Thursday, March 08, 2007

The Ram in the Thickets (02-01-07)

At the end of the year you found us relying on the words of a prophecy that promised our release. Obviously this did not happen and I’m not offering a clear exclamation as to the reasons why. What I can offer you is how the Lord used that situation which did make a lot of sense to me. One of the greatest mistakes I think we make as Christians is trying to box God into the black and white reason of our intellect. This is expressed in simple terms like the prophet is false, I don’t hear God’s voice, God is not able to keep either within His will, or the thousand variations of this thought. I even wrangled with them. This is really what the book of Job discusses plainly. Job knows God’s ways and has diligently followed them. In his disaster he still sees God supreme but is confused by motives that don’t register with his reason. He proclaims what he knows and continues to trust this even though the picture no longer makes sense. That was the great character of Job that God was honoring. His friends were stuck in the same rut of God punishes evil meaning Job’s professions of innocence were further evidence of his evil. All were blind to what God was doing until He chose to reveal it. These were not men seeking evil but men who revered God missing the mark.

When I tried to make sense of my confusion I went to the word. Two men I admire as greater than I are Abraham and Paul. Did they ever find themselves where I was and how did it get resolved. Paul was taught by Christ 3 years in the Arabian Desert. If he erred why wouldn’t I? Paul always taught, spoke, and believed in the Lord’s return imminently but 2000 years have passed. Why did God allow this error? His teaching which I rely upon now would probably not have come if he didn’t have a sense of urgency that the people understand and know the signs of His coming. If he had known of the delay he would have focused on the more pressing issues of the time. The effect of his ignorance is God’s will accomplish and blessing for many. Just like Job. Is God cruel to use men this way? Certainly not! I knew I was obeying God and tracking on His intentions for me but His plans in this exercise were clearly outside my revelation of His ways. This is why I harp on faith and obedience so much. Though it appears risky because we are confused this is how we are expanded into the vastness of a God that is supreme over us. It is an evil temptation to create a God of our reason. You see it here on this blog where simpletons profess themselves wise by being the reasonable mouthpiece of God. God never being able to fit into their box never will.

Next I look at Abraham. At the burning bush incident with Moses God identifies Himself as the God of Abraham a stellar sanction worthy of regard. Then I noticed in Exodus 6:2-3 that the I AM God had not revealed Himself to Abraham. Meaning Abraham was blessed, faithful, obedient and still ignorant of his God. I went to that confusing part of Abraham’s life where he was commanded to kill Isaac. Here I will add that the book of Jasher (The upright record) has a lot more detail on this story that is helpful. Abraham knows that the promise is through Isaac and no one else. He also knows that God abhors human sacrifice because he left the culture of Nimrod who practiced this. Now he gets the unthinkable, irreconcilable, unreasonable request to sacrifice Isaac. God is up to something but Abraham is ignorant as to what it could be. This does not preclude him from responding in faithful obedience nor does it preclude us. Contrariwise it really is a call all the more to press into trust because if what we know is true we are still safe and God is showing Himself greater than His creation once again. Abraham made his faith proclamation in Genesis 22:5 that he and the boy will go worship and be back. He had no idea how but he knew what he knew about God, the promise and the call to worship, which is a cognate of worth-ship. He knew God’s greatness was His worth-ship and his confusion was evidence of this not contrary proof. The burnt offering was the most senseless offerings from a reasonable point of view but symbolic of the truest form of worship. God gets everything, nothing left for this world. The life of this world completely consumed for the benefit of God. Christ Himself being the perfect consummation of this symbol and is why it is the faith of Christ that saves. Abraham has Isaac bound on the alter. We must even bind our promises to the use of God. Now he raises the knife willing to slay the gift for love and trust of the giver. Here’s what caught my attention. God stops Abraham and turns his eyes to a new revelation, the ram caught in the thickets by its horns. In Jasher you find out that God sent the ram charging towards Abraham but the devil trapped it into the thickets. Abraham for the first time discovers Jehovah-Jireh the providing God. God had always provided for Abraham but it was this test that brought that revelation to heart. Would the revelation arrive without the confusing test? Who is to know but it did arrive with the test.

