We've given away the treasury, our privacy, and our livelihoods. This law -- LAW! -- penalizes individuals and companies who played it smart, honest, and safe.
Consider, as an example, a mortgage lender that actually lent according to reasonable & prudent standards. The Fed now has the ability to reduce a borrower's mortgage. In sober times that's called undue seizure of private property.
It gives hucksters and creative accountants license to buy bad debt, declare bankruptcy, and be reimbursed by the Fed. By law. That's a loophole created in the 450-page travesty of legislation our politicians forced upon a nation under duress. Scare tactics? No, it's economic terrorism!
Why even try living honestly? Seriously, why?
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