Funny how it works, isnt it? (*NO!*) Even when the victims Win, albeit Marginally, — State Government steps in and commandeers the spoils for its own ends… Governors siphoning mortgage settlement money: Its Disgusting touch.latimes/#section/-1/article/p2p-79671198/ ...Enter the governors. Brown wasnt unique. Cash-hungry states siphoned off half of their share of the mortgage settlement to plug holes in their budgets. — We will never know how many families became homeless as a result.... (Text from Ralls LA newspaper piece here shared by him below the cartoon...) A new HuffPo article updates the situation: Add South Carolina, Georgia and Florida to the list... Mortgage Settlement: Half Of Money Siphoned Off By Cash-Hungry States huffingtonpost/2012/10/18/mortgage-settlement-money-states_n_1981218.html A report released Thursday by Enterprise Community Partners, a housing nonprofit, offers the clearest indication yet that the state attorneys general -- and by extension, struggling homeowners -- are losing the fight against those with sticky fingers. — States have diverted more than half of the money allocated for mortgage relief, $988 million so far, to pet projects and other initiatives, according to the report.... (This siphoning off of settlements acquired on behalf of Bankster Victims by the states has been taken by state leaders for a long time... — For example, my friends I were talking back in January about how Gov. Andrew Cuomo and New York State Attorney General Eric T. Schneiderman battled over how to spend $613 million obtained by the attorney general’s office in a settlement of securities litigation with JPMorgan Chase…. nytimes/2014/01/16/nyregion/cuomo-and-schneiderman-prepare-to-fight-over-jpmorgan-settlement.html?_r=0) I find myself in full agreement with Mr. Rall: this is *Disgusting*.
Posted on: Thu, 20 Mar 2014 19:27:21 +0000
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