#National Affairs
Everyone in America - You can sign anonymously!!
United States of America

Over the past year, the subprime meltdown "manmade" has caused a major economic disturbance throughout the US economy; and has altered the normal behaviors of many citizens, secondary investors, as well as banks throughout this country and worldwide. If this housing mess resulted from unethical lending practices, fraud, and/or speculators, then declaring a state of emergency based on sabotage seems like a logical solution because it will provide federal aide to troubled cities and homeowners, nationwide.

If troubled homeowners continue to foreclose or short sell their homes, then it seems we will remain in a period of civil unrest for months to come. Moreover, if foreclosed homes left vacant, exposes these neighborhoods to higher crime rates, then the government should act to protect the responsible homeowners’ and citizens residing in these neighborhoods. Someone has to listen!

As stated on the FBI's websiite, "From foreclosure frauds to subprime shenanigans, mortgage fraud is a growing crime threat that is hurting homeowners, businesses, and the national economy. Learn more here about the scope of the problem and our work to combat it." Go to www.fbi.gov

Housing Crisis Solution:

Declare a State of Emergency based on sabotage seems like the fastest way to get money into troubled cities nationwide, just as a Governor or Mayor would do during times of major disasters. If an arsonist burns down homes causing billions of dollars in damages, the governor and/or mayor can declare a state of emergency, therefore providing federal aide to businesses and homeowners to rebuild.

For example, according to the California Emergency Services Act 2006 document, www.oes.ca.gov/Operational/OESHome.nsf/LevelTwoWithNav?OpenForm&Key=Laws+And+Regulation it states, "The state has long recognized its responsibility to mitigate the effects of natural, manmade, or war-caused emergencies which result in conditions of disaster or in extreme peril to life, property, and the resources of the state, and generally to protect the health and safety and preserve the lives and property of the people of the state."

Please sign my petition, so I can present it to Congress immediately. We need something done that can possibly prevent a tax payer bailout.

Go to www.911-mortgagemess.blogspot.com for more information.

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To Congress:

We, the undersigned Citizens of the United States, demand that you immediately take the following steps to halt the terrible social and economic impact of the housing/banking crisis.

1. Declare a State of Emergency based on Sabotage in cities faced with high foreclosures. This will get federal funding to troubled cities and their residents immediately. This will keep troubled homeowners in their home while protecting the values of responsible homeowners while keeping neighborhoods safe from crime

2. Set-up these federal loans for troubled homeowners on a 1-year term, at a rate of 4-5%, and have the payment amortized over 30 years.

3. Troubled homeowners who take these federal loans must pay back the federal government an additional $150-$300/month for the next 10 years; and, in return, they keep their home. This will pay back the federal trade deficit roughly $14,410,000,000 over the next 10 years. (just an estimated figure based on one million homeowners at $120/month)

4. Moreover, with the troubled homeowners making payments on these federal loans and, in addition, paying back the government $50-$200/month for the next 10 years; this relieves taxpayers from some of the financial burden.

5. In addition, declaring a state of emergency will relieve the banks of these bad loans, therefore, allowing the banks to rebuild capital over the next 12 months thus avoiding further write-downs.
A. At the end of the 12 months, require the banks to refinance these state of emergency loans back into their portfolios; and require these homeowners to continue to pay back the government the additional $50-$200/month for the following 9 years. As the home values start to appreciate again, these troubled, homeowners will be able to pay back this debt through their equity, if they wish to do so.

6. It seems like the resources are in place to handle a state of emergency based on sabotage, just as it is when an arsonist burns down homes, therefore this should not be considered a bail-out if positioned accordingly nor should it be a tax-payer bailout.

7. A state of emergency will give federal aid to cities like Chula Vista, where it is having to layoff 10% of its workforce because of unpaid property taxes due to the high foreclosure rate. A state of emergency will give aide to cities like Stockton, Sacramento and states like Florida. This aide will prevent the shut-down of city programs and further layoffs of city employees.

8. A state of emergency will ensure that both local and state agencies have the necessary funds to pay their debt obligations should the foreclosure rates continue to increase. (ie: Chula Vista, Stockton, cities in Florida, cities across the nation).

9. A state of emergency will give small businesses and homeowners the necessary aid to stay in business and keep their homes during this time of distress. More importantly, keep responsible homeowners safe and empowered.

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The 911-mortgagemess petition to Everyone in America - You can sign anonymously!! was written by a concerned citizen/taxpayer and is in the category National Affairs at GoPetition.