Gov Walker steals from mortgage settlement fund
 

Can everyone stop pretending that this liar balanced the budget? He didn't, and he "newly reveals" he didn't. It's only balanced by using cash accounting tricks, rather than general approved accounting practices, like he promised.

And to cover his shortfall, he is stealing millions from the citizens of Wisconsin from the mortgage settlement fund. Citizens who have already contacted the lead Attorney in the settlement to see if this is even legal.

What a despicable loser this man is. Stealing more from his citizens. That money is settlement for the victims of mortgage fraud and wrongful foreclosure

State faces massive budget deficit/shortfall, and the only state in the country to have six straight months of job losses

http://www.jsonline.com/news/statepo...139047659.html

Why don't you check the deficit for IL last year and get back to us.

Then look at unemplolyment numbers, graduation rates, test scores and realize there's nothing to worry about in WI.

In fact it is providing a blue print for other States to follow.

and when you use a small portion of a settlement to balance a budget is not stealing.

If he had sent it to Egypt, Solondra, big banks and GM now that's stealing. :D

wow, i thought when i looked the story up that i'd see charges filed for embezzlement. :rolleyes:

I suppose those who live near foreclosed homes were victimized as well as those who were forced to pick up for the loses on their property taxes.

Local news was reporting on the one-year anniversary of the Madison union protests calling those who showed up 1%ers. :)

There were more people at a snowball (softball on ice) tournament I went to than at the capital.

I must have missed your postings when Gov. Doyle took the money from the Tobacco settlement to fix the budget, or when he raided the transportation and physicians funds. Also not sure you posted anything about how most of the stimulus $ was used to fix budget issues and not actually provide any stimulus. A good portion of the mortgage settlement was because banks eluded some government recording fees with Robosigning, but I guess that really doesn't matter. Let's stop pretending that people that get foreclosed on are victims. The state of WI is the MOST consumer protective state in the union and there is an extensive foreclosure procedure that takes place so stop pretending that these people are victims of the banks. Some may have lost jobs and had bad things that happen, but so is life and some times life sucks, but stop blaming everyone else and take responsibility for your own actions. Buck up buttercup!

Scott Walker: lying to the people of Wisconsin regarding budget and jobs.

Currently having his Koch Brothers owners, Americans for Prosperity, paying $700,000 worth of lying ads on television about how he balanced the budget and created jobs. Sixth straight month of jobs loss in Wisconsin, leads the nation. Walker fixing and balancing budget a lie, he has a $150 million deficit.

Stealing from a settlement fund, money for his citizens that have suffered from wrongful foreclosure and mortgage fraud, just as he decried during the tobacco settlement, to balance the budget deficit he lies about having.

Walker's office embroiled in the FBI John Doe investigation, with multiple felony arrests in the ongoing investigation and the governor now admitting it was the FBI that wanted to talk to him, not the other way around. Good thing Walker hired his two criminal defense attorneys.

The Republican Party of Wisconsin embroiled in legal tangles due to their apparently illegal and unethical secret redistricting plan, including having GOP legislators sign secret non-disclose pacts. Three judges just ordered GOP to turn over 84 documents they have been withholding from investigation.

Four Republican state reps under recall, including the head of the Legislature. The Governor and his Lt. under recall.

Wisconsin citizens are trying to take their state back from the corrupt Republican thieves and thugs now in charge.

Keep defending these losers :tro:

Good redirect without actually disputing any of my points. I guess you stated that Walker critized Doyle for taking the tobacco $ for the budget (which I don't recall). I actually thought that was one thing Doyle did right.

why don't you start looking at your lovely hand picked democratic candidate from WEAC who illegally has taken a pledge to restore collective bargaining in order to gain the financial backing of the Unions with back peddling Mary Bell (once she realized what she was doing was illegal).

Also still waiting to hear how you would like the mortgage settlement money spent?

It should be given to the "victims" of all this fraud. Clearly they know how to handle money.

