Economic crisis

Here is an e-mail I received from the Consumers Union (publishers of Consumer Reports). I think that it is something worth looking at:

What kinds of reforms will actually help families save their homes and stabilize the economy? They're pretty simple, really.

Encourage lenders to restructure loans so people can avoid foreclosure.
End lending practices that prevent people from refinancing or steer families into high cost loans when they qualify for better ones.
Stop lenders and brokers from putting people in loans they know the borrowers can't afford.

Take a moment right now to tell your lawmakers to support practical reforms that will help families and the economy. [You'll have to copy and paste this into another window: https://secure.consumersunion.org/site/Advocacy?cmd=display&page=UserAction&id=1865]

Lenders and brokers profit by maximizing the size and cost of loans. Brokers make more commission. Lenders make more fees. Then they sell off the loans to someone else and walk away. The companies who bought the loans can't fix them, but bailing out corporate America will not cure the problem.

Don't let Congress bail out Wall Street without fixing the real problems. We need a cure for the ailing economy.

Tell Congress to pass real reform for real people!

And then take a moment to forward this email to others, so they can lend their voice and help us get the strongest possible bill.

Sincerely,
Jeannine Kenny
Consumers Union
1101 17th Street NW, Suite 500
Washington, DC 20036