[GPSCC-chat] Foreclosure Idea

[Gerry Gras]

FYI,

an idea that might be helpful for the foreclosure problem,
(counties, municipalities using eminent domain):

"From an Unlikely Source, a Serious Challenge to Wall Street"
by Matt Taibbi
     http://www.commondreams.org/view/2012/07/21-1

And here's the NYTimes article it refers to:

"California County Weighs Drastic Plan to Aid Homeowners"
http://www.nytimes.com/2012/07/15/us/a-county-considers-rescue-of-underwater-homes.html?pagewanted=all

And here's the article from Congressman Brad Miller mentioned
in the Editor's Note:
"No Wonder Eminent Domain Mortgage Seizures Scare Wall Street"
http://www.americanbanker.com/bankthink/eminent-domain-mortgage-seizures-terrify-wall-street-1050811-1.html?zkPrintable=true

Gerry