Seemingly, they are really stretching the constitutional idea of eminent domain by extending it into the financial arena. It could be a good thing though, they could grab abandoned houses from the banks and put them on the market and make some long coin. I really do believe that we should have publicly owned banks and the interest earned should fund government. North Dakota has that and they never went into recession even.
I think it was oil and fracking that keep N.D. going strong - not public banks. Besides, we have public banks. They are called Credit Unions.