Treasury Won’t Say If It Has Refused to Allow Banks to Give Back ‘Bailout’ Money

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To me this proves that the story in the opinion page of the Wall Street Journal by Stuart Varney and the testimony of Judge Andrew Napolitano on the Fox News Channel a few days ago was true…even tho some questioned it because it did not give out the name of the bank because of fear of an threatened audit. Judge Napolitano called it extortion by the government for control.

Treasury Won’t Say If It Has Refused to Allow Banks to Give Back ‘Bailout’ Money

(CNSNews.com) – The Treasury Department won’t reveal the names of financial firms that are seeking to return the funds they received late last year and this year under the Troubled Asset Relief Program (TARP)–funds the firms no longer want and would like to give back to the Treasury in return for the federal government surrendering the ownership interests it took in the firms.

Despite repeated requests for the information from CNSNews.com, Treasury spokesman Jason Williams wouldn’t say how many financial instutitions want to give the money back in exchange for getting their stock back.


Williams said the government would only release the names of those banks that have successfully returned the money.

“We don’t release the names of those who have applied until we approve the allocation,” he said.

The Treasury Department also will not say whether it has refused any requests from financial institutions to repay the money they took from the government.

One institution, TCF Financial, which is based in the Minneapolis suburb of Wayzata, Minn., said it has been waiting since early March to hear whether Treasury will return the stock it owns in TCF in return for getting the money back.

“In truth we just haven’t heard one way or another, so they’re still looking at it and reviewing it and we hope to get an answer soon,” TCF spokesman Jason Korstange told CNSNews.com.

TCF, which is the largest bank to have attempted to return taxpayers’ money, wants to give back $361.2 million in bailout funds it says it didn’t need in the first place.

If successful, it would more than double the amount of public money returned to Treasury.

Korstange said that TCF was approached by Treasury to participate in its Capital Purchase Program because it is a healthy bank, but that recent changes in the program and statements from political leaders cast its participation in a negative light.

Korstange said his bank wants to return the money because of “all the changes” that have been forced on TARP.

Treasury came to the bank with the money, he said, not vice versa.

After Congress began considering additional limits on executive pay and closer inspections of participating banks, TCF decided to get out as soon as it could.

“Once that happened, the politicians decided they could run the banks (and) that they could tell us all the things we can and cannot do,” Korstange said. “So we just said, ‘Hey, we don’t need this, we didn’t need it at the beginning, and we’ll give it back to you.’”

Two other firms have announced they have applied to return the money they received from TARP–Sun Bancorp of Vineland, N.J., and Shore Bancshares of Easton, Md.

The other banks who have sought to return the money echoed TCF’s concerns, saying that congressional and administration actions have changed the rules and “stigmatized” their participation, creating a competitive disadvantage, especially executive compensation requirements and proposed federal regulation.

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Obama’s Christian Appointee to Faith-Based Program Says New Testament Teaching on Homosexuality Is ‘Not True’

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I’ll have to say I was just amazed at the articles I saw just today on the homosexual agenda of changing people’s opinions of their behavior. Here’s a brief discription of three or four of them.

Obama’s Christian Appointee to Faith-Based Program Says New Testament Teaching on Homosexuality Is ‘Not True’

By Fred Lucas, Staff Writer

Harry Knox

(CNSNews.com) – President Obama has named to his faith-based advisory council a self-professed Christian who holds that the New Testament’s teaching that homosexual behavior is unnatural and wrong–which is found in St. Paul’s letter to the Romans–“is not true.”
The appointee, Harry Knox, has also said that Obama’s decision to invite the Rev. Rick Warren to say a prayer at the Inauguration “tainted” the ceremony and that Pope Benedict XVI is a “discredited leader.”

Harry Knox, a professed gay Christian who is director of the religion and faith program at the Human Rights Campaign, a homosexual rights group, was named to President Obama’s Advisory Council on Faith Based and Neighborhood Partnerships on Monday. The advisory council gives federal grants to faith-based organizations.

In a debate with the Rev. Gino Jennings recorded Nov. 28, 2004 at the First Church of Our Lord Jesus Christ in Philadelphia, the two men sparred over various biblical verses references homosexual behavior.

Last month, Knox was quoted in a gay newspaper criticizing the pope and the Catholic group Knights of Columbus, mainly because the Knights supported the traditional marriage amendment to the California constitution.

Obama Signs On To UN Homosexual Rights

Obama’s administration notified the French sponsors of the United Nations declaration that calls for the decriminalization of homosexuality around the world that the United States was now willing to sign on. The UN’s supposedly non-binding document was signed by all 27 EU members, 70 countries in total, but not the United States, until now. The U.S. Supreme Court has already struck down state laws that criminalized sodomy. However, the legal consequences of the UN document could extend beyond decriminalization to providing special rights to homosexuals as a victim group.

There has been consternation that the UN document would go beyond the Supreme Court decision in superseding the rights of states to govern according to their own (the people’s) will. Some sections of the declaration could have the federal government deciding on matters that fall under state jurisdiction. In particular, the terms “sexual orientation” and “gender identity” could create serious uncertainty in the law. But the Obama administration has interpreted things differently.

Obama wanted to sign the document to prove, says the State Department, that the United States supports human rights for all, and is in the process of notifying Congress of his intent. State Department spokesman Robert Wood issued a statement saying how pleased the United States is to join other countries in condemning “human rights violations based on sexual orientation and gender identity.”

TheNewAmerican.com

Christian college creates homosexual housing

2009 WorldNetDaily

The church-affiliated Texas Christian University has announced plans to allocate apartment housing on its Fort Worth campus for homosexual students and their supporters.

According to a report in the city’s Star-Telegram newspaper, the school plans to open a section of the Tom Brown-Pete Wright apartments for “lesbian, gay, bisexual, transgender students and allies.”

The school also will have two living groups that are designated “Christian-based” and others for fine arts and other themes, the report said.

“It’s a chance for students to be part of a unique experience,” David Cooper, associate chief of residential life, told the newspaper.

Shelly Newkirk, a TCU sophomore who applied to create the homosexual residence lifestyle, told the newspaper her vision is that homosexuals and straight students will interact and hang out.

“Some of you will no doubt be SHOCKED to learn that ‘Christian’ does not necessarily mean ‘anti-gay.’ TCU is affiliated with the Christain (sic) Church (Disciples of Christ), a denomination that does not have anti-gay policies. … I’m just glad that some are trying to turn ‘Christian’ back into a term for love rather than the curse word that so many of you have caused it to be,” said another.

WorldnetDaily.com

Tony Blair says Pope’s views on homosexuals is wrong

Tony Blair has said the Pope and the Vatican need to modernise their views on homosexuality.

Tony Blair has said the Pope and the Vatican need to modernise their views on homosexuality. Photo: PA

The former prime minister said Pope Benedict XVI’s “entrenched attitude” towards homosexuality is less tolerant than the views of ordinary Catholics.

Mr Blair, who is now a Roman Catholic himself, has called on organised religions to “accept that the world is changing” and react accordingly.

Speaking to the gay magazine Attitude, Mr Blair suggested the Church should modernise much like political parties do.

He said: “Organised religions face the same dilemma as political parties when faced with changed circumstances.

“You can either A: Hold on to your core vote, basically, you know, say ‘Look let’s not break out because if we break out we might lose what we’ve got, and at least we’ve got what we’ve got so let’s keep it’. Or B: You say ‘let’s accept that the world is changing, and let us work out how we can lead that change and actually reach out’.”

Telegraph.co.uk