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Bankrupt California County Weighs Drastic Plan to Aid Banksters

07-15-2012 • New York Times

Desperate for a way out of a housing collapse that has crippled the region, officials in San Bernardino County, are exploring a drastic option — using eminent domain to buy up mortgages for homes that are underwater.

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Bankrupt California County Weighs Drastic Plan to Aid Banksters

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