Governors Siphoning Mortgage Settlement Money: It’s Disgusting
By Ted Rall
March 20, 2014, 6:00 a.m.
As a news junkie and student of the human condition, it takes a lot to make my blood come to a full boil. It takes even more to make me sympathize with wealthy corporations. Hand it to Gov. Jerry Brown — he managed to pull off both feats with the news that he diverted more than $350 million from California’s share of the 2012 national mortgage settlement with the banking industry to reduce the state’s 2013 budget deficit.
Now that California is enjoying a budget surplus, a coalition of homeownership advocates and religious organizations has filed suit against the state to force Brown to restore the money.