NASA & THE BIBLE

Submitted by CP - Thanks

NASA & THE BIBLE

Thought this was pretty amazing and interesting!

For all the scientists out there, and for all the students who have a hard time convincing these people regarding the truth of the Bible, here's something that shows God's awesome creation, and that He is still in control.

Did you know that the space program is busy proving that what has been called 'myth' in the Bible is true?

Mr. Harold Hill, President of the Curtis Engine Company in Baltimore, Maryland, and a consultant in the space program, relates the following development. 'I think one of the most amazing things that God has done for us today happened recently to our astronauts and space scientists at Green Belt, Maryland ...

They were checking out where the positions of the sun, moon, and planets would be 100 years and 1,000 years from now. We have to know this so we won't send up a satellite and have it bump into something later on in its orbits.

We have to lay out the orbits in terms of the life of the satellite and where the planets will be so the whole thing will not bog down.

They ran the computer measurement back and forth over the centuries, and it came to a halt. The computer stopped and put up a red signal, which meant that there was something wrong with either the information fed into it or with the results as compared to the standards.

They called in the service department to check it out, and they said, 'What's wrong?' Well, they found there is a day missing in space in elapsed time.

They scratched their heads and tore their hair out. There was no answer.

Finally a Christian man on the team said, 'You know, one time I was in Sunday School, and they talked about the sun standing still.' While they didn't believe him, they didn't have an answer either, so they said, 'Show us, '

He got a Bible and went to the book of Joshua where they found a pretty ridiculous statement for any one with 'common sense.'

There they found the Lord saying to Joshua, 'Fear them not, I have delivered them into thy hand; there shall not a man of them stand before Thee.'

Joshua was concerned because he was surrounded by the enemy! And if darkness fell, they would overpower them. So Joshua asked the Lord to make the sun stand still! That's right.... 'The sun stood still and the moon stayed and
lasted not to go down about a whole day!'

(Joshua 10:12-13)

The astronauts and scientists said, there is the missing day! They checked the computers going back into the time it was written and found it was close but not close enough. The elapsed time that was missing back in Joshua's day was 23 hours and 20 minutes .. Not a whole day.

They read the Bible, and there it was about[approximately] a day. These little words in the Bible are important, but they were still in trouble because if you cannot account for 40 minutes, you'll still be in trouble 1000 years from now.

Forty minutes had to be found because it can be multiplied many times over in orbits. As the Christian employee thought about it, he remembered somewhere in the Bible where it said the sun went BACKWARDS.

The scientists told him he was out of his mind, but they got out the Book and read these words in 2 Kings that told of the following story: Hezekiah, on his death bed, was visited by the prophet Isaiah who told him that he was not going to die. Hezekiah asked for a sign as proof. Isaiah said 'Do you want the sun to go ahead 10 degrees?'

Hezekiah said, 'It is nothing for the sun to go ahead 10 degrees, but let the shadow return backward 10 degrees.' Isaiah spoke to the Lord, and the Lord brought the shadow ten degrees BACKWARD! Ten degrees is exactly 40 minutes!'

Twenty-three hours and 20 minutes in Joshua, plus 40 minutes in Second Kings make the missing day in the universe! Isn't it amazing?

References:
Joshua 10:8, 12-13 and 2 Kings 20:9-11.

Forward this to as many people who you believe would think this is equally as cool.

If God could do this then; how much more can he do for us today, if we only believe in His word. Never be afraid to try something new.

All I have and all that I am is by the Grace of God!

Don't compare your life to others. You have no idea what their journey is all about.

The little old lady's prayer

The little old lady's prayer

In church I overheard the lady in the pew next to me saying a
short private prayer. It was so sweet and sincere that I just had to share it with you.

"Dear Lord,
This has been a tough 12 months ... You have taken my favorite actor,
Patrick Swayze, my favorite actress, Farrah Fawcett, my favorite musician, Michael Jackson,
my favorite salesman, Billy Mays, and my favorite athlete, Steve McNair.

