Posted on 10/24/2016 8:12:09 AM PDT by detective
A new report from the Government Accountability Institute (GAI) concludes that the Obama administration’s Department of Justice has been extorting fines from major banks, which are then used to fund leftist groups that push the Democratic vote. The report notes that while community organizing groups have been using aggressive, “terrorist” tactics for decades to force banks to provide funding for their operations, the Obama administration has brought the power of the federal government to bear on their behalf.
Banks are threatened with lawsuits for racial discrimination based on the controversial “disparate impact” theory, and offered incentives to settle by paying left-wing groups directly, beyond the review or oversight of Congress.
(Excerpt) Read more at breitbart.com ...
Money was used to fund home loans that couldn’t be funded otherwise, with a restriction against renting meant to keep owners “in the lifestyle.” Also given a voter registration card.
Mind blowing to realize the enormity of the corruption currently being exposed.
Thanks. Very inspiring. Trump!
Of course, the banks must shift the costs back to their customers. We end up having banking perks eliminated, loan interest rates rise while savings interests tank. Remember when we got free checks, interest on regular checking accounts, free toasters and the interest on savings encouraged people to save. Today, customers must pay the banks.
They are talking about less than zero interest, which I think we will see if Hillary wins. The Fed will punish us if Trump wins so things are going to get interesting.
My! What a surprise!
In other words, business as usual for The Othugga Administration
This sort of regulatory control is how the Nazis and Fascists controlled business without the state actually owning the businesses, like the Communists. It is still Totalitarianism, just a slightly different type. We are very much on The Road to Serfdom, which is required reading, if you haven’t.
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