Editorial: Eminent domain as a housing-market tool is a mistake

06/12/2013 | Wall Street Journal, The

The Federal Reserve Bank of New York's decision to publish research on its website advocating the use of eminent domain to help borrowers with underwater mortgages is a mistake, according to The Wall Street Journal's editorial board. The Fed has already spent too much time and money focusing on the housing sector as opposed to the economy at large, the board writes.

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Wall Street Journal, The

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