Skip to comments.Holder’s Justice Dept Uses Bank Settlements to Fund Democrat Nonprofits
Posted on 08/30/2014 12:29:28 PM PDT by Kaslin
Once again, our Chicago-style Attorney General has proven that corruption is the basic foundation upon which the modern Democrat Party is built. Eric Holder, the nations top extortionist officer, has been running around the financial sector suing banks for anything (and everything) he can get away with. Ally Bank paid millions for alleged racist lending practices (an allegation the DOJ made without ever looking at loan portfolios), JP Morgan has shelled out billions for various
anti-Obama comments regulatory infractions, and Bank of America just paid a $16.6 billion fine for their government-mandated role in the financial crises of 2008.
Aside from the fact that these onerous fines have not been coupled with any sort of actual criminal charges against any bank executives (I guess evidence of wrong doing is required for those pesky criminal cases), the DOJs handling of the fines is now raising even more serious questions. Apparently, Eric Fast and Furious Holder has been using the record breaking settlements to shore up the war chests of Progressive, Liberal, and Democrat non-profit organizations.
Social Justice, to our Department of Justice, means using the power of Americas top enforcement agency to bankroll the groups that help put Democrats in power. According to Judicial Watch, Holders so-called Justice Department has been redistributing these record breaking settlements to groups like La Raza, ACORN (remember that cute group that was ousted as a Democrat voter fraud machine?), and Operation Hope… Oh, and not that it really matters, but none of these groups were connected to the lawsuits that led to the record-breaking settlements. Heck, I was shocked to see that Obamas Organizing for America wasnt on the list.
Eric Holders penchant for extorting billions from banks would make Al Capone rethink his career as a bootlegger. It turns out, being an activist AG is far more profitable than selling prohibited substances, trafficking arms (although theres apparently no reason not to do both), or orchestrating St Valentines Day parties.
Threatening everything from lengthy investigations to criminal charges, Holder has managed to squeeze over $16.6 billion dollars from Bank of America. But, really, thats just the tip of the iceberg. In recent years, Holder has been accelerating his feverish attempt to hold faceless corporations responsible for allegations that may, or may not, have any roots to reality. So, why do banks pay? Well, for Bank of America, HSBC, JP Morgan, or Ally, its a whole lot easier to agree to a fine than fight the worlds most deep-pocketed plaintiff (the DOJ).
A portion of all those funds were supposed to be redistributed to groups that had been adversely impacted by whatever vague actions were allegedly taken by those evil (read: wealthy) corporations. So… Did you get a check from the DOJ for your under-water mortgage from Bank of America? Yeah, most people didnt. You better go check with your local Democrat-friendly non-profit; because its pretty likely a check was sent to them for your suffering. (You can recognize the Democrat friendly non-profits pretty easily: Theyre the ones that arent getting audited by the IRS.)
Of course, this is probably a godsend to those Liberal advocacy groups that would otherwise have to depend on donations from the general public. I mean, who needs to actually prove your worth to a community, when you have your very own Attorney General redistributing protection money to your cause?
Eric Holder, the self-admitted activist Attorney General, has repeatedly proven that there is no depths to which he will not slouch, if given a pass by the main stream media. Refusing to investigate the IRS scandal, running guns to Mexico (while simultaneously fighting for stronger American gun laws), choking out certain industries, and specifically targeting politically-dissenting journalists, was apparently just the beginning of Holders venture into government-sanctioned corruption. Now acting as a supplemental slush fund for progressive causes (with the cash of questionably targeted financial institutions), our Extortionist AG is proving that it pays to be in bed with the guys who call the shots.
In Al Capones time, we called those guys a part of La Cosa Nostra. Today, we call it Obamas Democrat Party.
We need hearings!
Impeach the corrupt bastard!!
So he dispels with laws he disagrees with and makes up other rules he feels are in his best interest.
Could you have a better description of lawlessness?
First you need a group who has the balls to bring these guys to justice, dont look to the panzy GOP
Is there no legal way to stop this?
Either this is hyperbole OR it is an illegal distribution of funds that belong to the taxpayers.
If the former, ignore it. If the latter, let’s get a court order and get a cease and desist.
.... And uses the IRS to De-Fund Conservative Nonprofits. I'm not sayin' that we have a biased, racist, prejudiced administration ..... But we definitely have a biased, racist, prejudiced administration.
Before Obama, Holder’s kickbacks to “community organizers” (not extremist, anti-American hate groups) would have been seen as improper and unethical, if not flatly illegal.
But that was then and this is now. These crooks do anything they think can get away with, and they get away with it all.
No Sly, that pretty much sums up our situation.
You got that right
A perfect example of how a fiat currency and central bank set the stage for all kinds of political corruption.
An administration even more corrupt than Clinton’s.
“Holder has been using the record breaking settlements to shore up the war chests of Progressive, Liberal, and Democrat non-profit organizations.”
What mechanism or legal pretense has he used to make these payments. I understand where the money is coming from but how are these groups getting it if they had no part in the litigation?
The media is controlled and we are NOT free.
Clinton did some similar things but I’d be willing to bet that Obama & Holder have surpassed even Bill Clinton. Of course it isn’t a scandal unless the media decides it’s a scandal, which isn’t going to happen when it is a Democrat doing it. Holder may have picked up pointers from Jesse Jackson on how to do shakedowns.
This should surprise no one. Obama’s FedGov has become a corrupt enterprise that pays off sleazy donors 1,000:1 in return for more campaign donations.
You voted for this, America. Twice.
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