February 17, 2012

GRAPHIC: Drop In The Bucket, Settlement Provides $25 Billion In Help For $700 Billion Problem

The recently announced mortgage settlement has set off a debate about the conditions of the deal, who benefits, and if the amount for homeowners is sufficient. To help visualize the deal, the Republic Report has produced the following infographic:

Look to money in politics to understand the disparity between aid to homeowners and the numbers concerning homeowners owing more than their house is worth. For instance, Iowa Attorney General Tom Miller (D) received 88 times more campaign donations from out-of-state lawyers and lobbyists following the news that he would be the lead negotiator with the banks for the settlement deal than he had received in the previous decade.