California Attorney General Kamala Harris has responded to Jerry Brown’s bid to raid foreclosure fraud settlement funds through the back door by zeroing out the state support for the programs she has slated for the money to go.
|By: David Dayen Tuesday May 15, 2012 7:30 am|
|By: David Dayen Monday January 30, 2012 8:10 am|
Austerity is a major issue abroad, particularly Europe, but it has more to do with the sclerotic economic pace in the US than most people realize. Republicans successfully got spending caps that will ratchet down the budget in years to come, and they’ve already effectively frozen it. But as Jared Bernstein and Krugman show, the bigger contribution to austerity comes from state and local budgets.
|By: David Dayen Wednesday December 22, 2010 8:35 am|
On the biggest issues of the session – tax policy and government funding – the Republicans got their way, and set the stage for the 112th Congress that should feature major spending cuts. In the process, Democrats did not even bother to get important government functions funded, including money for the implementation of their top two legislative achievements, health care and financial reform.
|By: David Dayen Tuesday November 30, 2010 6:02 am|
The biggest threat comes from inaction, which this CBO report shows is effectively what we have with the status quo. Every homeowner in America will suffer from falling housing prices due to mass foreclosures. Unemployment will increase as the housing sector fails to rally. There will be no economic recovery without a rebound in the largest market in America, the residential housing market.
And yet the Administration is acting like providing 8% of the promised allocation for their tent-pole foreclosure mitigation program is good enough.
|By: David Dayen Thursday November 25, 2010 7:45 am|
This is really important. That $35 million for legal services for foreclosure victims isn’t likely to be appropriated, and the Administration’s efforts are insufficient. I’ve heard multiple stories of legal aid foundations planning to cut back on staff because of budget troubles.
The holidays are coming up. I can’t think of a better gift to give to someone than the opportunity for them to stay in their home. Legal aid foundations need our help. Find one in your area.
|By: David Dayen Wednesday November 17, 2010 5:29 pm|
This is the lifeline of the foreclosure fraud crisis: funding of mediation programs and legal services attorneys. Lawyers need to be in the field so borrowers have a fighting chance at due process, to protect themselves from predatory servicers and prevent illegal foreclosures. Without more funding, the efforts at accountability may just wither. News organizations are doing a great job but the lawyers need to be funded.
|By: David Dayen Monday November 15, 2010 2:15 pm|
The money was authorized, but not appropriated. The appropriation has still yet to be made. It could be tucked into virtually any bill that comes up in the lame duck session, but that’s probably its last hope. After that, Republicans gain control of the House, and John Boehner doesn’t strike me as a “let’s give money to poor people facing foreclosure so they can have good lawyers” type.