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A Letter to John McCain in Regards to the Current Mortgage Crisis

Dear Mr. McCain,

I cannot help but express my deepest sympathies to you regarding your loss of touch with the average American. But then again, you are a republican.

For a long time, I have considered myself republican, as the belief of people taking care of themselves and protecting our country have always been a top concern. People who make a career out of being on welfare and illegal immigrants (sorry, undocumented aliens) having driver’s licenses drive me to the point of insanity. The environment, while on everyone’s mind for the future, just isn’t as high on my list as Al Gore would like it to be. If we’re being bombed with nukes via Iran, the environment won’t be worth a dime on anyone’s watch.

But I must say that I’ve absolutely had it with the republican stance on “big business”- Corporate America, if you would. Why is it that you would be more than willing to bail out the banking and mortgage industries when they fall, but refuse to help the average homeowner for making a mortgage “bad decision”?

Let me tell you something you may not realize. To the average American citizen, $8,000 is a lot of money.

Why am I telling you this? Because that’s the average pre-payment penalty if a mortgage is paid off [Read more →]

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April 10, 2008   No Comments