Obama-Holder Using Race To Shake-Down Banks
Holder’s Department of Justice recently leveled a $100 million fine against Ally
Bank for "racist" lending practices without a shred of evidence. And Ally’s not
the only victim of Obama/Holder Inc.’s protection racket.
According to recent studies made by World Bank, the coming crisis will be far worse than initially predicted... Get The Full Story
(Town Hall) Apparently, the post-racial presidency of Barack Obama has decided to extort almost a billion dollars from capitalist institutions under the unjustified pretense of ‘race-based’ predatory lending.
The recent settlement made between Ally Bank and the DOJ’s Orwellian named Consumer Financial Protection Bureau is one of many that has led to over $810 million in fines and penalties. In almost all 30 cases, the Feds ran a protection scheme against companies by accusing them of race-based lending practices.
Why exactly would the banks pay the fines when the Feds are unable to provide evidence backing their allegations? Well… After paying a fine, everything goes away before charges of racism are leveled in a very public three-ring-circus of a trial. If it sounds an awful lot like a protection racket… That’s because it kinda is…
The charges facing Ally Bank? According to the Justice Department, and the CFPB, Ally Bank "charged African-American borrowers more than white borrowers in interest-rate markups not based on creditworthiness or other objective criteria related to borrower risk."
Read The Full Story
According to recent studies made by World Bank, the coming crisis will be far worse than initially predicted... Get The Full Story
(Town Hall) Apparently, the post-racial presidency of Barack Obama has decided to extort almost a billion dollars from capitalist institutions under the unjustified pretense of ‘race-based’ predatory lending.
The recent settlement made between Ally Bank and the DOJ’s Orwellian named Consumer Financial Protection Bureau is one of many that has led to over $810 million in fines and penalties. In almost all 30 cases, the Feds ran a protection scheme against companies by accusing them of race-based lending practices.
Why exactly would the banks pay the fines when the Feds are unable to provide evidence backing their allegations? Well… After paying a fine, everything goes away before charges of racism are leveled in a very public three-ring-circus of a trial. If it sounds an awful lot like a protection racket… That’s because it kinda is…
The charges facing Ally Bank? According to the Justice Department, and the CFPB, Ally Bank "charged African-American borrowers more than white borrowers in interest-rate markups not based on creditworthiness or other objective criteria related to borrower risk."
Read The Full Story
As far as I am concerned, Eric Holder can stick it where the sun don't shine.
ReplyDeleteGovernment mafia. Whoda thunk?
ReplyDeletesounds like a sure fire way to divide the country. Just sayin.
ReplyDeleteDictator will always win. The people, the taxpayer zero.
ReplyDeletePaying off Obuma's financial mistakes with extortion dollars... The Sharpen/Jackson technique with the "DOJ" in his pocket, the "shut up" money is extracted....
ReplyDelete