Posted on 05/11/2018 2:16:14 PM PDT by Liz
In his 2012 SOTU, Obama announced new measures to investigate illegal conduct surrounding the calamitous sub-prime mortgage crisis that devastated the US economy; a new Unit on Mortgage Origination and Securitization Abuses, to be chaired by Eric Schneiderman, the NYAG, a darling of the left, giving it immediate legitimacy in going after banks and resolving the sub-prime mortgage crisis.
SOURCE https://www.theatlantic.com/politics/archive/2012/01/state-union-live-first-excerpts/332708/
Schneiderman wasted no time. No sooner had he been named to lead Obama's mortgage abuse unit, Schneiderman fired his first shot, filing suit alleging that several major banks and a mortgage registration service engaged in fraudulent foreclosures.
FORBES REPORT---According to an exhaustive investigative report, a judiciary committee investigation launched in 2015 found that Obama's DOJ had engaged in a pattern or practice of systematically subverting Congress’ budget authority by using settlements from financial institutions to funnel money to what is described as “left-wing activist groups.”
The House Judiciary Committee held two hearings, in February 2015 and May 2015, to question DOJ officials regarding the settlement practices.
Both the House Judiciary and Financial Services committees also sent multiple oversight letters, including two to the DOJ, seeking documents and answers.
The probe by the two committees revealed that Obama's DOJ used mandatory donations to direct nearly $1 billion to leftist groups.The judiciary panel also requested the DOJ preserve all documents related to settlement practices.
“It is not every day Congressional investigations find a smoking gun,” Goodlatte said, pointing to the documents. “Here, we have it.”
The internal documents show that a deputy for former Associate AG Tony West -- who now serves as executive vice president of government affairs, general counsel and corporate secretary for PepsiCo Inc. -- asked colleagues about settlements in negotiation. West’s team also went out of its way to exclude conservative groups, internal DOJ documents show.
(Excerpt) Read more at forbes.com ...
JW Sues DOJ For Records on Obama Policy of Shaking Down Corporations to Fund Leftist Groups
thegatewaypundit ^ | Cristina Laila / FR Posted 6/12/17 by davikkm
Conservative watchdog group, Judicial Watch announced today that they have filed a FOIA lawsuit against the U.S. Department of Justice for records relating to an Obama administration policy of shaking down corporations to fund left-wing groups such as La Raza.
Barack Hussein Obama continued his community organizing as President because that is all he knows how to do. Steal money, shake down businesses, destroy and agitate. Obama’s main goals were to destroy capitalism and empower Islamic groups.
Via Judicial Watch:
Judicial Watch announced today that it has filed a Freedom of Information Act (FOIA) lawsuit against the U.S. Department of Justice for records relating to an Obama administration policy of settling agency lawsuits against corporate defendants by requiring that the corporations make “donations” to left-wing interest groups La Raza, the Urban League and the National Community Reinvestment Coalition. The lawsuit was filed in the U.S. District Court for the District of Columbia (Judicial Watch v. U.S. Department of Justice (No. 1:17-cv-01064)).
Judicial Watch filed the suit after the Justice Department failed to respond to its April 7, 2017, FOIA request seeking:
All records discussing the policy or practice of settling [Department of Justice] lawsuits against corporate defendants by requiring donations to La Raza, the Urban League or the National Community Reinvestment Coalition. The time frame of the request was identified as January 1, 2013 through January 20, 2017.
The investigation, announced in February by House Judiciary Committee Chairman Bob Goodlatte (R-VA), revealed that the Justice Department used the mandatory “donations” to direct nearly a billion dollars to liberal activist groups over the past two years. According to the investigation, “activist groups which stood to gain from mandatory donation provisions were involved in placing those provisions in the settlements.”
(Excerpt) Read more at thegatewaypundit.com ...
As the story unfolds about creepo Schneiderman, we learn:
<><> businessman Trump (then a Democrat) was the go-to guy for Dems wanting campaign contributions:
<><>the money-hungry beggars squeal bigtime on their opponents, other pols, (their own sex lives), to get bigger donations.
<><> S/derman hit Donald up and got $12,500, a nice piece of change; musta been pretty good squealing.
ITEM-—Trump has tweeted S/derman squealed damaging stuff about Obama, Cuomo, maybe Chuckie, maybe other Dems.
BOOM This explains why creepozoid S/derman filed 100 lawsuits against Donald. The craven creepo used Third World tactics to intimidate Donald. The lowlife S/derman like some tinpot dictator, employed the machinery of govt to prevent Donald from exposing S/derman’s stupidity in spilling damaging info about high-ranking Dems.
WHEN DO WE SEE A PERP WALK? I WANT PROSECUTIONS NOW!
I agree; though it won’t take weeks...more like an hour orf two.
Same here in Mobile AL.....al.com is almost as liberal, if not more so, then the NYSlimes and the WaPo!
It cannot remain unnoticed, the similarities between the arrogance of Anthony Weiner on TV for Multiple Years before he got popped for something—— and the Arrogance of Schneiderman filing over 100 lawsuits against the Trump Administration. The Louder they make themselves, the more attention drawn to their Leftist Scum _sses. Never change boys. Lol
I like it.
Good point......like the stupidity of Susan Rice memoing herself as she exited the WH.
To cover her sorry ***, she stupidly detailed the Obama wrongdoing, and confessed to numerous crimes.
(A) As a community organizer in Chicago, Obama sued banks for not giving mortgages to marginal people.....
those on disability were considered eligible according to Obama's cockeyed thinking.
(B) As president, Boobamba sued these same banks for burdening people w/ mortgages they could never hope to pay back.
EXCERPT---FOURTEEN TRILLION DOLLARS Behind The Real Size of the Bailout; A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street
SOURCE motherjones.com --- Mon Dec. 21, 2009 12:23 PM PST
The price tag for the Wall Street bailout is popularly put at $787 billion—---the actual size of TARP--the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets.
To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site. A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.
LONG READ---go to web site to read more and checkout the shocking financial charts.
SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout
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STROLL DOWN MEMORY LANE Soon as they occupied the WH, Obama and the Chi/cons (a) took control of the US Census; Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (including the conservative-suppressing IRS). Read on.
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THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.
When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09
More here: http://online.wsj.com/article/SB124113406528875137.html
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Pres Trump needs to to ask US Treasury officials what exactly Rahm Emanuel and Obama were doing there.
PAUSE TO REFLECT--- As taxpayers were being gulled by the TARP fraud, Obama had tight control of Treasury and spent trillions of tax dollars. Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on the US Treasury via COS Rahm Emanuel's dual role.
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