From that article:
A team of six AP reporters who have been tracking the funds find that the $300 billion sent to the states is being used mainly for health care, education, unemployment benefits, food stamps, and other social services.
Folks, thats what happened. It was squandered.
Looting and redistribution, shocker!
ex·tor·tion (ĭk-stôr′shən)
1. Illegal use of one's official position or powers to obtain property, funds, or patronage.
2. The act or an instance of extorting something, as by psychological pressure.
3. An excessive or exorbitant charge.