Investors move against mortgage securities bill

Discussion in 'General Real Estate and Real Estate Finance' started by moh malekpour, Apr 24, 2009.

Thread Status:
Not open for further replies.
  1. moh malekpour

    moh malekpour Elite Member

    0
    May 25, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    http://www.ft.com/cms/s/0/14a75952-304c-11de-88e3-00144feabdc0.html?nclick_check=1
     
  2. Pamela Crowley (Florida)

    Pamela Crowley (Florida) Elite Member

    3
    Jan 13, 2002
    Professional Status:
    Retired Appraiser
    State:
    Florida
    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.
     
  3. timd354

    timd354 Senior Member

    17
    Jan 11, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Maryland
    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".
     
  4. Karl

    Karl Elite Member

    0
    Jan 15, 2002
    Professional Status:
    Licensed Appraiser
    State:
    Arizona
    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.
     
  5. David Wimpelberg

    David Wimpelberg Moderator Staff Member Moderator

    18
    Mar 30, 2005
    Professional Status:
    Certified General Appraiser
    State:
    New York
    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.
     
  6. EXSTATECERT

    EXSTATECERT Sophomore Member

    0
    Dec 4, 2008
    Professional Status:
    Retired Appraiser
    State:
    Florida
    Are you a true enough AMERICAN to pick up a weapon and go against the Gov.

    Careful how you answer.
     
Thread Status:
Not open for further replies.

Share This Page