Stacy Summary: In response to an expose by Teri Buhl, first discussed on Keiser Report, Huffington Post’s new online tv station provided a bizarre PR spinning platform that included John Cusack of all people to whitewash a dodgy eminent domain scheme in California:
What I find it interesting about this piece is the fact that both Cusack and Vlahoplus make it sound like their plan calls for eminent domain to be used on distressed or abandoned homes and not for non-distressed performing mortgages as Teri Buhl, Max Keiser, and Felix Salmon have pointed out.
Second, Cusack and Vlahoplus gloss over the legality of such a scheme. As Buhl, Keiser and Salmon have pointed out, this eminent domain scheme if enacted could very well be ruled unconstitutional by the federal courts.
Watch the Keiser Report coverage of the eminent domain for banksters story here (from 13.00):