Gov Walker steals from mortgage settlement fund

[wiphan]

Originally Posted by Riot

You probably need to read up in those conservative blogs and papers again. What loss has Wisconsin suffered, "exactly", due to robosigning? Seems they, like homeowners, will have to show they were affected, and in what amount.

But why would that money go into Scott Walker's budget deficit? Rather than into the target of the settlement, housing-associated problems brought on by the mortgage fraud and intended to rectify it?

Face it, you're wrong about the ability of states to freely use the settlement money for whatever the hell they want. Thinking that money going to Wisconsin regarding robosigning can be placed into the general budget doesn't meet the very requirements of the settlement you are quoting.

Pretending that "Well, we guess Wisconsin lost property tax money because of the housing crisis, so we can steal some of the settlement money in lieu of property tax money to fix my budget crisis before my recall" is baloney.

But that decision by Walker and the state Attorney General, too, will cost Wisconsin money when that action of Walker's goes to court. Poor Walker - everything he does ends up in court. Well, the court will decide this one, too.

Do you know what civil penalties are? What is your plan with the $140 million?

[Riot]

Originally Posted by wiphan

Do you know what civil penalties are? What is your plan with the $140 million?

Do you not know what the settlement says the monies are to be used for?

Padding lying Scotties budget deficit, at the expense of Wisconsin citizens, isn't one of them.

[wiphan]

Originally Posted by Riot

Do you not know what the settlement says the monies are to be used for?

Padding lying Scotties budget deficit, at the expense of Wisconsin citizens, isn't one of them.

You obviously can't read. I will try again. A PORTION OF THE $ paid to the states CAN BE CONSIDERED CIVIL PENALTIES! If the state collects some money as civil penalities where does that money go?

[Antitrust32]

Originally Posted by wiphan

You obviously can't read. I will try again. A PORTION OF THE $ paid to the states CAN BE CONSIDERED CIVIL PENALTIES! If the state collects some money as civil penalities where does that money go?

LOL Funny you had to repeat this like 62 times

[wiphan]

Originally Posted by Antitrust32

LOL Funny you had to repeat this like 62 times

I am not sure why I still try. I should just go Chuck's route (who cares with all her posts) but I guess the morbid curiosity keeps me coming back especially when it has to do with the lovely state of WI, which she seems infatuated with.

[Danzig]

head.jpg

[Riot]

Originally Posted by Antitrust32

LOL Funny you had to repeat this like 62 times

I can't help it - Wiphan just isn't getting it. Must have just read some newspaper lines.

[wiphan]

Originally Posted by Riot

Can't help it - Wiphan apparently isn't getting it.

AGAIN FOR YOUR READING PLEASURE!!!

VI. Payments to the States
The remaining settlement funds, approximately $2.5 billion, will be paid to the participating states.
The funds may be distributed by the attorneys general to foreclosure relief and housing programs,
including housing counseling, legal assistance, foreclosure prevention hotlines, foreclosure
mediation, and community blight remediation. A portion of the funds may also be designated as
civil penalties for the banks robo-signing misconduct

This comes from the summary of the settlement, not a liberal or conservative blog, nor a newspaper. READ IT PLEASE!!

[Clip-Clop]

Originally Posted by wiphan

AGAIN FOR YOUR READING PLEASURE!!!

VI. Payments to the States
The remaining settlement funds, approximately $2.5 billion, will be paid to the participating states.
The funds may be distributed by the attorneys general to foreclosure relief and housing programs,
including housing counseling, legal assistance, foreclosure prevention hotlines, foreclosure
mediation, and community blight remediation. A portion of the funds may also be designated as
civil penalties for the banks robo-signing misconduct

This comes from the summary of the settlement, not a liberal or conservative blog, nor a newspaper. READ IT PLEASE!!

Civil penalties do not go to the general fund... ...OK wait yeah they do, nevermind.

[Riot]

Originally Posted by wiphan

AGAIN FOR YOUR READING PLEASURE!!!

Duh - exactly. Please point out where the monies can go to the GENERAL FUND and not be used as described below.

NOWHERE does it say, "can use this money for general fund non-listed items". Do you know what the "general fund" Walker wants to put the millions in pays? None of the below!

The only thing I can figure out, is that you simply don't understand or know what the "general fund" is. Well, it's past due bills, buying salt for snowplows, etc. NONE OF THE BELOW.

In fact, if Walker puts millions in the general fund to fix his deficit, he's stealing millions directly from "community blight remediation" that Milwaukee needs and could use, to put in the general fund. That's the WHOLE POINT - Walker is stealing from what YOU listed the money must be used for!

Please, read what you are quoting - you're proving my contention, thanks

As I have said, funds can be used, according to the settlement, and quoting YOU, for:

foreclosure relief
housing programs
housing counseling
legal assistance
foreclosure prevention hotlines
foreclosure mediation
community blight remediation

WALKER wants to steal millions intended for the above, and use it instead to pay off his deficit. How hard is this for you to understand?

VI. Payments to the States
The remaining settlement funds, approximately $2.5 billion, will be paid to the participating states.
The funds may be distributed by the attorneys general to foreclosure relief and housing programs,
including housing counseling, legal assistance, foreclosure prevention hotlines, foreclosure
mediation, and community blight remediation. A portion of the funds may also be designated as
civil penalties for the banks robo-signing misconduct

This comes from the summary of the settlement, not your a liberal or conservative blog, nor a newspaper. READ IT PLEASE!!

[Clip-Clop]

civil penalties-fines or surcharges imposed by a governmental agency to enforce regulations

[Riot]

Originally Posted by wiphan

You obviously can't read. I will try again. A PORTION OF THE $ paid to the states CAN BE CONSIDERED CIVIL PENALTIES! If the state collects some money as civil penalities where does that money go?

I'll try again: WAY AHEAD OF YOU. READ THE SETTLEMENT. The money going to the states - in yes, civil penalties, money just for use by the states, not for the victims of the fraud, not for underwater mortgages, the exact monies are you talking about - are outlined in the settlement to be used for housing-related losses/programs at the state level.

Not their general fund.