The Bailout: Accountability Needed

Home > Take Action > The Bailout: Accountability Needed

[+] Text [-] Text print

The Bailout: Accountability Needed

Virtually none of the billions of taxpayer dollars approved for the bailout has been earmarked for families facing foreclosure. And the Government Accountability Office has reported that the program lacks ways to ensure that banks are properly using the money.

It's time for real oversight and accountability.

The federal government and Congress failed to properly oversee government spending in Iraq and in New Orleans after Hurricane Katrina. We cannot go down that road again. The federal government must put protections in place to ensure that the bailout funds are not just spent, but spent wisely.

Tell Congress that the bailout must be fair, transparent and must serve the public interest by helping struggling Americans!

Take Action

Message Recipients

Your U.S. Representative

Your U.S. Senators

Review the Message

A sample letter appears below, but a message written in your own words will be the most effective.

Subject:*

Dear (recipient name),

Half of the $700 billion in economic bailout funds has been spent so far.  But the original problem that caused the economic collapse – housing foreclosures – is getting worse, not better.  Foreclosures on all types of mortgages are still occurring at an annual rate of 2.3 million.   These losses, in turn, are draining local resources from communities – jeopardizing funding for services like police, fire and rescue, and even public schools.

Unless the government focuses more attention on local communities, many of us who are feeling the pain from the recession will not see any relief from the historic amounts the government is spending.

I am calling on you to ensure that the second half of the bailout funds are used to help those hit hardest by the economic crisis.

In addition, protections must be put in place for proper oversight of our tax dollars.  The bailout funds must be allocated in an open and transparent manner, with strict accountability policies in place.  And the bailout must serve the public interest by helping struggling Americans.   I'm concerned about the Government Accountability Office report stating that the program lacks ways to ensure that banks are properly using the bailout money, and urge you to address this problem immediately.

Thank you.

You will receive an email confirming that your message was sent. Check the box if you would also like to receive a copy of this letter.

Taken action before? Just enter your email address and click 'GO'. If not, please fill in the registration form below.

Your email address:
Click Submit Button:

Your Information

*Required Fields

First Name*
Last Name*
Address Line 1*
Address Line 2
City*
State*
ZIP/Postal Code*
Country*
Email*

Click Submit Button:

Sign Up for Email Alerts