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Petition Form

Some Wall Street banks have had a bad year. Even though most major banks made money last year, their profit margins are shrinking. Even though the vast majority of loans are current in their payments, a small few are at risk of default. Of course, some banks now want help from the government.

Senator Chris Dodd (D-CT), Chairman of the powerful Senate Banking Committee has proposed creating a government fund that would buy up bad loans and mortgages. Many of the mortgages facing foreclosure were bought up by speculators trying to make a quick buck, but Sen. Dodd and many consumer groups want to use taxpayer dollars to bail them out.

If you agree with us that this is an outrageous use of taxpayer money to let Congress know by signing our online petition below.

We as tax paying citizens of the United States oppose any plans by Congress to use our hard-earned tax dollars to bail out risky, speculative loans given by irresponsible lending institutions.

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