California – First They Come For Your Guns… Then

10 Sep

They take your house…

Obama trampled the rights of Delphi employees and bondholders when he “saved” the auto industry UAW.

In California, Kimberly Guilfoyle’s   Ex Beta Husband Gavin Newsom ,now Lt. Governor has decided that he should confiscate bank collateral, in the form of “underwater” homes, from the the banks and mortgage companies – the great state of California would then become landlord, homeowners would be tenants of the state and the banks, their depositors, shareholders and customers would be shi*t out of luck

“The economic power that would be unleashed if consumers are untethered from the anchor of these underwater mortgages would result in a return of consumer confidence, economic grow and job creation.”

“The Washington, DC special interest groups needs to back off,” said Newsom. “We owe it to homeowners everywhere to see if the solutions being discussed in San Bernardino will work.”

Socialism is stealing other people’s money.

Zero Hedge

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