From Steve Kagen's own web site from May 2009. He tells us how his vote will stop foreclosures in housing. Below Kagen's press release is an article from Yahoo finance where it looks like Steve Kagen broke another promise. First Kagen's press release.
From Yahoo Finance.
I thought Steve Kagen said his vote would fix the problems people face. Another broken promise by Steve Kagen. Why would the people of the 8th district want to send him back to Washington in 2010.
Mr. Kagen, please do us all a favor and drop out of the 8th Congressional race.
"Press Release
Media Contact:
Jake Rubin 202.225.5665
Congressman Kagen Says We Have To Rewrite Our Laws To Guarantee That Everyone Has a Fair Shake
May 5, 2009
Washington, DC -- Congressman Steve Kagen, M.D. spoke on the floor of the House of Representatives this morning in favor of ending the predatory lending that has led to many home foreclosures. Kagen said:
“To put our nation on the road to recovery we have to do several things: First, we have to begin to clean up the economic mess that we've inherited after the past eight years. Secondly, we have to rewrite our laws to guarantee that everyone has a fair shake and a fair opportunity to make it in today's economy - and together we will.
Last week, I was very proud to stand here and vote for the Credit Cardholders' Bill of Rights, and today I rise in favor of the Mortgage and Anti-Predatory Lending Act.
This bill would help end the predatory lending that is a major factor in the many - far too many - home foreclosures now taking place. The bill would prohibit lenders from steering their customers into higher cost loans. It would ensure that borrowers actually have the ability to pay back the money that they're taking out, and it would establish a simple standard for all home loans.
I believe we have to work hard for people everywhere, to guarantee they can make it and keep their heads above water. Let's pass the Mortgage and Anti-Predatory Lending Act and build a better future for everyone.”
Congressman Kagen organized a discussion in Green Bay yesterday about credit card debt. He voted for the Credit Cardholder's Bill of Rights which passed overwhelmingly in the House calling it, “a wake-up call for everyone”.
The House is scheduled to vote on The Mortgage Reform and Anti-Predatory Lending Act of 2009 this week."
Congressman Kagen Says We Have To Rewrite Our Laws To Guarantee That Everyone Has a Fair Shake
From Yahoo Finance.
"Foreclosures hitting more people with prime loans
Delinquencies and foreclosures set 9th straight record in 3rd quarter as layoffs keep rising
* By Alan Zibel, AP Real Estate Writer
* On 10:41 am EST, Thursday November 19, 2009
WASHINGTON (AP) -- A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery." Foreclosures hitting more people with prime loans - Yahoo! Finance
I thought Steve Kagen said his vote would fix the problems people face. Another broken promise by Steve Kagen. Why would the people of the 8th district want to send him back to Washington in 2010.
Mr. Kagen, please do us all a favor and drop out of the 8th Congressional race.
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