"I just wanted you to know that my favorite president is Barack Obama.

"Amen!

This is the time of great salvation

DENISE MEARS

www.propheticwordofhope.com

04/16/11

Be at peace, My children, for this is the time of great salvation. A time when doors are opening as never before. These doors accommodate a new season in time. You have waited for this time and call out for these doors to manifest for you know what is on the other side; a new freedom and a new power.

It is as quantum physics; the door materializes as your faith is ignited. A place never before walked in for it is a place of divine miracles for this season. You have now allowed yourself to believe for such a time. Be extravagant in your faith for then it will come to pass.

Remember the quirk is not there until you establish it or dare to think about it. Let this mind be in you which was in Christ Jesus. I would look to my Father, the giver of all light; the giver of all gifts and miracles.

Again, believe that great salvation has come and you have passed from death unto life; life to all that you are believing for in My Kingdom. Pray for My Kingdom to come on earth as it is in heaven. Pray for all breaches to be repaired. Pray for my will be done on earth as it is in heaven. Sense the urgency of this time and push as one in labor.

"Then He took the five loaves and the two fish, and looking up to heaven, He blessed and broke them, and gave them to the disciples to set before the multitude.”
Luke 9: 16

Dinar Intel Update - 4-15-2011

OKIE_OIL_MAN - 04-15-2011

GOOD DAY AMERICA AND SHIPS AT SEA AND ALL OUR FOREIGN FRIENDS.
WELL, TODAY WAS QUITE A DAY IN THE INTEL WORLD. INTEL WAS SHARED ON A CONFIDENTIAL BASIS AND DETAILS CAN NOT BE POSTED AT THIS EXACT MOMENT. I HAVE SPENT THE DAY WITH ATTORNEYS ... BANKERS ... AND ACCOUNTANTS GETTING TRUST'S ... BANK ACCOUNTS ... OBTAINING EIN NUMBERS FROM THE IRS AND ALL LEGAL MATTERS SETTLED AND SITUATED FOR A BOUNTIFUL BLESSING FORTHCOMING (DOES THAT TELL YOU SOMETHING?).

I HAD AN INDIVIDUAL ASK ME THIS MORNING ... WHAT'S THE JUICE?? ... TO WHICH I STATED ... JUICE ... WHAT JUICE? ... AS OF NOW, ALL THE JUICE HAS BEEN EXTRACTED AND IS READY FOR CONSUMPTION. WE ARE WAITING FOR THE WAITER TO BRING OUR JUICE MOMENTARILY.
I NOW WISH TO PUBLICLY THANK MR. SHABBI ... THE UNITED NATIONS ... THE UN SECURITY COUNCIL ... THE IMF ... THE WORLD BANK ... THE INTERNATIONAL BANK OF SETTLEMENT ... THE IRAQI PARLIMENT AND THE US GOVERMENT FOR THEIR COMPLETED (COMPLECATED) PARTICIPATION IN THIS GLOBAL IMPLICATIONS EVENT. I WISH TO ALSO THANK EVERYONE WHO READS THIS POST FOR YOUR PATIENCE, WHICH WILL BE REWARDED SHORTLY.
THIS HAS NOT BEEN A TONGUE IN CHEEK POST, BUT HAS BEEN A REASSURING POST, WHICH IS VERY SELF EVIDENT, AS TO ITS MEANING.
TO GOD BE THE GLORY AND THANKS FOREVER AND FOREVER ... NUFF SAID ... PERIOD!!! ELAH

******************************************************************************************************************************************************************

