Friday, March 09, 2012

Banks foreclosing on churches in record numbers........

This administration allows millions and millions to be lost daily through "stimulus"....lets Wall Street Giants stand with tax payer money...and pushes Banks to "clean up their balance sheets" by foreclosing on churches in "record" numbers....it gives you pause when you know this Administrations bent....doesn't it?

  Its common practice for banks to refinance such loans when they come due. But banks have become increasingly reluctant to do that because of pressure from regulators to clean up their balance sheets, said Rolfs.

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