Imminent – Eminent It’s a Tongue Twister

A monthly update by Michelle Blackwell, Chair, Richmond Chamber Government Relations Committee. The September meeting of the Government Relations Committee was lively and focused on two major issues that will impact the Richmond Business community if they come to fruition.  BART Board member Zakhary Mallett came to the meeting to...

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Eminent Domain & Housing – The Sword of Damocles Remains Overhead

Report by Jonathan Woloshin, CFA, analyst, UBS FS jonathan.woloshin@ubs.com. Read the original report here. The city council of Richmond California recently approved the use of Eminent Domain to seize/refinance underwater from private label mortgage backed securities. Implementation remains uncertain as numerous legal challenges have been brought by numerous parties. We...

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