Gov. Scott Walker To Use Foreclosure Settlement Money To Balance His Budget, Not Help Homeowners

[Justice wanted]

http://thinkprogress.org/economy/2012/02/10/422744/walker-settlement-budget/


Yesterday, 49 states joined the federal government in announcing a $26 billion settlement with five of the nation’s biggest banks over the banks’ foreclosure fraud abuses. The money from the settlement is meant to aid homeowners who lost their homes to foreclosure or who find themselves underwater, meaning they owe more on their mortgage than their home is currently worth.

_______________________________________________________________________________

Walker is going to put in the budget to deal with "Short Fall".

BTW that settlement is a FREAKIN joke! Government LET those bankers get away with murder.

I say They SHOULD have had to pay that MONEY + FORGIVE ALL FORECLOSURES. Meaning people get to keep the homes and the interest rate for those home should have been lowered to like 1%.

[tabatha]

1. That should win him even more votes.

Last edited Fri Feb 10, 2012, 07:03 PM - Edit history (1)

[MrCoffee]

2. To be clear, he's diverting the bribery portion of the big con from the AG to the budget

The state AG's all got big chunks of cash in exchange for signing off on the scam. Walker is just stealing from Van Hollen, not homeowners.

It's the American Way!

[LastLiberal in PalmSprings]

3. States did the same thing with the tobacco settlement

Zilch for anti-smoking efforts, everything for state politicians' pet projects.

[gateley]

4. Why don't we include rules that the money HAS to go to whatever it is they're getting it for?

After TARP, you'd think they'd get a fucking clue that they'll just take the money. Why no oversight?