*A small child confronted one of the ballplayers who threw the World Series. The player had pretended to do his best. That is what he told people before he was brought up on charges of throwing the World Series. The little kid said, "Say it Ain't So, Joe!" The young child's comment has inspired the title of this post article. Thank you.
This is really a follow up on the Mortgage Fraud Settlement in which four large Mortgage Servicers settled national claims against them for fraud. The claims were apparently never written in a Complaint filed in any Federal Court, nor filed in any State Court, nor filed with any Agency, State or Federal. However, the national settlement was produced in writing after several weeks following the announcement of the settlement in which its provisions were not known to the public.
Florida Attorney General Pamela Bondi firmly announced that she alone negotiated $300 Million on behalf of Florida residents who were defrauded by the Mortgage Servicers. See "Mortgage Servicers, Mortgage Settlement: Dealing Fairly in Financial Good Faith," published here on October 25, 2012. The monies were to include mortgage loan reductions, financial counseling, and many other good things, Ms. Bondi's office announced to us.
It is now reported that Ms. Bondi has negotiated another deal for the $300 Million and Ms. Bondi's office again tells us that this is a good thing for us. With her agreement, the Florida Legislature has taken a cut of about 25% of that $300 Million which Ms. Bondi, alone, previously negotiated. See Toluse Olorunnipa, "Pam Bondi Reaches Deal on Florida's $300 Million Foreclosure Settlement" (Tampa Bay Times Online, Friday, November 2, 2012). She negotiated this deal also. 25% to the Florida Legislature.
And counting.
Say it ain't so, Pam.
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