It's About Liberty: A Conservative Forum

Topics => Judiciary, Crime, & Courts => Topic started by: BMG on July 06, 2012, 01:36:54 PM

Title: Kelo to be applied to home mortgages?
Post by: BMG on July 06, 2012, 01:36:54 PM

LINK (http://hotair.com/archives/2012/07/06/great-news-cities-to-apply-kelo-to-mortgages/)

Quote

If one wanted to craft a strategy to make the home-mortgage market even less stable, increase already-unsustainable public debt, and erode private property rights even further than we have already seen, it would be hard to top a new idea from California, of all places.  Two cities have fashioned a plan to use eminent domain not to seize real estate, but to seize the mortgages on them.  Call this … Kelo meets Hugo Chavez:

Oh great...

...so what to expect with this? Well, how about a total collapse of the housing market as a direct result? Good grief these people are absolutely evil SOBs.

Title: Re: Kelo to be applied to home mortgages?
Post by: Pandora on July 06, 2012, 01:39:55 PM

Events are continuing to escalate.  Expect worse.

Title: Re: Kelo to be applied to home mortgages?
Post by: Weisshaupt on July 06, 2012, 02:05:13 PM

Quote from: Pandora on July 06, 2012, 01:39:55 PM

Events are continuing to escalate.  Expect worse.

Things are never good when the best case scenario involves a civil war..