Third world minded grifters.
“It also requires Bank of America to make billions in new loans and to build affordable low-income rental housing. “
For all them “new arrivals”. You gotta hand it to the left. They know how to extort money with their trial lawyer friends to further their agenda.
Nothing but a crime syndicate.
BTTT
These community organizers forced banks to give loans to people that could not pay them back. Then when they did not pay them back the gov’t sues the banks.
The gov’t forced Bank of America to purchase Merrill Lynch and Countrywide. The CEO of Countrywide who had the right gov’t connections, did not face any punishment as far as I know of.
Africans bringing African-style corrupt government to America.
How multicultural.
“To Each Their Home”
Sucess stories from ACORN Housing Corporation
“First, they agreed on more flexible underwriting criteria that take into account the realities of lower income communities. For example, income measurements include less traditional income sources such as FOOD STAMPS, UNEMPLOYMENT, PART-TIME JOBS, NON-COURT ORDERED CHILD SUPPORT and FOSTER CARE PAYMENTS.”
(emphasis mine.)
http://capitalresearch.org/wp-content/uploads/2008/10/toeachtheirhome.pdf
As Holder says - he's a black man.
“At last, Elnora heard about the ACORN Housing Corporation and its lending partnerships. “Next thing I knew I was getting a loan from Citizens Mortgage and a GRANT FROM THE CITY FOR CLOSING COSTS,” Elnora recalled.
(emphasis mine.)
(pg. 15 of 17:
http://capitalresearch.org/wp-content/uploads/2008/10/toeachtheirhome.pdf
Just in time for the elections.
Corruption, thy middle name is Hussein.
Backdoor reparations.
There, fixed it.
I agree it is a slush fund for ACORN but it pales in comparison to the trillion dollars slush fund for big banks and insurances named TARP.
Turning the American middle class into indentured servants, one household at a time.
This serves BofA right.
It was one of the strongest banks during the lending industry collapse in 2008. It only took government bailouts because it was forced to, and it paid them back relatively quickly.
Now it’s under the gun for these egregious violations of Leftist norms.
I think the collapse in 2008, is going to look tame by the next one in 2020-22.
BOOKMARKED!!!
Do the Republicans do this crap too?
BTTT!
read more
http://www.judicialwatch.org/blog/2014/08/doj-give-leftist-groups-cut-b-settlement/
Other related threads:
Pigford Redo – Holder To Give Funds From DOJs 16 Billion Bank Of America Settlement To Radicals
http://www.freerepublic.com/focus/f-bloggers/3198156/posts
Holder’s Bank of America Heist Funds Left’s Community-Organizer Shock Troops
http://www.freerepublic.com/focus/f-news/3198122/posts