Tag Archives: Bank of America

Did Obama Loot the United States to Fund La Raza and other Leftist Political Street Groups? | Mar 03, 2017

GOP To Eliminate DOJ ‘Slush Fund’ Used By Obama Administration To Pay Left-Wing Activist Groups

– ConservativeDailyPost

“Before Eric Holder proved what we already knew, that government and law enforcement routinely engage in any number of illegal activities that would get most people reading this locked up for whole epochs of time, it was hoped that the Justice Department was at least somewhat honest (it isn’t). It was also hoped that maybe there were just a few bad apples, but it seems that the whole tree is rotten, all the way to it’s roots that prove to be Obama.

It has come to light that the Obama administration has supplied BILLIONS in capital to activist organizations – many of whom are violent – through what The Gateway Pundit calls “a Department of Justice slush fund scheme” according to who is sourced as “congressional investigators.”  The very illegal and highly immoral action(s) is being looked into by Republicans. Rep. John Ratcliffe, of Texas, said, ““It’s clear partisan politics played a role in the illicit actions that were made. The DOJ is the last place this should have occurred.

Facts unearthed by the House Judiciary Committee shows that money went to a very large number of often disruptive non-profit organizations (of which George Soros knows a great deal about) that are said to be involved in grassroots activism. It should be noted that much of the violence that president Donald Trump talked about and referenced while on the campaign trail, mockingly saying, “Hello, Bernie,” or “Hello, Mrs. Clinton,” as the protestors were escorted out, was nothing short of accurate. While this may seem like a rather small matter, this was billions of dollars spent on beating people, hurting people, and cheating people, in many instances. To those in emergency rooms getting stitches because Obama funded radicals, it was/is a VERY big deal.

Showing not only how Trump was a target, but also how the issues regarding corporations that he shared with Bernie Sanders was shared with good reason, Judicial Watch’s Tom Fitton said to Fox, “Advocates for big government and progressive power are using the Justice Department to extort money from corporations. It’s a shakedown. It’s corrupt, pure and simple.” Funding groups that actively work to undermine the very fabric of capitalism is not the role of the Department of Justice or of anyone therein.The other aspect, as reported by Fox News, “When big banks are sued by the government for discrimination or mortgage abuse, they can settle the cases by donating to third-party non-victims. The settlements do not specify how these third-party groups could use the windfall.” This means that there is an incentive to sue to get the money and incentive for cases to be churned out rapidly with what is all but predetermined outcomes. While the discrimination likely did not exist in the first place, it was cheaper to settle (the shakedown), and that money goes to causes and groups that often beat people for holding a pro-American viewpoint. It says that $3 billion has been found by investigators.”

…..Continue reading @ ConservativeDailyPost


Bank of America gets 2-for-1 deal in Justice Dept. settlement

– Washington Examiner | 2016

“Bank of America has been able to reduce a multi-billion dollar mortgage fraud penalty imposed by the Justice Department by giving millions of dollars to liberal groups approved by the Obama administration.

The bank has wiped about $194 million off its record $16.6 billion 2014 mortgage settlement by donating to nonprofits and legal groups. Thanks to little-known provisions in the settlement, the bank only had to make $84 million in donations to do that.

The bank wasn’t exploiting any loophole. It’s a key part of the deal the Justice Department offered to get it to settle in the first place. For every dollar the bank has given the nonprofits — none of which were victims of fraud themselves — it has claimed at least two dollars off the settlement. The deal ensured the Obama administration that a certain part of the settlement funds would go to friendly liberal groups, bypassing the normal congressional appropriations.

Among the groups receiving the money were Hispanic civil rights group the National Council of La Raza ($1.5 million), the National Urban League ($1.1 million) and the Neighborhood Assistance Corporation of America ($750,000).

Republicans have sharply criticized that part of the settlement as well as near-identical language in multi-billion settlements with Citigroup, Morgan Stanley and Goldman Sachs, arguing that the administration has created a “slush fund” for liberal groups. The settlement skirts federal law, which says that any revenue obtained by the government must go to the Treasury and cannot be redirected to third parties. The deals circumvented that by requiring the banks to make “voluntary” donations before they officially entered into the settlement.

“This is nothing short of a shakedown and another example of how the Obama administration is rigging the system to benefit their political allies. Instead of directing settlements directly to victims or returning the money to the U.S. Treasury, President Obama set up a slush fund for community organizers and other liberal activists. This is outrageous,” said Rep. Sean Duffy, R-Wis., chairman of the Financial Services Committee’s Oversight and Investigations Subcommittee.”

….Continue reading @ WashingtonExaminer




–  Lanterns.Buzz

The House Judiciary Committee is investigating claims that the Obama administration quietly gave billions of dollars to leftist organizations and politicians that promoted their liberal policies. It is believed that the administration’s goal was to win political elections at entry-level positions of government as well as promote progressive ideology, according to a report in The Wall Street Journal.

The RMBS connection:

The plan involves Residential Mortgage-Backed Securities Working Group (RMBS). The group is a collaboration between the Securities and Exchange Commission, the Department of Justice, the New York State Attorney General’s Office, and many others. After the mortgage-backed securities scandal that led to the Great Recession of 2008, the government created a safety net called the RMBS in 2012. The groups’ mission is supposed to be focused on finding:

“evidence of fraud, or misconduct by market participants such as loan originators, sponsors, underwriters, trustees, and others in the mortgage industry. However, over the past four years, the RMBS, with the help of the Obama Department of Justice, reached “multi-billion-dollar settlements with essentially every major bank in America,”

How did the department of Justice funneling mechanism work? Banks charged with discrimination or mortgage abuse by the government can settle cases by donating to third-party non-victims, as Fox News reports. Settlements, however, don’t have to specify how the third-party groups must use their money. This is a perfect way to move government funds to just about any person or group you want to benefit. So far investigators have found $3 billion dollars paid to “non-victim entities.”

….Continue reading @ Lantern.Buzz


– Youtube

“Asked by Senator Cory Gardner if Congress approved the US State Department to divert $500 million to the United Nation’s Green Climate Fund, Deputy Secretary Heather Higgenbottom says: “Did Congress authorize the Green Climate Fund? No. […] We’ve reviewed the authority and the process under which we can do it, and our lawyers and we have determined that we have the ability to do it, and I pledge to you and to other members we’d be happy to provide that legal analysis and the additional details.”

….More at: Youtube