It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The idea was broached by a group of West Coast financiers who suggest using the power of eminent domain, which lets the government seize private property for public use. In this case, they would condemn troubled mortgages so they could seize them from the investors who own them.
In this case, they would condemn troubled mortgages so they could seize them from the investors who own them.
Well said.Furthermore, the most important aspect in self sovereignty is the ability to own property. Without full ownership of property the individual will always be obligated to someone or something, whether it's monetarily, or legally (simply put). I don't like it sir, don't like it at all.
Originally posted by jude11
There will be no way to decide who is an investor and who is a home owner so is this a property grab?
This was the most alarming statement I read in the article. This is like believing child molesters would make good grade school teachers.
"This is not a bunch of Wall Street guys sitting around saying, 'How do we make money?'" he said. "This was a bunch of Wall Street guys sitting around saying, 'How do you solve this problem?'"