MORTGAGE HOLIDAY

The Issue

Mark Hemstreet, CEO of the SHILO Hotel chain, has written a proposal to revitalize the economy through a "Mortgage Holiday."  The proposal is outlined completely at the website: www.saveoureconomy.com  It proposes an up to one year holiday on paying mortgages, to allow monies to be used to pay bills, finance home repairs, buy big ticket items, etc.  The Program would be a voluntary program...those persons who did not want to take part or did not need for this financial crutch, would not have to participate...The proposal is comprehensive and should be reviewed in its entirety.

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The Issue

Mark Hemstreet, CEO of the SHILO Hotel chain, has written a proposal to revitalize the economy through a "Mortgage Holiday."  The proposal is outlined completely at the website: www.saveoureconomy.com  It proposes an up to one year holiday on paying mortgages, to allow monies to be used to pay bills, finance home repairs, buy big ticket items, etc.  The Program would be a voluntary program...those persons who did not want to take part or did not need for this financial crutch, would not have to participate...The proposal is comprehensive and should be reviewed in its entirety.

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Petition created on March 14, 2010