California county began eminent domain talks in secret | Reuters

San Bernardino County, California considering the use of eminent domain to acquire underwater mortgages, as proposed by Mortgage Resolution Partners, LLC:

A growing list of economists is endorsing the plan, including Yale University economist Robert Shiller, who say household debt reduction is necessary to reignite the economy.

California county began eminent domain talks in secret
| Reuters
Wall Street naturally opposes the plan, claiming they have a government issued monopoly allowing them to make money off other folks' mortgages.