bank runs have begun
barefoot christian
Jul 13 2008



worst crisis since the great depression.


Bank Run 101 - Keeping your money during a bank run
http://video.google.com/videoplay?docid=61...MDoyCqQKSmYyFAw

CNN Your Money: Great Depression Coming
http://video.google.com/videoplay?docid=-6...MDoyCqQKSmYyFAw


IndyMac Seized by U.S. Regulators Amid Cash Crunch
By: Ari Levy & David Mildenberg
©2008 Bloomberg
July 12, 2008

IndyMac Bancorp Inc. became the second-biggest federally-insured financial company to be seized by U.S. regulators after a run by depositers left the California mortgage lender short on cash ... MORE:

http://www.bloomberg.com/apps/news?pid=206...&refer=home


Run on banks spells big trouble for US Treasury
By: Tom Petruno
©2008 Los Angeles Times
July 12, 2008

In a modern financial system nothing is more frightening than a run on the bank. The US has now suffered a series of them, & they are escalating in size & scope, posing a serious threat to an already reeling economy .. MORE:

http://www.latimes.com/news/columnists/la-...,7222987.column


Fannie & Freddie: A Run on the Bank?
By: Fred W. Frailey
©2008 Kiplinger
July 12, 2008

Fannie Mae & Freddie Mac are not banks. But like most financial companies, they stand or fall on public trust - & right now, fewer & fewer people are confident that the 2 government-chartered mortgage-finance companies can survive on their own. Result: The crisis that has enveloped the entire U.S. financial system has visibly worsened ... MORE:

http://www.kiplinger.com/columns/picks/arc...08/pick0711.htm


UK braced for US banking backlash
By: Richard Wachman
©2008 The Guardian
July 12, 2008

The British economy is braced for further turbulence this week as the fallout from the second largest bank failure in US history spreads across the Atlantic. Last week's extraordinary decision by the US Federal Reserve to take over the Californian bank, Indymac, comes as the Bush administration attempts to quash speculation that America's 2 largest mortgage lenders, Fannie May & Freddie Mac, also face nationalisation ... MORE:

...


An Economy In Trouble
By: Joseph Brusuelas
©2008 Forexpros
July 13, 2008

Over the past few weeks many notable analysts have made the case that the economy is in the process of recovery. The market has celebrated the wonder of the "resilient consumer." Given the still fragile state of the economy we think that this is a bit overblown ... MORE:

....


Chris Dodd: Shut Up About Fannie-Freddie-Failure!
By: Lew Rockwell
©2008 lewrockwell.com
July 13, 2008

I heard ... Chris Dodd today defending Freddie & Fannie as great, sound institutions, & don't worry, because the "leaders of our economy" .. were in charge. There is no reason to panic, he said. So, given Rockwell's Law (always believe the opposite of what a government official says), Panic! .. MORE:

http://www.lewrockwell.com/blog/lewrw/archives/021966.html

See your greed at work, full blown.

Freddie's fannie gettin' spanked!

Resilient customer? Keep dreaming, you are strangling your own economy.

In God's economy such thing could never happen. So you know the difference.

What is this I hear that this bank has $80 Million at its disposal to bail out people with mortgage problems?

What? $5.2 Trillion?

Schumer: Don't blame me for IndyMac failure

NEW YORK (CNN) -- Sen. Charles Schumer said Sunday the Bush administration is trying to "blame the fire on the person who calls 911" by suggesting he had a role in one of the costliest U.S. bank failures.

Sen. Charles Schumer said the OTS "ought to stop pointing false fingers of blame."

Federal regulators with the Office of Thrift Supervision were "asleep at the switch" when it came to IndyMac's "reckless" behavior, the New York Democrat complained.

The OTS announced Friday that it was taking over the $32 billion IndyMac and transferring control to the Federal Deposit Insurance Corporation.

The OTS pointed the finger directly at Schumer for the failure, accusing him of sparking a bank run by releasing a letter that "expressed concerns about IndyMac's viability." Video Watch what's next for IndyMac »

"In the following 11 business days, depositors withdrew more than $1.3 billion from their accounts," the OTS said in a statement announcing the California-based lender's takeover on Friday.

