Almost as good as the CA town mulling allowing the entire town to be swallowed up by imminent domain to save themselves from their underwater mortgages.
sw10mm: I almost didn’t recognize that you were trying to attack Richmond, CA in that sleaze ball. First this applies only to property the banks are trying to steal, let lie dormant to depress property values, and take over everything. Second, the legal owner must agree (something never heard of before in imminent domain). Third, then the new mortgage holder will restructure the loan so there is a real chance of it being paid off – which was the American way between the banking practices of the melodrama and that of the kleptarchy under which we now live – essentially the New Deal period. I bet you are quaking in your boots that Richmond’s Green government might bring back democracy and free enterprise to a country now under a corporate dictatorship.
me997: Not artificially inflate the value, but prevent the banks from artificially depressing the value in order to take over the town. As Jim Hightower says, “kleptarchy”..Ionizer: Correct. It comes from seeing an error and assuming the writers knew what they were saying. Sorry.
sw10mm over 10 years ago
Almost as good as the CA town mulling allowing the entire town to be swallowed up by imminent domain to save themselves from their underwater mortgages.
hippogriff over 10 years ago
sw10mm: I almost didn’t recognize that you were trying to attack Richmond, CA in that sleaze ball. First this applies only to property the banks are trying to steal, let lie dormant to depress property values, and take over everything. Second, the legal owner must agree (something never heard of before in imminent domain). Third, then the new mortgage holder will restructure the loan so there is a real chance of it being paid off – which was the American way between the banking practices of the melodrama and that of the kleptarchy under which we now live – essentially the New Deal period. I bet you are quaking in your boots that Richmond’s Green government might bring back democracy and free enterprise to a country now under a corporate dictatorship.
Robert C. Premium Member over 10 years ago
Thank you, David…(sigh)…some wouldn’t bother – or just don’t care to know..
Enoki over 10 years ago
They need more like a couple of acres of astroturf to cover up their mistakes.
hippogriff over 10 years ago
me997: Not artificially inflate the value, but prevent the banks from artificially depressing the value in order to take over the town. As Jim Hightower says, “kleptarchy”..Ionizer: Correct. It comes from seeing an error and assuming the writers knew what they were saying. Sorry.