Just days after holding her ground, California Attorney General Kamala Harris couldn't resist the almighty dollar.
Late last night a deal was reached that would bring in $18 billion to help California homeowners. It sounds like alot but like I had stated in an article earlier this week, the Fed gave out $16 trillion of taxpayer money to bail out banks and corporations worldwide, $18 billion doesn't seem like so much anymore does it? Most would go to help out those under water and behind on their payments while less than $1 billion would go to help those current on their mortgage. Think about that. The banks aren't concerned with those who are current because as long as they're getting a check, they don't care. They just want to start getting checks again from those who can't afford the artificially inflated cost of their mortgage.
This deal is far, far too late to really make an impact on the economy and the deal itself is plain awful. WATCH THE VIDEOS TO SEE THIS IS A BAD DEAL FOR YOURSELF.
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