More things I was able to glean. First God shows His nature by sending His provision His blessing charging towards us. Christ again is the perfect picture of this. The devil throws in the thickets to throw off the timing of arrival. This tempts us to bring a charge against God. I always joke the only thing I think God needs that I can give Him is a clock. His timing always seems off. Maybe not! The ram’s horn was also a shofar blown as a call to worship. Worship was leading the charge of blessing and we can certainly see this in Abraham’s actions, Christ’s actions, how about yours? The thickets then were not only to delay the timing but to smother the worship. When the prophecy did not come to pass and I was certain of my hearing and their speaking being of God this was the great temptation within me to stifle worship. Fortunately for me the discipline of pressing into God in my confusion turned my eyes to His revelatory provision. What of you? Dorean has taken a wild turn perhaps making you question whether you truly heard God’s voice. Have you allowed the delay and confusion to tempt you into complaint instead of worship? God is in charge. God is wiser than your understanding. Like Job when I understand nothing I know this that my redeemer lives. (Job 19:25-26) Zechariah in 11:3 when discussing those who appose the blessing “Listen, the roar of the lions for the thickets of the Jordan are destroyed.” The Jordan was a barrier to the promise like the thickets but faith with worship puts an end to them both. Now my prayers have changed by the insight of Zechariah in conjunction with this revelation from Chapter 4:6-7. It is by the spirit of God I pray against the thickets and to God’s plan and blessing I shout “Grace, Grace to it.” God has turned my eyes in the spirit to see Him greater than I ever had before. My confusion, embarrassment, and ridicule is all a small price to pay for my new treasure. May the God of revelatory wisdom turn your eyes to His greatness. If He does join me in His deserved worship, prayer against the thickets and shouts of Grace, Grace to His plans. Hope this helps you as it helped me.

41 comments:

son of a prophet said...

"One of the greatest mistakes I think we make as Christians is trying to box God into the black and white reason of our intellect.



---------------------------



from my experience, Yeshua always gives us what we pray for, just not in the time frame we expect, but usually much longer than we expect.


this gives us time to do His will otherwise we wouldnt.

if we got everything taht we pray for immediately, in short order we would completely forget who gave it to us and become apostate.


if one prayed for $1 million dollars tomorrow and got it tomorrow, you would forget about god very soon and soon there would be no one to do His will as everyone would pray for large amounts of money and chaos would ensue shortly.


also, i have found that when god finally does give you what you pray for, one of 3 things have also happened....

1) you find that it is not what you really wanted anymore,(possibly because of the previously unforseen problems that it brings) or

2) you have moved on to something else, so it is not as important as it once was or....

3) if it was a material thing (money, car, boat, etc) you have increased your spiritual wisdom manyfold so that you no longer even desire physical/material objects but thirst for wisdom only.


sort of like a monk, who is only interested in increasin his spiritual wisdom, but better than a monk, as a christian has the HS giving him wisdom which is far superior.


------------------------------


from whence the true saying comes from....


"...be careful what you pray for; you just might get it."

son of a prophet said...

Phil. 4-11

"...to be content in whatever state that I find myself..."



(whether rich or poor, free or bond)

near the end said...

"Secretary of the British Treasury"; Wow; I told you guys gotta be patient wait till the media gets a hold of this;

The longer it goes on the better for Kurt and Scott the worse for them!!!!!

near the end said...

Worse for the courts!!!!

light1rae said...

Kurt,
With all that said, the truth must come out. So finish the race and STAY THE COURSE! Our FATHER will bring the Light into the darkness. You are not alone in this my brother.

R&P

justice77777777 said...

near the end said...
Worse for the courts!!!!

You aren't very smart are you?


Hey Kyhooey, how about a cliff's notes version in the future? I may actually read it.

Pauligirl said...

Mogel...about that Robert E Ward thing....


the case was reopened 1/9/03
he lost
property was foreclosed 3/2/05 and sold to one Mr. Martinez for $83,100.00

neodemes said...

just goes to show you, mongrel's vast knowledge is half-vast, at best.

LOL

mogel said...

Pauligirl: Can you post the appeal and what happened in the appeal in the case of BancOne vs. Robert E. Ward? I have not read it, but would like to. What was the basis for the appellant court reverseing the lower case decision? Also, was Ms. Fugate or whoever issued this Bill of Exchange which in essence was suppose to pay off the mortgage, ever prosecuted for passing a fictitious instrument? If not, how come? Aren't there some unanswered questions here? Pauligirl, why do you think the lower court ruled the way they did?

Pauligirl said...

mogel said...
Pauligirl: Can you post the appeal and what happened in the appeal in the case of BancOne vs. Robert E. Ward?

Wish I could..I'd like to read the whole thing. All I could find by following your link was an abstract of the case, not an actual transcript. How did you get the part you found?

mogel said...

Doesn't it seem odd that this case of BancOne vs. Robert E. Ward was filed in July 2001 in Florida, and it took almost 4 years later until March 2005 before the house could actually be foreclosed and sold by the bank?

If Dorean clients needed to stall the bad behaviour of their lender that long by strategic manuevering until settlements can be finalized, there sure wouldn't be all the negativity and complaining we hear on this blog. Theoretically, all dorean clients, even those that stopped making monthly payments, would still be in their homes since the process hasn't been around that long yet.

Kurt brought up a good point about the clients needing to do all that they can to MITIGATE DAMAGES.

Pauligirl said...

mogel said...
Doesn't it seem odd that this case of BancOne vs. Robert E. Ward was filed in July 2001 in Florida, and it took almost 4 years later until March 2005 before the house could actually be foreclosed and sold by the bank?

