Tag Archives: eminent domain

How eminent domain defeats bankster mortgage fraud

ayla prehistoric slingshotBy Ellen Brown
Web of Debt

The Stone that Brings Down Goliath?
Richmond and Eminent Domain

In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks have now been caught in over a dozen major frauds, including LIBOR-rigging and bid-rigging; yet no prominent banker has gone to jail. Meanwhile, nearly a quarter of all mortgages nationally remain underwater (meaning the balance owed exceeds the current value of the home), sapping homeowners’ budgets, the housing market and the economy. Since the banks, the courts and the federal government have failed to give adequate relief to homeowners, some cities are taking matters into their own hands.

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Property Rights under Attack in NJ Re-zoning Land Grab

By Michael Edwards
Activist Post

Eminent Domain has been used throughout the nation to employ a technique whereby the State can request the sacrifice of personal property in the name of “the greater good.”  Generally there has been some semblance of attempting to hide the collectivist nature of Eminent Domain by properly compensating landowners for their loss.  However, a small town in New Jersey sets the stage for a new form of Eminent Domain where private land can be seized — in perpetuity — with zero compensation.  Under the guise of environmentalism, the town of Kingwood is a prime example of a Communist-style land grab which is at the heart of a global move toward the restriction of personal property rights. [Image]

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