Tag Archives: housing market

Richmond Seizure Program: Dangerous Idea From a Dangerous City

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Richmond (CA) has a dangerous idea: unconstitutionally seizing private investments. (Credit: popphoto.com)

Rich­mond (CA) has a dan­ger­ous idea: uncon­sti­tu­tion­al­ly seiz­ing pri­vate invest­ments. (Cred­it: popphoto.com)

Rich­mond (CA) once was ranked among the nation’s most dan­ger­ous cities.  If city fathers have their way, it will become the most dan­ger­ous city for res­i­den­tial mort­gage investors. Con­tin­ue read­ing →

The Next Bailout: Seizing Investments for “Public Use?”

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The government seized Susette Kelo's house for "economic development." Will the next bailout involve government seizure of private property? [Credit: money.cnn.com]

The gov­ern­ment seized the land on which Susette Kelo’s house once stood.  Will the next bailout involve gov­ern­ment seizure of pri­vate invest­ments for “pub­lic use?” [Cred­it: money.cnn.com]

Thought you’d heard the last of gov­ern­ment bailouts? Think again. The Fed­er­al Reserve Bank of New York, which played a cen­tral role in the leg­endary bailouts of 2008 and beyond, has pub­lished a piece call­ing on fed­er­al, state and local gov­ern­ments to join forces in what could be the most far-reach­ing bailout of all time. And here’s the kick­er: it is all ben­e­fit and no cost. No, real­ly. Con­tin­ue read­ing →