You are right Darla I agree with you. But can it be done yes. But there is
a
lot of hoops you are going to have to jump thru! This is a great idea but
it
is not as easily done as you thinking Chip. You have a lot of rules and
laws
to go by. You can't just go out and start a loan company. Now this being
said if you are really rich with lots of money you can give how much money
away as you can afford. But that is just you giving it away. Not a loan
company.
t
Sign,
JP ( Joe Plummer)
joeplummer@xxxxxxx
-----Original Message-----
From: tabi-bounce@xxxxxxxxxxxxx [mailto:tabi-bounce@xxxxxxxxxxxxx] On
Behalf
Of Lynn Evans
Sent: Friday, January 15, 2010 9:30 PM
To: tabi@xxxxxxxxxxxxx
Subject: [tabi] Re: I have an idea for TCB, NFB, and the Lighthouse
Martin Luther King Jr had a dream also.
tell them about the dream Martin. Tell them about the dream.
----- Original Message -----
From: Charles Atkins <mailto:catkins@xxxxxxx>
To: tabi@xxxxxxxxxxxxx
Sent: Friday, January 15, 2010 4:15 PM
Subject: [tabi] Re: I have an idea for TCB, NFB, and the Lighthouse
Sounds like something out of a dream, or, other!
Gotta start somewhere though.
I'm sure many could appreciate the thought anyway!
I applaud even the thought as Chip presented it.
The thought of Airplanes were probably once laughed at!
Thought not to be possible!
"To Dream The Impossible Dream"
Sounds like music to my ears!
Let the music play on!
----- Original Message -----
From: djrogers0628 <mailto:djrogers0628@xxxxxxxxxxx>
To: tabi@xxxxxxxxxxxxx
Sent: Friday, January 15, 2010 3:29 PM
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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