The statement included a quote from OTS Director John Reich saying, "Although this institution was already in distress, I am troubled by any interference in the regulatory process."

Schumer, a member of the Senate Banking Committee, chairman of Congress' Joint Economic Committee and the third-ranking Democrat in the Senate, rejected any suggestions of responsibility for IndyMac's collapse

"OTS ought to stop pointing false fingers of blame and start doing its job to protect the future of the banking system, so that there won't be other IndyMacs," he said.
Don't Miss

* Back in business: IndyMac reopens Monday

Schumer's June 26 letter said he was "concerned that IndyMac's financial deterioration poses significant risks to both taxpayers and borrowers."

In a Sunday news conference, he said everything in his letter was already known to the public.

"IndyMac was one of the most poorly run and reckless of all the banks," he said. "It was a spinoff from the old Countrywide, and like Countrywide, it did all kinds of profligate activities that it never should have. Both IndyMac and Countrywide helped cause the housing crisis we're now in."

The embattled Countrywide Financial Corp. was recently purchased by Bank of America.

Schumer argued that the "breadth and depth" of the problems at IndyMac were "apparent for years, and they accelerated in the last six months." But OTS, he said, "was asleep at the switch and allowed things to happen without restraint.

"And now they are doing what the Bush administration always does: Blame the fire on the person who calls 911."

The White House had no immediate response.

Schumer said OTS is "known as a weak regulator," and added, "my job was to try and toughen them up and that's what I tried to do."
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IndyMac, with assets of $32 billion and deposits of $19 billion, is the fifth bank to fail this year. Between 2005 and 2007, only three banks failed. And in the past 15 years, the FDIC has taken over 127 banks with combined assets of $22 billion, according to FDIC records.

IndyMac will reopen Monday with a new charter and a new name -- IndyMac Federal Bank.

I found this video interesting about our Dollar.

http://www.youtube.com/watch?v=4n3g5lUgkWk

When this happens.....there will be many who will rejoice at our fall.

I will not rejoice at your fall, I will weep.
Because you are too stubborn to heed a warning.

Oh no....you will gloat. I know it. I can tell by how much you focus on the judgement of the United States.

And what do you mean by "WE".

Don't you know that many Americans have been trying to sound a warning to our leaders?

We have been slowly loosing the rights that our founding fathers wanted for this nation. Government leaders in this country have been wanting more and more power.

That is what the Democratic party is all about. More Government power.

This is not what was intended.

More Government power = less power for the people.

You know nothing about me, you, academic proud american clinging to earthly things.

Me? Proud American...academic....clinging to Earthly things?

I am nothing. I pray for Gods mercy on myself, my family, my country...every day.

You have no idea.

gosh, this is well beyond party politics. that is just the opium that numbs.

and there is no goverment that is Christian, that is a fallacy.

people make up parties, and policies, and organizations, and federations,
and councils, and charters, and governments, and treatise, and wars.

people make up the wheat and the tares...we get to live in a time of
great falling away and great purification...takes a bold heart and prayer
for what is coming...

blessings,
signet

Then change your haughty tone towards me, for you have no clue chloe

You are way off base my friend. I'm not mistaken. It is obvious to me.

What did Yeshua say? "Father forgive them for they know not what they do." He extended mercy.

You, on the other hand, proclaim...."judge them....judge them!"

It's pretty obvious in your wording. "So be it!"

What a cold, heartless thing to say when so many will perish in hell.

Is this the love of God?

Jesus did not and does not love the Pharisees. You want quotes?

The Pharisees were legalistic in their thinking. They only could see what others were doing...and not what they did.

They pointed the finger at everyone. Yeshua was trying to show them what they were doing and where they erred in thinking. He was hard on those who puffed themselves up.

For others who were down....Yeshua showed grace and mercy.

The United States is not immune to falling. Everything that goes up... must come down at some point. (ever heard that saying)?

The ecomomy of the U.S. could not always continue to go up. And yes...we have had some very very bad money managers in this nation.

But again....the sins of this world are not ONLY for the United States which is what you and some others focus on.

My point to you is....where is the grace and mercy that was extended toward you? What does the scriptures say?

