Tuesday, July 24, 2012

Kelo strikes again?

Article in rolling stone about a plan to use eminent domain to seize foreclosed houses and write down mortgages en masse. San Bernadino County is at the forefront of this plan and its pissing off a lot of bankers. I think this plan is brilliant and has the potential to reshape the housing market for the better... that said I should probably drop my position in BAC.


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