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Old 12-09-2013, 07:27 PM
 
41,110 posts, read 25,727,707 times
Reputation: 13868

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"The government has quite the tidy little deal going in terms of getting money out of large banking interests lately. The latest example was the $13B dollar “settlement” reached with JP Morgan. The deal is even sweeter for certain progressive interest groups.

Attorney General Eric Holder has created a multi-million dollar backdoor kickback for activist groups in the $13 billion JP Morgan Chase subprime loan deal recently settled, WND reports.

It appears the Obama administration has a strategy for reviving subprime mortgage lending by coercing banks to fund community organizing groups that may once more put low-income families into mortgages beyond their means."

Is that even legal?

A must read
Eric Holder’s kickbacks for community organizers « Hot Air

Last edited by petch751; 12-09-2013 at 07:36 PM..
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Old 12-09-2013, 07:28 PM
 
Location: southern california
61,288 posts, read 87,413,299 times
Reputation: 55562
our government is very biased. it is disturbing the selective enforcement of the law.
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Old 12-09-2013, 07:34 PM
 
Location: Maui County, HI
4,131 posts, read 7,443,557 times
Reputation: 3391
Not seeing the problem here. JP Morgan settled for their sub prime misdeeds, and the money is being used to "to provide housing counseling, neighborhood stabilization, foreclosure prevention or similar programs."

This is just the latest rightwing outrage. You find something, manufacture a scandal, then when it's disproven you ignore reality, and just move on to another one. Then usually in a month or two you'll throw out references to the previous scandal as a talking point, knowing that the low information Fox watching base has no idea it was BS.
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Old 12-09-2013, 07:34 PM
 
8,016 posts, read 5,856,922 times
Reputation: 9682
I don't think the word "legal" really applies where Eric Holder and Barack Hussein Obama are concerned.
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Old 12-09-2013, 07:37 PM
 
4,571 posts, read 3,519,711 times
Reputation: 3261
Quote:
Originally Posted by winkosmosis View Post
Not seeing the problem here. JP Morgan settled for their sub prime misdeeds, and the money is being used to "to provide housing counseling, neighborhood stabilization, foreclosure prevention or similar programs."

This is just the latest rightwing outrage. You find something, manufacture a scandal, then when it's disproven you ignore reality, and just move on to another one. Then usually in a month or two you'll throw out references to the previous scandal as a talking point, knowing that the low information Fox watching base has no idea it was BS.
Speaking of "BS", you take the cake.
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Old 12-09-2013, 07:40 PM
 
Location: Maui County, HI
4,131 posts, read 7,443,557 times
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Quote:
Originally Posted by Ed from California View Post
Speaking of "BS", you take the cake.
You'll have to explain that statement.
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Old 12-09-2013, 07:41 PM
 
41,110 posts, read 25,727,707 times
Reputation: 13868
Quote:
Originally Posted by winkosmosis View Post
Not seeing the problem here. JP Morgan settled for their sub prime misdeeds, and the money is being used to "to provide housing counseling, neighborhood stabilization, foreclosure prevention or similar programs."

This is just the latest rightwing outrage. You find something, manufacture a scandal, then when it's disproven you ignore reality, and just move on to another one. Then usually in a month or two you'll throw out references to the previous scandal as a talking point, knowing that the low information Fox watching base has no idea it was BS.
My insurance premiums nearly doubled, my deductibles increased so high that its not worth getting insurance and you say just outrage. You better damn well believe I am outraged. Oh I feel better, you said you would pay the difference.
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Old 12-09-2013, 08:53 PM
 
Location: Michigan
12,711 posts, read 13,477,762 times
Reputation: 4185
The executives involved in the financial collapse ought to consider themselves lucky to have avoided lengthy prison terms, and keep their mouths shut.
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Old 12-09-2013, 08:58 PM
 
Location: Maui County, HI
4,131 posts, read 7,443,557 times
Reputation: 3391
Quote:
Originally Posted by petch751 View Post
My insurance premiums nearly doubled, my deductibles increased so high that its not worth getting insurance and you say just outrage. You better damn well believe I am outraged. Oh I feel better, you said you would pay the difference.
This is off topic but why don't you just keep buying the insurance you had before the ACA passed?
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Old 12-09-2013, 09:46 PM
 
Location: The Lone Star State
8,030 posts, read 9,051,870 times
Reputation: 5050
Quote:
Originally Posted by winkosmosis View Post
Not seeing the problem here. JP Morgan settled for their sub prime misdeeds, and the money is being used to "to provide housing counseling, neighborhood stabilization, foreclosure prevention or similar programs."

This is just the latest rightwing outrage. You find something, manufacture a scandal, then when it's disproven you ignore reality, and just move on to another one. Then usually in a month or two you'll throw out references to the previous scandal as a talking point, knowing that the low information Fox watching base has no idea it was BS.
Yeah, because that sounds like a great use of $13B...

You're right, it's all just manufactured outrage. Nothing wrong here.
Everything can instead be blamed on Fox and the tea party. Yeah, that's it!
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