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I wonder which financial institution is extending the line of credit to the Diocese.
1 posted on 01/04/2008 2:05:36 PM PST by rabscuttle385
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To: sionnsar; Huber

FYI


2 posted on 01/04/2008 2:06:05 PM PST by rabscuttle385 (It takes courage to grow up and turn out to be who you really are.)
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To: rabscuttle385
"That line has since been increased to $2 million and about $1 million has been accessed."

This is the apostate side p***ing away their cash right? That's a pretty fast burn rate. The fact their lawyers aren't working on a contingency basis tells you something. I was always pretty straight with my clients in this regard. When I refused to take a case on a contingency basis and they offered to pay me hourly I would look them in the eye and say: "I know what I'm doing here and if I don't see an upside in investing in this case why should you?" Most got the message.

3 posted on 01/04/2008 2:18:09 PM PST by joebuck
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To: rabscuttle385
I wonder which financial institution is extending the line of credit to the Diocese.

I hope not a regulated one. My first guess would be that they are 'borrowing' from the ECUSA.

5 posted on 01/04/2008 2:53:41 PM PST by PAR35
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To: rabscuttle385

I guess that “Bishop” Jefferts Schori would rather bankrupt the Episcopal Diocese of Virginia than permit a few Christians to escape her clutches with their property.


6 posted on 01/04/2008 2:54:35 PM PST by sitetest (If Roe is not overturned, no unborn child will ever be protected in law.)
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To: rabscuttle385
I wonder which financial institution is extending the line of credit to the Diocese.

I sure to goodness hope it's not one in which I hold stock. When you have to borrow money to pay your lawyers, that is almost always a harbinger of disaster.

Bp. Lee has got to feel pretty sick right now.

He had hammered out an agreement with the departing parishes which allowed them to keep their property in exchange for payments to the Diocese. Then 815 interfered and forced him somehow to change his tune and litigate (I do wonder if Beers has photos of Lee in a compromising position, or if he just threatened his pension.)

Now it looks like the good bishop is left holding a very ugly bag full of nasty. I wonder if he still thinks it was worth it to give in to 815. . . . I doubt it.

7 posted on 01/04/2008 3:08:55 PM PST by AnAmericanMother ((Ministrix of Ye Chase, TTGC Ladies' Auxiliary (recess appointment)))
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To: rabscuttle385

Eat your heart out Rt. Rev. Peter James Lee! You and Bishop Jones have no one to blame but yourselves. Bishop Gray, a tough former Marine, knew how to vote on Vickie Gene’s application to join your club—once again proving that even a “jarhead” gets things right every now and then.


8 posted on 01/04/2008 3:38:49 PM PST by meandog (I'm one of the FEW and the BRAVE FReepers still supporting John McCain)
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