http://finance.townhall.com/columnists/michaelschaus/2014/08/30/eric-holders-doj-funding-proobama-groups-with-bank-settlements-n1884697/printHolder’s Justice Dept Uses Bank Settlements to Fund Democrat Nonprofits
Michael Schaus
8/30/2014 12:01:00 AM
Once again, our Chicago-style Attorney General has proven that corruption is the basic foundation upon which the modern Democrat Party is built. Eric Holder, the nation’s top extortionist officer, has been running around the financial sector suing banks for anything (and everything) he can get away with. Ally Bank paid millions for alleged racist lending practices (an allegation the DOJ made without ever looking at loan portfolios), JP Morgan has shelled out billions for various anti-Obama comments regulatory infractions, and Bank of America just paid a $16.6 billion fine for their government-mandated role in the financial crises of 2008.
Aside from the fact that these onerous fines have not been coupled with any sort of actual criminal charges against any bank executives (I guess evidence of wrong doing is required for those pesky criminal cases), the DOJ’s handling of the fines is now raising even more serious questions. Apparently, Eric “Fast and Furious” Holder has been using the record breaking settlements to shore up the war chests of Progressive, Liberal, and Democrat non-profit organizations.
Social Justice, to our Department of Justice, means using the power of America’s top enforcement agency to bankroll the groups that help put Democrats in power. According to Judicial Watch, Holder’s so-called “Justice” Department has been “redistributing” these record breaking settlements to groups like La Raza, ACORN (remember that cute group that was ousted as a Democrat voter fraud machine?), and Operation Hope… Oh, and not that it really matters, but none of these groups were connected to the lawsuits that led to the record-breaking settlements. Heck, I was shocked to see that Obama’s Organizing for America wasn’t on the list.
Eric Holder’s penchant for extorting billions from banks would make Al Capone rethink his career as a bootlegger. It turns out, being an “activist” AG is far more profitable than selling prohibited substances, trafficking arms (although there’s apparently no reason not to do both), or orchestrating St Valentine’s Day “parties”.
Threatening everything from lengthy investigations to criminal charges, Holder has managed to squeeze over $16.6 billion dollars from Bank of America. But, really, that’s just the tip of the iceberg. In recent years, Holder has been accelerating his feverish attempt to hold faceless corporations “responsible” for allegations that may, or may not, have any roots to reality. So, why do banks pay? Well, for Bank of America, HSBC, JP Morgan, or Ally, it’s a whole lot easier to agree to a fine than fight the world’s most deep-pocketed plaintiff (the DOJ).
A portion of all those funds were supposed to be redistributed to groups that had been adversely impacted by whatever vague actions were allegedly taken by those evil (read: wealthy) corporations. So… Did you get a check from the DOJ for your under-water mortgage from Bank of America? Yeah, most people didn’t. You better go check with your local Democrat-friendly non-profit; because it’s pretty likely a check was sent to them for your suffering. (You can recognize the Democrat friendly non-profits pretty easily: They’re the ones that aren’t getting audited by the IRS.)
Of course, this is probably a godsend to those Liberal advocacy groups that would otherwise have to depend on donations from the general public. I mean, who needs to actually prove your worth to a community, when you have your very own Attorney General redistributing protection money to your cause?
Eric Holder, the self-admitted “activist” Attorney General, has repeatedly proven that there is no depths to which he will not slouch, if given a pass by the main stream media. Refusing to investigate the IRS scandal, running guns to Mexico (while simultaneously fighting for stronger American gun laws), “choking out” certain industries, and specifically targeting politically-dissenting journalists, was apparently just the beginning of Holder’s venture into government-sanctioned corruption. Now acting as a supplemental slush fund for progressive causes (with the cash of questionably targeted financial institutions), our Extortionist AG is proving that it pays to be in bed with the guys who call the shots.
In Al Capone’s time, we called those guys a part of La Cosa Nostra. Today, we call it Obama’s Democrat Party.
