Obama has Eric Holder shake
down banks for billions to give to leftist groups including the infamous ACORN.
Eric Holder
is finally being investigated for forcing banks to make sure Democrat
advocates get paid off.
This article
provides further evidence that Progressivism is a parasite–it cannot exist
without a healthy, productive host to feed upon. People like Eric Holder make
our government nothing more than the biggest example in history of organized
crime.
Perhaps you remember the
highly-trumpeted $17-billion settlement with Bank of America over trillions of
dollars in profit from fraud. We’ll leave aside the fact that such “punishment”
is laughable—any criminal would trade a few billions to make trillions—make
sure you look deeper.
Even those billions in fines
did NOT go to those harmed by BofA’s fraud–they were doled out to a bunch of
the Left’s leading leeches and “community organizers”—groups and individuals
that could not even feed themselves without shaking down taxpayers.
Extortion: A House committee
is looking into why Attorney Gen. Eric Holder cut Democratic activist groups in
on billion-dollar settlements with big banks. Better late than never — we
wondered the same thing six months ago.
They say that the wheels of
justice grind slowly. But considering the size of this Obama administration
power abuse, the probe’s delay is disappointing.
In an Aug. 27 editorial,
“Holder Cut Left-Wing Groups In On $17 Bil BofA Deal,” we revealed that Holder’s
record $17 billion deal to settle alleged mortgage abuse charges against Bank
of America included potentially hundreds of millions of dollars in set-asides
for “a national network of left-wing community organizers.”
Instead of going to
so-called victims of the so-called fraud, Holder steered huge sums to
affordable-housing activist groups approved by HUD, which is mired in a
separate lobbying corruption scandal […]
In effect, the government is
forcing banks to fork over payola to radical nonprofit groups that exist to
shake down banks for high-risk urban home loans, the very type of mortgages
that defaulted in droves during the housing crisis. The money also restocks
their war chest to lobby Congress for expansion of the CRA.
Though our editorial made
national headlines, House Republicans did not demand answers from Holder for
another three months. Stonewalled, they’re only now holding a public hearing on
the scandal.
Big Government is the
outworking of an ideology of legalized theft—plain old robbery of the
productive, by those who use the power of office to intimidate and plunder.
On Thursday, we’re told,
House Judiciary chair Bob Goodlatte will charge that Holder “shortchanged”
alleged victims of BofA and Citibank by diverting at least $150 million into a
slush fund for Democratic interests in an unconstitutional end-run around
Congress.
Until the hearts of our
nation are again captured by the One who gave the command, “You shall not
steal,” we will descend into further rancor and strife, and ultimately into
widespread poverty and want.
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