Just for fun, if you wanted to rely on America as a place where the gvt can't take things from you, you'll come up short if you look for a lot of support for that thesis in history. FDR forcibly confiscated the citizens' physical gold with an executive order, paid them approx market value for it, melted it down, put it in the brand new Fort Knox, then revalued the dollar so that the $ people were paid by the gvt for their gold was suddenly worth much less than when they turned in their gold. The Kelo decision by the Supreme Court allows for gvt to take your property as long as it then gives your property to a developer who has promised to bring in more tax $ to the gvt than you did with your property. The obama admin sent federal thugs to wall st in 2009 to take over GM, unilaterally and arbitrarily putting bondholders at the back of the line for reimbursement, behind the unions. That was contrary to hundreds of years of corporate law / precedent. Bond holders are usually first in line. And of course, there's fnma. Henry Paulson himself clearly explains that the gvt took over fnma somewhat brutally and we see these lawsuits rightfully claim that action was unconstitutional. So how did the gvt follow up its unconstitutional act of 2008? It made things worse with a 2012 amendment that puts fnma and its shareholders in an even worse position. So, you are right in that what the gvthas done is fundamentally illegal. But look into the past and you will see that that doesn't necessarily mean they won't get away with it. I am counting on them not getting away with it. But i know that's not a certainty. The gvt is not on the people's side. They do what their paymasters tell them to do.
