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Mary Ellen is a long time Democratic activist fighting racism, poverty, and war. coordinated 60 fair houisng groups in northern New Jersey, served on credential committee of 1972 Democatic Convention, initiated first statewide rental assistance program in NJ using Federal Section 8 funds, served as Americorps Vista four years, recently founded a county alliance to end homelessness, worked for several nonprofits, held local office and party office, currently co-chair of Central Jersey Impeach Group.
Tuesday, March 18, 2008 Bail Out Banks or Homeowners?
Bail Out Banks Or Homeowners?
Actions:
1. regulate banks and secondary mortgage market more stringently
2. mandate modification of predatory and subprime loans in bankruptcy court
3. suspend all foreclosures for six months
4. provide help for homeowners from GSE's: Fannie Mae, Freddie Mac, Ginnie Mae and FHLBB
5. Do not allow Federal pre-emption against stronger state laws.