Washington – Clergy and congregants from more than 40 states gathered in front of the Department of Treasury on Tuesday (Nov. 18) to pray for Secretary Henry Paulson and members of Congress to put an end to the home foreclosure crisis.
PICO, a network of faith-based community organizations that helps provide affordable housing, is demanding that the Treasury require all banks receiving a chunk of the federal bailout package to adopt systematic loan modifications that could keep 2 million people from losing their homes, they said.
“We want them to look at the bigger picture. Don’t just look at Wall Street, look at Main Street. Look at the man next door who is working hard and really paying taxes,” said Marvin Webb, the assistant pastor of Peniel Full Gospel Baptist Church in El Sobrante, Calif. “We are asking the secretary and Congress to keep people in their homes.”
Representatives from cities where the foreclosure crisis has hit the hardest held signs displaying the number of people facing foreclosures, while people who have lost their homes gave their personal accounts.
Webb prayed between each testimony.
“Remove the veil between the people of this nation and the people in authority. Pierce the veil of Secretary Paulson and Congress and move in their hearts today,” Webb prayed, while the crowd shouted, “Wake up!
Wake up, Secretary Paulson!”
In the coming weeks, PICO will hold public negotiations with officials in cities where foreclosure numbers are high. They plan to meet with House Financial Services Committee Chairman Barney Frank and Senior Obama transition officials to ask for their help in keeping people in their homes.
Demonstrators delivered a letter signed by more than 500 clergy to Paulson, asking him to end the foreclosure crisis.
“We want them to see the faces of people who are distressed. We want them to take the power they have and adjust loans and mortgages so people can stay in their houses” Webb said.
Ashley Gipson
Religion News Service
Copyright 2008 Religion News Service. All rights reserved. No part of this transmission may be distributed or reproduced without written permission.
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posted November 18, 2008 at 7:13 pm
Maybe they should watch Creflo Dollar. That way they could learn to GIVE their way into prosperity and not have to worry about house payments, car payments, utilities, etc. Oh yeah, Pres. Elect Obama’s got that one taken care of. My bad
In all sincerity, though, I hope we can turn this around, though it looks as if it may be a slow, gradual, and rather painful process. My hopes and prayers are with the clergy.
posted November 19, 2008 at 11:06 am
This is neither a Wall St nor a Main St issue – this is a side street, back street and cute-but-goofy development street issue. I think the whole situation might be helped if the mortgage companies were “convinced” to set aside the usurous interest rates and to let people get back to the resonable payment they started at. Also, when the building has tenants that may be displaced, with no where else to go, there should be a way to allow them to stay – paying rent to the mortgage holder instead of the landlord-in-arrears. This is a problem that shoudl have more heart and less head, more focus on the people and far less on the insitutions. We have long ago forgotten that the institutions, systems, and establishment was created for people, and not people to serve them.
Blessings on my colleagues in ministry. The bubble burst here first (sw Florida)and the agony continues here as more jobs are lost and lives in turmoil. A slow and steady focus on the people and not on systemic change or institutional remodeling is going to save the day. Anything else will simply benefit the people who led the charge into this slaughter from the beginning.