the part of letter that can be interpreted as a 'threat'Reader comment on: Nocera On The Eminent Domain Mortgage Grab Submitted by Robert Leonard (United States), Jul 11, 2012 15:06 We expect that credit availability for home purchases and refinancing of all San Bernardino loans would be significantly compromised if this plan would be put into effect. This impact would be borne by those very homeowners and communities that the proponents of this plan claim they are trying to help. If eminent domain were used to seize loans, investors in these loans through mortgage-backed securities or their investment portfolio would suffer immediate losses and likely be reluctant to provide future funding to borrowers in these areas. I'm not sayin this IS a threat, merely that it is easy to interpret it as such Note: Comments are moderated by the editor and are subject to editing. Other reader comments on this item
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