Honk If You're Paying My Mortgage

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Today Mortgage Rates . Honk If You're Paying My Mortgage House Chamber, Washington, DC March 17, 2009 M. Speaker: I have been asked to present more than 6000 postcards generated by the Armstrong and Getty radio show to protest policies that can best be described by the new bumper sticker, Honk if youre paying my mortgage, or todays reprise, Honk if youre paying AIGs bonuses. Rick Santelli of CNBC struck a nerve last month when he asked, How many of you want to pay for your neighbors mortgage who has an extra bathroom and cant pay their bills? Jack Armstrong and Joe Getty, who host the most popular radio talk show in Northern California, asked the same question of their listeners. And here is their response. On each of these thousands of post cards is the story of a responsible family struggling to make ends meet in the worst recession in a generation families who are meeting their obligations, staying current with their mortgages even though many of them are upside down on their home values and owe more than their home is worth. And theyre watching as this government says to borrowers who lied on their loan applications, who put no money down and accepted teaser rates, who withdrew all the equity of their home to pay for stuff, dont worry, well force your neighbor to pay for your mortgage. Theyre watching as this government says to lenders who knowingly made loans to people they knew couldnt afford them, who made millions creating the housing bubble, dont worry, well cover your bonuses with ...

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