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Keyword: ncrc

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  • Attorney General Opens Investigation: Obama/Holder/Lynch $6 Bil. Cash-in on Taxpayers

    04/23/2018 6:05:48 AM PDT · by davikkm · 41 replies
    IWB ^ | Thinker
    Elder Patriot – Attorney General Jeff Sessions has finally announced an investigation into the use of federal money to fund radical leftwing advocacy groups. In making the announcement Sessions cited that at least six billion dollars was funneled into what was essentially a slush fund for Obama’s army of street activists. It’s almost a certainty that that amount is going grow significantly. The groups receiving the money included La Raza (now UnidosUS), NeighborWorks America, National Community Reinvestment Coalition, Operation Hope, Black Lives Matter, and a spin-off of Acorn The Mutual Housing Association of New York, among numerous other extremist groups....
  • Trump ends Obama’s “slush fund” policy of illegally diverting money to Obama’s favorite...

    06/11/2017 11:18:19 PM PDT · by grundle · 13 replies
    wordpress ^ | June 11, 2017 | Dan from Squirrel Hill
    Trump ends Obama’s “slush fund” policy of illegally diverting settlement money from actual victims to Obama’s favorite left wing groups that had no legal claim to the money While working as a “community organizer,” Barack Obama filed lawsuits which forced banks to give mortgages to people with bad credit and low incomes. As a result, many of these people ended up defaulting on their mortgages. As their attorney, Obama collected $23,000 in legal fees for himself. Then in April 2013, during Obama’s second term as President, the Washington Post reported that President Obama was still pressuring banks “to make home...
  • Civil rights complaint targets Wall Street rating firms

    12/07/2008 12:18:36 PM PST · by Docs Galore · 18 replies · 480+ views
    LA Times ^ | Nov 30, 2008 | Kenneth R. Harney
    In what is apparently the first legal action of its kind, an association of community-based organizations has filed a federal civil rights complaint against two of the three largest Wall Street rating firms, charging that their inflated ratings on subprime mortgage bonds disproportionately caused financial harm to African American and Latino home buyers across the country.
  • The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities [Didn't help the country much either]

    10/26/2008 5:24:51 PM PDT · by SJackson · 12 replies · 796+ views
    City Journal ^ | Oct 1, 2000 (yes, 2000) | Howard Husock
    The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation's banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups, intent, in some cases, on teaching their low-income clients that the financial system is their enemy and, implicitly, that government, rather than their...
  • What does a Community Organizer like ACORN have to do with Fannie and Freddie?

    09/07/2008 2:28:56 PM PDT · by frithguild · 13 replies · 1,090+ views
    self | September 7, 2008 | frithguild
    When I was young, jobs grown-ups had were doctors, plumbers, lawyers, dentists, stock brokers and so on. I had never heard of "Community Organizer" until this Presidential season. What is this job and how does it connect with important current issues? Today, the Department of the Treasury exerted a conservatorship over Fannie Mae and Freddie Mac at the cost of billions to taxpayers. The role of community organizers like ACORN and Barak Obama played in our present financial dislocations may be more direct and pervasive than what first meets the eye. The present subprime financial strains have as its genesis...