Stop Melissa Bean!

[JDPriestly]

I'm from California. I posted this in GD and was asked to post it here. California has laws called "depression laws" that protect homeowners in foreclosure. We do not want our laws to be preempted by laws written by mortgage companies and sponsored by Melissa Bean.

Blue Dog Melissa Bean Bites Bank Customers
By: masaccio Wednesday October 14, 2009 6:05 am

Rep. Melissa Bean (IL-08) via Wikimedia

Melissa Bean must want to be the Mike Ross of financial reform. The Blue Dog Bean is seeking to amend the reform bill establishing the Consumer Financial Protection Agency to pre-empt state laws protecting mortgage buyers if they are stronger than federal laws. I’ve noted before that the Blue Dogs don’t care a rip about consumers, but really worry about their corporate sponsors.

Pre-emption is a major goal of the big banks, which mouth an invented argument that it is more efficient for them if they can offer the same deals everywhere, without having to pay attention to the detailed requirements of different states. Bean has taken a whole lot of money from giant financial institutions, and has been carrying their water on other issues.

You really have to wonder about these giant banks. Right now, their mortgage subsidiaries have to figure out state and local laws on all sorts of issues in residential lending, from where and when to record their mortgages to zoning laws. How hard is it to comply with consumer protection laws in each state? Community and regional banks do it, and so do the local credit unions and other local lenders. The whiny giants are just looking for another way to get out from under the laws of states that want to provide real protection for their citizens, arguing that their size entitles them to all kinds of extra goodies at the expense of their customers. No one really thinks that they would pass any savings along to customers, now do they?

http://www.democraticunderground.com/discuss/duboard.ph...

Who is willing to run against Melissa Bean in Illinois in 2010. We need to support a strong candidate against her. She is no Democrat.

Imagine suggesting legislation to increase protections for mortgage companies at a time like this! Ms. Bean does not have good timing. What an idiotic idea.

[Sannum]

1. I loathe Melissa Bean and Todd Stroger.

Both of them need to be defeated.

[tofubo]

2. will be delivering my petitions to springfield to challenge her for the upcoming primary

Who is willing to run against Melissa Bean in Illinois in 2010. We need to support a strong candidate against her. She is no Democrat.

who ?? me, got tired of yelling at the teevee, radio, and newspapers and decided to do something about it
strong candidate ?? no money and no name recognition, but aside from that...
democrat ?? yes progressive, yes, liberal, yes, fiscally prudent, one would have to be, see http://www.brillig.com/debt_clock/

some miscellaneous ramblings are at http://tofubo.blogspot.com now (see very 1st post done in 2006 for example), http://www.farnick.com is reserved and will be up when i get on the ballot

oh, and she's not a blue dog any more, she's a new dem, which may just be a distinction without a difference