Thank you cards are to be sent to the supreme court for eminent domain law.
Several financial institutions have already filed suit against Richmond, CA. Several constitutional scholars say that they will win - this is an abuse of the eminent domain clause.
Sounds like he would be the most qualified man to regulate the mortgage industry - the man responsible for screwing it up in the first place! It's the equivalent of putting Captain Hazelwood (Exxon Valdez) in charge of the EPA.
Not sure what this has to do with the ACLU, but I see an ugly scenario - Watt forces the banks to loan to an unqualified minority, who immediately quits paying the payments. The mortgage is seized, the payment altered to ridiculously low amount, and bingo! Low cost housing for Holder's people.
I said it from the begining, The states will buy these forclosed mortagages with tax payer funds and give them to low income section 8 squatters for free. Its there right!