Bailouts and Foreclosures

The Green-Rainbow Party is a founding member of the Massachusetts Alliance Against Predatory LendingΒ (MAAPL).Β 

  • We support a moratorium on housing foreclosures and on evictions of renters in foreclosed properties.
  • Lenders should be required to negotiate affordable mortgages for every homeowner caught in the trap of subprime or other inappropriate mortgages.
  • Foreclosed properties should be made availble for acquisition as affordable housing by non-profits or community development organizations.
  • We support direct aid to struggling individuals and families, but oppose Federal bailouts of corporations, financial institutions, and wealthy investors -- the parties who created the mortgage crisis.

join the conversation about bailouts and foreclosures:Β http://www.green-rainbow.org/economy_blog

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