NY13 Blog; Retaking NY-13 from Rep. Vito Fossella

Following the corruption, ineffectiveness and hypocrisy of Rep. Vito Fossella.

Monday, December 31, 2007

LTE: Subprime Mortgage Crisis and Fossella

A recent LTE in the Advace;

If Fossella really wants to help the problem, why not lobby for an investigation into the business practices of the mortgage businesses and brokers who made so much money on these loans, fully knowing that most of them would default? Fines for fraud violations could be applied to a fund for the victims. I don't expect to see that from Vito, since he receives much of his campaign money from banks and financial industry services and probably would not want to hurt his friends.

The people of Staten Island need some new thoughts and some real answers to the problems we are facing now and in the future. We don't have to accept the hollow offers and half-hearted attempts at problem solving. We can demand that government work for the people again instead of the other way around.

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