Churches to the Foreclosure Rescue

All the pressure the government has used to get banks to get on board with mortgage modification programs for those in foreclosure haven’t been too effective.  Enter Father Robert Rien of St. Ignatius Parish in Antioch, CA.  Father Rein, none too pleased with the Bank of America not giving mortgage modifications to those who qualify and are faced with foreclosure in his community told BOA that he’s pulling the church’s money from the bank.

Good for Father Rien.  This is a moral as well as economic issue for his parishioners and members of his community.  Unlike the federal government, organizations like Father Rien’s can hit the banks where it hurts:  their accounts.

I hope this catches on.  Churches, synagogues and mosques need use their accounts to put pressure on banks to give mortgage modifications and business loans to those who qualify.  They can be much more effective than the government.



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29 responses to “Churches to the Foreclosure Rescue

  1. d it’s a shame that we don’t see more of this type of stuff for organized religion versus what we seems to be the norm, interfering with national policy and snooping around in people’s bedrooms.

  2. TempeBev

    It’s nice that the Catholic church is doing something with their money other than spending it to help block gay marriage.

  3. eprof2

    Dr. Howard Dean and the Daily Kos, and others, said yesterday it was time to kill the current Lieberman Health Care Reform bill and go back to square one in 2010 or even in 2012.

    I don’t know what Lieberman got out of his threats to filibuster any health care reform bill he personally didn’t like (see my post yesterday) but I have a feeling he got something really big from the president and the Senate majority leader. We’ll have to wait and see.

    However, it is clear that the remaining bill is not in the interests of the people of the United States other than the corporate health care giants in the insurance business, pharmaceuticals, hospitals, and wealthy doctors. So, I agree with Howard Dean and the Daily Kos: It’s time to kill the health care reform bill in the Senate, lick our wounds, and wait another decade or so for progressive reforms that do more than line the pockets of big insurance executives by delivering 30 million more customers to the table.

    The Senate yesterday finally agreed on something related to this bill: Kill the right to import the same exact drugs into the US from Canada where the prices are much lower than what they are here. Now, that’s progress? The rest of the Lieberman Health Care bill smacks of the same anti-progressive measures and is stacked against the American people.

    • dnd

      When I heard Howard Dean, I thought his “kill the bill” proposal was so that we could go to reconciliation. Can’t go to reconciliation w/o starting over.

      When I heard Michele Bachmann chant “kill the bill” I thought her objective was to prove that she wants our president to fail, hates America, and is bat-shit crazy.

      But more to the point, something is really wrong with Senate rules that allow someone to hold legislation hostage to get something they want, above and beyond ordinary compromise.

  4. nannymm

    You’re right about that, dnd. It’s time to kill the Senate rules that allow this to go on. The filibuster is being grossly abused. It’s anti-democratic and needs to be consigned to the dustbin of history.

  5. eprof2

    The Lieberman bill will cover 30 million more uninsured. Right! “What they are actually talking about is something called the “individual mandate.” That’s a section of the bill that requires every single American to buy health insurance or break the law and face penalties and fines. So, the bill doesn’t actually “cover” 30 million more Americans — instead it makes them criminals if they don’t buy insurance from the same companies that got us into this mess.” (The latter sentences are from Jim Dean, Howard Dean’s brother.)

    • dnd

      Can you point me to a link to the Lieberman bill? I haven’t been able to find it.

      • dnd

        What stumps me about the Senate bill is that nobody other than the people who put it together and the CBO have seen it, yet every pol and talking head seems to want to comment on it’s contents, sight unseen.

  6. nannymm

    I’ve been thinking alot about Gov. Dean’s position on this healthcare legislation. Basically I agree with everything he says except his conclusion. The bill, as we now understand it, is lousy. It is a give-away to the insurance industry and does little to contain costs. It is definitely NOT what we wanted or expected. It is NOT what we were told it would be.
    However, it is what it is; For now, it is this or nothing. This is a basically stripped down bill with a few good things in it. I don’t want to throw away those few good things to prove a point. To do so would, IMO, be to cut off our noses to spite our faces.
    Yes, I am angry and disappointed about this whole thing. I’m disgusted with Obama for not finding his inner LBJ and exerting real pressure on Congress to get a truly progressive bill. I’m furious with Lieberman and the Senate dems who allow him to get away with this. I’m even ticked that the WH seems to be upset with Gov. Dean instead of Lieberman. But, this is who we have representing us: a bunch of weak and spineless fools who can’t seem to get their acts together and govern. Sure, there are a few good men and women in Congress who have worked their asses off to get this bill through. To them I say thank you and pass this piece of crap and start working to improve it.

