Holder’s Justice Dept Uses Bank Settlements to Fund Democrat Nonprofits

Wow! Quite a list.

There is so much more. Peruse the titles and you will understand what is going on FRiend.

HSBC’s activities in Saudi Arabia were brought into question in the report, specifically referencing banking with Al Rajhi Bank. The investigation claims the Saudi bank has links to financing terrorism based on evidence gathered after the September 11 attacks.
http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214?page=2

10/2012-HSBC to Pay $1.92 Billion to Settle Charges of Money Laundering
http://dealbook.nytimes.com/2012/12/10/hsbc-said-to-near-1-9-billion-settlement-over-money-laundering/?_php=true&_type=blogs&_r=0

Information collated by investigators suggests one of Al Rajhi’s founders was an “early financial benefactor of al-Qaeda.”
http://www.businessinsider.com/hsbc-ties-to-al-rajhi-bank-2012-7

HSBC was an opium bank since the 18th Century.

“The Hong Kong and Shanghai Banking Corporation was founded by Scotsman Sir Thomas Sutherland in the then British colony of Hong Kong on 3 March 1865, and in Shanghai one month later, benefiting from the start of trading into China, including opium trading. In 1980, HSBC acquired a 51% shareholding in US-based Marine Midland Bank, which it extended to full ownership in 1987.”

The Second Opium War ended the Qing dynasty and the banksters then had their way with the place.
http://en.wikipedia.org/wiki/Hsbc

ILLEGAL OBAMA DONORS: MIDDLE EASTERN ARABS 08/04/2008
Gazan brothers’ illicit contributions listed in government campaign filings
http://www.wnd.com/2008/08/71431/#u3J1m8mt0dpAUqjW.99

Obama’s Foreign Donors: The media averts its eyes -2008
By Pamela Geller
http://www.americanthinker.com/2008/08/obamas_donor_contributions_sil.html

2009-U.S. Bank Bailout, Tax Payers Fund a Total of $11.6 Trillion
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZchK__XUF84

2010-Mexican Drug Cartel Laundered Millions Via Bank Of America Into U.S. Horse Racing (Wells Fargo, Wachovia, Bank of America)
Wachovia alone admitted $378.4 billion for Mexican cartels from 2004 to 2007.
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html

British Bank HSBC US Influence Payment
CAMPAIGN Donations $3,150,230
LOBBYING $47,308,573
http://influenceexplorer.com/organization/hsbc-north-america/3c3f0a2212224ab38161e5c7abbb9fbe

5/2012-HSBC Mexican Drug Money in Obama’s 2008 Campaign?
http://larouchepac.com/node/22702

2010-Mexican Drug Cartel Laundered Millions Via Bank Of America Into U.S. Horse Racing (Wells Fargo, Wachovia, Bank of America)

Real illicit drug revenue to criminal cartels must be much higher since Wachovia Bank alone admitted $378.4 billion for Mexican cartels in 3 years.
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html

10/2012-HSBC to Pay $1.92 Billion to Settle Charges of Money Laundering
http://dealbook.nytimes.com/2012/12/10/hsbc-said-to-near-1-9-billion-settlement-over-money-laundering/?_php=true&_type=blogs&_r=0

2012-Obama Administration Official, Bob Werner, Hired by HSBC
http://www.us.hsbc.com/1/2/home/about/press-room/2012/news_12102012_werner_appointment

10/21012-HSBC Picks Up Another Obama Administration Official, Preeta Bansal.
http://www.americanbanker.com/people/hsbc-picks-up-another-obama-administration-official-1053825-1.html

2013-Meet Federal Employees David S. Cohen of Treasury and Stuart Levey of HSBC – Or Is It the Other Way Around?
http://alternativebanking.nycga.net/2013/03/09/meet-david-s-cohen-of-treasury-and-stuart-levey-of-hsbc-or-is-it-the-other-way-around/

