Banks are an easy target. The Marxists have always targeted banks. Marx said all lending should made by a monopoly controlled by the state, government, or people, whichever term you wish to use. Marx considered the industry of lending to be one of the worst evils of capitalism. For Obama, Holder and the Marxist regime to proceed with this extortion was to be expected. The mortgage crisis gave them the political cover.
The numbers are staggering. Bank of America just agreed to pay extorted funds of $16 to $17 billion dollars. This is in addition to over $50 billion they had already paid. The total industry, excluding foreign banks will have had over $125 billion extorted by the Department of Extortion headed by Holder. The claim is that the banks tricked people into taking the mortgages and the banks misled the buyers of the packaged loans. Greed led these borrowers to make loans they knew they could not repay and in many cases lied about their income to get the loan. Chris Dodd and Barney Frank encouraged the removal of all sane underwriting rules so everybody could own a home. The rating institutions rated these packages as AAA. Yet the shareholders of the banks are paying the extorted funds.
Goodbye, Constitution, Freedom, America; a book I authored and should have available by the middle to the end of September has as a part of the story the government extorting funds from the private sector. Is It is written like a novel so I think you will find it an enjoyable and revealing read. You will certainly learn and understand better how Marxism is becoming accepted and just a part of routine life in the United States today. You will be able to order the book on this website or it will be available on Amazon and Barnes and Nobel.