Minneapolis Bridge To Open, In Spite of Norm Teigen's Supervision

Norm Teigen Inspects Potential Dedication Signage

NYC Bridges Salute Norm's Boat

The new bridge in Minneapolis, People's Republic of Minnesota, will open soon, in spite of Norm Teigen's constant supervision. The appointed supervisor said, "Yah. Norm got in the way with his camera, but we finished anyway, don't ya know."

One Mortgage Solution

The banks always have their trotters in the trough. Right now we are facing a world-wide Depression caused by no-doc mortgages, also called Liar Loans. Mortgage salesmen made zillions placing mortgages where no income documentation was required for people buying spec homes they were not going to occupy. Eventually the greater fool problem cropped up and that packaged debt was seen as worthless, the extra homes unsold, values dropping faster than ever.

I attended a seminar by NACA, which is a non-profit mortgage agency. They get fees for placing mortgages and for saving owners from foreclosure.

NACA confrontational methods make me uncomfortable, but I wonder what else will work. Banks denounce payday loan operations but they charge $29 for insufficient funds on a $1.27 check when the debit is already covered by a deposit (but the deposit conveniently not counted until midnight).

I know a fair number of banking people from teaching them. All the big banks (like Wells Fargo) had no-doc mortgages until recently. The banking people say, "We don't now!" I reply, "That's like giving someone life insurance without asking health questions or verifying any information." Incredible.

This is how NACA works: They require a lot of documentation to save or start a mortgage. They do not have points or most fees, but they have a $50 monthly charge (for a varying amount of time) for placed or saved mortgages. They do credit and budget counseling as a requirement for getting the mortgage or saving it.

More information is available at their website. They may be a solution for some people. They are organizing in major population centers but can be reached by the Internet as well.

Wayne Mueller Encouraged

PETA Demonstration Outside the Love Shack.
Will Wayne's fatted calf be sacrificed for the Watertown prodigals at the next Junk for Jesus auction?
Photo from Planet Wayne. Seriously.

Bailing Water Was Overseas:

Saturday, July 12, 2008
VP steps aside to allow Leadership to function

Back from my journey abroad to hear that Wayne Mueller has taken a call to serve as a pastor. A little birdy also told me that many at 2929 did encourage Wayne to step down as the new leadership is going a new direction and Wayne had been a bit resistant. It wasn't long ago that Wayne was voted out and then back in.

Glad to see that another Church Growth supporter has stepped down. Maybe the ship is being righted.?

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GJ - Bailing Water loves those oceanic images. For the ship to stop floundering, the crew needs to be competent.

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Anonymous has left a new comment on your post "Wayne Mueller Encouraged":

FOUNDER vs. FLOUNDER
To founder means to sink or fail. A ship founders when it goes down--as does a company. To flounder means to act clumsily or ineffectively, or to thrash about helplessly.
http://grammartips.homestead.com/pairs1.html

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GJ - Rev. Mouse, posting again after a recent drying out, wins the Captain Obvious Award for gratuitous, unsolicited, superfluous advice. WELS is thrashing about helplessly. That is why they launched another once-in-a-lifetime giving opportunity. So I meant flounder, not founder. Remember the big, fat WELS catfish post? Flounder.