KAKAMPI MO ANG BATAS: Questions for DBP re: Ongpin loans PDF Print E-mail
Monday, 10 October 2011 16:02

BY Atty. BATAS MAURICIO

LIFE’S INSPIRATIONS: “…`I, even I, am the Lord, and apart from me there is no savior. I have revealed and saved and proclaimed---I, and not some foreign god among you. You are my witnesses,’ declares the Lord, `that I am God’…” (Isaiah 43:11-212, the Holy Bible).
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BULACAN CLASS SUIT USELESS: The filing of a class suit against the National Power Corporation by residents of still-flooded Bulacan towns will not really solve their problems. Rains will continue to come, and so will flooding and strong winds, even if the courts will find Napocor guilty of some wrongdoing in releasing water to its surrounding villages.

Then again, if Angat Dam will not release water to ease up its water level during rains, a greater disaster of strongly cascading water, which is worse than simple flooding, can occur and could prove to be more fatal. What are we to do then, I may be asked.

Go back to God, open and read, and meditate on, the Bible day and night, and then follow all that is written there, that’s what. This is the only prescribed remedy against rains, floods and strong winds that the world has not really tried.

And, considering the billions already spent to combat or mitigate these natural calamities without any beneficial effects so far, going back to God may yet prove to be the only effective and least expensive remedy there is, as indicated in Deuteronomy 28:15, 22-24 and Matthew 7:24-27 of the Bible.
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MOVEMENT RE: RAINS, FLOODS: These---reading the Bible, meditating on it and following it---are what the movement that we launched yesterday hopes to do, to combat the death and destruction brought about by rains, floods and winds, and those interested to join can call us at 0922 833 43 96 or email us at batasmauricio@yahoo.com for details.
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QUESTIONS FOR DBP RE: ONGPIN LOANS: Can anyone please tell us, what, really, are the steps in approving bank loans? If the papers of the borrower are all in order, could the bank and its diverse offices be faulted for approving the loan all in one day? Is there a prohibition in any law saying offices of a bank could not all act in one day to approve and release a loan? Is there a law now against bank efficiency?

These, to me, are the important questions that the present board of directors of the Development Bank of the Philippines (DBP) must answer clearly, insofar as the P600 million or so loans the bank gave to businessman Roberto Ongpin during the time of President Arroyo, so we can all be apprised if, indeed, Ongpin’s loans were “behest loans”.

Then, the present DBP board must also clarify: is it true that Ongpin’s P600 million loans are already paid? And is it true that DBP even made billions of pesos in profit from Ongpin’s loans? If the answers to these questions are both yes, what is the DBP griping about, really?
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GOD’S BLESSINGS, PART III: More of God’s blessings, from Deuteronomy 28:1-14 of the Bible: “…The Lord will establish you as his holy people, as he promised you on oath, if you keep the commands of the Lord your God and walk in obedience to him. Then all the peoples on earth will see that you are called by the name of the Lord, and they will fear you…”