LEGAL THEFT: WHY YOU SHOULD NOT VOTE FOR CALIFORNIA DEMOCRATS IN 2018
If you are like me, you may wonder where all of those millions and billions of dollars in fines and settlements actually wind up, including those that were designed to recompense those injured citizens and consumers who were mislead and defrauded. So it should come as no surprise that the money found its way into the depths of the bureaucracy where government accounting systems and controls are designed to be defective and deceptive.
Sometimes, some vigilant party stumbles across the truth but must jump through hoops and file expensive legal actions to seek transparency, accountability, and justice for the people – coincidently the very watchwords of California’s progressive socialist democrats who masterminded and supervised the fraud.
It starts with the mortgage meltdown …
In 2012, 49 individual states joined with the United States government to sue five of the largest mortgage servicers in the nation for their part in the 2008 mortgage meltdown. As part of the “National Mortgage Settlement,” $20 billion was earmarked for homeowners who were materially damaged by the actions of the mortgage servicers. $2.5 billion was earmarked for the individual states to cover their costs in dealing with the mortgage mess. California's share of the $2.5 billion was approximately $410 million, and it was left up to the California Attorney General Kamala Harris to designate where the funds would be allocated. Harris established the National Mortgage Special Deposit Fund that was to directly help affected homeowners who suffered from the alleged illegal actions of the servicers.
Enter the progressive socialist democrats…
The progressive socialist democrats who control the State Legislature and are the ultimate power in California saw millions of dollars and quickly passed an act – signed by Governor Brown – that allowed the State to ignore Attorney General Harris and re-allocate 90% of the settlement funds to the State’s general fund.
[Excerpt -- Section 12531 as part of a trailer bill to the 2012 Budget Act.] “(e) Notwithstanding any other law, the Director of Finance may allocate or otherwise use the funds in the National Mortgage Special Deposit Fund to offset General Fund expenditures in the 2011-12, 2012-13, and 2013-14 fiscal years. The Department of Finance and the Controller's office shall recognize this fiscal alignment accordingly for the purpose of the state budget process and legal basis of accounting. “(g) Notwithstanding any other law, the Controller may use the funds in the National Mortgage Special Deposit Fund for cashflow loans to the General Fund as provided in Sections 16310 and 16381.” <Source> |
It appears that Governor Brown and his cohorts immediately raided the fund of at least $331 million – probably leaving a worthless interest-bearing IOU in its place to balance the books – and used those funds to cure budget shortfalls and to balance his phony “balanced budget.”
National Asian American Coalition, COR Community Development Corp., and the National Hispanic Christian Leadership Conference sued the state to “recover” the diverted funds and the court agreed. Of course, the State of California appealed the ruling and lost in the 3rd Appellate District Court who affirmed part of the lower court’s ruling but remanded the matter back to the lower court. But not before Judge Andrea Lynn Hoch issued a writ of mandamus “directing the immediate retransfer from the general fund to the NMS Deposit Fund the sum of $331,044,084.”
So rather than return the money, the same progressive socialist democrat suspects are continuing their legislative theft by attempting an end-run around the court. Introducing and passing legislation that would retroactively nullify the court’s ruling.
What legalized theft by legislation looks like. Buried in Assembly Bill 1929 introduced by the apt-named Ass. Member Lackey is Section 2(a)…
CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION SEC. 2. (a) It is the intent of the Legislature in enacting Section 3 of this act to confirm that allocations and uses of funds made by the Director of Finance from the National Mortgage Special Deposit Fund pursuant to Section 12531 of the Government Code in the 2011–12, 2012–13, and 2013–14 fiscal years were consistent with legislative direction and intent and to abrogate the holding of the Court of Appeal in the case of National Asian American Coalition v. Brown, 25 Cal.App.5th 60 (2018). The Legislature further declares that the allocations made by the Director of Finance pursuant to Section 12531 of the Government Code were made for purposes consistent with the National Mortgage Settlement. <Source> |
Bottom line …
YOU CANNOT TRUST THE DEMOCRATS TO PROTECT THE CITIZENS OF CALIFORNIA. Consider this when you vote. Not only are the Democrats turning our formerly golden state into Venezuela, but they are also doing it under the nose of the mainstream media which purports to speak truth to power and protect our rights. Yeah Right!
We are so screwed.
-- steve
“Nullius in verba.”-- take nobody's word for it!
“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw
“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”
“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius “A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell “Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar “Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS