Eric Holder makes it RAIN

Obamatollah's minion redistributes worthless money. The Ozombies praise SATAN.

http://www.powerlineblog.com/archive...settlement.php


POSTED ON AUGUST 28, 2014 BY PAUL MIRENGOFF IN HOLDER JUSTICE DEPARTMENT, LEFTISM, OBAMA ADMINISTRATION SCANDALS
HOLDER CUTS LEFT IN ON $17 BILLION BANK OF AMERICA SETTLEMENT
Radical Democrat activist groups stand to collect millions from Attorney General Eric Holder’s record $17 billion deal to settle alleged mortgage abuse charges against Bank of America, Investors’ Business Daily reports:

Buried in the fine print of the deal, which includes $7 billion in soft-dollar consumer relief, are a raft of political payoffs to Obama constituency groups. In effect, the government has ordered the nation’s largest bank to create a massive slush fund for Democrat special interests.

The deal requires billions of dollars in debt forgiveness payments to delinquent borrowers. It also requires Bank of America to make billions in new loans and to build affordable low-income rental housing.

The remaining money will go to a slush fund for leftists:

If there are leftover funds in four years, the settlement stipulates the money will go to Interest on Lawyers’ Trust Account (IOLTA), which provides legal aid for the poor and supports left-wing causes, and NeighborWorks of America, which provides affordable housing and funds a national network of left-wing community organizers operating in the mold of Acorn.

NeighborWorks of America has been a major supporter of ACORN, the left’s most favored radicals. According to Investors’ Business Daily, in 2008 and 2009 NeighborWorks awarded a whopping $25 million to Acorn Housing.

Moreover, an Acorn Housing spinoff is directly eligible for BofA slush funds. It’s an outfit called Mutual Housing Association of New York. HUD lists its contact person as Ismene Speliotis, who previously served as New York director of Acorn Housing.

But Acorn isn’t the only left-wing beneficiary:

In 2011 alone, NeighborWorks shelled out $35 million in “affordable housing grants” to 115 such groups, according to its website. Recipients included the radical Affordable Housing Alliance, which pressures banks to make high-risk loans in low-income neighborhoods and which happens to be the former employer of HUD’s chief “fair housing” enforcer.

Bank of America gets “extra credit” if it makes at least $100 million in direct donations to IOLTA and housing activist groups approved by HUD. Who are these HUD-approved housing activist groups? Investors’ Business Daily identifies some of them:

• La Raza, which pressures banks to expand their credit box to qualify more low-income Latino immigrants for home loans;

• National Community Reinvestment Coalition, Washington’s most aggressive lobbyist for the disastrous Community Reinvestment Act;

• Neighborhood Assistance Corporation of America, whose director calls himself a “bank terrorist;”

• Operation Hope, a South Central Los Angeles group that’s pressuring banks to make “dignity mortgages” for deadbeats.

Coercing banks to provide “dignity mortgages” to people who are unlikely to pay them? That was a big part of how we found ourselves in the financial crisis.

Not only is Eric Holder not letting that crisis go to waste, he seems bent on generating a new one.

As Investors’ Business Daily concludes:

In effect, lenders are bankrolling the same parasites that bled them for the risky loans that caused the mortgage crisis. With new cash, they can ramp back up their shakedown campaign, repeating the cycle of dangerous political lending that wrecked the economy.

These settlements have little, if anything, to do with “justice” or restitution for innocent victims. In its 30-page “statement of facts,” Justice couldn’t provide a single shred of evidence of fraud against BofA. Nor could it ID a single “victim” by name.

The attorney general is actually perverting justice by extorting billions of dollars from the largest banks in the country and giving it away to the president’s political friends and favorite political causes.

We knew that, if elected, Barack Obama was going to spread the wealth around. We should have realized he would spread it to the left-wing “community organizing” world from which he sprang.

If he is forcing a bank to give money to his political friends, that seems like bribery.
I'm glad we have a free press to shine the light on this.

You ain't got shit, defector.

Typical Holder and Obama corruption. As long as people keep giving corruption a pass, it will continue. Why can't we demand honesty and integrity from our leaders?

Our whole government is corrupted and the people that protect them are constantly attacking the Constitution as just an old rag that doesn't mean anything today. The question should be, when will we take back our government.

Our whole government is corrupted and the people that protect them are constantly attacking the Constitution as just an old rag that doesn't mean anything today. The question should be, when will we take back our government. Originally Posted by The2Dogs

The constitution now has an on/off switch. When liberals need it, they turn it on. If it suits their purposes to ignore it, they turn it off. It is the perfect document for them - everything goes in their direction because of their abuse of it.

Imagine how this started (pay attention Deb). George Bush went to banks like BOA and "asked" them to intervene on behalf of the people holding Country Wide paper. Figured to spread the pain to save the institution and investors. This BOA did. They were patriotic. Now along comes the Chicago thug and his flunkies. They inform BOA that Countrywide did some illegal shit and since they bought into the stock that they are guilty as well. No charges will be filed (and no one will go to prison though they could) if BOA and the others admit the wrong doing and pay a penalty. This is maybe the worst kind of corruption and we should call it the Chicago Shakedown.

Thanks Billy-bob...






Thanks Barney-bobber...





Redistribution of worthless money should buy some votes...

The constitution now has an on/off switch. When liberals need it, they turn it on. If it suits their purposes to ignore it, they turn it off. It is the perfect document for them - everything goes in their direction because of their abuse of it. Originally Posted by Jewish Lawyer

And when the conservatives don't need it, they hide behind what?

You must not see very much in the world traveling your one-way street, IBHomo.

And when the conservatives don't need it, they hide behind what?

You must not see very much in the world traveling your one-way street, IBHomo. Originally Posted by Yssup Rider

And when the conservatives don't need it, they hide behind what?

You must not see very much in the world traveling your one-way street, IBHomo. Originally Posted by Yssup Rider

You've already told us you hate the "fucking" Constitution, AssupRidee, DEM, DOTY 2013-2014. Why do you care?

Imagine how this started (pay attention Deb). George Bush went to banks like BOA and "asked" them to intervene on behalf of the people holding Country Wide paper. Figured to spread the pain to save the institution and investors. This BOA did. They were patriotic. Now along comes the Chicago thug and his flunkies. They inform BOA that Countrywide did some illegal shit and since they bought into the stock that they are guilty as well. No charges will be filed (and no one will go to prison though they could) if BOA and the others admit the wrong doing and pay a penalty. This is maybe the worst kind of corruption and we should call it the Chicago Shakedown. Originally Posted by JD Barleycorn

Another post by Bush's butt boy he will defend anything he does, it is Obie's fault.

Another post by Bush's butt boy he will defend anything he does, it is Obie's fault. Originally Posted by i'va biggen

Do you mean DID? As in past tense. You do know ur'a vajayjay that Bush has been out of office for 6 fucking years?

You've already told us you hate the "fucking" Constitution, AssupRidee, DEM, DOTY 2013-2014. Why do you care?

Originally Posted by CuteOldGuy

Please provide a link to any post where I said I hated the fucking constitution?

You're a liar.

I never said I hated the fucking constitution. However, I have expressed my belief that it was NOT handed down by Jesus as so many of our less toothed posters believe and that it CAN and SHOULD be modified as needed to accommodate society.

You have a problem with freedom?

Thanks Billy-Bob

Thanks Barney-bobber...


Redistribution of worthless money should buy some votes... Originally Posted by IIFFOFRDB

Still the BIGGEST fuckin waterhead on this board.

are you sure you wouldn't rather be calling whookers names in the Spider Hole?

You shit on everything here with your banal, inane ejaculations.