“This is nothing short of a shakedown and another example of how the Obama administration is rigging the system to benefit their political allies. Instead of directing settlements directly to victims or returning the money to the U.S. Treasury, President Obama set up a slush fund for community organizers and other liberal activists. This is outrageous,” said Rep. Sean Duffy, R-Wis., chairman of the Financial Services Committee’s Oversight and Investigations Subcommittee.
It’s quite a racket – the 2008 financial crisis was caused by the Clinton administration massively expanding Jimmy Carter’s Community Reinvestment Act, forcing banks to give high-risk loans to those who had no business owning a home, in a textbook example of Reynolds’ Law run amok. Now in its wreckage, Bank of America is shaken down for billions by the same party that created the CRIA. And of course, no one in the MSM will ask Hillary about her husband’s involvement in the debacle.
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Imagine the uproar when President Trump (I just threw up a bit) does the same thing and makes them give the money to the NRA, Citizens United, The American Family Association, and the Family Research Council. Suddenly the media will have a Youuuge issue with the practice.