The Great California Bail Out

Discussion in 'Politics' started by asaratis, Feb 12, 2012.

  1. asaratis
    Offline

    asaratis Uppity Senior Citizen Gold Supporting Member Supporting Member

    Joined:
    Jun 20, 2009
    Messages:
    12,285
    Thanks Received:
    2,647
    Trophy Points:
    245
    Location:
    Stockbridge
    Ratings:
    +4,469
    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?
     
  2. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    How fucking ridiculous. This Administration is completely clueless.
     
  3. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,502
    How about the FED answer why they forced banks to foster bad lending practices in the first place?
     
  4. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,502
    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...:eusa_whistle:
     
  5. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    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
     
    Last edited: Feb 12, 2012

Share This Page