Congresswoman Castor's statement on Senate Amendments to H.R. 3997 - Emergency Economic Stabilization Act of 2008

The bailout bill does not address the fundamental root causes of the economic crisis or the concerns I have consistently expressed. After assisting hundreds of Tampa Bay area families at my foreclosure workshops this summer, I could not in good conscience vote for a $700 billion Wall Street bailout that does not help middle-class families. They need mandatory “workout” provisions that require refinancing so they can achieve a little breathing room, keep paying mortgages and remain in their homes. Keeping families in their homes in our community means that our neighborhoods will not deteriorate and our property values will not fall.