Research Fellow Vern McKinley interviewed on MSNBC’s “The Dylan Ratigan Show” on the failure of Federal Regulators and the dysfunctional Mortgage/Banking system from the perspective of his new book, Financing Failure: A Century of Bailouts.
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In June 2005, the U.S. Supreme Court ruled in Kelo v. New London that local governments may force property owners to sell out and to make way for private economic development, even if the property is not blighted. In response, many states have passed legislation and proposed amendments to their state constitutions to block this unprecedented government assault on the rights of property owners.