10/2012-HSBC to Pay $1.92 Billion to Settle Charges of Money Laundering
http://dealbook.nytimes.com/2012/12/10/hsbc-said-to-near-1-9-billion-settlement-over-money-laundering/?_php=true&_type=blogs&_r=0

09/2013- Obama, Holder let another big bank off the hook
http://www.msnbc.com/msnbc/obama-holder-let-another-big-bank-the-ho

1/2014-HSBC Launders DRUG MONEY. Pays Fine Using Bailout Money!
http://investmentwatchblog.com/hsbc-launders-drug-money-pays-fine-using-bailout-money/#7RQyhMdBDirjcs9m.99

2010-Mexican Drug Cartel Laundered Millions Via Bank Of America Into U.S. Horse Racing (Wells Fargo, Wachovia, Bank of America)
Wachovia alone admitted $378.4 billion for Mexican cartels from 2004 to 2007.
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html

No doubt Holder must be removed. But that appears at this time unlikely.

Our media is controlled. Think about the fact the Fidelity manages over $5 TRILLION is assets, and they are a private company. David Rockefeller, from the family that gave us Planned Parenthood, is in charge of our Shadow Government via CFR and the Tri Lateral Comission. We are not free. It is a farce. We need to clean house, and get rid of the evil that has been around for a lonf time.

We should thank Obama for making it painfully obvious that we are living a lie. Christians know who wins this war. Pray for our country, and our kids. They don't stand a chance these days. Heroin is cheaper and easier to get than beer, and "Just Say No, has turned into, Legalize it, It is Medicinal".

It's all about the Benjamins.

Richard Grasso head of NY Stock Exchange Meets with Farc Leader On June 26, 1999 Reuters reported that Grasso met with Colombian rebels, the FARC, in an article entitled "NYSE Chief Meets Top Colombia Rebel Leader".

Then entire admin and every head of department, their assistants and senior management needs to be behind bars.

I’ve been saying that for a long time

Big Brother and the Holder Company.

Holder’s 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 Obama’s Organizing for America wasn’t on the list.

He's a loser...

Witness the twisted deranged progressive mind at work. As a community organizer, Obozo sued banks to give out mtges to societal leeches ----food stamps and SSI were considered "income." Now, as president, he's sued the same banks for "predator lending"---b/c they burdened the leeches with mtges they couldn't possibly pay off. Taxpayers got stuck w/ the bills.

===============================================

THE OBOZO/HOLDER COVER-UP---Where are the bank's lawyers? Why aren't they looking into falsified mtges, conniving and scheming---facilitated by a Congressional committee? --massive mtge fraud perpetrated by the Congressional Hispanic Caucus

SUB-PRIME MORTGAGE SCAMS--MASSIVE LATINO MORTGAGE FRAUD ON CAPITOL HILL:

The Congressional Hispanic Institute, Inc, is an entity organized by Cong Joe Baca (D-Cali) in his capacity as head of the Congressional Hispanic Caucus.

Cong Baca created "HOGAR" (Spanish for home) in 2003 to work with the mortgage industry, F/M, lenders, banks and latino community groups to increase mortgage lending to what savvy observers consider to be unqualified Latinos.

"HOGAR" colluded w/ Cong Baca in what was to become a massive bilking of taxpayers. Cong Baca calculatedly hyped the fact that the national Latino homeownership rate was 47%, compared with 68% for the overall population.

HOGAR was coached to call the figure "alarming," and to say "a concerted effort was required to ensure that by the end of the decade Latinos will share equally in the American Dream of home ownership."

HOGAR and Cong Baca conned the public, failing to note that most of the "dreamers" were illegals, citizens of Third World countries who had violated US borders.

Predictably, HOGAR colluded w/ co-conspirators which included:

(a) shaky mortgage companies that ran into big trouble;

(b) Fannie Mae and Freddie Mac, both now under federal control after billions in taxpayer bailouts;

(c) Countrywide Financial Corp., sold to Bank of America Corp;

(d) Washington Mutual Inc., taken over by the US government and sold to J.P. Morgan Chase & Co.; and,

(e) New Century Financial Corp. and Ameriquest Mortgage Corp, both now defunct, killed by defaulted subprime Latino mortgages.