I guess it had to go though an appeals stage. I don't know how Florida foreclosures work. How did you find what you found? If I can get to that, I may be able to find the whole thing.

mogel said...

Pauligirl said: "Wish I could..I'd like to read the whole thing. All I could find by following your link was an abstract of the case, not an actual transcript. How did you get the part you found?"
___________________________________

At one time I had a link to the proceeding of the lower court & read it, but at the time, I assumed that link would always be around on the internet somewhere & obviously, I erred in that assumption. I only copied down parts of the court proceeding that I posted, and I've lost the link somewhere that I had. It's probably no longer available to pull up anyway, even if I could find it in all of my paperwork.

I knew a while back you said it had been overturned, but since I was never able to read the appellant stuff, I really was in the dark on what happened.

I was aware that there was an appeal after Bank One lost though, however, I wasn't aware of what their basis was for an appeal.

Like the Credit River Case in Minnesota in 1969, the banks never take a loss like this lightly, & ALWAYS APPEAL.

Pauligirl said...

mogel said...
Like the Credit River Case in Minnesota in 1969, the banks never take a loss like this lightly, & ALWAYS APPEAL.
---------------------
Speaking of which..did you read the bank attorney's version of what happened in that case...Daly and Drexler stacking the jury..when there wasn't even supposed to be jury? It's posted on that last thread where we were discussing it.

near the end said...

BRUCE W. MACOMBER/NEMO, WHY DID YOU FILE "BANKRUPTCY"?

MY BALD HEADED FRIEND!!!!!!!!!!!!!

near the end said...

IT ONLY TAKES ABOUT 4 MONTHS TO FORECLOSE IN FL.!!!!

KYHOOYA said...

justice77777777 said...

Hey Kyhooey, how about a cliff's notes version in the future? I may actually read it.

***********************************

Sure thing Jusicass 777 I'll post a version that would be more at your level of comprehenion if you need that to understand what I wrote. It's not that I care much, but are you really as stupid as you are seen to be on here I only ask because to act as if you did'nt read my post and understand what was stated in it, is like saying your not here to distract people from getting to the truth and that your not part of the problem to boot.

So all though it is nothing but a waste of time to do this I'll go ahead and put together a some what dim witted version for you. That way at least I can say I did my part to stop the ever growing problem of Illiteracy that you and so many more suffer from today.
It would seems kinda a waste of time without that now would'nt it?

You know without ever meeting you face to face I already can say without feeling like I'm prejudging you by doing so that somewhere 'PUNK BITCH' fits into your title and or class-if-a-ksin.

Your as easy to see throught as the ones I talked about in that post you did'nt read. So keep being you it just prove my point that the Dorean group was making a large enough dent and doing so by using the very rule's writen by the banks that also convince poeple like you that there the ones in the right. Or is it just that you like the fact of being part of something that rips people off? What a great lifes work, cheating and lies that as I heard one broker say to me in his attempt of explaning why he was'nt getting the best deal for me or was it making the Title comp. cut their fee's do to the fact that I had just had a loan the year prier so there was'nt much risk to them I can't recall witch one it dos'nt matter much though. The point being as I was saying he was'nt getting me the things thhat were his job and the right thing to do because he said "it a small group around here so if you mess with the program word gets around fast and your out of business" I would think your more than not proud to part of a group such as that as I said what a great Title for a job are you sure you would'nt be happier as a Car salesmen I hear they are'nt muchbetter then you but at least the public expects the way their going to be treated before hand and the loss of a car is really know equil to that of your lifes work now is it?

say what you will but the facts become clearer everyday about the Gov'ts need to shut down Dorean and not because they were wrong but because they had amassed a larger than most group that was about to explode and cause big problems for the countries banking system we know today. Eveything that is being done shows the fact that the case against these two is a total stall tactic in their systimatic disolvment of the group without causing a back lash that would bring on even more people to their plite against the banks.

You have to see this eevryone and that this shit for brains is here to do nothing but divert you from seeing just that.

Just an ass 7777 waste someone elses time if you must but the time I have to spend on you will be nothing more than to tell you to fuck off for lack of another word at the momment. But hey I'[ll see if I can come up with a few more words to discribe you that are less abrasive ok so Go wipe thoses little eye's and well how about yu just go?

that work for me see ya 'Pal' !!!

even this was more time than you should be given.

l8r

near the end said...

justice77777; Would you be upset if I post your phone number?

I know who you are!!!!

mogel said...

Near the End: He must not mind since he hasn't said otherwise.

mogel said...

Pauligirl said: "Daly and Drexler stacking the jury" ...
_________________________________

If that could be proven, why was this not brought up in Daly's sanction hearings as a huge issue?

Wouldn't that have been reason enough & maybe the best reason to void the lower court verdict without searching for other silly reasons to void the lower court ruling?

Why don't you post again that link where the banks attorney version is discussed about the jury stacking.

son of a prophet said...

better you give him a jangl so he do no ho yo r.....yo be a no ne mouse.


www.jangl.com

near the end said...

