tag:blogger.com,1999:blog-2216751897705338056.post3918426148457024613..comments2023-10-17T03:41:01.759-04:00Comments on reflexiones finales: Underwater reclamation projectsrussell1200http://www.blogger.com/profile/16258915475311426433noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2216751897705338056.post-79825033124526900092013-08-20T17:51:06.633-04:002013-08-20T17:51:06.633-04:00James: I assume it is reported in California firs...James: I assume it is reported in California first because that is a big media center.<br /><br />Pioneer: It is not illegal if the Supreme Court says it isn't and they have already leaned pretty far into this territory with the Kelo case.<br /><br />I know that Fox news and Co. promotes the idea that the banks were forced to make the loans, but I was there reading the SEC filings when the banks were grabbing up every bit of subprime paper (~2005-2006) they could get, and even making synthetic (imitated the real thing but with no actual mortgages in place) subprime paper using derivatives to create more bonds. <br /><br />And Fanny and Freddie can't be blamed for that particular fiasco because the very meaning of subprime (by legal definition) is a loan that is sufficiently deficient that they could not purchase it.<br /><br />It is one of the biggest lies that big finance has been able to pull off on the general populace.russell1200https://www.blogger.com/profile/16258915475311426433noreply@blogger.comtag:blogger.com,1999:blog-2216751897705338056.post-56080856451705551652013-08-16T19:18:14.896-04:002013-08-16T19:18:14.896-04:00I wouldn't say it is the silliness of the peop...I wouldn't say it is the silliness of the people taking out the loans but more the silliness of the government forcing the banks and such to give them loans.<br /><br />As for imminent domain what they are doing is illegal no matter who we would rather see pay. It was never suppose to be used as such a tool. Ever.<br /><br />As a side note I checked your blog twice today and never saw this post until this evening. Oddness<br />PioneerPreppyhttps://www.blogger.com/profile/09269878017447335944noreply@blogger.comtag:blogger.com,1999:blog-2216751897705338056.post-90486672973066471912013-08-16T10:13:05.350-04:002013-08-16T10:13:05.350-04:00There is the whole issue of Being Stupid Enough To...There is the whole issue of Being Stupid Enough To Live In California. But I guess if they keep their stupidity in-state I can't complain.James M Dakinhttps://www.blogger.com/profile/01382139289994087931noreply@blogger.com