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To: Eyes Unclouded
South Africa's state-owned Land Bank said on Monday a plan to allow the state to seize land without compensation could trigger defaults that could cost the government 41 billion rand ($2.8 billion) if the bank's rights as a creditor are not protected.

I have some bad news for the bank - if a thief steals your car he isn't going to take over the payments.

4 posted on 08/21/2018 11:07:39 AM PDT by Billthedrill
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To: Billthedrill

I have some bad news for the bank - if a thief steals your car he isn’t going to take over the payments.


Nor should you be liable when the thief is the government.


7 posted on 08/21/2018 11:09:08 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: Billthedrill

Time to divide the country along racial lines.

Give the Boers the Western and Northern Cape. Allow a 6 month period of movement. Prepare for bloodshed and chaos.


20 posted on 08/21/2018 11:29:51 AM PDT by PGR88
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To: Billthedrill
I have some bad news for the bank - if a thief steals your car he isn't going to take over the payments.

The government thief thinks they can steal the property and be absolved of the debt owed to the bank secured by the property. Tough beans. The bank may be legally in a position to repossess the collateral property that secured the loan. The bank and the thieving government can fight it out. The land owner/mortgage holder is being dispossessed of equity in the property. That is criminal...not to mention being killed or starved in addition to the property loss.

23 posted on 08/21/2018 11:35:01 AM PDT by Myrddin
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