PRIMA RiskWatch MultiBriefs
May 22, 2012
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Needy states use housing aid cash to plug budgets
The New York Times
Hundreds of millions of dollars meant to provide a little relief to the nation's struggling homeowners is being diverted to plug state budget gaps. In a recent budget proposed, California joined more than a dozen states that want to help close gaping shortfalls using money paid by the nation's biggest banks and earmarked for foreclosure prevention, investigations of financial fraud and blunting the ill effects of the housing crisis.More

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