Taxpayers to bail out bad lenders

Congress wants to use your money to buy foreclosures that bad lenders won't sell at the market price:
Democrats pushed a $15 billion housing bill through a House committee Wednesday over the objections of Republicans who called it a government bailout.

The measure would send federal loans and grants to cities and counties hit hardest by the housing crisis so they could buy and fix up foreclosed properties. It passed the Financial Services Committee 38-26, mostly along party lines.

You're a responsible, hard-working citizen. You didn't want to lie on a mortgage application or sign up for some sleazy option ARM to buy an overpriced house in the bubble. What's your reward for such prudence? The Democrats want to make you bail out the Mozilos!

If this bothers you, join the discussion and sign the petition at AngryRenter.com.

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