Are we not to forgive and show the same grace that was extended toward us, to others??????

http://www.theplacewithnoname.com/blogs/klessons/index.html

Not only are we stashing cash in our home, but also in the trunk of our car. (Food too is valuable!)

Our family does a lot of road trips. Perhaps a disaster happens and we have to detour from home? We also keep a duffle bag in our trunk with 3 days of clothes per family member, some provisions, toiletries, and other items for travel and emergencies. I keep a minimum of 2 cases of bottled water.

Here's an awesome link to a guy who survived Katrina and has some of the most wonderful advice about stashing cash, valuables, etc.

I have a question. Please don't flame me for asking it. I am just trying to understand.

Won't pulling out all our money from the bank contribute to the further downfall of our economy?

Thanks!

A very valid question. Here's my one pence of opinion ...

First of all, if the banking system was an honest entity, there would be no problem if most folks wanted a lot or all of their money out of the bank at once. Then again, if it was an honest and trustworthy institution, things would be so different that no one would be considering taking their money out enmasse. The fact is, due to "fractional reserve banking", there is almost no money actually in a bank. As I mentioned somewhere else yesterday ... I think the practice of fractional reserve banking comes from the pit. So, since the only thing backing currency since the U.S. went off of the gold standard all the way under President Nixon in August of '71, is the "confidence" of the people, it is a game of who gets there first since banks only hold around 2-4 percent of deposits. So when things get shakey, people want to get their money out of the bank before everyone else, but they don't want to crash the system by everyone taking their own money out.

I think that it's right now, like everyone is standing on the starting line, tensed, ready to sprint to the bank ... the guy with the starting pistol is raising his hand up over his head ... there are some that "jump the gun" ... but in this case, they keep going and get the money. Many are still on the starting line wondering why they are there because they are clueless about the money they deposited not actually being there. It's definitely a time to be watching ...

So to reiterate ... yes, too many folks wanting THEIR money out of the bank will cause a collapse and / or "banking holiday" but waiting may mean they don't get any of their money. It is not the people's fault. They are victims (I use that word; victims, VERY sparingly.) of a very broken banking system that has a lot of cool looking veneer on it. The econmomic weather is starting to peel the veneer.

run2jesus, yes you are correct. When depositors begin to steadily withdraw money from their banks and in panic it's called a "run on the bank." All banks operate on a margin where there is only a percentage of available money to the actual amount of deposits held. A run on a bank is the depositors attempt to avoid being the last person holding the empty bag, so-to-speak, when the money runs out.

Revelation 16:21

Fed goes to war against shady home loans
The Federal Reserve today unanimously approved new mortgage lending rules meant to crack down on shady practices -- particularly subprime loans made to borrowers with weak credit. The new rules will apply to all mortgage lenders.

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

I am waiting for the moment that 50% of all americans live in the streets. There is no end to greed.

I came into the world with nothing, and when I leave this world, I can't take it with me, so, why should I worry about money? What is important to remember is that the Lord is our redeemer. If all the banks in the world fail today, our hope is not of this world, but seated on the right hand of the Father. Amen.

And as I pointed out to you.....

You will gloat over the downfall of the United States. Look at your words.

You are waiting as a Lion waits in the brushes for its prey to come closer so it can pounce on them and kill them.

That is the feeling I am getting from you Justice.

And you didn't answer my questions to you in the previous post.

Where is the grace and mercy you are supposed to extend to others since your sins were forgiven???

hey what are you people doing on the internet??? shouldnt you be out there preaching the gospel in the streets? to witness to many?? look around you wake up check out all the stuff thats going on !!!

the banking thing is a perfect witness to people....its in the bible in james isnt it?

hey just a thought, its just my two cents use it, dont use it....

Money will not be the biggest problem soon. Survival will be.
Jesus was and is still the answer. He may not reboot our economy but he gives us Eternal life. Who cares what a bunch of greedy bankers do. Who cares if members here hate America and want to see her fall. Even though most nations to date owe their liberty to America as she has been used by the hand of God to bring freedom to millions. And food, and money, and water....... But it is only a nation just as rome was, or Jamaica is. She will burn up in the fire with the rest. Only one nation will survive forever and that is the nation and kingdom of God, into which we have been reborn and adopted. So give your allegiance to this kingdom.not america or france or any other country.

