Outlaw subprime mortgages and force the "big banks" to modify and convert all existing subprime mortgages into standard fixed rate mortgages.
Why is this important?
We, the Citizens of the United States, demand to cease and desist all active subprime mortgages by enacting a mandatory law forbidding such. All banks, financial institutions, and mortgage servicers must remove the qualification process and place all subprime mortgage holders into standard fixed rate mortgage. It is clear the “BIG Banks” received “bailout funding” and failed to pass the concessions on to mortgage holders, denying millions of modifications, which has proven the intention of the “BIG Banks.” The government authorities have also failed to control or enforce the laws that they created. Therefore, the time has come to dismantle this racketeering enterprise created by the “BIG Banks,” holding them accountable for their intentional unwillingness, and deceitful modification practices and procedures. This behavior is unacceptable. They need to be stopped to stabilize the economy and our neighborhoods. The time to take action is now.