HOGAR's ties to the subprime mortgage industry were substantial. Bribery and self-dealing were rampant:

<><> Companies that donated $150,000 to Cong Baca got the right to have their own research fellow who would conduct fraudulent studies, which were cunningly used by industry lobbyists to pump lending.

<><> Bribery and extortion in the form of $100,000 annual donations to Cong Baca, for which HOGAR provided phony news releases from Cong Baca's Hispanic Caucus promoting a lender's commercial products to the Latino market,

<><> The most shocking example of bribery well- substantitated by Hogar's literature..... HOGAR announced it worked with Freddie Mac on a self-serving two-year examination of Latino homeownership in 63 congressional districts.

The "study" found Hispanic ownership on the rise thanks to "new flexible mortgage loan products" that the industry was adopting at the urging of Cong Baca's collusive coterie.

<><> HOGAR conned lenders into even more lenient down-payment and underwriting standards.

<><> As the subprime debacle unfolded, HOGAR declined repeated requests for comment despite the economic havoc their activities precipitated.

The mortgage schemes demonstrated the criminal activities of border violators with multiple identities---perhaps violent, terrorist-connected foreigners---colluding and conspiring to defraud private companies and public entities. And mortgage racketeering enterprises which employed sub rosa finance and business practices to carry out deceptions and frauds.

The alleged ring of swindlers---a Congresman, individuals with multiple identities, banks, insurance companies, mortgage brokers--might be charged with cheating the US govt, taxpayers and bank share holders out of hundreds of millions of dollars via an elaborate web of mortgage and bank frauds.

The mortgage Dreamers used multiple phony identities, fraudulent Social Security numbers, purchased from identity forgers in order to obtain govt-subsidized benefits.

L/E will find that individuals with multiple identities obtained fraudulent mortgages then flipped the houses at ever-higher prices to family member who then absconded to foreign countries, sticking banks (and taxpayers) with hundreds of millions in fraudulent mortgages.

BACKGROUND A Wall Street Journal investigative report related that, according to the Federal Financial Institutions Examination Council examination of the borrowing spree, uncovered financial schemes by low-income housing groups, Hispanic lawmakers, a congressional Hispanic housing initiative, mortgage lenders and brokers, all colluding in fraduent schemes to increase homeownership among Latinos with forged documents which enabled massive fraud.

This was not simply the mortgage market at work. It was fueled by avarice, greed, and Congressional enabling fraudulent /practices. In 2005 alone, mortgages to Hispanics jumped by 29%; Latinos with multiple fraudulent identities in low-paying jobs obtained subprime mortgages for prime properties---soaring to 169%.

(Research provided by Wall Street Journal. Some material excerpted from the NY Times).

Powerline | 8-28-14 / FR Posted by afraidfortherepublic---- Radical Democrat activist groups stand to collect millions from Attorney General Eric Holder’s record $17 billion deal to settle alleged mortgage abuse charges against Bank of America, Investors’ Business Daily reports:

Buried in the fine print of the deal, which includes $7 billion in soft-dollar consumer relief, are a raft of political payoffs to Obama constituency groups. In effect, the government has ordered the nation’s largest bank to create a massive slush fund for Democrat special interests.

The deal requires billions of dollars in debt forgiveness payments to delinquent borrowers. It also requires Bank of America to make billions in new loans and to build affordable low-income rental housing. The remaining money will go to a slush fund for leftists:

If there are leftover funds in four years, the settlement stipulates the money will go to Interest on Lawyers’ Trust Account (IOLTA), which provides legal aid for the poor and supports left-wing causes, and NeighborWorks of America, which provides affordable housing and funds a national network of left-wing community organizers operating in the mold of Acorn.

