47,000 Sign Petition Against Frank’s Housing Bill

The controversy over U.S. Rep. Barney Frank’s, D-Mass., housing bill continues to draw intense criticism from free market supporters, like FreedomWorks—a nonprofit that promotes responsible fiscal policy—and an organization that believes Frank’s bill is nothing more than a bailout funded by taxpayers.

Frank’s proposed bill, in particular, is facing scrutiny from FreedomWorks because it allows the Federal Housing Administration (FHA) to insure an additional $300 billion mortgage loans to help distressed borrowers who are stuck in risky mortgages.

FreedomWorks says so far, 47,000 taxpayers have signed a petition that’s located on the nonprofit’s online protest hub—AngryRenter.com.

“The site is a rallying point for the opposition to the government mortgage bailout and is already having an impact on the debate,” FreedomWorks said in a statement this week. “In addition to renters, homeowners that have manageable mortgages or that own their homes outright have flocked to the site to sign the petition and post comments expressing their outrage at the proposed bailout.”

FreedomWorks created AngryRenter.com online to give frustrated renters and Americans a place to vent about what they consider to be over-reaching government bailouts.

You can read some of the petitioners comments by clicking here.