Forum Post: 'Mortgage Settlement' Funds Paying for Prisons, Not Foreclosure Relief
Posted 11 years ago on May 17, 2012, 11:49 a.m. EST by GildasSapiens
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Needy states use housing aid cash to fund prisons, education shortfalls, and plug budgets
"As part of a financial settlement over fraudulent mortgage practices earlier this year, some of the nation's largest banks agreed to make payments to state government totaling $2.5 billion that would be earmarked for victims of wrongful foreclosure and other distressed homeowners. Instead, reports the New York Times today, a majority of those funds are going to plug state budget shortfalls, leaving homeowners without recourse and validating critics who questioned the strength of the deal when it was announced in February."
Big surprise, huh? The politicians are stealing money: robbing Peter to pay Paul, but the ones really being robbed are always the workers.
Great though disturbing post and link, further to which I append herewith, three rather relevant links re. 'The Private Corporate Prison Complex' :
"The Prison-Industrial Complex ; Correctional officials see danger in prison overcrowding. Others see opportunity. The nearly two million Americans behind bars—the majority of them nonviolent offenders—mean jobs for depressed regions and windfalls for profiteers." by Eric Schlosser : http://www.informationclearinghouse.info/article19152.htm .
"Occupy A Private Prison : Shut Down Stewart Detention Center", by Robert Greenwald : http://www.informationclearinghouse.info/article29733.htm .
"Louisiana is the world's prison capital" : http://www.nola.com/crime/index.ssf/2012/05/louisiana_is_the_worlds_prison.html .
fiat lux et fiat justitia ...