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Old 10-25-2011, 06:43 PM   #1
Ought Six
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Arrow Rep. Jim Moran: Obama should unilaterally ‘refinance every home mortgage’

http://dailycaller.com/2011/10/21/co...#ixzz1bbz417o9
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Old 10-25-2011, 07:59 PM   #2
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Fortunately that would be unconstitutional in like 1000 different ways.
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Old 10-25-2011, 08:27 PM   #3
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Quote:
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Fortunately that would be unconstitutional in like 1000 different ways.
Ahhh, but there's an election to be won.
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Old 10-25-2011, 08:41 PM   #4
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Quote:
Originally Posted by Sysiphus View Post
Fortunately that would be unconstitutional in like 1000 different ways.
The constitution specifically prohibits the fed.gov from interfering in contracts. However, they have done so on numerous occasions in the past. Perhaps the most heinous are the "gold clause" cases in the FDR administration when the SCOTUS deemed it constitutional to nullify said clauses in existing contracts.

see Norman v. Baltimore & Ohio Railroad Co., Nortz v. United States, and Perry v. United States.

So the fed.gov doesn't give a rat's a$$ whether or not anything is constitutional. They know that by intervening they will pick up votes, just as FDR concluded.
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Old 11-04-2011, 07:49 AM   #5
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These people are just plain frightening .

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Old 11-04-2011, 09:05 AM   #6
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No thanks, I'm good.

What this would turn out to be is more "share the pain" crap, as that currently if 50% (made up number) of the mortgages are screwed up, having the government re-do everyone's mortgage would guarantee 100% screw-uped-ness across the board.
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Old 11-04-2011, 09:55 AM   #7
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What this would turn out to be is more "share the pain" crap, as that currently if 50% (made up number) of the mortgages are screwed up, having the government re-do everyone's mortgage would guarantee 100% screw-uped-ness across the board.
More like punishing those who were financial responsible, paid 20% down, paid their mortgages on time and resisted a McMansion.

As for Representative Moran.

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