Discussion in 'General Real Estate and Real Estate Finance' started by moh malekpour, Apr 24, 2009.
That looks like a very worthwhile suit for them and the only way to stop it would be to throw out the US Constitution... which might be in process right now.
These investors are absolutely correct. Everyone should be very concerned when the government starts abrogating legal contracts or takes away the ability to enforce private contracts. Once we get on the slippery slope of taking away private property rights, the end result will be the complete destruction of our economy and the American way of life as we know it, to be replaced by either massive civil disorder or a loss of freedom as the government seizes more and more power and turns this country into a socialist "paradise".
Couldn't agree more & I'll take the bet that we'll just let the Government take control cause I firmly believe we do not have enough true AMERICANS that have the BA Backbone to fight.
The government's problem is that if this passes, the government will be the only supplier of low-interest, low-end mortgages. Investors will demand higher interest rates, otherwise they will find other ways to invest their money. They can't print money (or borrow from themselves or whatever they want to call it) forever, and it will ensure a rather painful adjust in the end.
Are you a true enough AMERICAN to pick up a weapon and go against the Gov.
Careful how you answer.