Tuesday, April 9, 2013

Settlement fraud

"Florida received more than $330 million as part of a multi-state foreclosure fraud settlement with the nation’s biggest banks. Other states have used their share of the dollars to plug budget holes, and they’ve been criticized for not spending the money on housing-related issues. That’s not the case in Florida. Still, as the legislature works to craft a budget, some lawmakers worry their colleagues may be tempted to spend the money in other ways."

How does a settlement get reached for wrongful foreclosure on Americans and then state governments can use the money willy-nilly? Who's driving???

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