Well, changing the subject, and ignoring the disaster Walker is, is what you do :D Care to comment on the subject of the thread? The corrupt Republicans now in Wisconsin? Lead by Governor Walker and the Fitzgerald Brothers?

Face it: Walker is a liar, and a thief, and is under FBI investigation for association with the felonies in his office at his previous position.

Did you like that midnight legislative session Fitzgerald called this AM? Middle of the night sneaking, what the GOP in Wisconsin does best.

How about this GOP revelation from yesterday?

Defending the five big banks from illegal mortgage fraud practices they have conducted, and the national settlement in billions they have to make, with the attorneys general of 49 states.

Nobody is talking about people who lost their houses due to their own overreach. They are not part of this bankster fraud settlement.

I think it is absolutely fine to take the $ from the mortgage settlement and use it to help balance the budget. I think you are a hypocrite for calling Walker a thief for taking the money and using it for something good and needed when you didn't do that when the democrats did the same thing.

But they are though, unless I am reading it wrong people who are simply "underwater" (didn't have a down payment and should never have bought in the first place or refi'd for way over value) are included and are being paid.

LOL. I think the Dem governor doing the same thing was wrong. So sorry, your label doesn't stick.

The clear hypocrite is Scott Walker, for whining that the Dem Governor did so - yet is doing the exact same thing himself, right now: stealing money from the settlement to balance the budget he's lied about and said was balanced. $150 million deficit in the whole. I think it's appalling he's stealing this money from the victims of the fraudulent practice of the banks to cover his deficit before the recall election. While he has the Koch brothers put lying ads on TV saying the budget is balanced.

You are defending your industry, and this lying scumbag. Good luck with that.

No, simply being "underwater" by itself doesn't qualify. This is for the victims of the bankster illegal activities, the mortgage fraud and illegal practices done by the banks. And it does not relieve the banks or protect them from any additional investigations or charges.

Please educate yourself on the mortgage settlement and get back to me with your plan on what the states should do with this money. Do you want them to cut checks to people that didn't make their payments that were foreclosed on? How do you want the $ spent? How about all the unpaid government recording fees that the banks skipped out on should we not worry about those?

Please educate yourself on the mortgage settlement: they should do with the money exactly what is itemized in the legal settlement agreement. Which does NOT include Scott Walker stealing multiple millions to balance his budget, does it?

And to think not too long ago Obama & Co financially supported those big five banks and as I recall you supported him doing so. :zz:

Certain states are doing exactly that, qualifying underwater homeowners for relief.

Since you don't take time to read the actual portion that states the payments to the states. I will post it for you so hopefully you can read it.
How much did walker so call steal? Was it the entire amount or was it the portion that could be designated as civil penalties?


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

Please list what states are qualifying homeowners who have not suffered any bank fraud as agreed to in the settlement, bank refusal for refinancing as found in the settlement agreement? There are underwater homeowners who suffered bank fraud in their refinance attempts, and those that have not. They are not the same under the settlement, and the second category isn't included or qualified for any of the settlement funds, while the first are.

This isn't some bailout of random underwater homeowners. This is a settlement secondary to massive, nation-wide mortgage and refinancing fraud on the part of the five major banks.

The bailed out banks. The ones that own your boy. Iowa. I haven't had time to look for others just yet.
http://www.desmoinesregister.com/article/20120215/BUSINESS/302150038/0/dmweather/?odyssey=nav|head
From an ACTUAL paper too.

LOL. Don't quote me newspaper stories. Quote from one of the actual state application websites, where it lists in detail the qualifications of the applicants.

You and Wiphan trying to defend the banks illegal mortgage fraud, and Gov. Scott Walker, is very entertaining.

Your defense of the President on any and all counts has been ridiculous. Talk of fraud while defending Obama is very entertaining, biggest fraud in our history. Walker is unclean, of course he is but he is far better than many governors and certainly cleaner than DC.

