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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (35022)6/29/2005 4:48:33 PM
From: benwood  Read Replies (1) of 110194
 
"in light of the recent suspension of property rights ..."

I was pleased to see the Seattle Times comment on this. They said, "Our 1889 constitution says, with a short list of exceptions: 'Private property shall not be taken for private use.' " The went on to say that what happened in Connecticut can not happen here.

Now that the Supreme Court has let the cat out of the bag, the onus in other states without similar state protection will be on the property owner to prove (all the way to the Supreme Court) that the "value" of the downstream public good does meet the sniff test. That totally sucks. How can you even keep Wal-Mart from usurping your farm now?
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