SIFMA Joint Letter Opposing Use of Eminent Domain

SIFMA, along with 25 other trade associations, issued this joint letter opposing current proposals to use eminent domain to take mortgages from residential mortgage-backed securities. SIFMA and the coalition of trade groups are actively working together to advocate against what they believe to be an abuse of the sovereign power of eminent domain, and assert that such actions will cause irreparable damage to the housing market.

Lofchie Comment: Leaving aside the substance of the letter and the very serious issues at stake for the economy, I note that the first page of the letter features a collage of logos of the various trade associations. I found it a little overwhelming visually.

View letter here(links externally to SIFMA website).