No mogel he may have a legit legal issue if I did; but it is tempting.

son of a prophet said...

....ok, here a new won fo yo.



INDYMAC BANK V. TAMBRA ROGERS

JAN. 2007


RESULT:___________________________



bet nobody got this one????

Pauligirl said...

mogel said...
Pauligirl said: "Daly and Drexler stacking the jury" ...
_________________________________

If that could be proven, why was this not brought up in Daly's sanction hearings as a huge issue?

Wouldn't that have been reason enough & maybe the best reason to void the lower court verdict without searching for other silly reasons to void the lower court ruling?

Why don't you post again that link where the banks attorney version is discussed about the jury stacking.

------------------------
I don't know why it wasn't brought up. It's hard to get a true handle on an old case with only the peripheral paperwork to go on.

Pauligirl said...
mogel said...
Pauligirl said: "In fact in a "Return to Order to show Cause" filed by Mahoney, he makes this statement "5. That the Plaintiff "Bank" did not appear at the hearing set by me
to consider the legal basis for their claim that the paper fiat Federal Reserve
Notes are a legal tender."
___________________________________

First of all, there are usually many hearings in a court proceeding and besides the Bank's President's statement was at the trial itself, not a preliminary hearing that went unattended by the bank.

---------------------------
Not in this case. Daly had been foreclosed prior to this and refused to vacate. This was supposed to be a simple hearing on unlawful detainer. The bank's attorney, Melby,was surprised when
Daley called for a jury. According to Melby, here's what happened:
I, Theodore R. Mellby, being duly sworn, on oath,deposes and states:
I am the attorney for plaintiff in the above entitled action.
The procedure followed in this action is important to a thorough understanding
of the deliberate attempt on the part of Martin V. Mahoney and Jerome
Daly to harass bank officials, lawyers and the Court by disregarding the Order
of the above Court dated January 30, 1969.
On June 26, 1967, the First National Bank of Montgomery, Minnesota, (hereinafter
referred to as Bank) foreclosed its mortgage on real estate owned by
Jerome Daly. The mortgage is dated the 8th day of May, 1964, and recorded in
the office of the Register of Deeds for the County of Scott, State of Minnesota,
as document #113751. The redemption period expired on June 26, 1968, and Jerome
Daly refused to peaceably relinquish possession of said real estate.
On August 28, 1968, the Bank commenced an unlawful detainer action against
Jerome Daly. Service was not effected at least three (3) days prior to date of
hearing.
The unlawful detainer action was refiled with Justice Vern Mabee on 9-9-68
and 9-26-68 but service could not be effected at least three (3) days prior to
the date of hearing.
On October 10, 1968, the unlawful detainer action was refiled with Justice
Vern Mabee and Jerome Daly was duly served. Jerome Daly served an affidavit of
prejudice against Justice Mabee and the file was transferred to Justice Ben
Morlock. On October 14, 1968, I filed an affidavit of prejudice against Justice
Morlock. The file was transferred to Justice Martin V. Mahoney.
The unlawful detainer action was tried before Justice Martin V.Mahoney, Credit River Township, Scott County, Minnesota, by a jury of Twelve
(12) on December 7, 1968. The Court also included Justice William E. Drexler,
1602 Selby, St. P1, Minnesota, who informed he was an attorney.
The trial began promptly at 10 o'clock A.M. The defendant, in open
Court, requested a jury of twelve (12). This was the first time defendant knew
the matter was to be tried to a jury. A jury of twelve (12) was impaneled.
I requested to see the list of jurors required by M.S.A. 531.34. The court
was unable to furnish me with a list of petit jurors or explain the manner in
which these perspective jurors were selected. Because of noncompliance with
M.S.A. 531.33, 531.34, and 531.35, I challenged the jury panel and my challenge
was denied. At this point Justice Drexler admonished me "Get Going', because
he wasn't going to spend all day trying this case". Justice Drexler asked the
jury panel several introductory questions and permitted the respective parties
to conduct the voir dire. I was personally aware of the fact that William
Wildinger, a member of the jury panel, was a handy man in the defendants law
office. I asked several questions calling for answers intending to indicate
this juror could not be fair and impartial. I moved to strike William Wildinger

