2012-02-13bloomberg.com

``Ninety percent of the $25 billion settlement announced Feb. 9 goes to borrowers, with states receiving at least $2.66 billion, said Geoff Greenwood, a spokesman for Iowa Attorney General Tom Miller, who helped negotiate the deal... Most states, especially those hit hard by foreclosures, probably will spend the money on related purposes instead of priorities that the public may not see as fitting the settlement's spirit, said David Adkins, executive director of the Council of State Governments in Lexington, Kentucky.''


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