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Holder Shakes Down ´Racist´
Banks For Nearly $1 Bil

Investor´s Business Daily, by Editorial

Original Article

Posted By:pineledger, 1/16/2014 6:58:11 AM

War On Banks: Attorney General Eric Holder has opened up a new front against car lenders and has forged an alliance with the Consumer Financial Protection Bureau to frame them for racism, too. We don´t use the term "frame" capriciously, certainly not like Holder uses the charge of racism. His department and the president´s new consumer credit watchdog agency, CFPB, have announced a new settlement with Ally Bank for nearly $100 million. It´s the largest fair lending deal against the auto industry and the third-largest ever to resolve charges of lending discrimination. Throw in four new mortgage-lender settlements over equally

Comments:
Who needs a stacked deck when the cards are all identical?

      


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Reply 1 - Posted by: Country Boy, 1/16/2014 7:10:42 AM     (No. 9694017)

This is exactly how the Banking Crash of 2008 began. Attorney General Janet Reno started suing banks for not providing mortgages to poor credits (blacks). Called Community Reinvestment Act.

Dems just love destroying capitalism in the name of fairness.

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Reply 2 - Posted by: philsner, 1/16/2014 7:10:49 AM     (No. 9694018)

Holder is the newest "justice brother".

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Reply 3 - Posted by: nonsense, 1/16/2014 9:05:56 AM     (No. 9694158)

That´s why ValJar said that Eric the Red would not be stepping down, she needed him to frame small lenders, and garner money to employ more civil rights´ lawyers.

Overall, it sounds like a scam to destroy small lenders as a favor for their cronies, the Big Banks. By the way, where does the billion dollars go, into the pot to fund more corruption?

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Reply 4 - Posted by: Salt5792, 1/16/2014 9:43:14 AM     (No. 9694229)

The chairman of the CPFB was illegally appointed. Their actions are illegal.

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Reply 5 - Posted by: john56, 1/16/2014 9:44:22 AM     (No. 9694231)

He´s not shy about going after the little banks, either.

I have some friends who own a small town community bank. A couple years ago, a hoard of Holder´s goons swept down on them, looked at loan apps with a fine tooth comb and was able to extort about $75 large or so before they left town. My friends found it easier, like with mafia goons, to pay them to get them out of their hair.

But the regulatory mess continues and I believe that the family is about ready to sell their beloved family bank. They´ll do fine, because the bank is profitable and located in a very desirable part of the country.

The other day, I was told that one of those regulators -- federal goons, by the way, told the bank owners that they could afford to pay for the regulatory costs by ceasing to provide medical insurance coverage for their employees.

How´s that! On one hand, Dear Leader(US) and his minions are insisting that employers provide coverage and on the other hand, other minions are telling them to drop it.

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Reply 6 - Posted by: mickturn, 1/16/2014 10:02:44 AM     (No. 9694250)

Yea, it´s racist when someone without a job can´t buy a car...Really?

Holder needs to be put in PRISON for a variety of criminal acts.

Rememer Eric...there is NO statute of limitations for your actions...and your pal Obie won´t be there for much longer!

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Reply 7 - Posted by: caddyjak, 1/16/2014 10:42:37 AM     (No. 9694307)

12% of GM´s car payments are past due. Over 50% of car loans go to credit scores of less than 600. GM makes about 1.5% net profit and this goes to the unions. Toss a crook like Holder into this mess and disaster looms.

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Reply 8 - Posted by: hoosiergirl71, 1/16/2014 11:17:54 AM     (No. 9694349)

A crook is a crook is a crook is a crook etc.
Not an honest, patriotic cell in his body.

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Reply 9 - Posted by: pwb, 1/16/2014 11:19:54 AM     (No. 9694354)

He didn´t want Rev Jesse Jackson getting all the low hanging fruit. This extortionist thing looks profitable to him. To bad Jackson´s son did not realize that you have to go into a profession that you don´t have to fill out reports. A criminal will always be a criminal and Holder is one of the biggest.

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Reply 10 - Posted by: KarenJ1, 1/16/2014 12:40:33 PM     (No. 9694486)

Another day, another total outrage. Bear in mind that Congress has absolutely no control over the Consumer Financial Protection Bureau thanks to Dodd-Frank. George Will article describing this abomination: http://tinyurl.com/bmszrbo It´s all enough to make you go insane. Every day there is more proof that 0bama and Holder are the most racist and corrupt that this country have ever seen. What a tragedy that they rule the most powerful positions in the USA.

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