Gov Walker steals from mortgage settlement fund

[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]

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[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.

[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 Clip-Clop

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

And please read what the settlement Wiphan is quoting says the money is to be used for.

It is NOT to be used for the general fund and paying off Walker's deficit. The civil penalties part has to be used for the things listed.

Face it: Mr. "one time fixes from stealing settlement money is bad" Walker is doing the exact same thing he complained about during his campaign: stealing money from his citizens to pay off the deficit he says doesn't exist.

[Clip-Clop]

Just BOA and Wells Fargo got 60 Billion alone in the bailout. This is nothing. More sheep food.

[Clip-Clop]

Originally Posted by Riot

And please read what the settlement Wiphan is quoting says the money is to be used for.

It is NOT to be used for the general fund and paying off Walker's deficit. The civil penalties part has to be used for the things listed.

It is clearly listed alone and after what the rest of the funds are to be used for, followed by the civil penalties line. Based on what I know about reading comprehension that means it is on its own and not subject to what is mentioned before it.

Any good examples of a Governor?

[Riot]

Originally Posted by Clip-Clop

Just BOA and Wells Fargo got 60 Billion alone in the bailout. This is nothing. More sheep food.

And they didn't even need it to spend it. They were given it at zero or low interest by the government, and used it for investing, thus making profit on it, and disbursing it in bonuses.

[Riot]

Originally Posted by Clip-Clop

It is clearly listed alone and after what the rest of the funds are to be used for, followed by the civil penalties line. Based on what I know about reading comprehension that means it is on its own and not subject to what is mentioned before it.

The above isn't the legal language of the settlement, it's the same summary that is listed on the settlement website and news articles.

You might ask the Governor's Attorney General, who was specially consulted to see if the Governor can take the money and use it outside of what is listed, and who is, aside from the Governor, the only one in the state government saying, "yes, I think it would be legal".

That Walker had to ask his Attorney General - and is NOT consulting the legislature or any other legal advice - shows Walker clearly knows his taking the money is outside the settlement use intentions.

But he has the Koch Brothers American's for Prosperity playing hundreds of thousands of dollars of ads saying Walker balanced the budget, and Walker knows that's a lie, and he has a $140 million deficit - so he's grabbing some of this money to try and cover his tracks before his recall election.

And that is why there is a lawsuit being filed against the Gov and Attorney General for it, on behalf of the citizens of Wisconsin. Because the Governor and Attorney General are beyond the accepted use of the monies, using it to pay off last year's bills, and NOT for housing-related city troubles.

[Clip-Clop]

Originally Posted by Riot

The above isn't the legal language of the settlement, it's the same summary that is listed on the settlement website and news articles.

You might ask the Governor's Attorney General, who was specially consulted to see if the Governor can take the money and use it outside of what is listed, and who is, aside from the Governor, the only one in the state government saying, "yes, I think it would be legal".

That Walker had to ask his Attorney General - and is NOT consulting the legislature or any other legal advice - shows Walker clearly knows his taking the money is outside the settlement use intentions.

But he has the Koch Brothers American's for Prosperity playing hundreds of thousands of dollars of ads saying Walker balanced the budget, and Walker knows that's a lie, and he has a $140 million deficit - so he's grabbing some of this money to try and cover his tracks before his recall election.

And that is why there is a lawsuit being filed against the Gov and Attorney General for it, on behalf of the citizens of Wisconsin. Because the Governor and Attorney General are beyond the accepted use of the monies, using it to pay off last year's bills, and NOT for housing-related city troubles.

Has the actual settlement even been released yet? I am not finding it anywhere. Plenty of summaries though. If you have a copy of the doc and any applications etc, I would like to see them and what the legal wording looks like.

[Clip-Clop]

Didn't think so.

[Riot]

Originally Posted by Clip-Clop

Has the actual settlement even been released yet? I am not finding it anywhere. Plenty of summaries though. If you have a copy of the doc and any applications etc, I would like to see them and what the legal wording looks like.

http://www.nationalmortgagesettlement.com/ is where the entire court case PDF will be put, here's the current executive PDF http://www.atg.wa.gov/uploadedFiles/...ve_Summary.pdf

[Riot]

Originally Posted by Clip-Clop

Didn't think so.

Forgive me for not being on the list at your beck and call in the past half hour. See above.

[Clip-Clop]

Originally Posted by Riot

Forgive me for not being on the list at your beck and call in the past half hour. See above.

Same summary Wiphan quotes, everyone has read this. You however referenced the exact legal language of the settlement, was hoping to see where you were able to read that.

[Clip-Clop]

Originally Posted by Riot

The above isn't the legal language of the settlement, it's the same summary that is listed on the settlement website and news articles.

You might ask the Governor's Attorney General, who was specially consulted to see if the Governor can take the money and use it outside of what is listed, and who is, aside from the Governor, the only one in the state government saying, "yes, I think it would be legal".

That Walker had to ask his Attorney General - and is NOT consulting the legislature or any other legal advice - shows Walker clearly knows his taking the money is outside the settlement use intentions.

But he has the Koch Brothers American's for Prosperity playing hundreds of thousands of dollars of ads saying Walker balanced the budget, and Walker knows that's a lie, and he has a $140 million deficit - so he's grabbing some of this money to try and cover his tracks before his recall election.

And that is why there is a lawsuit being filed against the Gov and Attorney General for it, on behalf of the citizens of Wisconsin. Because the Governor and Attorney General are beyond the accepted use of the monies, using it to pay off last year's bills, and NOT for housing-related city troubles.

Where is THIS?