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Holder's Justice Department bullying banks
American Thinker Blog ^ | July 9, 2011 | Thomas Lifson

Posted on 07/09/2011 11:25:11 AM PDT by jazusamo

A cadre of racialists bent on achieving social justice via reparations from banks to minority communities has been installed by Eric Holder in the Department of Justice. They are using legal bullying tactics to intimidate banks into once again loaning mortgage money to people who have no ability to pay it back. Banks have even been forced to post signs in the facilities informing customers that welfare payments can count as income to apply to mortgage applications.

In a stunning article from Investor's Business Daily, Paul Sperry lays out how the DoJ activists work, and how they think.

Most damning of all, the DoJ bullies hide their flimsy legal reasoning behind confidentiality agreements they include in out of court settlements

As part of settlement deals, prosecutors have required banks to sign "nondisclosure agreements" barring them from talking about the methods used to allege discrimination. Bank lawyers contend the prosecutors are trying to hide the shaky legal grounds on which the cases are built. "It's horrible what they're doing at the civil rights division," said Reginald Brown, a partner at Wilmer Hale in Washington, who has represented banks in connection to recent race-bias investigations. "They don't have any proof, just theories."

He added, "They want you to sign something saying you agree, under the condition of any settlement with them, that you won't disclose what their theories were. That's because their theories are loopy and wouldn't stand the light of day."

The activists are inventing new theories as to the guilt of those racist, establishment capitalist bankers.

For the first time, prosecutors are judging banks for the secondary impact their policies have on entire minority communities, not just households. And they're ordering reparations accordingly.

In announcing a recent $2 million settlement with Dallas-based PrimeLending, Civil Rights Division chief Tom Perez said, "We will require lenders to invest in the community that they've harmed."

There is a new cohort of racialists at Justice

...Perez has compared bankers to Klansmen. Only difference is, he said, bankers discriminate "with a smile" and "fine print." He said this kind of racism, though more subtle, is "every bit as destructive as the cross burned in a neighborhood."

He's appointed a special lending cop to run it - Special Counsel for Fair Lending Eric Halperin, who also worked for Reno. Before returning to Justice, Halperin was chief Washington lobbyist for the Center for Responsible Lending, an anti-redlining group that urged banks to relax lending standards for low-income urban borrowers before the crisis.

Perez has put in place an infrastructure to enforce "fair lending" - including a first-of-its-kind Fair Lending Unit staffed with more than 20 lawyers, economists and statisticians.

My favorite name, of the activists quoted, is Justice spokeswoman Xochitl Hinojosa, though.

Bankers are a cowardly lot when confronted by the power of the State. Nobody in a highly regulated busines wants the government publicly charging racism. A comparatively small group within the Civil Rights Division at the Justice Department has thus assumed the role of national bank regulators with the intent of favoring groups they support. It's a corruption of the legitimate role of government.


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: banking; doj; holder; loans; minorities; reparations
More injustice from the thugs Obama and Holder.
1 posted on 07/09/2011 11:25:24 AM PDT by jazusamo
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To: jazusamo

Pigford for banks.


2 posted on 07/09/2011 11:27:29 AM PDT by ilovesarah2012
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To: jazusamo
More injustice from the thugs Obama and Holder.

Don't be so hard on them. They're just looking out for their people.

3 posted on 07/09/2011 11:29:14 AM PDT by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: jazusamo

My wife handles audits for her local bank. The usual one to two week audit turned into a six week marathon this year with the auditor bent on finding some kind of discrimatory behavior.

The auditors are under orders to find anything they can.


4 posted on 07/09/2011 11:30:23 AM PDT by UB355 (Slower traffic keep right)
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To: jazusamo

5 posted on 07/09/2011 11:35:15 AM PDT by Diogenesis (Nothing surpasses the complexity of the human mind. - Leto II: Dar-es-Balat)
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To: UB355

Thanks. That sounds typical of this administration and the way they’ve blatantly ignored laws in regards to minorities versus non minorities, it’s also typical of Obama’s trait of getting even.


6 posted on 07/09/2011 11:36:26 AM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: Diogenesis

Good one! That’s perfect.


7 posted on 07/09/2011 11:38:03 AM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

Please bump the Freepathon or click above and donate or become a monthly donor!

8 posted on 07/09/2011 11:38:30 AM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

HolderIdiot had better do all the thuggery he can before Issa comes collecting his balls over Gunrunner..... =.=


9 posted on 07/09/2011 11:47:57 AM PDT by cranked
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To: jazusamo; HiJinx
These wouldn't be the same banks that caved to La Raza a decade ago and started taking the Mexican Matricula Consular as ID, would they? Even when people warned them it was illegal and immoral?

Reap whatcha sow.

10 posted on 07/09/2011 12:04:09 PM PDT by Regulator (Watch Out! Americans are on the March! America Forever, Mexico Never!)
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To: jazusamo
versus non minorities

What's a minority? A white Spaniard like Sr. Thomas Perez, the thug who's running this operation?

Under his theory of "race", the King of Spain is a victim minority.

Just a hustle, that's all. Bully the Anglos out of their money and country, prosecute them if they complain.

