market prices = pennies on the dollars. Why should America's municipalities have to pretend otherwise?
Reader comment on: Chicago Explores Eminent Domain Mortgage Seizure
Submitted by Tom Brown (United States), Jul 27, 2012 19:05
Who says they will pay "below-market prices?" The government can pay exactly what the mortgages are worth... pennies on the dollar! By "below-market prices" the author is trying to insinuate that the load of bull on the mortgage holder's balance sheet (the face value of the mortgages) represents the actual true market value. Just because the federal government is wholly owned by the finance industry, and thus lets the mortgage holders get away with this fraud doesn't mean that all of America's municipalities have to put up with it!
Note: Comments are moderated by the editor and are subject to editing.
Submit a comment on this article
Other reader comments on this item
Comment on this item