Usurous Practices of Banks and Lenders Stalling Economic Recovery?

For Any And All Conserve-ative Constitutionalists:

In all the ballyhoo and manipulations of Washington in its attempts to throw more and more cash to the banks and lending institutions in this now manipulated mortgage loan crisis, there has been an obvious question that apparently has never occurred to either Washington or most of those lenders who are nothing more than branches of our own Federal Reserve (which provided the "stimulus" for the banks, and then billed the debt to the American people).

It appears this "stimulus" was for the Federal Reserve and its members banks increased profits most of all.

Especially now that more and more information is coming out that few of these loans are being truly renegotiated, and most banks are simply stalling and collecting them more and more of the interests and late fees before finally foreclosing on those properties.

What WOULD Mr. Obama and Congress expect since it put the very same individuals in charge of supposedly "renegotiating" those loans, and provided no oversight nor additional protections through legislation for the citizens whose properties are now in danger of being seized, or have already.

In spite of Mr. Geithner and Mr. Obama's Pollyanna attitudes, the economy is NOT rebounding in the slightest. Over 300,000 more homes were foreclosed upon, and there was only a 1% decrease in unemployment - which might mean that many individuals unemployment has simply run out.

The market is clearly speaking, but Washington and the state legislatures simply aren't listening. Just why wouldn't there be a great deal of hesitation on the part of any American at this point with signing on the dotted line for a home purchase. The terms of those loans haven't changed fundamentally in the loans which are being offered by and large, nor the fact that most states property tax rates which were also involved in stripping many of their homes due to those increases during the boom, haven't readjusted either for the most part reflecting now the lower prices in many of the states involved.

And a basic problem it appears that those in their bubble on the Hill still have to realize is that 70% of the people in this nation still claim to be Christians. There are biblical prohibitions taught in most Christian churches with respect to both the paying, and leveraging of "usury" or "excess interest" on debt or financial transactions.

While the loans may be below the biblical warnings initially (and since God only required 10% under tithing provisions, anything even close to that is deemed by most Christians as "usury"), many still will not sign those "adjustable" or "interest only" loans due to the fact that many just might during the next readjustment period, or even more likely to do so now that many are unconstitutionally based on foreign currencies other than our U.S. prime and now due to the likelihood of also added inflation, would and will continue to stop most Christian buyers in their tracks.

While the Christian Church for the most part has abandoned some of those teachings in some of the different denominations, it appears with what is now occuring more and more are taking up that particular area and addressing it with their church members, especially many that were quite clearly taken in with those predatory lenders promises and the fine print and legalese contained now within most 50 page loan documents today.

So the market is speaking, Mr. Obama and Congress, are you listening? Or simply so isolated in that Washington bubble and vulnerable and desperate at this point to be listening to some of the atheist bankers and businessmen, whose total lack of awareness of the market and marketplace in which they are dealing is now abundantly clear?

Maybe this is why when low fixed rate and assumable loans were the norm in this country, and quality the standards used for most new home construction under more rigid building codes throughout the fifty states, and homestead and equity protections were also standard for that "American dream" home, the buyers were there and the housing industry and construction trade blossomed, and America's economy soared then in the process.

Not feeding the scavengers, but providing those fundamental property rights protections the founders gave their lives and sacred honors to obtain for successive generations of the American people, not Washington's now sovereign favorite "new" subject as is apparently clear, foreigners and foreign investment speculators "rights."

They were, after all, protectionists when it came to America and the American people most of all.