As reported on "The Shenandoah Valley Progress Report:"
From the Politico:
State by state, Sen. Barack Obama (D-Ill). is showing signs of breaking open a presidential race that looked deadlocked through much of September.
A new wave of polls released Wednesday showed decisive leads for Obama in the critical states of Colorado, Michigan and Pennsylvania.
That follows noticeable progress in polls in Virginia, which had looked safe for Sen. John McCain, and Florida, which had looked promising for McCain.
This is the first time that one of the candidates has dominated state polls in the most closely contested battlegrounds.
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Congress is considering putting the American people $700 billion further in debt to buy mortgage-related assets. (They would not be buying the actual mortgages, but would instead be buying investment interests in pools of mortgages). The following is a message that needs to be delivered to Senators and Representatives:
“If Congress buys into mortgages, it must require that the Congress controls how those mortgages are serviced by the companies that deal with the consumer.
Congress must also again allow federal judges to modify loans in bankruptcy to keep people in their homes.”
For Harrisonburg area residents, the following is the telephone contact information for your Senators and Representative:
Senator Webb: toll free (866) 507 1570 then select 3
Senator Warner: (202) 224-2023
Rep. Goodlatte; (202) 225-5431
You can call after hours and leave messages at these numbers. If you speak to a real person during the day, the reason controlling the servicing is important is because it is the servicer who decides when to allow a repayment arrangement and when to foreclose. The reason to give back to federal judges the power to modify mortgages is because bankruptcy judges used to have this power that crafts a reasonable and realistic answer that protects creditors to the fullest extent that the bankruptcy process allows, while also allowing people who can pay the value of their homes to stay in their homes. These are not Republican or Democratic issues but economic realities about how not to waste taxpayer’s dollars if the bailout is to happen.
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