Issa Deregulates While the Troops Get Evicted

“Support our troops!” rings the familiar battle cry of many Republicans in Congress. However, a new post by Courage Campaign calls attention to how, when talking about supporting the troops, they sometimes do not (literally) put their money where their mouths are.

Darrell Issa, Chairman of the House Oversight and Government Reform Committee, says he supports helping America’s soldiers obtain a good loan for housing:

In the 110th Congress, I supported H.R. 551, the “Home Ownership for America’s Veterans Act of 2007.” This bill will allow veterans entering the military after 1977 to participate in the Cal-Vet home loan program. The Cal-Vet program offers below market interest rate and little to no money down on home loans for qualified veterans purchasing a home in California. Currently, military before 1977 are afforded this opportunity. This benefit should be extended to our many members of the armed forces entering after this date.

 Unfortunately, the economic recession caused by Wall Street recklessness has hit military families disproportionately hard, and thousands of military families are losing their homes. If there was ever an appropriate target for an investigation, these bigwig bankers would be it.

The trouble is that the financial sector supplies plenty of campaign cash to Mr. Issa, so it is unlikely that we will see any meaningful oversight or reform in this arena any time soon, at least not while the Chairman prioritizes deregulation for the benefit of his corporate backers over all else.

Meanwhile, the troops are losing their homes.

PFAW