Banks push harder to sideline Richmond eminent domain plan

Galleries Member Galleries Denverwetbiker scott_turn.jpg: august 26, 2007: Image 6 of 10: By. A second person familiar with the matter said the special committee would be willing to push the record date to August 10 for the vote to be held on September 10.. have already voicedfierce opposition to using the threat of eminent domain to.

 · The city of Richmond, Calif., is one step closer to moving forward with a plan to seize underwater mortgages by invoking eminent domain.. Earlier.

Check this out: according to a story in yesterday’s San Francisco Chronicle ("Pricey homes in Richmond’s eminent domain plan"), someone has figured out exactly which properties in Richmond, California are going to get "helped" by Mortgage Resolution Partners and the city in their plan to take underwater mortgages by eminent domain.

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The securities industry said that if Richmond follows through with its plan. push them out of their home. "I’m hoping that something is going to give one way or the other – either the banks work.

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The purpose of central banks was to serve as a “lender of last resort” to commercial banks faced with a run on the bank by depositors demanding cash withdrawals of their deposits. Banks would call in loans in an effort to raise cash to pay off depositors.

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Just compensation The looming battle over the buildings and land sought for Scott Wolstein’s Flats East Bank redevelopment project is raising questions about whether the use of eminent domain should be. The West End.