[tabi] Re: I have an idea for TCB, NFB, and the Lighthouse

  • From: "Chip Orange" <Corange@xxxxxxxxxxxxxxx>
  • To: <tabi@xxxxxxxxxxxxx>
  • Date: Fri, 15 Jan 2010 16:01:18 -0500

Darla,
 
I never said people would not repay their loans (I did call it a loan
fund after all).  If I had somehow proposed something illegal (a stretch
you really had to work at to come up with that accusation), do you think
the Lighthouse would have expressed support for the idea?
 
as for the rest of your message,  well, I can certainly tell you
couldn't make it work.
 
Someone once said "those who say they can do a thing, and those who say
they can't, are both right!"
 
Chip
 




------------------------------

Chip Orange
Database Administrator
Florida Public Service Commission

Chip.Orange@xxxxxxxxxxxxxxx
(850) 413-6314

 (Any opinions expressed are solely those of the author and do not
necessarily reflect those of the Florida Public Service Commission.)


 


________________________________

        From: tabi-bounce@xxxxxxxxxxxxx
[mailto:tabi-bounce@xxxxxxxxxxxxx] On Behalf Of djrogers0628
        Sent: Friday, January 15, 2010 3:30 PM
        To: tabi@xxxxxxxxxxxxx
        Subject: [tabi] Re: I have an idea for TCB, NFB, and the
Lighthouse
        
        
        Dear Chip,
         
        What you propose is totally unworkable; we were told of several
funds, that used to exist and had a fairly considerable amount of money,
fall flat on their faces because the funds were not administered
properly--you have to set up a nonprofit foundation of some kind first;
you need to find your funding sources--individual, corporate, etc.--you
need to set up a committee or board who will administer the fund and
process applications, etc. etc.
         
        I wish doing what you propose was as easy as you think but it is
not, and if we don't have re-payment, other funding sources will back
out because you are, in effect, giving grants rather than making loans.
         
        Are you delving into everyone's finances through some channel of
which I am not aware?  I personally don't know anyone in Tally who is
getting huge SSDI or Retirement checks, though I'll grant you there are
folks who don't have as much, and there probably ought to be some way to
verify an individual's financial status--that would mean some people
could not qualify because, even with a small-interest loan over a fair
period of time, will be more than they can afford.
        ]
        I will not involve myself in anything that is questionably
legal--oh yes, you do have to report to the 
        IRS-because what you propose sounds more like a grant program to
me with no financial accountability to the contributors or borrowers.
         
        Darla
         
        -
        Darla J. Rogers, B.A. M.S.
         
        djrogers0628@xxxxxxxxxxx
        Home phone #:  850-329-7437
         
        Do not allow someone else to be a priority in your life while
allowing yourself to be an option in theirs.--Ani Difranco

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