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African American churches protest foreclosures by black-run bank
LA Times ^ | November 3, 2012, 6:10 a.m. | By E. Scott Reckard

Posted on 11/04/2012 6:07:10 AM PST by DeaconBenjamin

Edited on 11/04/2012 6:11:45 AM PST by Admin Moderator. [history]

The financially troubled Broadway Federal Bank recently had seven repossessed churches on its books. Above, a mural at the bank's Exposition Park branch.

A coalition of African American ministers is protesting foreclosures on their churches -- by Broadway Federal Bank, a savings bank established in the 1940s to serve Los Angeles' then-segregated black community.


(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Culture/Society; US: California
KEYWORDS:

1 posted on 11/04/2012 6:07:17 AM PST by DeaconBenjamin
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To: DeaconBenjamin

I suppose it’s not poetic justice, but it’s something rather similar.


2 posted on 11/04/2012 6:08:14 AM PST by Tax-chick (Watch out for spiders.)
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To: DeaconBenjamin
Pay the mortgage on time,keep the bank happy,no foreclosure filing.What a concept.
3 posted on 11/04/2012 6:14:42 AM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: DeaconBenjamin

“How dare you expect us to keep our financial commitments!”

Remember - these are the SHEPHERDS of the black churches. Is it any wonder blacks as a group vote for the most corrupt politicians who will promise them a handout?


4 posted on 11/04/2012 6:16:29 AM PST by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: DeaconBenjamin

I guess black-owned banks are just supposed to give their money away.


5 posted on 11/04/2012 6:35:16 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: DeaconBenjamin

Black churches protest foreclosures by African American-run bank.

African American churches protest foreclosures by black-run bank.

whaaaaaa?


6 posted on 11/04/2012 6:58:28 AM PST by Principled (This is anot a leader who gets things done. This is a leader who explains why he didn't)
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To: DeaconBenjamin

Maybe that’s what happens when “churches” become feeding grounds for wolves and money-changers upon the temple steps?

The contractors and “developers” involved have presumably long since cashed their checks and left the McSheeple holding the bag... err... collection plate.

Any “church” that has to finance its construction via debt ought to reexamine its mission, its doctrine - and the historical record for what happens when folks reject the Law of their Creator and throw all their gold into the fire and worship what comes out instead of Him:

Isa 24:1-3

24 See, the Lord is going to lay waste the earth
and devastate it;
he will ruin its face
and scatter its inhabitants —
2 it will be the same
for priest as for people,
for master as for servant,
for mistress as for maid,
for seller as for buyer,
for borrower as for lender,
for debtor as for creditor.
3 The earth will be completely laid waste
and totally plundered.
The Lord has spoken this word.
NIV


7 posted on 11/04/2012 7:59:16 AM PST by TArcher
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To: LucianOfSamasota

>> Is it any wonder blacks as a group vote for the most corrupt politicians who will promise them a handout?

"Ooh say can you see..."

http://www.franklincase.org/index.php?option=com_content&view=article&id=11&Itemid=9

 

Is it any wonder blacks RINOS as a group vote for the most corrupt politicians who will promise them a handout?

There.  Fixed it.

 

8 posted on 11/04/2012 8:09:25 AM PST by TArcher
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To: DeaconBenjamin

And the expectation was what? That simple arithmetic does not apply to black bankers? Mathematics practicing Affirmative Action?


9 posted on 11/04/2012 8:25:35 AM PST by Moltke ("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
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To: DeaconBenjamin

foreclosing on churches?????


10 posted on 11/04/2012 8:31:41 AM PST by dennisw (Government be yo mamma - Re-elect Barack Obama)
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