2012-09-03capecodonline.com

``The sticking point will be when it comes to paying the "just compensation" required by the U.S. constitution. "My guess is the courts will uphold the constitutionality of this, but it will be messy," said Steven J. Eagle, an expert in government takings at the George Mason University School of Law in Arlington, Va. Mortgage Resolution Partners formed at the start of the year to peddle a plan it said would both bolster the housing market and turn a profit for its investors. Its first chairman was ex-state Treasurer Phil Angelides, who later resigned. Its half-dozen partners include financiers and Silicon Valley executives. The group counts former state Assembly Speaker Willie Brown among its investors.''


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