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Eminent Domain

Returning to Eminent Domain for Underwater Mortgages: Speak Quietly and Swing a Big Stick

Ray Brescia | Posted 09.23.2014 | Business
Ray Brescia

Perhaps the mere threat that local and state governments might get serious about using eminent domain to seize underwater mortgages might be enough to get banks to do something they have been loathe to do from the beginning: write down principal and right-size mortgages to align them with current property values.

The Looming Foreclosure Crisis: As the Fed Runs Out of Bullets, Local Governments Step In

Ellen Brown | Posted 09.07.2014 | Business
Ellen Brown

Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing.

Kate Sheppard

From Bundy To The Keystone XL: Where's The Property Rights Outrage Here?

HuffingtonPost.com | Kate Sheppard | Posted 04.30.2014 | Politics

WASHINGTON -– Nevada rancher Cliven Bundy has become something of a folk hero among the anti-government, pro-property rights crowd, thanks to his re...

XL Pipeline: Sen. Whitehouse and Rep. Waxman Question Koch Bros

Marcia G. Yerman | Posted 06.06.2014 | Green
Marcia G. Yerman

As a writer on environmental issues, as well as a person concerned about the future of the planet, I am anxiously awaiting the decision on the XL pipe...

A Philadelphia Artist Fights An Epic Eminent Domain Battle

Gene Marks | Posted 04.02.2014 | Arts
Gene Marks

Would someone please help James Dupree already? For weeks I've been following this story. Hopefully you know it by now. In case you don't, he's the a...

Cities Tackle Inequality

David Morris | Posted 03.31.2014 | Politics
David Morris

A growing number of cities are moving into the power vacuum left by a dysfunctional Washington and too-cautious state governments to tackle inequality.

Heart Attacks, Depression and Suicide: The Toxic Fallout From the Foreclosure Epidemic and a Prevention Strategy That Just Might Work

Jeff Ritterman, MD | Posted 03.12.2014 | Healthy Living
Jeff Ritterman, MD

I worked for 30 years as a cardiologist in Richmond, and I have always seen the city's problems through the health lens. What can a focus on health teach us about Richmond's foreclosure crisis? What is the impact on the health of families and neighborhoods?

Demolition Without Due Process

Roberta Brandes Gratz | Posted 03.08.2014 | Politics
Roberta Brandes Gratz

Multiple issues and the transferring of properties between the city, state, LSU and the VA all combine to make this a complex case. However, the lawyers argue, the procedures followed and the reasons for them are in total contradiction of the law.

Our Most Powerful Weapon Against Wall Street? The Reverse Eminent Domain Movement

Les Leopold | Posted 02.22.2014 | Business
Les Leopold

All of us have spent a great deal of time complaining about Wall Street and how hard it is to take them on given all their money and political power. But here we have several cities with more in the wings actually doing something about it. Wouldn't it be something if progressives all over the country spread this campaign to their own town councils?

Profiles in Cowardice: Conservatives, Eminent Domain and Civil Rights in the Mount Holly Case

Doug Kendall | Posted 01.23.2014 | Politics
Doug Kendall

It would seem that something we could all agree on is that eminent domain should not be used as a tool for racial discrimination. That is precisely what is being alleged by the homeowners in the Mount Holly case.

Richmond, California Mayor Occupies Wall Street

Carl Gibson | Posted 01.23.2014 | San Francisco
Carl Gibson

Formerly known as a Chevron company town, Richmond is home to one of the largest oil refineries in the Bay Area. But Mayor Gayle McLaughlin, who identifies with the Green Party, has been in office since 2010 and is already giving big banks and oil companies all they can handle in the way of opposition.

Activist, Mother, ExxonMobil Shareholder: Jane Dale Owen

Marcia G. Yerman | Posted 11.27.2013 | Green
Marcia G. Yerman

Believing that she was suffering from the flu for a two-year period, Owen sought out doctors, toxicologists, and chemists. From them she learned about particulate matter and how it causes symptoms that mimic the signs of allergies such as hay fever.

The Attack on U.S. Property Rights Continues

Benjamin Powell | Posted 11.06.2013 | San Francisco
Benjamin Powell

Will it help the citizens of Richmond if the city is successful in forcibly seizing the mortgages and re-writing them?

Ben Hallman

Mayor Takes Bold Stance Against Foreclosures

HuffingtonPost.com | Ben Hallman | Posted 08.16.2013 | Business

As the mayor of Richmond, Calif., Gayle McLaughlin believes it's within the city's rights to seize hundreds of home mortgages at risk of foreclosure a...

Underwater Mortgages, Drowning Cities, and Rogue Financiers

Robert C. Hockett | Posted 10.06.2013 | Business
Robert C. Hockett

For six years and counting, multiple local foreclosure crises have brought relentlessly worsening blight, growing numbers of abandoned neighborhoods, and rapidly proliferating municipal bankruptcies to America's cities.

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.

Lynne Peeples

Huge Energy Company Seeks Restraining Order To Stop Protesters

HuffingtonPost.com | Lynne Peeples | Posted 05.07.2013 | Green

Doug Parr wasn't shy with his description of TransCanada's tactics, including those the pipeline company employed on Monday in an attempt to bar peopl...

Eleazar David Melendez

City Weighs Dramatic Foreclosure Crisis Solution

HuffingtonPost.com | Eleazar David Melendez | Posted 01.15.2013 | Business

In a move that’s pitting grassroots housing activists against Wall Street interests, the City Council of Brockton, Mass., decided this week to commi...

Join the Fight Against TransCanada Now

Tom Weis | Posted 02.09.2013 | Green
Tom Weis

TransCanada doesn't seem to understand that brutalizing and bullying great-grandmothers is not an American value.

Tight State Funds Hamper Development of New Orleans BioDistrict

Susan Buchanan | Posted 12.25.2012 | Green
Susan Buchanan

Mid City residents living within BioDistrict New Orleans worry that health and science entities might one day encroach on their neighborhoods, while Governor Bobby Jindal's health care cuts jeopardize the outlook for a BioDistrict lynch pin.

Not Your Grandma's Eminent Domain -- This Time, It Could Be Used to KEEP Grandma in Her House

Richard Alarcón | Posted 12.12.2012 | Los Angeles
Richard Alarcón

Historically, eminent domain has been used to force people out of their homes, but what if we could use eminent domain to keep families in their homes?

Peter S. Goodman

Why Underwater Cities Are Contemplating Condemning Mortgages

HuffingtonPost.com | Peter S. Goodman | Posted 10.01.2012 | Business

SACRAMENTO, Calif. -- Ask Vice Mayor Angelique Ashby what pushed her to this point -- the point at which she is openly considering using city authorit...

U.S. Economic Freedom Plunges

Benjamin Powell | Posted 11.19.2012 | Business
Benjamin Powell

The decrease in economic freedom experienced thus far doesn't mean that the U.S. is about to turn into a poor third world country. But it does imply low or stagnant growth that slows our improvement in living standards.

California Official: 'I Am Most Disturbed By Threats Leveled By The Mortgage Industry'

Reuters | Posted 11.10.2012 | Business

* Lt. Governor Gavin Newsom sends letter to Holder, Geithner, Bernanke * Eminent domain considered as step in restructuring mortgages...