So Where Does The $700 Billion Go?

In the simplest terms - First National lent Abe Steinberg $1.5 million to speculate on a house, the market crashed, Abe defaulted, and First National needs the taxpayers to refund their $1.5 million dollar loan. If you follow the paper trial you will find a lot of bogus loans. Many of these loans were just going to brokers, and the real estate values were over inflated.

Notice all the hoopla but no one is saying where the $700 billion is going. And that $700 is just the beginning.