Blaino - 04-15-2011

Citizens, Friends and fellow Dinarians ...
following a day long circuit of calls, conferences, texts and exchanges of information with several high level sources, contacts and associates, both here and abroad ... it appears that things are in a state of flux and positive changes are definitly coming.
I have said before that the main window of opportunity is commencing after 9pm CDT tonight, the time when all American Banks (Banks in America ) are closed, including in Hawaii ... an interesting time. It is also 6am in Baghdad, right after morning prayers for most.
Recall that the PlanetDinar.com Moderator "seeker" told us that this is, as I postulated elsewhere in November, the ideal place and time to communicate a specific message to the maximum number of Iraqi Citizens all at the same time. Hummmm ... Anyway, with so much swirling and so many conflicting rates, times and so on in the mix ... lets choose to observe and record, rather than risk influencing those who observe us, our recommendations, intel, speculation and conversations. I am going to hold off with our next Conf. Call for now, watch the happenings and bring us back together at the opportune moment to share what will then be clearer and of true merit and worth, rather than a shot into the blackness that may hit the mark or possibly create collateral damage, concern and encourage additional delays.
I want to complement all of you on the difficult task of Holding until relieved ... regular people, peeps or folks could never have managed it with the grace, style and congenial attitudes that the Citizens, Mods and staff of

PlanetDinar.com have exhibited.
Clearly, Dinarians true and strong! Endeavor to persevere, to win thru in the face of adversity, against overwhelming odds and in spite of the negative influences of those less well equipped to make the cut!
Blaino

LADY YOU HAVE A LOT OF GUTS!

