Pigford Redo – Eric Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America To Radical Leftist Groups…

jarret - malone - Holder(Via Judicial Watch)  The Department of Justice (DOJ) keeps giving radical leftist groups that support President Obama huge amounts of cash collected from big banks to settle discrimination and mortgage abuse lawsuits filed by the government.

Judicial Watch first reported the scheme two years ago when Countrywide Financial Corporation doled out $335 million to settle its discrimination lawsuit with the feds. The money was supposed to be distributed to more than 200,000 minority victims who supposedly were charged higher interest rates and fees than white borrowers based on their race not their credit. Instead, a chunk of the money went to Democrat-tied groups not connected to the lawsuit, including the scandal-plagued Association of Community Organizations for Reform Now (ACORN) and the open-borders National Council of La Raza (NCLR).

Now many of the same groups will get more money from a record $16.65 billion settlement with Bank of America. It’s a “historic resolution,” according to Attorney General Eric Holder, and the money will help make amends to borrowers and communities that were negatively affected by the bank’s conduct. Besides settling civil penalties at the state and federal level, the billions will bring relief to struggling homeowners and communities by, among other things, offering new loans and providing financing for affordable rental housing. Delinquent borrowers in Democrat strongholds like Chicago, Oakland and Detroit will also benefit from debt forgiveness.

Leftover funds will go to politically-connected community groups—like the NCLR, Operation Hope and National Community Reinvestment Coalition—that intimidate banks into qualifying more minorities for home loans, even if they really can’t afford it. This part of the deal is conveniently buried in the 37-page DOJ agreement, but a publication dedicated to covering business, finance and economics draws attention to it in a scathing editorial that refers to the arrangement as extortion.  (read more)

Ever wonder why socialists dont redistribute their own wealth

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23 Responses to Pigford Redo – Eric Holder To Give Funds From DOJ’s $16 Billion Settlement With Bank Of America To Radical Leftist Groups…

  1. Coast says:

    Sometimes I hate going to the website.

    Liked by 1 person

  2. waltherppk says:

    The government administration of Obama is pure RICO operating under color of authority and is 100% criminal and 100% racist as a recurring theme in too much of what it does.

    Liked by 3 people

    • auscitizenmom says:

      I totally agree.

      Like

      • lineman says:

        How do you live honestly in a land of corruption, strife, and thievery…We have some hard choices ahead of us that I hope everyone here has come to grips with…There is no voting our way out of this when the game is rigged, there is no talking our way out of this when they pass laws to shut us up, there is no way to use the jury box when the court is stacked against us and the judge can tell us we can’t nullify…Where then does that leave us for our only recourse… We all know the answer to that but so many will rather live in slavery than take up that option to become free men…

        Liked by 2 people

  3. texan59 says:

    This sure would have worked out better with the old 40 acres and a mule.

    Like

    • xschild says:

      tex59: 40 acres and a mule has been around so many times it is racist to now even mention it. The mule starved, the land went fallow and was eventually sold to the bank. It is now Pigford and reparations. $16. bil and Bank of America to leftist groups. Bailouts! My head hurts. Love this blog. You go guys. ‘Cause ain’t nobody else moving in our direction. GO VOTE IN NOV ’14.

      Like

  4. peachteachr says:

    Obama and Holder just keep on knee-capping my beautiful country. It feels as if the USA is staggering and on the ropes and still they keep the hits coming.

    Like

  5. Lucille says:

    Please look at the photo of Valerie Jarrett, Eric Holder and what I presume to be Mrs. Holder. What do you notice about all three?

    A number of years ago, a friend of mine told me that in the black community, light-skinned blacks are dissed quite a bit by their darker-hued brothers and sisters. My friend, who is light-skinned, said he’d experienced a number of instances where he was discriminated against by darker blacks. Of course, darker-skinned blacks also complain of discrimination by lighter-skinned. They blame it on a hold-over from slavery–the “house” vs. “field.”

    Why do I think this is a significant? Because at least two, and most likely all three, in the photo work overtime trying to prove they are blacker than black…”my people” and all that. They are very vocal about perceived racism, stoke it at every turn simply to prove to their darker-skinned “people” that they have their backs.

