Letters: Fighting foreclosure blight

Re “A bold plan to fight foreclosures,” Business, July 6

So the American Bankers Assn. (among others) says San Bernardino County’s innovative plan to save thousands of homeowners from foreclosure by using eminent domain will “undermine the sanctity of the contractual relationship between a borrower and creditor.”

Let’s see: Bankers issue risky mortgages to naive borrowers; bankers irresponsibly and arrogantly tank the American financial system, taking the economy down with it; bankers then foreclose on unemployed borrowers.

Just what sort of spiritual entity “sanctified” this arrangement?

Ken Feldman

Chino Hills

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