The 0bama/Holder Injustice Department is a criminal enterprise.
So the kakistocrats are now shaking down the banksters?
Ally Bank used to be GMAC. The Government got their money when they took over GMAC. So don’t understand what they are talking about.
Ally Bank used to be GMAC. The Government got their money when they took over GMAC. So don’t understand what they are talking about.
Banks are in the business of making profits. They do not give a damn if you are white, black, brown, yellow or covered in pink polka dots. The only thing they are concerned with is can you make the payment on the loan.
This is just a “shake down, by the “Department of Injustice.”
If I owned a bank and my employees denied a credit worthy loan on the basis of color, I would fire them immediately. I would fire them for two reasons. Firstly, that would be illegal. Secondly, if they denied a credit worthy individual a loan based on color they have just cost my bank profit on the credit worthy loan and a a result have lowered my bonus based on profits of the bank.
The only color that banks know is the color of green dollar bills. They do not care who brings it to them
Right now jesse jerkson is jumping up and down screaming that blankity blank stole my gig
US ‘robs’ $13B from venerable bank / By Mark DeCambre, Oct 19, 2013
JPMorgan Chase has tentatively agreed to pay (Holder's) Dept of Justice a record $13 billion settlement to resolve several civil probes — a costly deal that still doesn’t protect the bank against additional criminal prosecutions.
“This is a basic and fundamental attack on capitalism,” declared Dick Bove, an influential bank analyst at Rafferty Capital. “It is possible that the government is taking away the property of the JPMorgan shareholders without the shareholders having committed any crime or having any say in the expropriation of these funds.” The deal also includes an undisclosed sum to settle a civil suit brought by NY state AG.
Under the settlement, JPMorgan must continue to cooperate with federal investigators probing the banking giant’s issuance of mortgage-backed securities from 2005 to 2007, according to sources.
Still to be ironed out are how to resolve that criminal investigation, along with the wording of any admissions of culpability the feds might require.
The general terms of the settlement deal were forged Friday in a phone conversation between Attorney General Eric Holder and JPMorgan CEO Jamie Dimon, The WSJ reported.
Analysts called the settlement a raw deal given that, by JPMorgan’s own estimate, some 80 percent of its mortgage-backed securities had been acquired at the request of the Obama-led government, when it bought Bear Stearns and Washington Mutual in 2008. “Ultimately, the earnings power of banks is being force-regulated out the (SEC), by the Department of Justice,” Kass added.
The settlement sum includes $4 billion that JPMorgan agreed this month to pay the Federal Housing Finance Agency to resolve allegations that the bank misled mortgage-finance companies Fannie Mae and Freddie Mac about the quality of loans it sold them prior to the 2008 financial crisis, the Journal reported.
SOURCE http://nypost.com/2013/10/19/jpmorgan-in-tentative-13b-deal-with-us-justice-dept/
More below.
Yes, it is.
Time for me to start a auto repo company.
At least until Obama allows car payments on EBT cards.
DIDN’T EVEN LOOK AT THE CREDIT SCORES TO DETERMINE THERE WAS DISCRIMINATION.
I did a credit app on a black man this weekend seeking to buy a car.......................100k in immediate child support in arrears.....an open bankruptcy unresolved and he had not one penny for down payment
He took a punch at me when I told him no bank could finance him
and of course, he wanted a 48k SUV