Big Banks Paid $110 Billion in Mortgage-Related Fines. Where Did the Money Go? – WSJ

WSJ (03/09/2016)
  • WSJ provided a breakdown of who received post-crisis mortgage related fines and what the funds have been allocated towards.
  • Some states have used the fines to finance state fairs, police forces, and to help struggling homeowners.
  • About $50B of the funds were funneled to the US Gov’t (including Treasury) with little disclosure as to what they’ve been used for.