From Matt Taibbi, a tale of the David of local government taking on the Goliath of the financial sector through the use of powers of eminent domain.
This particular idea is a response to a uniquely American problem -- vast numbers of underwater mortgages. But the idea surely has almost unlimited potential: local governments, responsive to the needs of the people rather than corporate power and drawing on capacities unique to them, taking on issues that higher levels of government cannot or will not because they are beholden to those powers.
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