Thursday, February 9, 2012

Walker and Van Hollen now blame deceptive banking for Great Recession, not deceptive home buyers?


Now all of sudden, the story has changed!

First we were led to believe by our Republican authorities that the Great Recession came about by lazy poor home buyers who couldn’t afford their mortgages, and knew it. They scammed bankers and tanked the economy. Now the story has changed, once the bank settlement checks were passed out.
Governor Walker, Attorney General Van Hollen and Secretary of the Department of Financial Institutions Peter Bildsten, will announce ‐ ‐ that Wisconsin has formally joined a landmark $25 billion joint federal‐state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud, and unacceptable nationwide mortgage servicing practices.  The proposed agreement provides Wisconsin an estimated $140 million.

Our great heroes of the middle class don't mind feeding off the settlement money that were the result of the Obama administrations dogged pursuit of the banks. Hey, didn't Mitt Romney want the mortgage market foreclosures to "bottom out?" Didn't congressional Republicans want to blame poor home buyers and deregulate the banks? 

Posing for holy pictures, Scott Walker and J.B. Van Hollen posed for holy pictures;
“The settlement being announced today will help bring relief to Wisconsinites who were harmed byunfair mortgage practices and help prevent future deception from occurring,” said Governor Walker.  
But according WKOW 27, in an interview with JB Van Hollen, he reveals the state is getting its filthy hands on a large part of it for the general fund. One time money to help bail them out of the new deficit estimate of their current budget? Not a lot is known about how the money is supposed to be divided up, but the question has to be asked because...who can trust these crooks?


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