More on economy

Confidence in U.S. banking sector weakens
By Louise Story Published: July 15, 2008


Even as the Bush administration moved to rescue the nation's largest two mortgage companies, confidence in the banking sector spiraled downward Monday.

In the Los Angeles area, lines snaked around IndyMac Bancorp branches for blocks, as customers made withdrawals from the bank, which failed last week. In Cleveland, National City Corporation denied a rumor that its customers were also demanding their money.

In Washington, U.S. regulators tried to broadcast the message that plummeting stock prices should not cause consumers to panic about the safety of their savings. And on Wall Street, analysts began circulating lists of regional and local banks that might be next to fall.

Investors continued to beat down bank stocks, fearing that the government's resolve to help Fannie Mae and Freddie Mac, the giant companies at the center of the nation's mortgage market, would not hold back the rising tide of bad loans unleashed by the weakening housing market and faltering economy. Financial stocks, a Merrill Lynch analyst wrote bluntly, are "value traps."

Stocks on Standard & Poor's 500 Bank Index fell nearly 10 percent, and regional banks were particularly hard hit, declining nearly 11 percent. Several regional banks lost nearly a third of their value, as investors bet that these smaller banks might be the ones the government would let fail.


Confidence in U.S. banking sector weakensCitigroup reflects what's ailing the industryBank of Japan keeps rates steady
"We have seen a 'too big, too important to fail' instance," said William Gross, the chief investment officer of the bond fund Pimco. "The market wonders: which institution is too small to bail out? Where is the dividing line? They seem to have picked on the regional banks as potential candidates to be the ones too small to bail out."

Banking analysts put out reports warning against the sector. Goldman Sachs said regional banks may cut their dividends to restore capital — pushing down shares of banks like Zions Bancorporation and First Horizon National. And Lehman Brothers said that Washington Mutual, the nation's largest savings and loan, might end up with a whopping $26 billion in cumulative losses.

Like National City, Washington Mutual took the highly unusual step of putting out a statement to reassure investors that its financial footing is stable.

"It's about to start getting real bad," said Christopher Whalen, managing director at Institutional Risk Analytics. The Federal Deposit Insurance Corporation, he said, should just move on with the process and "close not just one but a half dozen institutions at the same time."
Regulators tried to reassure consumers who might look at the stock market and fear that their bank's falling stock price puts their savings deposits at risk. Sheila Bair, the chairwoman of the FDIC, which guarantees most bank deposits, said that rumors about IndyMac's financial footing and plummeting stock price caused panic among the bank's customers.

"People should not assume that just because the stock price has been going down, that we're going to close their bank," Bair said in an interview. "In addition to our credit problems, I don't want to have to start worrying about bank runs."

The government's plan for Fannie Mae and Freddie initially seemed to calm jittery markets Monday morning and sent Dow futures sharply up. The markets in New York opened more than 100 points higher.

But the rally quickly faded as Wall Street braced itself for its most influential banks like Citigroup to report quarterly earnings over the next two weeks. Shares of M&T Bank, which kicked off the string of earnings releases, were down 12 percent after it reported a second-quarter profit of $1.44 a share, down 25 percent from a year ago.

Shares in the National City Corporation were halted after they fell 29 percent, to $3.15. In a statement, the bank reported no unusual customer activity and said that it had more than $12 billion in excess short-term liquidity.

Eric Dash contributed reporting.


Asia, Europe stocks plunge on credit woes

By Jeremiah Marquez, AP Business Writer
HONG KONG — Asian and European stock markets fell sharply Tuesday as investor confidence in the U.S. financial system eroded even further despite a government-backed plan to help beleaguered mortgage financiers Fannie Mae and Freddie Mac.
Every major index suffered declines, with Hong Kong's Hang Seng Index dropping more than 3.8% and Taiwan's benchmark losing over 4.5%. In Tokyo, the Nikkei 225 index dropped nearly 2% to close at 12,754.56.

