$80.35 Million in Foreclosure Fraud Settlement Funds Now Getting Redirected to State Budgets

$80.35 Million in Foreclosure Fraud Settlement Funds Now Getting Redirected to State Budgets

By: David Dayen

I’m trying to keep a running tally of the direct funds to states from the foreclosure fraud settlement that will get diverted to General Funds to fill budget holes. When we last left this story, Maine had decided to send $5.7 million to the general fund, joining Missouri’s $40 million and Wisconsin’s $26 million. So let’s keep the tally going with this from David Lieb of the AP:

In Pennsylvania, where a fourth straight budget deficit is projected, Democrats are pressing the Republican-run attorney general’s office to use some of its $69 million payment to offset $2 billion in cuts to programs that benefit education, the elderly, disabled or poor.

“The governor’s budget has so many cuts to so many valuable programs, if the attorney general’s office has $69 million, why not use that to offset these cuts to essential programs?” said state Rep. Joe Markosek, the ranking Democrat on the House Appropriations Committee.

Vermont plans to use $2.4 million from the settlement to help balance its budget. Maryland Attorney General Doug Gansler said about 10 percent of his state’s $62.5 million payment will be made available for the governor and lawmakers to spend as they choose.

Rest here…

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4closureFraud.org

Comments
One Response to “$80.35 Million in Foreclosure Fraud Settlement Funds Now Getting Redirected to State Budgets”
  1. Katheryn says:

    Sadly, I saw that coming a mile away. Think how much extra money they will need as they force more and more tests on woman as they see fit? I’m sure forced intra vaginal exams are just the beginning of many new and exciting health care mandates planned for woman. Now that I’m on an “off the subject tangent” , I am amazed how some of these nut jobs are advocating sex for pro creation only. No need for contraception as that is WRONG. The funny thing about all this talk trying to throw women back 100 years, is nothing is metioned about insurance covering Viagra and the such for men? Most men use this after the age of childbearing years, so why would they need it if they aren’t procreating???? Don’t get me wrong here, I love men, but I’m not sure that these are real men spewing this stuff. I am a religeous person and believe the comandments are a generally good way to try and lead your life; but we are humans and not perfect. I’m telling you all it is like the whole country has gone completely insane. I can’t even rationalize this stuff anymore; other than to say “Craziness”.

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