11 posted on 07/09/2011 12:06:41 PM PDT by Regulator (Watch Out! Americans are on the March! America Forever, Mexico Never!)
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To: jazusamo
"DoJ activists"

WTF? Activism aught to be restricted to the LEGISLATIVE branch, not the Executive.

'Activism' by Executive branch entities also has another name...TYRANNY (arbitrary or unrestrained exercise of power; despotic abuse of authority).
12 posted on 07/09/2011 12:10:03 PM PDT by rottndog (Be Prepared for what's coming AFTER America....)
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To: jazusamo
They are using legal bullying tactics to intimidate banks into once again loaning mortgage money to people who have no ability to pay it back.

Exactly what got us into to this mess to begin with. Just more of the same old **** from the commie 'RATS.

13 posted on 07/09/2011 12:12:53 PM PDT by FlingWingFlyer (When the going gets tough, the tough check themselves into "rehab".)
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To: rottndog
'Activism' by Executive branch entities also has another name...TYRANNY

Well said! The turkeys Obama has surrounded himself with as Secretary's and Czars are nothing more than activists for the most part. Of course Congress has let him get away with it and they've made a mockery of our Republic, it's past time to take it back.

14 posted on 07/09/2011 12:22:48 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo
Holder:
  1. To force racial preferences for blacks on an individual, an organization or society.
  2. To deny equal treatment to caucasions and other non-blacks on the basis of race.
  3. Eric Holder, the Father of Holderism, served as US Attorney General during the Second Dark Ages.

Holderite:

  1. One who subscribes to the notion that blacks are exempt from the normal rules, regulations and standards that apply to caucasions and other non-blacks.
  2. One who overtly discriminates for blacks and against non-blacks.

Holderism:

  1. A system of government that openly establishes and enforces a two tier sytem of governance based on race, racial preferences and racial discrimination wherein blacks are favored while caucasions and, to a lesser extent, other non-blacks, are discriminated against.

Holderist:

  1. One who practices Holderism.

Holdered (To be a victim of Holderism, as in "I was Holdered again"):

  1. To be discriminated against by the government and/or blacks because your race is other than black

Holderee:

  1. One who has been Holdered.


15 posted on 07/09/2011 12:40:34 PM PDT by Iron Munro (The more effeminate & debauched the people, the more they are fitted for a tyrannical government.)
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To: Iron Munro

That’s excellent and absolutely accurate.


16 posted on 07/09/2011 12:50:33 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

I’m waiting to see how this will be linked to the Islamic finance system they’re trying to push on us.


17 posted on 07/09/2011 12:57:13 PM PDT by thecodont
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To: jazusamo

“That sounds typical of this administration and the way they’ve blatantly ignored laws in regards to minorities versus non minorities, it’s also typical of Obama’s trait of getting even.”

And where is this nation’s “free press”? Noses up recti, where else?


18 posted on 07/09/2011 1:00:29 PM PDT by jivin gene (Breakin' up is hard to do)
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To: jazusamo

Bfl.


19 posted on 07/09/2011 1:07:49 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who wonÂ’t leave.)
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To: jivin gene

Yep, the enemedia is not at all interested in exposing RATS, whether racists or not.


20 posted on 07/09/2011 1:25:50 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: Iron Munro

I submit that Holderism is a subset of Mugabeism.


21 posted on 07/09/2011 1:45:53 PM PDT by Fred Hayek (FUBO, the No Talent Pop Star pResident.)
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To: Iron Munro

BTTT!


22 posted on 07/09/2011 1:47:41 PM PDT by BonnieBlue1810 (Actions make a constitutional conservative. Not words. Not electability. Not "ability to win.")
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To: jazusamo

bttt*


23 posted on 07/09/2011 1:58:11 PM PDT by Java4Jay
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To: jazusamo

The sooner holder is arrested, tried and convicted the better for our country.


24 posted on 07/09/2011 2:23:39 PM PDT by Scotsman will be Free (11C - Indirect fire, infantry - High angle hell - We will bring you, FIRE)
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To: Fred Hayek
I submit that Holderism is a subset of Mugabeism.

I agree - Holder is no different than Mugabe. He is just under more restraints, for now.

For that reason Holder and the Holderites just aren't as advanced as the Mugabeites and haven't reached the Mugabe level of lawlessness, criminality and brutality - yet.

But Holder is capable of it and working in that direction. He has reached the point he can no longer disguise his absolute hate for whites.

The only racial justice whites will find during this administration is what we can provide for ourselves.


25 posted on 07/09/2011 2:24:35 PM PDT by Iron Munro (The more effeminate & debauched the people, the more they are fitted for a tyrannical government.)
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To: jazusamo
Clinton DOJ redux. Deval Patrick ran this extortion racket from DOJ for Billy Clinton back in the 1990's and it sank a bunch of banks.

You are watching the nationalization of America's banking industry.

26 posted on 07/09/2011 2:31:09 PM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Regulator; jazusamo

Again?

What, they didn’t learn the first time around? /sarc.


27 posted on 07/09/2011 3:27:32 PM PDT by HiJinx (Old Cold Warrior)
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