BUT it’s ok to continue to insure loans originated by the cartels over at wall street? Eh?
It was only a matter of time when the banksta cheerleaders would jump on this.
HW-
The eminent domain controversy in Richmond, Calif., continues with several U.S. senators publicly asking housing regulators to push back at any proposal that would allow municipalities to offer principal write-downs to underwater borrowers by acquiring their mortgages through eminent domain.
So what prompted the strongly worded letter four Senators mailed to Department of Housing and Urban Development Secretary Shaun Donovan and Treasury Secretary Jack Lew?
The answer apparently is an eminent domain rescue plan that made it a little too far for the Senators’ liking.