European stocks also fell in early trading. Britain's FTSE 100 retreated 1.2%, Germany's DAX lost 1.7% and France's CAC-40 was off 0.8%.

While losses spread across most sectors in Asia, financials were hit particularly hard as investors worried that trouble in the U.S. financial markets would spillover to Asia.

Japanese traders were rattled by a local business newspaper report that the country's top three banks hold a combined 4.7 trillion yen ($44 billion) in Fannie Mae and Freddie Mac debt. Another newspaper report unnerved Taiwan's market with news that at least two leading financial institutions have invested in the mortgage giants, and the country's central bank may also have purchased their bonds.


In China, rumors were circulating that the Chinese government had also invested in Fannie and Freddie bonds

The two government-chartered companies received a boost Sunday when the U.S. central bank and Treasury Department promised to step in with short-term funding and other aid should mortgage losses mount. Together, the companies hold or back about half the outstanding mortgages in the United States.

A sell-off of regional banks overnight on Wall Street, as well as fears that other American banks might face difficulties ahead, only added to the unease. On Monday, the Dow Jones industrial average fell 45.35, or 0.41%, to 11,055.19 after spiking nearly 140 points in early trading.

"Investors are quite concerned we could be heading toward a meltdown in the equities market if there's no rebuilding in confidence, especially in the U.S.," said Alex Tang, head of research at Core Pacific-Yamaichi in Hong Kong.
In Japan, banks and insurance issues got slammed.

Mitsubishi UFJ Financial Group plunged 5.32%, Mizuho Financial Group was down more than 5%, and Sumitomo Mitsui Financial Group plunged 6.11%. Earlier in the day, the Bank of Japan kept interest rates on hold, deciding to take a wait-and-see approach amid the current volatility.

"With regard to risk factors, global financial markets remain unstable and there are downside risks to the U.S. and the world economy," the central bank's policy board said in a statement.
A higher yen dragged down major exporters such as automakers and electronics firms. A stronger Japanese currency reduces the value of exporters' profits when repatriated from abroad.

In Hong Kong, the blue-chip Hang Seng Index plunged almost 840 points to 21,174.77 — its lowest close in nearly four months.

China's biggest lender, ICBC, dove nearly 5.2%, and HSBC lost more than 3%. Heavyweight China Life Insurance slid 5.3%.

In mainland China, the benchmark Shanghai Composite Index fell 3.4% to close at 2779.45.

The drop was sharpest for real estate developers, banks and insurers. Among financial companies, China Life and Ping An Insurance both tanked 6%. Midsize lender Pudong Development Bank Ltd. dropped 7.1%.

The government is due to release closely watched inflation data Thursday, which could add to pressure for an interest rate hike. Analysts expect a decline from May's 7.7% but expect the rate to stay above the government's 4.8% target for the year.

Elsewhere, South Korea's benchmark slid 3.2%, India's Sensex was down 4.6% in late trade and Australia's main index lost 2.1%.

In currencies, the dollar fell to 105.50 yen Tuesday midafternoon from 106.21 yen Monday. The euro stood at $1.5960 compared with $1.5892.

Copyright 2008 The Associated Press.


Bernanke to brief Congress on economy
Jeannine Aversa ASSOCIATED PRESS
Tuesday, July 15, 2008

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke is briefing Congress on the economy, which has been walloped by high energy prices and fallout from the housing slump and credit crunch.


Federal Reserve Chairman Ben Bernanke speaks at the FDIC Forum on Mortgage Lending for Low and Moderate Income Households, Tuesday, July 8, 2008, in Arlington, Va. Bernanke and Treasury Secretary Henry Paulson are to brief Congress on how to revamp the country's antiquated financial regulatory system.

Bernanke is to appear Tuesday before the Senate Banking Committee. His testimony comes just two days after the Fed and the Treasury Department came to the rescue of mortgage giants Fannie Mae and Freddie Mac, offering to throw them a financial lifeline.

The companies hold or guarantee more than $5 trillion in mortgages – almost half of the nation's total. The Bush administration is asking Congress to increase lines of credit to Fannie and Freddie and to let the government buy their stock. The Fed has offered to let the companies draw emergency loans.

