ML-Implode News - Where did billions go when banks settled with our government?

It's not a small amount of money that we're talking about here... it's billions for sure and for certain, and I'd have to say tens of billions, which is a respectable sum regardless of what you're trying to accomplish... so where's the settlement money, fearless leaders?Â
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See that... this whole foreclosure crisis is so screwed up that it can't even be fixed with money. That's seriously screwed up, by the way. The Gulf of Mexico, after the worst oil spill in history, got cleaned up after we spent $26 billion over a couple of years. So money really made a difference there. But not so much when it comes to stopping foreclosures, apparently. That is a task that, it would appear, is impervious to monetary stimuli.

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Where did billions go when banks settled with our government? | Mandelman Matters