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> It will have a domino effect. That is conjecture. Land grabs happen all over the world in a varied number of scenarios without destabilizing economies. Secur
by reallydude 7y ago
> It will have a domino effect.
That is conjecture. Land grabs happen all over the world in a varied number of scenarios without destabilizing economies. Securities each have their own markets, but let's focus on the mortgage bonds.
How the US govt deals with the owenership of real estate is not directly tied to mortgage bonds on those properties, as long as the interest continues to be paid out or off. Eminent domain is a power and I'm not sure how it's use affects these bonds directly without provisions about dissolving them. In such a bold move, it's presumptuous to assume the federal govt wouldn't know the consequences beforehand (eg bank bailouts).
- gingabriska 7y ago>Land grabs happen all over the world in a varied number of scenarios without destabilizing economies US is different, here private property rights are part of the constitution and can't be taken away for social good like in some European countries. Constitution is like a set of beliefs, if beliefs are changed, suddenly country loses its identity as beliefs are inherent part of it and then people will have hard time trusting new country.
- ceejayoz 7y ago> US is different, here private property rights are part of the constitution and can't be taken away for social good like in some European countries. That's... not at all true. https://en.wikipedia.org/wiki/Eminent_domain_in_the_United_States https://en.wikipedia.org/wiki/Eminent_domain_in_the_United_S... Hell, it doesn't even need to be for social good. https://en.wikipedia.org/wiki/Kelo_v._City_of_New_London https://en.wikipedia.org/wiki/Kelo_v._City_of_New_London