The Great California Bail Out

[asaratis]

HOUSING: San Diego and Riverside counties to get $3.1 billion in mortgage settlement



The settlement between 49 state attorneys general and the five banks puts to rest a monthslong negotiation over the banks' procedural problems with foreclosures. The agreement provides some legal releases for lenders' bad practices, and provides mortgage relief ---- in particular, principal reduction ---- for homeowners who owe more in loans than their properties are worth. California will get $18 billion, or 72 percent, of the total settlement.

Read more: HOUSING: San Diego and Riverside counties to get $3.1 billion in mortgage settlement

Now just what is it about California that makes it more deserving of our money than any other state?

 

[California Girl]

HOUSING: San Diego and Riverside counties to get $3.1 billion in mortgage settlement



The settlement between 49 state attorneys general and the five banks puts to rest a monthslong negotiation over the banks' procedural problems with foreclosures. The agreement provides some legal releases for lenders' bad practices, and provides mortgage relief ---- in particular, principal reduction ---- for homeowners who owe more in loans than their properties are worth. California will get $18 billion, or 72 percent, of the total settlement.

Read more: HOUSING: San Diego and Riverside counties to get $3.1 billion in mortgage settlement

Now just what is it about California that makes it more deserving of our money than any other state?

How fucking ridiculous. This Administration is completely clueless.

 

[The T]

HOUSING: San Diego and Riverside counties to get $3.1 billion in mortgage settlement



The settlement between 49 state attorneys general and the five banks puts to rest a monthslong negotiation over the banks' procedural problems with foreclosures. The agreement provides some legal releases for lenders' bad practices, and provides mortgage relief ---- in particular, principal reduction ---- for homeowners who owe more in loans than their properties are worth. California will get $18 billion, or 72 percent, of the total settlement.

Read more: HOUSING: San Diego and Riverside counties to get $3.1 billion in mortgage settlement

Now just what is it about California that makes it more deserving of our money than any other state?

How about the FED answer why they forced banks to foster bad lending practices in the first place?

 

[The T]

Sorry for you Kaleefornians...but hey? Looks like the leftists outvoted you and are about to hand the State into receivership at the expense of the rest of the other 49...

 

[Oddball]

HOUSING: San Diego and Riverside counties to get $3.1 billion in mortgage settlement



The settlement between 49 state attorneys general and the five banks puts to rest a monthslong negotiation over the banks' procedural problems with foreclosures. The agreement provides some legal releases for lenders' bad practices, and provides mortgage relief ---- in particular, principal reduction ---- for homeowners who owe more in loans than their properties are worth. California will get $18 billion, or 72 percent, of the total settlement.

Read more: HOUSING: San Diego and Riverside counties to get $3.1 billion in mortgage settlement

Now just what is it about California that makes it more deserving of our money than any other state?

Figures....Cahleeefornia just found that its fake budget projections were once again for below actual outlays.

Stupid Kabuki dance plays out every year....Now, Moonbeam is pimping for a "temporary" increase in taxes.

http://www.sacbee.com/budget/

California's budget crisis: Kabuki without end | The Economist