More States Plan To Divert Foreclosure Fraud Settlement Money Away From Helping Homeowners

Well, Republicans are against earmarks, so this will happen.

http://thinkprogress.org/economy/2012/02/23/430997/more-states-divert-foreclosure-settlement-funds/

By Pat Garofalo on Feb 23, 2012 at 9:30 am

Already, three states have announced plans to divert some of their share of the $26 billion foreclosure fraud settlement with the nation’s five biggest banks away from helping homeowners (which is the money’s intended purpose), and towards other parts of their respective budgets. Wisconsin and Missouri are planning to use the money to plug budget holes, while Ohio wants to use the funding to demolish vacant homes.

And those states are evidently not the only ones planning to use the settlement funds for something other than helping troubled homeowners, as the Associated Press noted:

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