November 17, 2007 (LPAC)--Philadelphia Congressman Chaka Fattah (D), chairman of the House Urban Caucus, wrote to George Bush yesterday, calling on him to "declare a six month moratorium on all foreclosures" as a "stop gap measure until long term measures can be implemented to address this national crisis," according to a release from his office carried by PR Newswire and U.S. Newswire.
Lyndon LaRouche's call in August for a moratorium on foreclosures is now being widely taken up. But, to erect a viable firewall of protection around the American people, that moratorium must be joined by LaRouche's measures to protect the regular banks as emphasized in his Homeowners and Banks Protection Act.
While Congressman Fattah is raising this issue, 45 members of the Pennsylvania Legislature, his own state, are calling for Congressman Fattah and other Congressman to adopt the specific and powerful legislation of LaRouche's Home Owners and Bank Protection Act.