NeighborWorks of America has been a major supporter of ACORN, the left’s most favored radicals. According to Investors’ Business Daily, in 2008 and 2009 NeighborWorks awarded a whopping $25 million to Acorn Housing.

Moreover, an Acorn Housing spinoff is directly eligible for BofA slush funds. It’s an outfit called Mutual Housing Association of New York. HUD lists its contact person as Ismene Speliotis, who previously served as New York director of Acorn Housing. But Acorn isn’t the only left-wing beneficiary:

In 2011 alone, NeighborWorks shelled out $35 million in “affordable housing grants” to 115 such groups, according to its website. Recipients included the radical Affordable Housing Alliance, which pressures banks to make high-risk loans in low-income neighborhoods and which happens to be the former employer of HUD’s chief “fair housing” enforcer.

BofA Bank gets “extra credit” if it makes at least $100 million in direct donations to IOLTA and housing activist groups approved by HUD.....now headed by Obama appointee Julian Castro whose mother is a virulent La Raza activist. Who are these HUD-approved housing activist groups? Investors’ Business Daily identifies some of them:

• La Raza, which pressures banks to expand their credit box to qualify more low-income Latino immigrants for home loans (received Congressional earmarks for "mortgage counseling");

• National Community Reinvestment Coalition, Washington’s most aggressive lobbyist for the disastrous Community Reinvestment Act;

• Neighborhood Assistance Corporation of America, whose director calls himself a “bank terrorist;”

• Operation Hope, a South Central Los Angeles group that’s pressuring banks to make “dignity mortgages” for deadbeats.

Coercing banks to provide “dignity mortgages” to people who are unlikely to pay them? That was a big part of how we found ourselves in the financial crisis. Not only is Eric Holder not letting that crisis go to waste, he seems bent on generating a new one. As Investors’ Business Daily concludes:

In effect, lenders are bankrolling the same parasites that bled them for the risky loans that caused the mortgage crisis. With new cash, they can ramp back up their shakedown campaign, repeating the cycle of dangerous political lending that wrecked the economy.

These settlements have little, if anything, to do with “justice” or restitution for innocent victims. In its 30-page “statement of facts,” Justice couldn’t provide a single shred of evidence of fraud against BofA. Nor could it ID a single “victim” by name.

The attorney general is actually perverting justice by extorting billions of dollars from the largest banks in the country and giving it away to the president’s political friends and favorite political causes. We knew that, if elected, Barack Obama was going to spread the wealth around. We should have realized he would spread it to the left-wing “community organizing” world from which he sprang.

==================================================

Did Holder and/or the aforementioned groups falsify official government records?

Falsifying Government Documents involves altering, changing, or modifying a document for the purpose of deception.......can also involve forgery and/or passing copies of false documents. Falsifying documents is usually done in connection with broader criminal aims, such as extortion, government fraud, tax evasion, money laundering, financing terrorism........

Types of documents commonly falsified may include:
◾Tax returns and income statements
◾Personal checks
◾Bank account records
◾Business record keeping books
◾Immigration documents (such as visas, passports, etc.)
◾Identification cards and birth certificates

Many different types of acts can be considered as falsifying a document, including:
◾Altering or misrepresenting factual information such as prices or monetary amounts
◾Stating false information when requested to provide truthful statements
◾Forging a signature
◾Using official letterheads without authorization
◾Concealing assets or property WRT obtaining federal/state grants))
◾Knowingly using or distributing a fake document

A person can only be held criminally liable if they are deliberately acting with the intention of deceiving or defrauding another party.

Falsifying documents is a very serious offense and is generally classified as a felony. This means that a person charged with falsifying documents may be subject to the following legal penalties:
◾Having to pay a monetary fine
◾Incarceration in a prison facility

Depending on the gravity of the offense, as well as individual state laws, falsifying documents can result in a prison sentence of 5-10 years. Also, if government documents or authorities were involved, the legal penalties may be more severe. ..... legal penalties may increase with repeat offenses.

The penalty for falsifying government documents is outlined in the Crimes Act of 1958.