for cause and Justice Mahoney granted the challenge. Next, I asked Mr. Daly
had represented any of the jury panel in the capacity of an attorney. Ray
Warren, a juror, indicated that Mr. Daly had represented him and that his case
had been settled on Friday, December 6, 1968. I moved to strike Mr. Warren
for cause and Justice Drexler informed me that motions to strike for cause were
not allowed in Justice Court. I protested very strongly and was informed by
Justice Drexler that the voir dire could not be conducted on an individual
jury basis and I would be permitted to ask only questions directed to the
entire jury panel. Justice Drexler again announced that he wanted to "get going
with this trial so it didn't last all day"' With respect to my motion to strike
jurors for cause in Justice Court, see M.S.A. 531.41.
At the conclusion of the voir dire the jury panel was down to eleven (11)
members. Three talesmen were called making a panel of fourteen (14) jurors. The
defendant waived his pre-emptory challenges but I did not. I informed the court
that if I exercised all pre-emptory challenges the jury panel would be less than
the twelve (12) requested by the defendant. Justice Drexler informed me that
Justice Mahoney's brother was in the back of the Courtroom and that he would
be called as a perspective juror if I insisted on using all of my pre-emptories.
I objected, my objection was overruled. I struck Mr. Warren and Eric Alstrand
and waived my remaining pre-emptory challenges.
Prior to the submission of my evidence I cited M.S.A. 530.03 and
requested to the Court to convene the trial in a more suitable quarters. The
Courtroom was connected to a saloon by two inside doors. The saloon and the
Courtroom was divided by an area where groceries were on shelves. My motion was
denied.
At the conclusion of the trial the defendant submitted requested questions
to the jury. I objected, citing M.S.A. 530.04 which indicates that no Justiceof the Peace shall charge the jury. Justice Drexler sustained the objection.
Justice Drexler indicated, however, he would allow the defendants requested instructions
as an exhibit. I objected and my objection was overruled. The exhibits were
numerous and included several books offer by defendant. Plaintiffs exhibits
included the banks foreclosure record. The jury deliberated ten minutes.
On march 28, 1969, I was informed that Jerome Daly represented William E.
Drexler, William Wildinger, and Leo Zurn in the recent past. The legal issue
raised by Jerome Daly in representing these people, all of whom were involved in
the unlawful detainer action before Justice Mahoney, was the unlawful creation of
money and credit. I am attaching documents to substantiate this fact. I am also
enclosing a list of the jurors I prepared at the time of the unlawful datainer
action trial.
The sole argument used by Jerome Daly at the time of trial of the unlawful
detainer action was that Federal Reserve Notes did not constitute legal tender and
that Plaintiff unlawfully created money and credit. Attached is a permanent
injunction restraining Jerome Daly from commencing or prosecuting any suit, action
or proceeding in any Court regarding unlawful creation of money and credit.
On December 9, 1969, judgement for defendant was entered in Justice Court,
Credit River Township, County of Scott, Justice Martin V. Mahoney. Affiant verily
believes Jerome Daly drafted the judgement and decree aid memorandum of the Court
attatched thereto.
Plaintiff duly appealed therefrom to the District Court, Scott County,
Minnesota. On January 6, 1969, Justice Martin V. Mahoney, Credit River Township,
Scott County, Minnesota, issued in NOTICE OF REFUSAL TO ALLOW APPEAL, a copy of
which is attached. Affiant verily believes Jerome Daly drafted said document
asserting the Two dollars ($2.00) remitted to Justice Mahoney was not legal tender.
On January 8, 1969, Honorable Harold . Flynn, Judge of District Court, Scott
County, Minnesota, issued an ORDER requiring Justice Martin V. Mahoney to show
cause before his Court on January 17, 1969, why he should not make a return on
appeal.
On January 15, 1969, defendant filed an affidavit of prejudice against the
Honorable Harold E. Flynn with the Clerk of District Court, Scott County, Minnesota.
On January 16, 1969, Honorable Harold F. Flynn issued ORDER TRANSFERRING
TRIAL to the Honorable Arlo E. Haering, the Chief Judge of the First Judicial
District. Haering on the Order to show cause was noticed for hearing on January
24, 1969.
On January. 20, 1969, defendant obtained an exparte order from Justice Martin
V. Mahoney ordering plaintiff to appear before said Justice on January 22, 1969,
to show cause why the Justice Courts notice of refusal to allow appeal therein
should not be made absolute. Plaintiff did not appear.
Hearing on the District Court Order to show cause was duly held on January
211, 1969. On January 30, 1969, Honorable Arlo E. Haering, Judge of District
Court, McLeod County ordered Martin V. Mahoney, Justice of the Peace, Credit River
Township, County of Scott, State of Minnesota, to make return on appeal to the
Clerk of District Court in and for the County of Scott, State of Minnesota.On February 25, 1969, defendant appealed to the Minnesota Supreme Court.
Defendant did not comply with Rule 107, Civil Appellate Procedure. On March 26,
1969, plaintiff made application to the Minnesota Supreme Court for an order dismissing
defendant's appeal.
On April 15, 1969, the Minnesota Supreme Court dismissed defendant's appeal.
On : – -- 1969, I contacted the Clerk of District Court, Scott
County, Minnesota, and was informed that Justice Martin V. Mahoney had not complied
with the order of the Court dated January 30, 1969, by making a return on appeal.
Further Affiant sayeth not
Theodore R. Melby
--------------------
Please excuse the missing letters and mispelling. I was copying from old files converted to pdf docs.
__________________
Oh, and Drexler was one of Daly's clients (for not paying his income taxes) From his case:William E. Drexler,
Defendant.
NATURE OF CONTROVERSY
The state of Minnesota served a summons and complaint on the
defendant, William B. Drexlor, on September 9, 1968, alleging that
he has not paid the penalty and interest on his 1965 and 1966 Minnesota
individual income taxes. The plaintiff received, within twenty days
after service of the summons and complaint, an answer and a counterclaim
from Jerome Daly, attorney for defendant, and an answer from
William R. Drexler, attorney pro so. The counterclaim alleged that
the State of Minnesota is in conspiracy with the Federal Reserve and
national banking system to defraud the defendant and the people generally
by the illegal creation of money and bank credit. One million dollars is
the relief requested in the counterclaim.
(They lost)
--------------------
Do you see a pattern here? The jury was made up of people that either worked for Daly or were his clients. The attorney Drexler was a client. Daly wrote the opinion.

