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?