Opposing Predatory Lending in Oklahoma: Arkansas Oklahoma Network

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Opposing Predatory Lending in Oklahoma

Posted on Jun 15, 2009 by Needful Provision

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Message*	PUBLIC SAFETY NOTICE for Cherokee County, Oklahoma [b]General Background:[/b] For more than a decade, some bankers, mortgage lenders, and credit card companies have been using "political payola," (large, sustained campaign contributions), very expensive gifts, free trips, sexual favors, and other bribery techniques to "buy" the votes of a majority of our U.S. Congressmen. By this means they have influenced legislation supporting the predatory lending that created the subprime home mortgage crisis already costing taxpayers over $1 trillion. Loan sharks are called mobsters. Thieving legitimate lenders are known as so-called "progressive capitalists" who impose punitive terms short of kneecapping (a means of punishment loan sharks used as a means of debt collection). For far too long, many of our U.S. Congressmen considered these thieving lenders as role models and beloved campaign contributors. President Barack Obama has proposed a Financial Products Safety Commission to help protect all banking customers from the depredations of irresponsible lending. Corrupt lenders plan to soon spend over $100 million to bribe Congressmen in an attempt to stop this safety commission from becoming a reality. Elizabeth Warren, a Harvard University Law Professor, was commenting on the above corruption when she stated: "The consumer-credit industry can dream up any sneaky product it wants, and no one polices it for harm." [b]Local Lender Factor:[/b] Chase Home Finance is taking foreclosure action on real estate, in Cherokee County, Oklahoma, leased by Needful Provision, Inc. (NPI). NPI uses this property in the making of civic action/ redevelopment training materials in support of national security efforts in Iraq and Afghanistan. This real estate is also used by NPI to help provide job training for refugees, such as the Hmong political refugees who escaped communist genocide in Laos (and relocated to our area). Chase recently refused to sell this real estate to NPI for a fair market price, to be paid in cash. All evidence suggests that Chase wants to proceed to foreclosure to help keep foreclosure numbers high in order to obtain more federal relief dollars. In brief, Chase is willing to damage NPI's national security support operations in the process of seeking a handout from government (NPI's official position based on the evidence). [b]The Safety Issue:[/b] Although the threats are not considered high, NPI has received threats from the al-Qaeda terrorist organization as well as a local neo-Nazi group making attacks on local Hmong (Asian) refugees. In recent months, there have been two armed assaults and three arson attacks against those participating in NPI's local programs. To protect against such threats, NPI maintains several layers of security to include armed guards. If the foreclosure action, by Chase, results in a loss of NPI's local real estate, any buyer(s) must assume that some security issues will be transferred to them as the new owner(s). As a result, NPI has a fiduciary responsibility to make any and all prospective buyers, of NPI's property, aware of this possible security problem. Once fairly warned, NPI will not be responsible for harm, injury, or death of any buyer(s) of real estate NPI owns or leases (to include the subject property in Cherokee County, Oklahoma). David A. Nuttle, President Needful Provision, Inc. (NPI), P.O. Box 1595, Tahlequah, OK 74465 Tel. 918-868-5710
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PUBLIC SAFETY NOTICE for Cherokee County, Oklahoma

General Background: For more than a decade, some bankers, mortgage lenders, and credit card companies have been using "political payola," (large, sustained campaign contributions), very expensive gifts, free trips, sexual favors, and other bribery techniques to "buy" the votes of a majority of our U.S. Congressmen. By this means they have influenced legislation supporting the predatory lending that created the subprime home mortgage crisis already costing taxpayers over $1 trillion.

Loan sharks are called mobsters. Thieving legitimate lenders are known as so-called "progressive capitalists" who impose punitive terms short of kneecapping (a means of punishment loan sharks used as a means of debt collection). For far too long, many of our U.S. Congressmen considered these thieving lenders as role models and beloved campaign contributors. President Barack Obama has proposed a Financial Products Safety Commission to help protect all banking customers from the depredations of irresponsible lending. Corrupt lenders plan to soon spend over $100 million to bribe Congressmen in an attempt to stop this safety commission from becoming a reality.

Elizabeth Warren, a Harvard University Law Professor, was commenting on the above corruption when she stated: "The consumer-credit industry can dream up any sneaky product it wants, and no one polices it for harm."

Local Lender Factor: Chase Home Finance is taking foreclosure action on real estate, in Cherokee County, Oklahoma, leased by Needful Provision, Inc. (NPI). NPI uses this property in the making of civic action/ redevelopment training materials in support of national security efforts in Iraq and Afghanistan. This real estate is also used by NPI to help provide job training for refugees, such as the Hmong political refugees who escaped communist genocide in Laos (and relocated to our area). Chase recently refused to sell this real estate to NPI for a fair market price, to be paid in cash. All evidence suggests that Chase wants to proceed to foreclosure to help keep foreclosure numbers high in order to obtain more federal relief dollars. In brief, Chase is willing to damage NPI's national security support operations in the process of seeking a handout from government (NPI's official position based on the evidence).

The Safety Issue: Although the threats are not considered high, NPI has received threats from the al-Qaeda terrorist organization as well as a local neo-Nazi group making attacks on local Hmong (Asian) refugees. In recent months, there have been two armed assaults and three arson attacks against those participating in NPI's local programs. To protect against such threats, NPI maintains several layers of security to include armed guards. If the foreclosure action, by Chase, results in a loss of NPI's local real estate, any buyer(s) must assume that some security issues will be transferred to them as the new owner(s). As a result, NPI has a fiduciary responsibility to make any and all prospective buyers, of NPI's property, aware of this possible security problem. Once fairly warned, NPI will not be responsible for harm, injury, or death of any buyer(s) of real estate NPI owns or leases (to include the subject property in Cherokee County, Oklahoma).

David A. Nuttle, President
Needful Provision, Inc. (NPI), P.O. Box 1595, Tahlequah, OK 74465 Tel. 918-868-5710