Tragic scam.
The last I heard it was somewhere north of 30 states had already allocated all or most of the money received to expenses other than mortgage relief. California and Illinois have already allocated 100 percent of their funds to deficit reductions. Georgia is going to use it for job training programs.
The criminal part of this scam is the Obama Administration officials that negotiated this settlement made sure the wording of the settlement allowed the states to do this.
The settlement only RECOMMENDS the states use the money for mortgage relief.
This wording change was inserted after Senate democrats shot down the presidents proposed 3rd stimulus package in his 2011 budget. Which never came to a vote in the Senate because Reid kept it off the floor.
On a related note: Obamas 2012 budget went down in bipartisan flames by a 99-0 vote in the democrat controled Senate.