How did Daly end up? Disbarred.
Most of the filings are available here:
http://www.fights4rights.com
/1/daily.php

son of a prophet said...

whos zoomin' who??





Fed warned of foreclosure crisis as loan growth slows

By Craig Torres and Carlos Torres
Bloomberg News

Article Last Updated: 03/08/2007 10:00:37 PM MST


Federal Reserve Chairman Ben Bernanke and other policymakers were warned that rising mortgage foreclosures are likely to get worse, as the central bank on Thursday reported the slowest pace of loan growth in four years.

The Federal Reserve Board's Consumer Advisory Council, including consumer advocates and banks, met in Washington, with Bernanke and Fed Governors Susan Bies, Randall Kroszner and Frederic Mishkin in attendance. Home-mortgage foreclosures were the first agenda item, and the officials heard anecdotes of default and families at risk.

"We have found neighborhoods with abandoned homes, 200 at a shot," said Louise Gissendaner, senior vice president and director of community development in Cleveland at Fifth Third Bancorp, the 10th-biggest U.S. bank by assets. She said abandoned housing has "devastated our city to a great degree."

Mortgage borrowing rose by $792.5 billion last year, the smallest gain since 2002, according to the Fed's quarterly Flow of Funds report. The increase last quarter was the smallest since 1998, as two years of Fed interest-rate increases depressed loan demand and slowed the housing industry.

The Fed raised its benchmark rate to 5.25 percent in June, compared with an average target of 3.2 percent in 2005, a year when net new mortgage borrowing soared by a record $1 trillion. Economists surveyed by Bloomberg News expect the Fed will hold the rate through the third quarter, the median estimate shows.

Fed officials heard stories from Denver, Cleveland, Philadelphia and New York, where neighborhoods are deteriorating as borrowers struggle to pay loans or abandon their homes in foreclosure, a process where lenders take possession of property.

Bernanke and the other governors didn't comment on interest rates, the economy or the direction of regulatory policy. They listened to comments from advocates and bankers, who indicated that foreclosures are likely to increase further.

"We feel like a canary in a coal mine," said Stella Adams, executive director of the North Carolina Fair Housing Center in Durham. "It is sad for us to know that there are 1.2 million families at risk from foreclosure."

Some 1.2 million foreclosures were reported nationwide last year, up 42 percent from 2005, according to Irvine, Calif.-based RealtyTrac, which has a database on foreclosed properties.

Delinquency rates on real-estate loans rose to 2.11 percent for all banks last quarter, the highest in four years, according to Fed data unadjusted for seasonal patterns.

Much of the deterioration in mortgage quality was the result of subprime loans, or credits to borrowers with little or poor credit history. Banking regulators on March 2 issued proposed guidance on subprime mortgages.

Consumer advocates at Thursday's meeting said poor underwriting standards in the subprime market were behind the rising foreclosure rates.

"We are facing a foreclosure crisis in this country," said Adams. "There is a distinct problem in the subprime market that is contributing to the foreclosures."

son of a prophet said...

"We have found neighborhoods with abandoned homes, 200 at a shot," said Louise Gissendaner, senior vice president and director of community development in Cleveland at Fifth Third Bancorp, the 10th-biggest U.S. bank by assets. She said abandoned housing has "devastated our city to a great degree."



We feel like a canary in a coal mine," said Stella Adams, executive director of the North Carolina Fair Housing Center in Durham. "It is sad for us to know that there are 1.2 million families at risk from foreclosure."



1.2 millon?? you aint seen nuthin' yet.


dun woorry. they govt. has put showers in the condensation camps fo yo.

son of a prophet said...

the "planned" ecomonic destruction of the UNTIED STATES OF AMERICA© continues.


and you know who all dose homes is goin' to doncha??

the frito bandito and the coffee guy, what his name....wahn valdais and dey done need no moogage to buy
it cause they got no id to get the mortage. govt. give to them fo free. no gingos need apply.

