| Author |
Topic:
Mortgage deal helps states in budget mess
[Locked] |
Sin_of_Onin
Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage deal helps states in budget mess
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http://money.cnn.com/2012/02/16/news/economy/states_mortgage_budget/index.htm?iid=HP_LN
The money the states are getting is unrestricted. Could go towards funding planned parenthood or a new electric chair or anything!
/outrage
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage deal helps states in budget mess
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Wonderful.
Not.
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Sin_of_Onin
Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage deal helps states in budget mess
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As a side note, I am fairly sure that CT got a lot more money from the deals struck with pharmaceutical companies a couple years ago. The pharmaceuticals were lying about their drugs and were caught. They still made off big on the deal even after paying the fines.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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ZigmundZag
Title: Grammar Nazi
Posts: 1,211
Registered: 2002-3-25 23:03:00
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage deal helps states in budget mess
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Quote:
The Article posted:At least two states -- Missouri and Wisconsin -- are using the funds to plug big holes in their budgets.
Wait, what? Wasn't Elo or someone telling us how awesome Wisconsin's governor had done at balancing their budget when he struck a mighty blow against the teacher's union?
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imaloon1
Posts: 674
Registered: 2003-9-15 07:19:53
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage deal helps states in budget mess
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Probably.
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The time draws nearer to your fate
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Groucho48
Posts: 821
Registered: 2003-10-22 03:00:14
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage deal helps states in budget mess
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ZigmundZag posted:
Quote:
The Article posted:At least two states -- Missouri and Wisconsin -- are using the funds to plug big holes in their budgets.
Wait, what? Wasn't Elo or someone telling us how awesome Wisconsin's governor had done at balancing their budget when he struck a mighty blow against the teacher's union?
A few weeks ago, Gov. Walker was bragging that his union busting had balanced the budget. Then, suddenly, there was a big gap and the only way to help close it was to use the mortgage money.
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“Science is like sex: sometimes something useful comes out, but that is not the reason we are doing it.†– Richard Feynman
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Sin_of_Onin
Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage deal helps states in budget mess
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A lot of state budgets over promised on savings cuts so are now looking for more money or more cuts. Those promised savings include cuts to things like pensions and health care.
The amount of money being talked about is relatively small.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Rosaria
Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage deal helps states in budget mess
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I don't really care what the states use it for. Does it matter?
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Groucho48
Posts: 821
Registered: 2003-10-22 03:00:14
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage deal helps states in budget mess
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Rosaria posted:
I don't really care what the states use it for. Does it matter?
Well, guess it depends. Legally, the states brought the lawsuits against the mortgage companies, so, they can do whatever they want with the proceeds. Morally, the lawsuit was over the fraudulent way the mortgage companies dealt with borrowers, and the settlement protects the mortgage companies from any more lawsuits from those borrowers. So, an argument can be made that the proceeds should go to the mortgage holders.
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“Science is like sex: sometimes something useful comes out, but that is not the reason we are doing it.†– Richard Feynman
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imaloon1
Posts: 674
Registered: 2003-9-15 07:19:53
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage deal helps states in budget mess
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Well the fact that the homeowners will get about a grand out of the deal. I'm kind of peeved that the states are going to get more.
If the states would have stepped in and stopped this mess I might be more inclined to say ya they should get paid...
But they didn't....
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The time draws nearer to your fate
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