There are some ideas so convoluted that only an expert (or wannabe expert) could love them. For example: collateralized debt obligations, which seemed like a good idea until the mortgage meltdown swamped the U.S. economy.
In another bone-headed attempt at messing up the real estate market instead of letting it reset on its own, officials in San Bernardino County have figured out a way to seize property.
Individual rights must take a backseat to community interests. Sound familiar? That’s probably because it’s been the ideology that American presidents have been agreeing to since 1992.
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