LOLO!!!!

son of a prophet said...

lot easier to take over a country when the peeples you takin over done have a house to live in.


guys in neos line of business can make a killing in the next few years (provided he hires a translater)


not being derogatory of neo, here, just stating the facts as they are.

son of a prophet said...

We have found neighborhoods with abandoned homes, 200 at a shot,"
---------------------------------


i recetnly drove by some of these "200 a shot" neighborhoods, and it wasnt in the bronx, ny either.

mogel said...

SOP: What is the win against Indymac about? Was this a secured debt or an unsecured debt case?

son of a prophet said...

they just had a big "illegals" raid in massachewsits.



guess who came to the rescue with food and shelter????


pick one_____


Saint X

Saint Y

Saints Y and Z

Saint ______ (fill-in you own)

now, 2 + 2 = 4

so, now you tell me who all behind the ecomic destucion of the USA???


RIGHT. YOU GOT IT!

what did the bible says: the ac from the city on 7 hills. (roam)



see, they smot. they no that yo cant complain because who would complain about giving food and shelter to poor peeple??

no one. even tho they just using these peeple to destroy the USA.

when they done using them to destroy USA, they will throw them to dogs just like everyone else.

mogel said...

Pauligirl said: "How did Daly end up?"
____________________________

Daly ended up with his house with him still living in it, did he not? It must have been worth it to him.
I suppose if he really wanted to practice law still, he could get another license in another State to practice law. Isn't that what lawyers do when they get disbarred?

I heard of one lawyer who lost his State license, but had a Federal license still to practice in the Federal Courts, so when he was asked if he had a license to practice law, he said, "of course I do."

son of a prophet said...

mogel said...
SOP: What is the win against Indymac about? Was this a secured debt or an unsecured debt case?






check you email at yuhoo.

son of a prophet said...

i have more info, but as it was sent by email to me, i MUST respect ones privacy.

sorry, thats all i can provide and even that is not in the public domain right now so please keep it private.

son of a prophet said...

also, regarding the info you sent me to that email box, i only jsut went into it now

i only created it for that one time use that you wanted to send me something.

but thanx anyway for the info.

someone had already alerted me to the WT programs earlier.

as far as fusionats, i dont really want to put in $250 for the privelege of investing there.


it seems like a good program at a very high rate and will probably do well, still, i cant see the 'fee' just for joining even tho you probably make it back in one month.

its a "principal" thing o guess.

KYHOOYA said...

Hey Just-ass 7777 what gives you ask for a more condenced version of my posting and it waiting for you why no responce back about it?

Oh don't bother I think I have a good idea why your not posting anything about it, its gone into the weekend and your not sitting in front of that computer at work twittling your thumbs all day.
That would just go to show you if you hire a guy like you your paying 100% but only getting 10% back the rest of the 90% of the time paid for is just you plaing with yourself all day debating wheather or not your line of business is fiull of crooks or not .

I think that about end's that debate, now don't it!


Slacker!!! now go get a job worth doing you know something that's not charging people for the push of a button and alking to the printer to get the resultes out of it then adding a paperclip and sitting there with no real advise for your customers.

I guess the bank's is your REAL customer right?

I guess what that broker said to when I asked him why he was'nt finding out about a problem the lender was causing andd working on stopping it when he said "Look I have to work with these guys after this loan so I'm not saying anything"
Seeing how he thought my back was against the wall and had to take his junked up last min interesrt ajuting up loan. Oh and lets not for get the wife who was thge signing agaent and was making a grand for doing so all though she did have to cut her shopping trip at the mall short to do my signing so I guess that is worth the grand for getting the papers out of the fax and driving daow the street 10 blocks and then bring them back home to and sending them to the lender Oh thats right she was at the mall shopping ok make that across town on her way home she brought the paper by to sign = $1000.00 it must be nice if you can trap ... OH my mistake i ment find the work who would think that a broker would trap customers and take adantage of them I never would say that .. sure I would..!!!


Boy were'nt they .. well her mostly surprised when I canceled the loan after signing you know some times that little recision law is nice to have around. Add 1.5 % to the loan at the last min and think I'm going to chock on it he can go fuck him self. I'll go get screwed by someone else before I'll let soemone try that and get away with it.

Just an ass your just part of the problem pal rep what you sow cuzzy it will come back at you soon.

KYHOOYA said...

Lissen to all the lawmakers running around say the foreclosures are what they think is the results from the Subprime market. NO SHIT! Really ya think so? What a bunch of dumb asses or are we to beleive that their that stupid and go along with them and their gult free act.
You bet subprime but more to the crooks ripping people off is what put them into the place they are not the fact that they were looking for more than they could handle it's just they had know chose by the time the broker and the rest6 of the un watched buch got through.

\More concerned with their pocket getting filled as much as it could rather then what was the best for the client. The recourse being very limited foor them to get the broker to pay for the mistakes their asso. create more like they spend their time doing damage control so tey can keep their pockets fill by it6's doing also.