LOL - this thread is about Governor Walker stealing from the mortgage settlement fund to cover up his massive budget deficit (the one he says doesn't exist).

Not about Obama. Not about DC. Not about other governors. Glad to hear you admit that Walker is unclean.

Walker is doing fine. Whats I'm so sick of is these damn protesters! They got their recall signatures. So let them be counted and wait for your recall election.
But just this week they have to protest to mark the anniversary of their protest! Are you kidding me! Leave walker alone and speaking of cowards, don't hear you mention the democrats who fled the state last year instead of doing their job! Wisconsin is better because of walker! No stupid money eating train and finally someone willing to do something about the states deficit! Do us a favor and stay out of wisconsin's politics!

WI budget deficit is actually remarkably low when compared to the rest of the states and more importantly the federal "budget". At least they have one to measure.

why don't you respond to the facts that I posted and the actual mortgage settlement documents instead of your own random thoughts or what you read on liberal blogs or newspapers

yes, i remember the article i read stating it was the attorney general who conferred with the governor about the money. of course the title of the thread didn't mention him-i guess he's not a thief?:rolleyes:

You mean the Attorney General who refused to investigate his buddy Walker, so the FBI had to be contacted to initiate the John Doe investigation? The one that is resulting in multiple felony charges in Walker's office, that is still ongoing?

The citizens of Wisconsin are discussing with the lead Attorney who lead the deal with the banks, and the Feds, to see if what Walker has decided to do about stealing millions from his citizen's settlement - in consultation with nobody else in the Government but his Attorney General - is legal.

Walker and the GOP in Wisconsin has cost Wisconsin hundreds of thousands in legal fees. He's lied to the citizens. He's not balanced the budget. He's lost massive amounts of jobs.

Why are you trying to change the subject? Why the name calling? Why don't you respond to the multiple legal problems Walker and Fitzgerald have caused the state, rather than going off on tangents? :D

Your effort to make the banks the victims in the mortgage fraud settlelment is a ridiculous defense of your industry.

Really. Your subject is walker steals from the mortgage settlement fund. I gave you the actual part from the settlement which shows how the money is supposed to be handled by the state. The settlement specifically states that a portion of the money can be used for civil penalties to be paid to the state for robosigning. Walker used a portion of the money to apply to the budget. Please explain how I am wrong and how this is wrong. If the banks avoided paying government recording fees by robosigning wouldn't the state be eligible to receive that income along with civil penalties?

Please show me in this thread where I am defending the banks or calling the banks victims. I am pointing out to you where you are wrong about the settlement. End of story. Obviously there was wrong doing otherwise the banks wouldn't have cut this deal. You simply do not understand the settlement. The banks are doing a lot from this settlement outside of the payments to the state. Please take the time to read the few sentences I gave you from the settlement and specifically comment on that.

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 simply 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.

Tell me, Wiphan - what do you think about Walker lying about having balanced the budget? What do you think about Wisconsin's - Walker's - six straight months of job loss, the worse in the nation? What do you think about the multiple felony charges coming out of his Country office, and him being investigated, for political malfeasance and stealing from the public (doing campaign work while the public pays for it)? You really think this guy is doing a good job for Wisconsin?

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

Who runs a good state government? WHich Governor is the model by which all others should be measured?
Because you have chosen Walker as your target, you find things to abuse. Why do you not question everyone else in the same manner with the same vigor? What did Walker ever do that effected you directly?

Victimhood so soon?

Nonsense. No, Walker promised alot, then immediately went about union busting, lying, and getting in legal trouble. He's destroying the state.

As I have said, I have family and friends there, let alone a vested property interest. But I don't need anybody's permission to pay attention to the politics in Wisconsin. Every citizen in this country - at least those that care - have been paying attention to the ALEC agenda being put forth by the Republican Governors Association: Walker in Wisconsin, Snyder, Scott in Florida, Ohio. They are destroying those states.

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?

So nobody then? You cannot provide a good example because if you try that person will be slapped around because they are all dirty.