Now we learn Holder’s Department of Justice has come to an agreement with the institution that was willing to step up in a time of need at the request of the government. Because of the problems of the banks it bought, Holder has just extorted $13 BILLION from the private institution J P Morgan. Some have said this is just another way the Marxist/Progressives have found to tax the financial industry. The irony is that Morgan made those purchases to help in a time of crisis. What a way to be thanked.
So Holder extorted $13 BILLION from this bank. Who receives the money? The settlement states that $9 billion of the funds will go toward the lawsuits and the other $4 billion will be allocated for consumer relief. However, the deal also states that any remaining money from that $4 billion will go to NeighborWorks of America, a liberal group that provides affordable housing and helps fund community organizers. The community organizers sponsored by NeighborWorks are in the same vein as ACORN, the community organizing group busted in 2010 in a voter fraud scandal.
This is nothing more than the Obama regime funneling funds from banks to liberal causes. This is an utter perversion of justice when the federal government extorts billions of dollars from the second-largest bank in the United States and gives it to Obama’s political friends and favorite political causes. You and I would be prosecuted and be sitting in the cell next to Bernie Madoff. Which private institution is Holder planning to extort from next?