Tag "eminent domain"

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Lt. Gov. Newsom threatens mortgage eminent domain threateners 28

Sept. 10, 2012 By Wayne Lusvardi You read the headline right.  California Lt. Governor Gavin Newsom is threatening those who “threaten” to “boycott” any entity of government in California that wants to use eminent domain to seize “underwater” mortgages.  Huh?

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Redevelopment: It’s aliiiiiiiive! 12

Aug. 29, 2012 By Katy Grimes SACRAMENTO — The California Redevelopment Agency was given the ax in February by Gov. Jerry Brown. Since then, lawmakers have been working as diligently as Dr. Frankenstein to breathe new life back into the

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Newsom attacks property rights

July 30, 2012 By John Seiler Lt. Gov. Gavin Newsom, trying to conjure up something useful from his worthless job, has positioned himself supposedly as a “pro-business” Democrat. He even went to Texas to say how the Golden State could

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Eminent domain mass delusion hits San Berdoo 27

July 16, 2012 by Wayne Lusvardi A few hundred years ago there was the famous Dutch Tulip Mania of 1637. It was followed by the South Sea Bubble of 1711 and the Mississippi Company Bubble of 1719. In modern times,

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Should San Berdoo cherry pick underwater mortgages? 18

July 13, 2012 By Wayne Lusvardi What a ripoff. San Bernardino County wants to use eminent domain to let a private mortgage lender cherry pick “underwater” mortgages without paying damages to the lenders. Doing so supposedly would stimulate the resale

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San Bernardino County eminent domain mortgage ripoff 3

June 29, 2012 By John Seiler Our colleague Steven Greenhut has a column up on Bloomberg on as scam in San Bernardino County: “Officials in San Bernardino County, California, believe they have figured out a clever way to solve the county’s, and possibly

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County, city mortgage grabs could spark new housing crisis 10

June 21, 2012 By Wayne Lusvardi In San Bernardino, the county has approved using eminent domain to seize bank-owned pools of “underwater mortgages” to get the county out of its over-indebted housing stagnation. The city of San Bernardino has the second highest poverty rate in

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Court Knocks Out Eminent Domain 1

APRIL 28, 2011 By WAYNE LUSVARDI Chalk up one knockout punch for the little guys who oppose eminent-domain abuse. National City in San Diego County blew a $2 million hole in its General Fund budget due to a $7 million

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National City Eminent Domain On Ropes? 2

MARCH 21, 2011 By WAYNE LUSVARDI Just as State Assembly Republicans were pulling their punches to keep eminent domain alive for redevelopment in California, a timely eminent domain case involving the taking of a youth boxing center has emerged in National

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