For Release: February 27, 2012
Contact: David Almasi at (202) 543-4110 x11 or (703) 568-4727 or [email protected]
Occupy Occupy D.C. Demands End to Taxpayer Bailout of Fannie Mae/Freddie Mac
Freedom Plaza Protesters Seek to Save Hard-Working Americans From Others' Debts
Washington, D.C. - Members of the National Center for Public Policy Research's "Occupy Occupy D.C." street team will stage a rally on Monday at noon to demand an end to the continued taxpayer bailout of quasi-federal mortgage-holders Fannie Mae and Freddie Mac.
The protest to free the American people from a tax burden that has already cost over $150 billion will take place at Washington, D.C.'s Freedom Plaza (13th and Pennsylvania Avenue NW) at 12:00PM eastern.
"Too many hard-working Americans are having enough trouble paying their own mortgages, along with high fuel bills and rising consumer prices. Why must these people also take on the added expense of the millions of bad home loans that Fannie Mae and Freddie Mac have on their books?" asked David Almasi, executive director of the National Center for Public Policy Research and director of the National Center's "Occupy Occupy D.C." project. "Through the quasi-governmental Fannie and Freddie, the federal government now has a virtual monopoly on home loans. As a result, those who made prudent lending decisions must now take on additional debt that they would have never sought on their own. That is not fair. The federal bailout of Fannie and Freddie must end."
The National Center has obtained a five-week permit for Freedom Plaza in order to share the plaza with left-wing "Occupy D.C." protesters. Since February 13, it has sponsored noontime events every weekday.
The National Center for Public Policy Research, founded in 1982, is a non-partisan, free-market, independent conservative think-tank with over 100,000 recent supporters. Contributions to it are tax-deductible and greatly appreciated.