Down, down, down with the greed economy! Praise God!
God, the only economy that is worthy is Yours, the Economy of Abundance!!

Mammon is going down, down, down.

What an evil thing to say!

That is total evil to wish hard times on people.

Do you stop and think that single families like myself who already had a hard time will have it much much worse?

I'm sorry....I can't agree anymore that your a descent person. Some say they know you....but I know that anyone who has the love of God in them would not relish bad things to happen to anyone.

What a sick thing to say.

Ok Chloe, you defend Mammon and I bring it down.
I count my blessings and you count your money.


Matt.6
[24] No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.

Luke.16
[9] And I say unto you, Make to yourselves friends of the mammon of unrighteousness; that, when ye fail, they may receive you into everlasting habitations.
[11] If therefore ye have not been faithful in the unrighteous mammon, who will commit to your trust the true riches?
[13] No servant can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.

So the Bible is evil too?

Oh my goodness. You are one SICK person.

I count my money? What money?

You hate us because you covet!

My kids go without all the time so I can pay the bills. You think all Americans live in mansions and have everything they want.

YOU HAVE NO CLUE AS TO WHAT LIFE IN AMERICA IS LIKE OR AMERICANS FOR THAT MATTER.

You disgust me.

Hear the demon speak.

NO JUSTICE...

It is the demon in YOU who wants America to fall so that we cannot help Israel.

Satan who rules the hearts of Muslim extremists and evil individuals wants America to fall right along with Israel.

You are either so deceived that you cannot see it or one of the ones that are intentionally trying to do it.

Chloe, you poor soul.... then stick to your idols, delusions and fear in your heart.

I can not help you apparently.

http://news.yahoo.com/s/nm/20080715/bs_nm/...plSYIRu5pRZ.3QA

Financial markets under heavy stress: Bernanke 19 minutes ago



WASHINGTON (Reuters) - Restoring financial market stability is a top priority for the U.S. Federal Reserve as a weakening housing market, tighter credit and rising oil prices threaten the economy, Fed Chairman Ben Bernanke said on Tuesday.

"Accurately assessing and appropriately balancing the risks to the outlook for growth and inflation is a significant challenge for monetary policy-makers," Bernanke said in remarks prepared for delivery to the Senate Banking Committee.




prayers for you both

At least I'm not the only one who can see right through your deception.

Rejoice! The Lord is bringing Babylon down! Mammon the idol will fall alongside.
When the House of the Lord has been cleansed thoroughly, then will the world see Judgment.
No exceptions.

Some scriptures for you Justice.

Listen to what the Word of God has to say about your words....

"judgment will be merciless to one who has shown no mercy" (James 2:13).


"Do not judge lest you be judged yourselves. For in the way you judge, you will be judged; and by your standard of measure, it shall be measured to you" (Matthew 7:1-2)

Peter wrote,

"Submit yourselves to every human institution, whether to a king as the one in authority, or to governors as sent by him for the punishment of evildoers and the praise of those who do right" (1 Peter 2:13-14).

Jesus did not dispute Pilate's authority to execute capital punishment. Indeed, He stated that this authority came from God (John 19:10-11).

Jesus told the disciples why they should not judge others, "so that you will not be judged."

Judging is a divine prerogative. We take too much upon ourselves if we set ourselves over others to judge them. It is not the privilege or the position of a servant to judge other servants.

That is the responsibility of their master. We make ourselves masters and not servants when we judge others.

http://www.cbn.com/spirituallife/teachings...px?option=print

This site is specifically for you Justice....

http://libertyandlove.info/Resources/Archi...ersWrongly.aspx

Venom spitter.

HA HA HAAAAAAAAAAAAAA, I needed that ....you are too funny!!

Lets put it this way..

There is a HUGE DEMONIC force out there and it is threatening Israel nonstop. Instead of being Israels "staunch ally", America has not only chosen to abandon God, but also to be Israels wimpy coward, dividing it and giving away Gods HOLY Land.

Until then, America will be divided equally.

In Jesus Millenium Reign, there will be no capitalism, it will fall just like communism.

Justice, What Country are you posting from?

