The government has quite the tidy little deal going in terms of getting money out of large banking interests lately. The latest example was the $13B dollar “settlement” reached with JP Morgan, which certainly must have taught them a thing or two. But some observers have been digging into the details of the deal and finding that it might be even sweeter for certain progressive interest groups than anyone had previously imagined. Rather than simply settling for the smug satisfaction of seeing some Wall Street Fat Cats get taken down a peg or two, how about getting your hands on some of the cash yourself?
It seems Attorney General Eric Holder has created a multi-million dollar backdoor kickback for activist groups in the $13 billion JP Morgan Chase subprime loan deal recently settled, WND reports.
It appears the Obama administration has a strategy for reviving subprime mortgage lending by coercing banks to fund community organizing groups that may once more put low-income families into mortgages beyond their means.
"Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual." Thomas Jefferson
"If people can’t trust not only the executive branch but also don’t trust Congress, and don’t trust federal judges, to make sure that we’re abiding by the Constitution with due process and rule of law, then we’re going to have some problems here." - Barack Obama, June 7, 2013
To quote those great philosophers,Sonny and Cher: "...and the beat goes on.....and the beat goes on"
If it hadn't been for past programs like this Obummer would have never became a community organizer. It's a hell of a scam,and damn near countless black preachers have became multi-millionaires because of it.
Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
RIGHT'S RIGHT 
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Sun Dec 08, 2013 12:50 pm
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