Thom Hartmann: The Bankster Foreclosure Bandits Gone Wild

[thomhartmann]

David Selig, Conservative Commentator joins Thom Hartmann. Despite the recent mortgage settlement deal - struggling American homeowners are still screwed. Questions are still swirling around last week's mortgage fraud settlement that forced the five biggest mortgage lenders in America to cough up 26 billion bucks to pay for their high crimes in the robosigning scandal. In exchange - the banks are off the hook for future investigations into at least the robosigning part of the massive foreclosure fraud scandal. That's not so bad - but many are questioning the $26 billion figure and whether it's fair. Even worse - a lot of that $26 billion dollars that is supposed to go toward helping struggling homeowners - won't go to homeowners at all. Instead - for example - America's most hated - and on the verge of recall - Governor - Scott Walker - plans to use the money to plug budget holes created by his tax cuts for rich people and corporations. Wisconsin homeowners are supposed to get more than $31 million bucks from the settlement - but Walker is peeling $25 million off the top of it to cover general state expenses. Democratic Governor Jay Nixon is planning to do the same thing with the settlement funds in his home state of Missouri. So how are homeowners once again getting a raw deal - while the banks - once again - make off like bandits...literally?

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