OriginalShroom
Gold Member
- Jan 29, 2013
- 4,950
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Yep .. Just another pay off to the left by this Administration to get more votes.
These people belong in jail.
Yes, you read that right .. More NINJA loans. Creating yet more housing debt that will be bad.
These people belong in jail.
Holder Cut Left-Wing Groups In On 17 Bil BofA Deal - Investors.com
Radical Democrat activist groups stand to collect millions from Attorney General Eric Holder's record $17 billion deal to settle alleged mortgage abuse charges against Bank of America.
Buried in the fine print of the deal, which includes $7 billion in soft-dollar consumer relief, are a raft of political payoffs to Obama constituency groups. In effect, the government has ordered the nation's largest bank to create a massive slush fund for Democrat special interests.
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According to the list provided by Justice, those groups include come of the most radical bank shakedown organizations in the country, including:
• La Raza, which pressures banks to expand their credit box to qualify more low-income Latino immigrants for home loans;
• National Community Reinvestment Coalition, Washington's most aggressive lobbyist for the disastrous Community Reinvestment Act;
• Neighborhood Assistance Corporation of America, whose director calls himself a "bank terrorist;"
• Operation Hope, a South Central Los Angeles group that's pressuring banks to make "dignity mortgages" for deadbeats.
Worse, one group eligible for BofA slush funds is a spin-off of Acorn Housing's branch in New York.
Yes, you read that right .. More NINJA loans. Creating yet more housing debt that will be bad.