    What any thinking person knows, of course, is that collectivism does not work since it means the individual is not important. But these three have sold a lousy bill of goods to all American blacks, encouraging them to live off the system, not take personal responsibility for their lives or actions, and thus remain the portion of “my people” who keep people like the “Trio” in beautiful clothes and drinking fine wines.

    Like

    • Crystal says:

      They should try Derma Blend or a spray tan. I’m getting the impression that’s what Barry’s been doing the last month or so. To “display” his solidarity with the masses in Ferguson should he need to stir them up again.

      A few years ago, a regular poster on another blog talked about his friend who’d quit the DoJ because he didn’t care for what he was seeing. He claimed that Barry and Eric the Red were attempting to foster a post-apartheid South Africa environment in the US where blacks (or other minorities – he said blacks) were in charge and whites were in the minority. Consider the situation on the Southern border, threats of a blanket amnesty and all the MB members working in the administration and it looks like they are trying to rush this through, Alinsky-style, prior to November. Create chaos wherever they can.

      BTW, does it look like ISIS/ISIL/IS is gaining steam quickly now – again, Alinsky-style – with a report that they are looking to recruit in Asia? I just read in the comment section over at Breitbart that there are 35 terrorist training camps in the US and the FBI can’t shut them down because they’ve bee told “they have a right to be here.” Are they kidding? Is Barry really so clueless or is he stalling for time?

      Like

  6. Attorney says:

    Give it up people. The Banana Republic savages have won.

    Like

  7. Andrew Kolondra says:

    so Obama will be paying that lady’s mortgage after all.

    Like

  8. doodahdaze says:

    We have a Black Radical in the White House.

    Like

  9. Janet says:

    Where’s POS John Boehner on this? This is clearly an abuse of power by Eric Holder. Oh yeah I forgot.. The black man can do whatever he wants and not be held accountable for it in America.

    Like

    • xschild says:

      The black man can do whatever he wants and not be held accountable. In America?
      Ferguson MO just told us this was so. Guess we did not pay attention with G. Zimmerman. Just had to let us know one more time. Feel really bad for the really good black people in my area. Every time one of these things hits the news they lose. Praying for all mankind, it isn’t looking good. Pack up Bergdahl and send him to ISIS/ISIL. Pack up rioters and send to the ME. Congress Critters and Senate and POS(potus)(tell him to take his wife with him) should all be sent to the ARTIC. Did you not know due to Climate Change it is warming there and they should all be HAPPY. HAPPY. HAPPY. Not once but twice America has missed the boat for electing the worst President in history. Jimmy Carter is smiling today.

      Like

  10. Another perfect example of these maniacs using your tax dollars against you in a myriad of ways .

    Like

  11. lovemygirl says:

    I’m just waiting for the forced section 8 housing in typically white suburbs.

    Like

  12. Attorney says:

    All of this money to Leftist groups – they use it to continue to educate and socialize people into socialism. They do it brilliantly. The GOP seems to have no clue about how to counteract this stuff or even that it is going on.

    Like

  13. tekrek says:

    Can Holder get away with disbursing government settlement funds to his friends because 1) Congress authorized it, or 2) Because the AJ won’t arrest himself for a crime?

    Like

  14. Bubba says:

    I think I still have freedom of speech left, so here it goes. The money is not the problem. Its being a true “American” and living for and by the laws written for our country, honest with yourself and country. Folks don’t fool yourself we have people in the White House, white, black, yellow, and what ever you choose to be. That make the rules fit their needs of the day. If you don’t clean the top you sure as hell can not police the bottom. with any honesty. If you truly believe in America, vote standup for your rights, be honest with yourself. Live by the laws of our country that are written in the Constitution and Amendments. Get the people that are suppose to speak for you in the white house to take what ever you feel that needs changing. If they are not speaking for the majority . FIRE THEIR ASS!!!! I am sorry loss my train of thought, VOTE them out if they are not doing there job. Even the President can be fired. The problem we have is our representatives are turning their heads at make the rule to day to serve my purpose. If you are a true American fly your
    “FLAG” every day we have our troops in war right or wrong. And what all those soldiers are from every walk of life. And yes I am an ole soldier retired, and I as well of a lot more retirees would go back in if we could help get them home faster.

    Like

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