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!

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Title By Date
⇒ market prices = pennies on the dollars. Why should America's municipalities have to pretend otherwise? [89 words]Tom BrownJul 27, 2012 19:05
↔ Un-Fair Market Value [109 words]Angela StonebrakerJul 28, 2012 17:18
↔ In the best interest of the public [123 words]Angela StonebrakerJul 29, 2012 11:58
"Below-Market Prices" ... what a load of bull! [275 words]Tom BrownJul 27, 2012 18:58
The finacial compaines are trying to do it again. [71 words]LyleJul 27, 2012 08:51
Simple Solution: Tax the associated financial companies [102 words]LyleJul 26, 2012 21:51

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