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SUMMARY OF TEMPORARY RESTRAINING ORDER AND INJUNCTION SUMMONS - THE COURT OF INDIAN OFFENSES TO: LARUE PARKER, Caddo Tribal Complex, Binger, YOUR HAVE BEEN SUED BY THE PLAINTIFF(S), and you are directed to file a written answer to the attached petition in this Court at the above location within thirty (30) days CADDO NATION OF OKLAHOMA, LaCREDA DAUGOMAH, CHRISTINE NOAH, ANN DONAGHEY, MARY PAT CLARK, and MARILYN THRELKELD, Council Members of the Caddo Nation of Oklahoma, Plaintiffs, LaRUE PARKER, individually, and as Chairman of the Caddo Nation of Oklahoma, FRANCES KODASEET, individually, and as the Oklahoma City Representative of the Caddo Nation of Oklahoma, and JOYCE HINSE, individually and as Vice- Chairman of the Caddo Nation of Oklahoma, Defendants. NOW, on this 18th day of September, 2003, the verified Petition requesting Temporary Restraining Orders and Injunctions and Orders in Mandamus comes on for consideration before the undersigned Judge of the Court of Indian Offenses for the Caddo Tribe of Indians of Oklahoma and the Court finds that a Temporary Restraining Order and Injunction and Order in Mandamus should issue. IT IS THEREFORE ORDERED, ADJUDGED AND DECREED that Defendants, namely LaRue Parker, Frances Kodaseet and Joyce Hinse, be and they are hereby restrained from interfering with the conduct of business of the Election Board of the Caddo Tribe of Indians of in any manner whatsoever. Phil Lujan JUDGE

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Actually this crisis goes even deeper than most realize. Yes, the big banks, Wall Street speculators, and secondary financial products issuers were WAY over-leveraged, on the edge, and over the line. But....many of the "products" they "engineered" such as the derivatives scandal weren't officially regulated. Who is the primary entity charged with regulatory oversight? The FED. Who controls interest rates and the supply of money? The FED.

Great post. You can never trust anyone whose income is based solely on commission. Real estate agents only have their bottom line in mind.
The FED is THE most incredibly powerful, secretive force behind the meltdown. They kept a gusher of virtually free money flowing for over eight years WITHOUT any deep, systematic and preventative regulation on all that money. that may have prevented such rampant manipulation. It could be argued that they engineered this mess because before the "saved us" from this calamity, they made the largest institutional margin calls in history, setting the crashing down of the house of cards. This is a fact.
Remember how the used car salesman was always scorned and ridiculed?.....Well, I would place my trust in a car salesman over a realtor any day of any week. How many times have you heard, "Well, you best put an offer in tonight as there are three more waiting. And, if you are smart, you'll make an offer OVER asking price". Realtors share much of the blame for the housing bubble and collapse. Never trust one, in my experience they are watching out for themselves only.

The NAR has zero credibility.
That's right, Mr. Weix. The homeowner who bit off more than he/she could afford is now a victim. Are you really serious, "the lenders caused this mess and are the enemy"?

You, if indeed you are a realtor, Mr. Weix, are a major cause of the housing collapse. And your post is almost laughable
The American public now understands that the whole mortgage industry, from lenders to Wall Street, is rife with greed, dishonesty and incompetence.

I deal with homeowners in trouble everyday. Their experiences with the banks are nothing short of bizarre and often cruel.

I recently listed a property for $69,000, as a “short sale”. I then got an offer for $51,000. The bank rejected the offer and responded that they wanted an offer closer to the asking price. I lowered the asking price to $59,000 and resubmitted the same offer. It was then accepted by the bank.

In another case, the bank would not allow a homeowner, who agreed to do a “short sale”, to remain in the home as a tenant. The buyer then lowered his offer by $10,000, to cover the cost of a vacancy. The bank lost $10,000, but was delighted that it forced a woman, with two children, to move from their home of 12 years.

The really sad thing about the whole foreclosure crisis is the fact that the banks do not need to foreclose on most homes. If a loan modification will not work, there are plenty of buyers that are willing to buy these homes as a “short sale”.

For those homeowners now in financial trouble or upside down on their mortgage, remember that the lenders caused this mess and continue to prolong it. They are the enemy. Do what you need to do and show no mercy.

If that bothers your conscience, then do what the lenders do, just tell yourself: “It is simply a business decision

OK, I am tired of the statement "the lenders caused this mess" Yes the granting of mortgages to unqualified people was a mistake, and it raised the housing prices because anyone could buy on and often folks bought more than 1, but whatever happened to responsibility, you borrow money and then you pay it back. It is very simple concept. tThe banks were too free-wheeling or the mortgage brokers were, but in the end who bought a property at an inflated price. I have a property that I bought at too high a price, it is now worth way less than I paid for it. But I pay the mortgage on it and the taxes, maybe someday I will get some of my money back on it. But that is life. You signed the paper - right
Median Personal Income in 1974 was $18K, in 2005 it had risen to $25K....A 30% increase.

Average price of a home during the same timeline increased from $28K to $175K, a five-fold increase.

IF the market is really stabilizing it is only doing so temporarily.



 

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