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Prosecute those responsible for the mortgage crisis

Petition published by adriana saavedra on Mar 14, 2012
9 Signatures 
Target: United States House of Representatives, United States Senate, President Barack Obama

Petition Background (Preamble):

This Real Estate bubble was originated by government provisions that allowed banks to give loans carelessly with the only objective in mind of stimulating the economy because money would be poured into consumption. What adds insult to injury is that after the banks elevated the risks, playing recklessly with derivatives, the government used our tax money to help them instead of the victims.

People have been robbed of their home equity -in some neighborhoods more than half of the debt is currently under water, while those responsible of the mess were priviledged with financial help and continue to demand full payments to principal.

Petition:

Measures should be taken to prevent the housing market - which is a basic need - from becoming a high risk investment ever again.

Responsible parties need to be prosecuted following the ideals of the founders of this nation: a rule of law for all without exceptions.

The Prosecute those responsible for the mortgage crisis petition to United States House of Representatives, United States Senate, President Barack Obama was written by adriana saavedra and is in the category Justice at GoPetition. Contact author here. Petition tags: , , , ,

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