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Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
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EagleRockCafe Offline
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Post: #1
Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
To Radical Leftist Groups…

[Image: 2nhgq4h.jpg]

Nah, nothing shady about this.

Quote:The Department of Justice (DOJ) keeps giving radical leftist groups that support President Obama huge amounts of cash collected from big banks to settle discrimination and mortgage abuse lawsuits filed by the government.

Judicial Watch first reported the scheme two years ago when Countrywide Financial Corporation doled out $335 million to settle its discrimination lawsuit with the feds. The money was supposed to be distributed to more than 200,000 minority victims who supposedly were charged higher interest rates and fees than white borrowers based on their race not their credit. Instead, a chunk of the money went to Democrat-tied groups not connected to the lawsuit, including the scandal-plagued Association of Community Organizations for Reform Now (ACORN) and the open-borders National Council of La Raza (NCLR).

Now many of the same groups will get more money from a record $16.65 billion settlement with Bank of America. It’s a “historic resolution,” according to Attorney General Eric Holder, and the money will help make amends to borrowers and communities that were negatively affected by the bank’s conduct. Besides settling civil penalties at the state and federal level, the billions will bring relief to struggling homeowners and communities by, among other things, offering new loans and providing financing for affordable rental housing. Delinquent borrowers in Democrat strongholds like Chicago, Oakland and Detroit will also benefit from debt forgiveness.

Leftover funds will go to politically-connected community groups—like the NCLR, Operation Hope and National Community Reinvestment Coalition—that intimidate banks into qualifying more minorities for home loans, even if they really can’t afford it. This part of the deal is conveniently buried in the 37-page DOJ agreement, but a publication dedicated to covering business, finance and economics draws attention to it in a scathing editorial that refers to the arrangement as extortion.

http://www.judicialwatch.org/blog/2014/0...um=twitter
08-28-2014 02:10 PM
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LSU04_08 Offline
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Post: #2
RE: Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
Wow. I cannot WAIT until the day that ignorant son of a birch gets told to start stepping. Hopefully he does so with his racist hands cuffed behind his back by a lily white cop.
08-28-2014 02:29 PM
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DrTorch Offline
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Post: #3
RE: Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
Shouldn't it go to the US Treasury?
08-28-2014 02:31 PM
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LSU04_08 Offline
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RE: Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
(08-28-2014 02:31 PM)DrTorch Wrote:  Shouldn't it go to the US Treasury?

With Holder running the circus? Hell no.
08-28-2014 02:39 PM
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pharaoh0 Offline
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RE: Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
(08-28-2014 02:31 PM)DrTorch Wrote:  Shouldn't it go to the US Treasury?

It doesn't have to go there. What the GOP SHOULD do is pass a bill mandating that the money goes to the debt....but, they won't.
08-28-2014 02:48 PM
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LSU04_08 Offline
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RE: Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
Holder doesn't realize that the majority of America is pissed off at his blatant lies, race baiting, and carelessly going above the law...
08-28-2014 02:53 PM
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TigerBlue4Ever Online
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RE: Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
(08-28-2014 02:48 PM)pharaoh0 Wrote:  
(08-28-2014 02:31 PM)DrTorch Wrote:  Shouldn't it go to the US Treasury?

It doesn't have to go there. What the GOP SHOULD do is pass a bill mandating that the money goes to the debt....but, they won't.

Right, because that would take some balls and those neutered fools have none.
08-28-2014 03:35 PM
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JMUDunk Offline
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RE: Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
(08-28-2014 02:53 PM)LSU04_08 Wrote:  Holder doesn't realize that the majority of America is pissed off at his blatant lies, race baiting, and carelessly going above the law...

What the withHolder DOES realize is that most people are mouth breathing morons when it comes to stuff like this. They watch the teevee shows, modern Family or whatever, click around on the interweb doing the Facebook, read websites like tumblr or ESPN, who knows what else, and are completely checked out on anything remotely related to this stuff.

I spent part of last weekend in the company of a friend going back to around 1977 or so. Good guy, wife, couple kids, he's, ahem, a teacher. I had the news on one morning and he had to, quite literally, ask me "so what's going on here" about every... single... story.... covered.

ISIS- who are these guys? this in the Middle East, right?

Hamas-Gaza- How long has this been going on again?

IRS scandal/coverup- Who's Lois Lerner?

Unfortunately the great advent of 1000 cable channels and having media at our finger tips 24/7 has caused people to be MORE checked out on reality and the real world, than more checked in.
(This post was last modified: 08-28-2014 03:53 PM by JMUDunk.)
08-28-2014 03:52 PM
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Fo Shizzle Offline
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RE: Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
Who fcking money is that?
08-28-2014 04:32 PM
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maximus Offline
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RE: Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
Extortion to pay reparations

Simple as that
08-28-2014 06:41 PM
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THE NC Herd Fan Offline
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Post: #11
RE: Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America
Mean while.... Bank of America is quietly doing another round of layoffs to pay for the $16billion.
08-28-2014 06:48 PM
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