Company Colludes with Calif. City Government, Rips Off Taxpayers

housing cc

Providing some relief to underwater homeowners seems like a reasonable thing to do. But using eminent domain to seize mortgages (which likely is unconstitutional – but hey who knows anymore) and then refinancing them through a politically connected company with long tentacles in California and national government isn’t right.

Lest we forget, it was government connected companies in union with the Federal Reserve which created the housing crisis in the first place.

Click here for the article.