NEW YORK TIMES Investors to Bear Some of Mortgage Settlement Burden | Banks will get credit in the national $25 billion foreclosure settlement for reducing the balances of mortgages they own, but they will also get partial credit in some cases if the cost of such reductions falls on investors, The Wall Street Journal reports, citing draft settlement documents.
With a great deal of luck and skill, the best the Obama administration can do is to get the settlement burden off everyone's back, and move on to addressing the rest of the key issues the two sides confront.
Significantly, Harkabi quoted Rabin, then (1987) defense minister in the Likud government led by Yitzhak Shamir, as declaring during the first intifada that the settlements were "a burden".
Yet as what historians say is the only surviving town in America that was built as a Chinese settlement, Locke carries a burden of history far greater than its four blocks of mostly unkempt buildings would suggest.
Not everyone may care that smokers are paying more, but the point is that the tobacco companies simply shifted the burden of the settlement to their customers.
It says its efforts to develop a less toxic cigarette can only be hindered by the burden the master settlement and the enabling legislation have placed on it.
The system of parish relief demanded that children, like other potential paupers, belong somewhere, and parish officials used apprenticeship as a means to safeguard settlements, move on potential rate burdens, and ensure a degree of training.
In proportion to income, however, the settlement by Indus was a significant burden for the company.
The Garden shed one burden Monday, announcing a settlement to the sexual harassment lawsuit that clouded their off-season.
Overall in 2011 taxpayers shouldered the burden of $185 million in settlement payouts for lawsuits against the NYPD alone.