Rumormill News

LADY YOU HAVE A LOT OF GUTS! Re: This video just came out & it already has

Posted By: watcher51445 [Send E-Mail]
Date: Saturday, 16-Apr-2011 08:19:26

Thank you for writing Karen. I thought the video was well done also. Therefore I shall do a second presentment: http://www.rumormillnews.com/cgi-bin/forum.cgi?read=202339 I believe the pendulum has started to swing so let's keep it going. This is very well done. http://www.youtube.com/watch_popup?v=JVAhr4hZDJE&vq=medium#t=19 Your points are well made to a certain degree when you say: "Get yourself off the grid anyway you can. NOW! - 6 million viewers of this video get cracking on that and you will soon see a difference esp as others follow suit. This is what needs and must be organised and it is called TAKING RESPONSIBILITY so stop giving your rights away! " If, Karen the Queens Crown Knights as Agents of the Crown of England would stop trying to get control over every damned ounce of American Soil by 'bribing' individuals such as SIR Alan Greenspan, SIR George H.W. Bush, SIR Colin Powell etc, etc, etc who are REWARDED HANDSOMELY FOR DESTRUCTION OF OUR CONSTITUTIONS STATE AND FEDERAL; APPOINTING "JUDGES" TO "IGNORE" THE LAW OF THE LAND AND BILL OF RIGHTS WHICH PROTECT THE PEOPLE AND THEIR PROPERTY, IGNORE THE BILL OF RIGHTS Vth AMENDMENT WHICH ACTUALLY "KAREN" CAME INTO EXISTENCE BECAUSE OF THE "INTOLERABLE ACTS" VISITED UPON "JOHN LILBURN" BY "AGENTS OF THE CROWN OF ENGLAND" .. WHEREAS THE VIOLENT ACTS AGAINST JOHN LILBURN OUTRAGED THE PEOPLE OF THE WORLD SO MUCH, IT ULTIMATELY FOR SEVERAL HUNDRED YEARS REMAINED IN MANY COUNTRIES CONSTITUTIONS. Don't you ENGLISH PERSONS point one single finger at a single "ONE" of WE, THE PEOPLE of the united States of America, because when you point your bloody finger; YOU HAVE THREE POINTED BACK AT YOUR BRITISH "SELF". WE, THE PEOPLE, KAREN; DID NOT GIVE A "SINGLE RIGHT AWAY" YOUR BRITISH "CROWN AGENTS" BOUGHT AMERICA'S "PRESIDENTS, US HOUSE AND SENATE MEMBERS, JUDGES, LAW ENFORCEMENT OF THE SOVEREIGN CIVIL GOVERNMENTS AND FEDERAL GOVERNMENTS".. AS YOU SO 'SMUGLY' POINT OUT.. quote: "This is what needs and must be organised and it is called TAKING RESPONSIBILITY so stop giving your rights away! ".. THE SHOE FITS ON YOUR "BRITISH FEET" AS IT EQUALLY FIT THE FEET OF "WE, THE PEOPLE".. YOUR PARLIAMENT ONVESTIGATIVE ARM i.e. "THE CORNER HOUSE" HAVE ALLEGED FOR YEARS: THE LAW OF THE LAND WILL PREVAIL...AS FOREIGN CORPORATIONS OF THE "MUSLIM NATIONS" HAVE "BRIBED" YOUR OWN REPRESENTATIVES.. History documents PRINCE PHILLIP as a GREEK-DANISH-TURK. Prince Philip, Duke of Edinburgh (born Prince Philip of Greece and Denmark; 10 June 1921) is the husband of Elizabeth II. Philip was born into the Greek and Danish ... [and Turkish] THE WAY I SEE IT KAREN; YOU HAVE SOME HOUSE CLEANING TO DO ALSO IN YOUR "UNITED KINGDOM".. IF THIS 'HOUSE CLEANING' IS NOT DONE BY THE WE, THE PEOPLE OF THE united States.. for WE have become: Les Misérables (literally "The Miserable Ones"; usually /leɪ ˌmɪzəˈrɑːb/; French pronunciation: [le mizeʁabl(ə)]), translated variously from the French as The Miserable Ones, The Wretched, The Poor Ones, The Wretched Poor, or The Victims)." WE, THE PEOPLE of the REPUBLICS of the united States of America will agree.. WE HAVE HAD CHIT for ADMINISTERATORS AND EXECUTIVES in this nation since the CROWN AGENTS OF THE "TRIPOD" consisting of WR GRACE, JP MORGAN, ROTHSCHILD BANKING set foot on THE AMERICAN CONTINENT. The 'execution of the CROWN AGENTS which set about for THE CROWN OF ENGLAND'S "MANIFEST DESTINY" BY DIVIDING AND CONQUERING THE "SOVEREIGN REPUBLICS" OF THE united States over that damned "COTTON WAR" which has been touted was over SLAVERY also known as THE CIVIL WAR which is a bunch of BILGE.. WHICH OVERTHREW the American Banking System through FRAUD AND DECEPTIVE PRACTICES.. WHICH BY THE "REMOVAL" OF THE "GLASS STEAGALL ACT" allowed this to reseruct its HYDRA HEAD and destroy the U.S. DOLLAR with the fraudulent "ROTHSCHILD BANKING FEDERAL RESERVE NOTE WHICH IS NOTHING MORE THAN AN "I.O.U." backed that damned I.O.U. with the homes, farms, business's, health of WE, THE PEOPLE. NEVER PAYING A "SINGLE U.S. DEBT".. THE FED. R. SIMPLY PLEDGED "AMERICANS HOMES, FARMS, LANDS, HIGHWAYS, RIVERS AS "COLLATERAL" WHICH WAS ILLEGALLY SOLD OFF IN EXECUTIVE ORDER 12803. SEE: George Bush The White House, April 30, 1992. Source: http://www.presidency.ucsb.edu/ws/?pid=23625 You have a lot of GUTS lady to tell WE, THE PEOPLE anything.. when your UNITED KINGDOM have SAT WITH A "GERMAN" HOUSE OF WINDSOR for years: The House of Windsor is the current royal house of the Commonwealth realms. It was founded by King George V by royal proclamation on the 17 July 1917, when he changed the name of his family from the German Saxe-Coburg and Gotha to the English "Windsor". Currently, the most prominent member of the House of Windsor is Elizabeth II, the reigning monarch of the Commonwealth realms. Prince Albert of Saxe-Coburg and Gotha (later The Prince Consort; Francis Albert Augustus Charles Emmanuel;[1] 26 August 1819 – 14 December 186 THE ROYAL FAMILY OF "SAXE COBURG and GOTHA" being GERMAN have pulled the WOOL of the DOPPLEGANGERS over you BRITS also. THE BRITS and AMERICANS are both represented by "NAZI" PRINCIPLES of DESTRUCTION OF CIVIL LIBERTIES and DENIAL OF PROPERTYS. THANK YOU FOR WRITING, KAREN. ================================================================================================= ----- Original Message ----- From: <k-c@.co.uk To: Sent: Saturday, April 16, 2011 4:24 AM Subject: Re: This video just came out & it already has .... > The following e-mail was sent to you via The Rumor Mill News Reading Room from Karen > > *************************************************************************** > > > > Re: This video just came out & it already has .... > > > > It's a start in the right direction I suppose, but at the end of the day it is only addressing the latest puppet isn't it? The Shadow Government are the rulers of the world and America is not the centre of the world. The Headquarters on earth for these despots are The City of London and Israel. However, let us not forget that the beings who are controlling them are from another dimension (reptillians?) So while you are all wondering if Mr Obama is going to listen to the american people and step up to the plate? You should be asking can he - just one man? Ridiculous! Take responsiblility by removing your support. Don't pay your mortgage, taxes etc. Don't buy anything from corporations. Remove your money from the big banks. Get yourself off the grid anyway you can. NOW! - 6 million viewers of this video get cracking on that and you will soon see a difference esp as others follow suit. This is what needs and must be organised and it is called TAKING RESPONSIBILITY so stop giving > your rights away! A much better video has been posted on Project Camelot at Kerry's blog if anyone cares to take a look?

