Former President Obama's Department of Justice sought to route settlement money to organizations of their "choosing" while seeking to exclude conservative groups, documents obtained by the Washington Free Beacon show.
The practice in question began in August 2014 when the Justice Department entered into a $17-billion settlement with Bank of America for selling residential mortgage-backed securities leading up to the 2008 financial collapse. Similar arrangements were made with J.P Morgan Chase and Citigroup that brought the total amount to $36.65 billion.
The DOJ settlement program has come under fire by a number of critics who refer to it as a "slush fund" that allows money to be funneled to third-party activist groups.
Approved nonprofits included groups such as UnidosUS (formerly the National Council of La Raza), NeighborWorks America, and the National Urban League, which gives grants to left-leaning community organizing groups.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
It is shameful that elected officials of the United States of America would act in such a biased and disgusting manner. Who would ever thought that businesses in America are subjected to a shakedown by their own government.
Regardless of party, these individuals belong in a Federal Penitentiary.
Such low life persons have no place in our government.
Post a Comment