Obama donors with Soros ties plot to use eminent domain to make money

Posted by on Jul 17, 2012 at 8:23 am

Local officials in San Bernardino County, Calif., met last week to consider a controversial proposal to use eminent domain powers to seize and refinance underwater mortgages.

The plan, which is being championed by wealthy investors with deep ties to the Democratic Party, has drawn criticism from opponents who see it as an egregious violation of property rights and an exercise in political cronyism.

“This is a group of folks who want to come in and use the government to help acquire properties for them and provide an impressive return on their investment,” said Steven Greenhut, a senior fellow at the Pacific Research Institute, a free-market think tank.

The meeting in San Bernadino took place amid revelations that the investors and county officials were involved in secret negotiations for nearly five months before the proposal became public.

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