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Holder Cut Left-Wing Groups
In On $17 Bil BofA Deal

Investor´s Business Daily, by Editorial

Original Article

Posted By:PageTurner, 8/29/2014 11:59:25 PM

Extortion: 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. Besides requiring billions in debt forgiveness payments to delinquent borrowers in Cleveland, Atlanta, Philadelphia, Oakland, Detroit, Chicago and other Democrat strongholds — and up to $500 million to

Comments:
Nothing but a shakedown. Sickening.

      


Post Reply  

Reply 1 - Posted by: Peach1, 8/30/2014 12:22:16 AM     (No. 9986742)

Is this not an impeachable offense?

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Reply 2 - Posted by: Heil Liberals, 8/30/2014 12:42:53 AM     (No. 9986759)

So, the bailout money was really a front to extort taxpayer money, launder it through the banks, then back channel it through the federal government in the guise of fines. And BofA doesn´t crap a squealing worm over being relieved of $17 billion?

This doesn´t ever pass the smell test. It´s Fascism in its rawest form. And more than half of the people of the United States of America willingly voted for it... twice.

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Reply 3 - Posted by: Spidey, 8/30/2014 1:46:02 AM     (No. 9986801)

Countrywide was one of the worst subprime offenders in this country and I think Hank Paulson rammed them down BoA´s throat.So of course they bear the brunt of the type loans Holder sued over.


Banks were in a lose/lose situation with lofo loans.Don´t make them and you´re guilty of discrimination. Make them and then claim the borrowers were suckered into the loan. Pure raw financial ignorance was a culprit with people ignoring what their payment would be after the rate reset.

Holder is going to use even more fine money to finance minorities into decent white neighborhoods and then stop whites from moving away by blocking their homes loans through Dodd/Frank.

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Reply 4 - Posted by: Country Boy, 8/30/2014 3:36:57 AM     (No. 9986820)

I´m with #3.

Google "Janet Reno sues banks", gets 288,000 hits. She forced these banks to make the bad loans.

As for BOA not complaining, kind of like a battered wife. Nobody gonna believe her, not even the cops. They´re in on it too.

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Reply 5 - Posted by: Philipsonh, 8/30/2014 5:16:11 AM     (No. 9986851)

On another note, B of A made every attempt to back out of the deal to purchase Merrill lynch, whose figures were mysteriously far worse than presented when the deal was initially made, and the U.S. Government coerced them to go through with the arrangement. Why doesn´t B of A sue the Government for THOSE losses? Blackmail is Blackmail. All major corporate buy-outs have an escape clause that kicks in if the figures presented to the buyer are invalid, and that is exactly what B of A found out ML´s were. Far larger losses than were first
known and found out PRIOR to the deal being consumated. The Treasury forced B of A to complete the buy out at great detriment to B of A.

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Reply 6 - Posted by: Malia2012, 8/30/2014 6:35:50 AM     (No. 9986871)

Billions in fines (extortion) for "mortgage abuse charges" is nothing more than the new definition of reparations, and who better to run it than the two most racially-devisive-militants in the world? They don´t even need "activist" groups to collect, they have the A.G. of the United States and his "boss". The good news is November is coming!!

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