Back From the Vomitorium: The Looting of the Mortgage Settlement Agreement

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Back From the Vomitorium: The Looting of the Mortgage Settlement Agreement

Back From the Vomitorium: The Looting of the Mortgage Settlement Agreement

ABC NEWS-

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. Ironically, some of the worst offenders are the governors of states that originally led the fight to win justice for consumers — with California Gov. Jerry Brown leading the charge.

[ABC NEWS]

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