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Financial Services Industry Threatens Retaliation at
Municipalities Who Use Eminent Domain to Fix the Housing Crisis

post from Firedoglake on 20 July 2012 12:41:39 PM. © Firedoglake

The financial industry is taking another run at a plan to help homeowners, this time the proposed program in San Bernardino County that would use eminent domain laws to acquire underwater mortgages and then refinance them for borrowers at market rates.[...]

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