Justice:

You are doing the very same thing that is bothering you about others! After 5 or mores messages from others just this morning, you are purposely choosing not to do God's Word. This is a Christian board; and, new ones that might be coming will not see the love of God thru you! I cannot make it any plainer. I love you and what you are doing right in the Lord. But the junk has to stop! Yes, stubbornness is witchcraft. And sutbbornness will keep you from getting more of Jesus. Do you want more of Jesus????? Or, do you want your stubbornness and keep floating further and further away from the peaceful shore. Jesus is the prince of peace! Praying for peace on this board.

Then why is it, brother that you do address me, and not the others?

like you are......randomly running around bashing at everything in site! This is not God's ways and I am housecleaning God' house. I am only trying to speak the truth in love to you and so are some others.

Tomorrow, if I am off base, it might be my turn! Receive it in love. Why do you want to keep up stubbornnes. What does it do for you!

Anyway, when we come before the throne of God, it is not about others, it is about me! Get your mind, and attention off of others. Your focus should be Jesus.



Justice:

prayers and love
as Bro. Roy would say "sending a holy kiss" your way!

Amen Chloe ! Justice is in a sad state and needs spiritual healing. He reminds me of... who was that .....oh yes ginger cat. Full of anger and judgment. I left for a few months because it was just plain sad to watch the arguing and bickering. I see things haven't gotten much better. I thought Christian folks were supposed to support each other not tear each other down.

Yes, come join the lynch mob, you have a fresh victim. I am sure that by now the Pharisees spirit is fully exposed.
How dare you call yourselves christians.

Justice:

Talking to Justice!

Not to

"stubbornness".

Justice, are you there???? Listen! We are not going to give up on you. If you tell subbornness to go, you feel much better when you awaken tomorrow morning.

Folks: just pray. This kind cometh out by prayer and fasting!

Justice....

I am not like this. People that know me know that I am not a mean person. I love to give hugs and help people.

This is what we are here for. And it is the best way to win people to Christ when we extend the love we have been given to others.

HOWEVER....

Yeshua and the disciples never ment for Christians to be silent when someone who professes Christianity was wrong.

Its actually a sin on our part to NOT say something.

Nobody on here wants to "lynch" you. Stop playing the victim here. You have been extended love and compassion by myself and MANY people on this forum.

But for those who don't agree with your words....you attempt to "lynch" them.

Well I am not going to be one of your scapegoats to put the blame on.

You are the one that typed the words that showed how much you relish the troubles my country is facing.

And I find that to be very very sick. Because I KNOW how much trouble people are in right now.

FBI is investigating now-defunct IndyMac banks for possible fraud

WASHINGTON -- Now-defunct IndyMac Bancorp Inc. is under investigation by the FBI for possible fraud in connection with home loans made to risky borrowers, The Associated Press has learned.

It was not immediately clear how long the FBI's probe of the bank has been ongoing.

The investigation is focused on the company - which was taken over last Friday by the FDIC - and not individuals who ran it, according to a law enforcement official who was not authorized to speak publicly about the investigation.

IndyMac Bank's assets were seized by federal regulators after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.

The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said.

The Office of Thrift Supervision said it transferred IndyMac's operations to the Federal Deposit Insurance Corporation because it did not think the lender could meet its depositors' demands.

FDIC spokesman David Barr could not immediately be reached for comment Wednesday.

Over the last year, and faced with a cratering housing market, the FBI has opened a wide-ranging probe of companies across the financial services industry, from mortgage lenders to investment banks that bundle home loans into securities sold to investors.

Countrywide Financial Corp., the nation's largest mortgage lender, is also under scrutiny.

Additionally, two former Bears Stearns managers were indicted last month on conspiracy and securities and wire fraud charges alleging they lied to investors in a hedge fund that tanked last year as the subprime market collapsed. Those charges marked the first criminal charges to arise on Wall Street from the subprime mortgage debacle.

Any IndyMac customers with questions can call the FDIC hotline at (866) 806-5919.

That is terrible. Though I guess it's good in that if they are guilty they will be punished hopefully. The ones who suffer the most are the most vulnerable. Greed is a terrible thing.

Greed is inhaerent to capitalism.