  7. nannymm

    This is a must read:
    Dear nobodies
    A congressman writes to his constituents: “Thank God for gerrymandering”

  8. tonyb39

    “White House as helpless victim on healthcare”

    “Of all the posts I wrote this year, the one that produced the most vociferious email backlash — easily — was this one from August, which examined substantial evidence showing that, contrary to Obama’s occasional public statements in support of a public option, the White House clearly intended from the start that the final health care reform bill would contain no such provision and was actively and privately participating in efforts to shape a final bill without it. From the start, assuaging the health insurance and pharmaceutical industries was a central preoccupation of the White House — hence the deal negotiated in strict secrecy with Pharma to ban bulk price negotiations and drug reimportation, a blatant violation of both Obama’s campaign positions on those issues and his promise to conduct all negotiations out in the open (on C-SPAN). Indeed, Democrats led the way yesterday in killing drug re-importation, which they endlessly claimed to support back when they couldn’t pass it. The administration wants not only to prevent industry money from funding an anti-health-care-reform campaign, but also wants to ensure that the Democratic Party — rather than the GOP — will continue to be the prime recipient of industry largesse.

    As was painfully predictable all along, the final bill will not have any form of public option, nor will it include the wildly popular expansion of Medicare coverage. Obama supporters are eager to depict the White House as nothing more than a helpless victim in all of this — the President so deeply wanted a more progressive bill but was sadly thwarted in his noble efforts by those inhumane, corrupt Congressional “centrists.” Right. The evidence was overwhelming from the start that the White House was not only indifferent, but opposed, to the provisions most important to progressives. The administration is getting the bill which they, more or less, wanted from the start — the one that is a huge boon to the health insurance and pharmaceutical industry. And kudos to Russ Feingold for saying so:

    Sen. Russ Feingold (D-Wis.), among the most vocal supporters of the public option, said it would be unfair to blame Lieberman for its apparent demise. Feingold said that responsibility ultimately rests with President Barack Obama and he could have insisted on a higher standard for the legislation.

    “This bill appears to be legislation that the president wanted in the first place, so I don’t think focusing it on Lieberman really hits the truth,” said Feingold. “I think they could have been higher. I certainly think a stronger bill would have been better in every respect.”

  9. AmericanInSURGEnt

    “he’s pulling the church’s money from the bank”

    Everyone should do this,there is no reason other than convenience to keep your money in a bank right now. 3 months worth of living expenses in a checking/atm account is about it. Cd’s/money markets are useless and you run the risk of acquiring fees for some ridiculous charge. I recently sat in managers office of my bank and asked her why I should keep my money in her bank. She couldn’t give me a good reason(wich was entertaining),so I closed 2 accounts,emptied my money market. If everyone did this,you’d see banking reform.

    Eprof,now that you’re seeing things for how they truly are. Why do you think this is happening? And for what reason?

  10. AmericanInSURGEnt

    Nice post tony.When do people get tired of being mislead?And why would we believe anything that the president or Washington says? They want us to be afraid of Al Qeada. They want us to be afraid of our planet. they want us to be afraid of people who dont agree with them. They want us to be afraid of each other. The only thing they dont want us to be afraid of is them yet they are the ones who take our rights in the name of “freedom”. If you dont believe me try exercising your right to free speech where its not welcome. Tell me who hates your freedom more,the security guard working the event or Al Qaeda.

    “None are more hopelessly enslaved than those who falsely believe they are free”

  11. eprof2

    AIS, I can’t say that I’ve significantly changed any of my positions on issues over the past ten years or more, much less recently. Maybe it’s more a case of your seeing words and ideas in my writing from a different perspective that you hadn’t seen before. I’m still the social democrat who supports the public good over private gains and I believe strongly in participatory democracy. That’s my story and I’m sticking to it — LOL!!!

  12. nannymm

    Great story, eprof. I couldn’t have put it any better. 😉

  13. nannymm

    Twitter / Michael Moore: People of Connecticut:
    What have u done 2 this country? We hold u responsible. Start recall of Lieberman 2day or we’ll boycott your state.

  14. AmericanInSURGEnt

    That was my point eprof. I know your position based on what Ive seen you post. And knowing your position I was asking those questions from the perspective of: Being a person who believes in the public good over private gain and in participatory democracy, whos party is supposedly supportive of those same values but yet seems to be doing the opposite.
    Why do you think this is happening? And for what reason?

  15. Thee is no means to recall an elected federal office holder, Michael Moore should know that.

  16. AmericanInSURGEnt

    “I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank.”

    – Barack Obama

    October 27, 2007

  17. tonyb39

    “Should the Democrats start over on healthcare?
    Lefties who oppose a reform compromise remind me a little bit of Nader voters in 2000 who spurned Al Gore Video”

    Another perspective from Joan Walsh.

  18. AmericanInSURGEnt

    You wont see this in MSM..very interesting stuff..

  19. nannymm

    dnd, the sad thing about the Salon piece is that it’s true. It’s what most of our congressional reps would say if they could. Pathetic, isn’t it?

  20. AmericanInSURGEnt

    “What stumps me about the Senate bill is ”

    Now thats funny..

  21. eprof2

    dnd, I’m the one who calls the Health Care Reform Act of 2009 the “Lieberman bill” inasmuch as he has been able to shape the bill closest to his issues, concerns, and details. The House bill, the Senate bills have all been bent to Lieberman’s way of thinking.

    AIS, there is a debatable cliche in politics about whether the man shapes the office or the office shapes the man. In Obama’s case, I think the WH is shaping him and so many of his beliefs from the past five or ten years have melted away as he sits in the Oval Office.

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