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Old 07-07-2012, 06:29 PM   #1
kiosokkn

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Nov 2005
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442
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Default Investors With Ties To Buffett, Soros, Obama Plan Mortgage Eminent Domain Grab
Investors With Ties To Buffett, Soros, Obama Plan Mortgage Eminent Domain Grab

A group of businessmen with ties to Warren Buffett, George Soros, President Obama, and socialist senator Bernie Sanders are pushing a plan to use the government's power of eminent domain to seize billions of dollars worth of underwater mortgages from banks and bondholders.


Word of the plan surfaced earlier this month in a Reuters dispatch that reported the eminent domain strategy but not the political ties of the businessmen involved in the plan nor their links to two of America's most prominent and outspoken billionaires. The Reuters article said a firm called Mortgage Resolution Partners, chaired by Steven Gluckstern, a former owner of the New York Islanders hockey team, was working with politicians in Nevada, Florida, and California's San Bernadino County to advance the plan...
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Old 07-07-2012, 06:41 PM   #2
Lictimind

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Please explain.

So they created a mortgage fraud bubble first. they hoped it will be possible to deflate and take properties from people. but no dice, didn't quite work. So now they are "looking for good bankers" to take properties from "bad banks and bond holders" , clean the fraud and give it to "good banks"?
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