As you’ve probably heard by now, Attorney General Peter Kilmartin and his colleagues from across the country have reached a $25 billion settlement with the big banks for foreclosure abuses. The Washington Post’s Wonkblog has a solid FAQ explaining the deal. Felix Salmon likes it and Tom Sgouros doesn’t.
$25 billion is a lot of money, but how much of that will wind up in Rhode Island? Here’s a chart offering the official answer ($172 million), sent along by AG Kilmartin’s press secretary Amy Kempe:
For more information, visit riag.ri.gov/mortgagesettlement, the website Kilmartin’s office set up to help people understand the settlement and make use of it (if they’re eligible).