Over 8,400 homes are entering foreclosure every day and unless we act, an estimated 3 million homes will enter foreclosure this year and next, and 2 million homes will be foreclosed upon in that time.
Berlin, MD (PRWEB) August 12, 2008
With the U.S. Congress currently in recess, Charles Morris, a 20-year veteran in the mortgage, credit and real estate industries, comments on the “American Dream Travesty” that is impacting 8,400 American families each and every day.
Morris, a disabled veteran, has found an alternative that will help his fellow Americans. “Keep in mind that this alternative will not profit Wall Street, Politicians, or the Federal Reserve ... it will only help Americans,” says Morris.
Senator Robert P. Casey, Jr. spoke on the floor of the Senate June 19th, "Over 8,400 homes are entering foreclosure every day and unless we act, an estimated 3 million homes will enter foreclosure this year and next, and 2 million homes will be foreclosed upon in that time."
Surely Congress must realize that this American Dream Travesty has affected every American whether or not they own the American Dream ... their own home, says Morris. So why did Congress go on recess?
As one very intelligent Congressional Representative and previous Presidential Candidate put it, "You can't lower interest rates to fix all the problems." - Dr. Ron Paul's Statement.
According to Morris, the lowering of interest rates did work back in the dot bomb and 9/11 days because banks and lending institutions had money plus they were more than willing to lend, which did spur the economy. Today, banks do not have money and are not very willing to lend. A few have closed their doors and have been taken over by the Federal Reserve with many to come.
Mr. Morris adds, "Ask any soccer Mom and they will tell Congress that the American Dream Travesty along with lowering of interest rates has created total chaos in buying soccer shoes, soccer balls, gasoline for the soccer van and you might as well forget about mentioning pizza for the soccer team ... sorry forgot milk and bread."
To support the need for help now, Mr. Morris cites a USA Today article (one of many that he has for support) - that shows the huge hopelessness that many Americans are facing today. With little hope for similar help that was given to big business, the American homeowner shows signs of depression and the feeling that no one can help in their time of crisis. View the story
For more information about Charles Morris and the American Dream Travesty, please visit the website - Boomers Magic - and find out how this Disabled Vietnam Veteran with 20 years of mortgage, credit and real estate experience found an alternative that will help his fellow Americans.