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evie10 Wrote: Jul 17, 2012 11:50 AM
Very few are going to look back on these times and call them "the good old days" - that is unless this administration gets to continue the downward spiral.
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Stanpauley Wrote: Jul 17, 2012 8:08 AM
Yes, I remember the good old days. Now, there does not seem to be much that is good, at least in the political arena. I don't want to go back to the good old days. I just want today and the future to be better and brighter for all of us.
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Municipalities in California are considering a scheme whereby they seize home mortgages that are underwater through the process known as eminent domain, pay off investors at reduced rates, and allow new investors to refinance the underlying homes at current value.
“The eminent-domain gambit is being advocated by Steven Gluckstern,” reports the Wall Street Journal, “the chairman of Mortgage Resolution Partners, a San Francisco-based venture capital firm that has been the guiding force behind three California municipalities that are considering the approach.”
And like all schemes weird and wacky in this Occupy Anything country we have become, it’s the brainchild...
Should-Have-Known File: Big-Time Obama Fundraiser in Mortgage Seizure Scheme