Pro Bono Publico

Some counties in California hard hit by the Housing Bust are considering using eminent domain to seize underwater houses and force the banks to renegotiate the loans. It’s an interesting idea, kind of a reverse Kelo v. City of New London. I’m concerned about the possibility of abuse, though; how would you ensure the power isn’t used to, say, enrich local developers? Still, at least it shows SOMEONE is thinking about this. Oh, and the idea pisses off FOX “News,” so it can’t be all bad.

Advertisements

The URI to TrackBack this entry is: https://localcrank.wordpress.com/2012/07/15/pro-bono-publico/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: