Holder arranging political payoffs in bank settlements
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.
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.
This is absolutely blatant corruption and abuse of power to funnel money to political supporters in advance of a tough election. If you read further in the article it's clearly not the first time Holder has pulled this trick. I didn't report on it at the time, but my sources were showing large amounts of money being funneled to various fake-religious groups to "supply housing for unaccompanied minor illegal immigrant children". Billions of dollars in money being almost literally thrown at shady characters operating under false pretenses. And when they run out of public money they start extorting it from private businesses.
This makes me so furious I hardly know how to express it.
This entry was published Fri Aug 29 15:44:34 CDT 2014 by TriggerFinger
and last updated 2014-08-29 04:03:40.0.