NO' on the National Affordable Housing Trust Fund Act
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Press Release

Key Vote 'NO' on the National Affordable Housing Trust Fund Act

On behalf of nearly 850,000 FreedomWorks members nationwide, I write to urge you to VOTE NO on H.R. 2895, the National Affordable Housing Trust Fund Act. This legislation would add layers of bureaucracy to a situation already bogged down in government regulations and mismanagement.

10/10/2007

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