God bless the USA Video

This video just came out & it already has over 6 Million Hits, God bless the USA

Posted By: watcher51445 [Send E-Mail]
Date: Friday, 15-Apr-2011 19:44:08

This is without a doubt the best video that has come out and apparently 6 Million others think so too because there have been 6 million hits in 4 days. Please watch it again and again and send it on to others. I believe the pendulum has started to swing so let's keep it going. This is very well done. http://www.youtube.com/watch_popup?v=JVAhr4hZDJE&vq=medium#t=19 Over 6 million hits in 4 Days pass it on !

ROBBING THE POOR

David Icke Newsletter Preview
ROBBING THE POOR ...

… TO GIVE TO THE RICH WHO MADE THEM POOR
The greatest transfer of wealth from people to parasites in known human history
The David Icke Newsletter Goes Out On Sunday

Throughout the 1980s and 90s and through to the crash in September 2008, the chairmen of the privately-owned (Cabal-owned) Federal Reserve, the ‘US’ central bank, were Alan Greenspan (Rothschild Zionist) and Bernard Bernanke (Rothschild Zionist), who remains to this day. Greenspan set about his task through the administrations of Bush-Reagan, Father Bush, Bill Clinton and Boy Bush to delete the checks and balances, otherwise known as ‘regulation’, which firewalled the system to some extent from the worst consequences of unrestrained greed and corruption running riot.

He was supported in this by all those presidents and ‘their’ choices for Treasury Secretary, not least Larry Summers (Rothschild Zionist) and Robert Rubin (Rothschild Zionist) who held the post during Bill Clinton’s reign and deregulated at every opportunity in league with Greenspan. The script was unfolding with its inevitable and disastrous outcome.

It was the same story with a Rubin protégé called Timothy Geithner (Rothschild Zionist) who joined the deregulation frenzy when he became president of the Federal Reserve Bank of New York, the most influential in the Fed’s private network. Obama later chose the same Geithner and Summers to 'solve the banking crisis' they had done so much to cause.

At the same time, with the ring fences gone pretty much in the financial industry, the salivating smart suits were unleashed with a bonus for every mortgage and other deal they got someone to sign up to. The ‘client’ did not need to have the money necessary - they just needed to sign for the bonus tills to ching. ‘You wanna house, but got no money? No problem, sign here.’ Ching, ching.

The banks then sold off many of these debts, which they knew were bound to default, but gave them a triple-A rating, in other words they said it was a couldn’t-fail investment. This is a blatant fraud, but these heartless, soulless purveyors of greed and mendacity have not seen the inside of a courtroom, let alone a jail cell. Instead, they have walked away with billions personally and trillions collectively - and we pick up the tab.

