Wednesday, August 07, 2013

2nd Best

In a perfect world in which bankruptcy cramdown existed I'd agree that using eminent domain would be kinda dumb, but we don't have bankruptcy cramdown. Imperfect worlds require imperfect solutions.

The administration claimed they supported it, and they didn't. Along with the weird under reporting on nuclear disasters, the human toll of banksters stealing homes has been immense and barely reported. Irresponsible borrowers, dontcha know. Not too optimistic that the man who didn't give a shit about people getting chucked out of their homes actually feels in his bones the pain of the unemployed. Doesn't pass the laugh test.