Appellate Court Ordered CA Governor to Return 'Unlawfully Diverted' Subprime Crisis Funds
After this "reclassification" of intent, the State will probably appeal to the California Supreme Court.
By Katy Grimes —— Bio and Archives--August 22, 2018
American Politics, News | Comments | Back To Full Article
Gov. Jerry Brown was recently ordered by the state's 3rd Appellate District Court to repay more than $331 million in funds the state illegally diverted from a national fund intended to help homeowners struggling with foreclosures from the housing crisis. Instead of complying with the court order, Democrats are pushing through a bill to legitimize the theft of funds.
The Assembly already passedAssembly Bill 1829, which makes the statutory changes related to the National Mortgage justifying this theft. AB 1829 was passed on a party line in the Senate Committee on Budget and Fiscal Review, 12--5, with all Republicans on the committee voting no.
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