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Robert Hockett

Wall Street Lobbyists Nervous As Cities Use Eminent Domain to Protect Homeowners

Peter Dreier | Posted 09.29.2013 | Politics
Peter Dreier

Now the same Wall Street players who crashed the economy in the first place are trying to stop local governments from solving the problem.

To Rescue Local Economies, Cities Seize Underwater Mortgages Through Eminent Domain

Peter Dreier | Posted 09.17.2013 | Politics
Peter Dreier

In almost every part of the country, entire neighborhoods -- and in some cases, whole cities -- are underwater. They are not victims of natural disasters like Hurricanes Katrina and Sandy. They are drowning in debt, victims of Wall Street's reckless and predatory lending practices.