BOA FRAUD SETTLEMENT

Discussion in 'The Howard Stern Show' started by booybob, Aug 29, 2014.

  1. booybob

    booybob Well-Known Member Banned User

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    This may be political but I think this is something that everyone from any party should be pissed off about.
    BOA settles for PENNIES on the dollar when you look at the total amount of money lost during the housing crash.
    the DOJ lets them settle any and all lawsuits INCLUDING FUTURE SUITS with the one time payment to the US DOJ
    What does the DOJ do with the money, pay down some debt, nope, spread the settlement out to all homeowners who got screwed, nope the decided to give the money to highly democratic BLACK City's and give some to POLITICAL ACTION GROUPS LIKE LA RAZA AND OTHERS.
    We are being trolled by this administration, right?

    DOJ To Give Money From Bank Of America Settlement To Liberal Activist Groups
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    20 hours ago
    Judicial Watch reports that the Department of Justice is giving liberal activist groups money from a $16.6 billion settlement with Bank of America.

    The groups benefitting from the lawsuit, according to Investor’s Business Daily, are the National Council of La Raza, Operation Hope, National Community Reinvestment Coalition, and Neighborhood Assistance Corporation of America. The money also went to “delinquent borrowers” in Chicago, Oakland, Detroit, Philadelphia, and other major “Democrat strongholds.”

    “This is a wealth redistribution scheme disguised as a lawsuit,” Tom Fitton, president of Judicial Watch, told The Daily Caller. “And who benefits from the distribution? Interest groups the administration relies on, outside interest groups, allies and politicians in communities trying to benefit as well.”

    Fitton noted that these liberal groups are basically what’s left of the Association of Community Organization for Reform Now (ACORN) network, and that President Barack Obama has ties to ACORN.

    “You have La Raza that’s getting money, their former head is at the White House in a top position whose funding from the Census has gone up immensely under the Obama administration,” Fitton said.

    La Raza, Operation Hope, National Community Reinvestment Coalition, and Neighborhood Assistance Corporation of America have all intimidated banks to give loans to minorities, even if they can’t afford to pay them back.

    This is part of an ongoing scheme in which the DOJ puts the money it has gotten from bank settlementsin a slush fund and then funneled the money to liberal groups. Judicial Watch points out that liberal groups — many of which are the same ones benefiting from this lawsuit — also received money from multi-billion settlements from JP Morgan Chase and Citibank, as well as a $335 million settlement from Countrywide Financial Corporation.

    “What we need is an honest Justice Department run by people who make a commitment to the rule of law rather using their power to extort and benefit more government and their political allies.” Fitton said. “This is no better than Tammany Hall.”
     
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  2. FishySausage

    FishySausage Original Nuttah VIP Gold

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    Doesn't really seem like an unbiased article.
    That being said, the govt is out of control with the way tax money is spent
     
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  3. NotMyBro

    NotMyBro VIP Extreme Gold

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    Corruption without bounds. Level of corruption is this country is higher than anywhere else in the world but it's largely ignored since we're so rich and people don't seem to care anymore and never protest.
     
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  4. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    [​IMG]
     
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  5. zhukov

    zhukov Time traveler Gold

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    I'm no longer surprised by anything the government does.
     
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  6. Divorce Chicken

    Divorce Chicken white punk on dope VIP

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    It's the Chicago way....
     
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  7. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    Mark Levin explained this really well yesterday on his show. The podcast (commercial free) can always be heard at:

    www.marklevinshow.com

    Every day is good, but he talked about this on the 8/28 show.
     
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  8. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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  9. yaddc

    yaddc Well-Known Member

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    Mark is 1 Grouchy guy.