Eminent domain as a means of expediting housing mess?

An interesting idea that this author does not like.  His counter arguments are not invalid but are tantamount to letting the free market do its thing.  The problem is…we are not a free market.  All talk of moral hazard is, at this point, largely irrelevant.  We crossed that rubicon $2 trillion dollars ago when the first dollar was given to the banks. 

Should the “free market” be allowed to work?  Sure, if we stop all handouts to the banks.  If corporations are people, then to bankruptcy with them, too.


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