Friday, January 16, 2009

Using Eminent Domain To Acquire Mortgages Would Be Reckless And Dangerous

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

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