Just when I think that the bailout plans couldnt get any wackier, along comes this gem proposed by the National Community Reinvestment Coalition to the House Financial Services yesterday- they propose using eminent domain to buy loans to modify them. Heres a summary from Diana Olick of CNBC:We all know that the biggest roadblock to [...]
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[Source: Mint Dollar
Friday, January 16, 2009
Using Eminent Domain To Acquire Mortgages Would Be Reckless And Dangerous
Posted by Looking 4 Guest Bloggers!
Labels: banks, blog, business News, Dow Jones, foreign, freedom, Globalization, gold, government, Immigration, IRS, liberty, meeting, Money, news, policy, tax, us law, website promotion
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