Calif official urges AG Holder to stop eminent domain 'threats'
| Reuters
California Lieutenant Governor
Gavin Newsom says he wants the U.S Department of Justice to
investigate "threats" against local communities considering
using eminent domain to seize and restructure poorly performing
mortgages to benefit cash-strapped homeowners.
Newsom sent a letter on Monday to U.S. Attorney General Eric
Holder asking federal prosecutors to investigate any attempts by
Wall Street investors and government agencies to "boycott"
California communities that are considering such moves.
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