Monday, October 29, 2012

The Looting Of The Mortgage Settlement Fund


Blogger Adam Levin writes in The Huffington Post:

  • States are looting the Mortgage Settlement Fund, and the odds are good that you or someone you know is getting robbed -- for the second time.

    According to recent reports, politicians, not bankers, are the culprits this time around -- siphoning billions from that historic settlement and pumping it into their broken state budgets. Instead of "manning up" and changing their diet, they're taking a cue from ancient Rome: After a quick trip to the vomitorium, it's back to the banquet table. (Care for a mint?)

    Their willingness to play fast and loose with the settlement -- crawling through certain wiggle words in its language to circumvent the clear intent of its negotiators --- tells me they still haven't learned where "fast and loose" leads.

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