How bank funds are being spent:
http://www.wsj.com/articles/new-york-gov-andrew-cuomo-legislators-jockey-over-bank-settlement-proceeds-1418436720?mod=WSJ_hps_MIDDLE_Video_second
Just
clicking on the above link will take you to the fight over the bank
settlement funds in New York State. One city wants water pipes.
Another wants a bridge. The state wants economic development.
But....wait.
Wasn't this from the big, bad, criminal banks? Wasn't this over the
mortgage crisis - they lent money recklessly to make bazillions from
unsuspecting citizens?
If
that premise is correct, and the government is fully repaid on the
monies lent out, with interest, why are these proceeds not going to the
victims?
Does this not remind you of the 1990's and the lawsuits against the cigarette manufacturers?
