Sith_Mauler
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Subject:
Oklahoma: GOP Attonery General helps protect big banks from homeowners.
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Attorney General Scott Pruitt turned down an estimated $10.2 million that would have gone to victims of unlawful or unfair foreclosure practices, according to documents from the settlement agreement. Pruitt said he refused to join other states in a federal foreclosure agreement on the principle that the agreement went beyond the scope of attorneys general.
According to a state-by-state breakdown of the federal agreement provided by the Iowa Attorney General's Office, Oklahoma would have received $18.6 million in cash to be used for any purpose and an estimated $10.2 million that would have been paid out directly to people who were victims of bad foreclosure practices.
Instead, the Attorney General's office made a separate agreement to accept only the cash-payment amount to the state for $18.6 million from Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and GMAC.
Only state to opt out
Oklahomans will not be able to apply for their share of the $1.5 billion earmarked for victims, which was estimated at $10.2 million for Oklahoma based on population and foreclosure rate.
Oklahoma is the only state that won't use those millions that were earmarked to go directly to individuals.
“We made the decision that, that $18.6 million was sufficient to cover the victims ... of deceptive practices by banks and in the services of foreclosures,†said Assistant Attorney General Tom Bates.
Read more: http://newsok.com/pruitt-rejects-about-10-million-for-oklahoma-foreclosure-victims/article/3649715#ixzz1n4VbO7ZB
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Webscar
Title: /Yiffs in Hell [face_furry]
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Subject:
Oklahoma: GOP Attonery General helps protect big banks from homeowners.
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They accepted the cash payment amount... how much is that, and where does that go?
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Aerlinthian
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Subject:
Oklahoma: GOP Attonery General helps protect big banks from homeowners.
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Are you trying to be deceptive or just a practitioner of selective reading?
Article goes on to read posted:
Bates said that while Oklahomans will not be able to participate in the national settlement agreement, all of the cash payment coming to Oklahoma will go directly to people for damages, while in other states the cash payments are being used for other things. “Check and see what other states are doing with their hard dollars,†Bates said. “States aren't using that to remedy the harm this investigation was intended to remedy. They're using it to shore up other budget deficits.†Some states are using the cash payment to go to victims, and Oklahoma could have used that money for victims under the federal settlement as well, Bates said. Bates said the $10.2 million in damages for Oklahomans was just an estimate and that there is no guarantee that many Oklahomans would have applied for and received the $1,500 to $2,000 checks that are part of the federal settlement. “What states are reporting they are going to get under that settlement is purely speculation,†Bates said.
And it goes further on to explain his rational.
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jeune
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Subject:
Oklahoma: GOP Attonery General helps protect big banks from homeowners.
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Sounds like grandstanding from the governor.
I am guessing that in Oklahoma that the attorney general is directly under the governor and his job is at the will of the governor.
Sounds like Oklahoma needs to create an independent office of attorney general that is accountable to no one except the people... someone who is looking out for the good of the people instead of the governor.
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Hyperimiator
Title: Maximus Probus
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Subject:
Oklahoma: GOP Attonery General helps protect big banks from homeowners.
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The AG in OK is elected not appointed.
Makes it easier to buy him/her, that way.
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The Hyperimiator song http://www.wfmu.org/listen.ram?show=1639&starttime=1:40:35 "You are never going to be able to vote for the revolution. Get that hope out of your mind" -Jerry Rubin http://www.youtube.com/user/Hyperimiator#p/u
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Ah-Schoo
Title: Fuzzy Caterpillar of Friendliness
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Subject:
Oklahoma: GOP Attonery General helps protect big banks from homeowners.
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Aerlinthian posted:
Are you trying to be deceptive or just a practitioner of selective reading?
... And it goes further on to explain his rational.
Irony bomb. Plus it's rationale, not rational.
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jeune
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Subject:
Oklahoma: GOP Attonery General helps protect big banks from homeowners.
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Hyperimiator posted:
The AG in OK is elected not appointed.
Makes it easier to buy him/her, that way.
Guess the only person the citizens of Oklahoma can blame is themselves... you get what you vote for.
I really thought that it was the governor because I absolutely see no reason that someone tasked with protecting the people of the state would turn away money...
Just for fun I looked through the OK statue... and it turns out he is lying... what a surprise!
§74-18b. Duties of Attorney General...
"11. To pay into the State Treasury, immediately upon its receipt, all monies received by the Attorney General belonging to the state;"
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"Whenever the white man treats the Indian as they treat each other then we shall have no more wars. We shall be all alike — brothers of one father and mother, with one sky above us and one country around us and one government for all."
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Hyperimiator
Title: Maximus Probus
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Subject:
Oklahoma: GOP Attonery General helps protect big banks from homeowners.
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You have to be a liar and a hypocrite these days to be a successful politician.
This is why I have put so much damaging personal information on ACF, that way I can never run for office myself.
I have been asked many times but I always think of ACF and know that now I can't.
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The Hyperimiator song http://www.wfmu.org/listen.ram?show=1639&starttime=1:40:35 "You are never going to be able to vote for the revolution. Get that hope out of your mind" -Jerry Rubin http://www.youtube.com/user/Hyperimiator#p/u
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