America And Canadian Oil

American & Canadian Oil - can you believe this!!!!!!?


OIL - you better sit down... Here's an interesting read, important and verifiable information : About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together."


Please read below.
The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota , and extreme eastern Montana ...... Check THIS out:


The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil.


The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... At $107 a barrel, we're looking at a resource base worth more than $5..3 trillion.




"When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst. "




This sizable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette.


It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' It stretches from Northern Montana, through North Dakota and into Canada ..


For years, U. S. Oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves....


And we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!




That's enough crude to fully fuel the American economy for 2041 years straight. And if THAT didn't throw you on the floor, then this next one should - because it's from 2006!




U. S. Oil Discovery- Largest Reserve in the World Stansberry Report Online - 4/20/2006




Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?




They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:




- 8-times as much oil as Saudi Arabia




- 18-times as much oil as Iraq




- 21-times as much oil as Kuwait




- 22-times as much oil as Iran




- 500-times as much oil as Yemen




- and it's all right here in the Western United States .

HOW can this BE?

HOW can we NOT BE extracting this?


Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?




James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.


Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists?


Got your attention yet?


Now, while you're thinking about it, do this:




Pass this along.


If you don 't take a little time to do this,


Then you should stifle yourself the next time you complain about gas prices - by doing NOTHING, you forfeit your right to complain.

Federal Government Orders 16 Mortgage Lenders to Reimburse Homeowners

Federal Government Orders 16 Mortgage Lenders to Reimburse Homeowners

Published April 13, 2011

| Associated Press

The federal government on Wednesday ordered 16 of the nation's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.

Government regulators also directed the financial firms to hire auditors to determine how many homeowners could have avoided foreclosure in 2009 and 2010.

Citibank, Bank of America, JPMorgan Chase and Wells Fargo, the nation's four largest banks, were among the financial firms cited in the joint report by the Federal Reserve, Office of Thrift Supervision and Office of the Comptroller of the Currency,

The Fed said it believed financial penalties were "appropriate" and that it planned to levy fines in the future. All three regulators said they would review the foreclosure audits.

In the four years since the housing bust, about 5 million homes have been foreclosed upon. About 2.4 million primary mortgages were in foreclosure at the end of last year. Another 2 million were 90 days or more past due, putting them at serious risk of foreclosure.

Critics, including Democratic lawmakers in Congress, say the order is too lenient on the lenders. House Democrats introduced legislation Wednesday that would require lenders to perform a series of steps, including an appeals process, before starting foreclosures.

"I want to know what abuses (the government agencies) identified, which banks committed them and how their proposed consent agreement is going to fix these problems," said Rep. Elijah Cummings, D-Md., the ranking member of the House Government and Oversight Committee. "Based on what I have read ... I am not encouraged at all."

The other lenders and service providers cited by the agencies include: Ally Financial Inc., Aurora Bank, EverBank, HSBC, MetLife Bank, OneWest Bank, PNC, Sovereign Bank, SunTrust Banks, U.S. Bank, Lender Processing Services and MERSCORP.

Citigroup said in a statement that it had "self-identified" needed changes in 2009 and that it has helped more than 1.1 million homeowners avoid foreclosure.

"We are committed to working with our regulators to further strengthen our programs in these areas and meeting these new requirements," the company said.

Ally Financial, formerly known as GMAC, said it had not found "any instance where a homeowner was foreclosed upon without being in significant default."

Without specifically identifying instances of bad foreclosures, the government agencies noted in its report that the "deficiencies in foreclosure processing observed among these major servicers may have widespread consequences for the housing market and borrowers."

John Taylor, chief executive of the National Community Reinvestment Coalition, a consumer housing watchdog, said the government's action is a year too late. It does little to help those who are just now wrestling with a foreclosure and those who have already been displaced, he said. Rather than moving swiftly to seize people's homes, the banks should have done a better job helping people lower their mortgage payments through modification programs, he said.

"This should have happened a long time ago," he said. "There are so many people who, if they had received a meaningful modification, could have stayed in their homes."