CROOKS all of them if more than 1 % coulkd show they were out there doing an honest day's work and being upfront about 100% to the customer i would be more than happy to take any lump i have coming at least that way i would have no chose but to say I was the one who caused it not that the incompetent poeple that say their doing their job and don't were the cause.



How these lawmakers want use to beleieve them when they act so suprised about the goings on with in the industry is just another slap in the face. Their in it everyday and I have only less than a customes working knowlage of it and I can see all the lies and trick being done ny many everday how in the F)*(&k can they not see it.

If that were the case then everyone of them as part of the test to get their lic. they should have to go throught the process 3-4 times and see how they get treatd as somneone on the out side and all then they could not act so dumb when these kinda things happen they would have to say they new it was bad but did'nt care cause they were making so much money at doing it!

CROOKS and snakes thats all they are.

near the end said...

Hey "Nemo" do you plan on fileing "BANKRUPTCY" anytime soon?

How do you sleep at night?

I know all about you; your x-wife and I have been talkin about you.

I know more about you than you know about yourself.

Hope you can sleep at night!!!!!!!!!!

near the end said...

I should have said;

Are you planning on fileing "BANKRUPTCY" again anytime soon?

Justice7777777 said...

6 Months later and SOP still owns the blog.

Excellent work my isolated friend!

Mogel still needs a date.

And folks have gotten a kick out of using my login.

I don't enjoy watching criminals in their death throws. So I will leave the Latvian fraudsters to their own final gasps.

RIP Kurt.

I'll check in in 6 months to see if the memorial service continues.

Suckas

Go get em SOP.

Good luck Mogel (www.eharmony.com)!

KYHOOYA said...

Justice7777777 said...
6 Months later and SOP still owns the blog.

Excellent work my isolated friend!

Mogel still needs a date.

And folks have gotten a kick out of using my login.

I don't enjoy watching criminals in their death throws. So I will leave the Latvian fraudsters to their own final gasps.

RIP Kurt.

I'll check in in 6 months to see if the memorial service continues.

Suckas

Go get em SOP.

Good luck Mogel (www.eharmony.com)!

9:50 PM

As we can see you are at a complete losss for any answer to a question or stsment of fact put to you.

Know doubt do to your involvement with the parties of the banking industry, and so being could never get beyond you greed long enough to see or admit the truth as to do so would only bring to light for all that you are nothing more than a CROOK.

So be on your way and try not to let the door hit your ass to hard on you way out of it.

It's all good to post ones OP but to do so when this is to try and hold up a lie and to gain from it is the show of bad faith and you have shown that here.

You answer nothing that is presentedd to you in truth all's you have to say here is your one sided and unfounded view.
There are no facts that you offer that support your claim's so why must you continue to boost upon something you can only think is the facts or truth instead of finding the real story and looking beyond your pay check and greed for the sake of being a stand up person in your doings for once . Or is that to much to ask someone of your ideals and standerds ?

I find it interesting that when anyone persented with a question they can't answer by bullshiting there point through sem to just fade into another blog name and start to post their same dribble all over again but never have the facts and guts to stand up and have an open real look at the topic and that there view as to it might not be the way they think it is and just because something iis told by the PTB to be the fact's dos'nt mean it to be always the truth.
In the history there aremany timeswhere this country PTB have made very real and very bad chooses as to their stand or how the people think or want thing this happens alot that latter they are shown to be the crooks for it doing and then what ? they simply say we were wrong 'SORRY we won't do that again'

In your eye it must be ok to go out lock a large number of americans up for nothing they have done wrong and then say we sorry later is that your way of thinking

So be the one that should stand at the time of an injustices and say NO! to the ones that are the cause of it's doing even if that be to go againest the stongest power and gov't should their view and stand be wrong because at the time it is not seen the wrongs caused by the PTB.

Could it be that this country has taken the fact of its men and women have been push to the edge of working and have vary little time to or have been trained that if the go aganist the PTB (ie: Dan Rathers and the way he was set up by the Bush Admin to shut daon any further expose of the 'made pres') as to the fact they can't find the time to fight there Gov't and make them do the right thing

Is it so far off the mark to think that the persons who have shown us that given the chance to do the wrong thing and gain from it or to be corrupt in office to serve the people they will so do the wrong thing without care , that it is only the fear of being exposed that keeps most in line who have been so truthed with it . That the idea of the Gov't using their power to get the people in to a state of complacencey as to the doing of thie office and to do so with the end result being the gain of filling the PTB pockets full ?

We used to here of these things like how TV could use sub messegess to get people too by their product or that the Gov't might be useing the info they gather or that the BIG BROTHER is watching well how would you not be able to see the fact around their use the fast paced climb of tech to their addvantage and at your ( the people ) cost

There ar eway to many thing that have been shown that say the banking industry is corrupt and that just of the past few years have made changes to their already onesided term of aggerment and have done so to stop the very thing that Dorean has resented so why is that if there was no case.