Obama and friends are at it again.
Folks, we’re being played. Yep. While everyone is blathering on about the sheer stupidity of Attorney General Jeff Sessions talking to Russia’s Ambassador Sergey Kislyak, an explosive story detailing Obama, his DOJ and a slush fund is being buried.
This my dear readers is the intent behind the CIA/Neolib media pontificating on high about the nothing burger the Sessions story truly is. Because it ain’t NOTHING.
One would think that after eight years of Obama’s duplicitous behavior we, the American public, wouldn’t continue to be duped by such sleight of hand. But we are and until we stop giving energy to nothing burgers like this latest clap trap about Sessions, Obama and pals will keep right on duping.
You see Obama and his appointee’s over at the Department of Justice, that would be Eric Holder and Loretta Lynch, managed and grew a sizable slush fund using those fines on those Too Big to Fail banks, those nasty corporations like Volkswagen and other sundry entities and then playing Santa Claus by dolling out the dough to build their formidable NGO Neoliberal machine.
When big banks are sued by the government for discrimination or mortgage abuse, they can settle the cases by donating to third-party non-victims. The settlements do not specify how these third-party groups could use the windfall.
So far, investigators have accounted for $3 billion paid to “non-victim entities.”
Critics say banks are incentivized to donate the funds to non-profits rather than giving it to consumers.
The underlying problem with the slush funds is we don’t know exactly where the money is going,” Ted Frank, director of The Competitive Enterprise Institute Center for Class Action Fairness, told Fox News. “Using enforcement authority to go after corporate defendants, DOJ bureaucrats are taking billions away from taxpayers to fund their pet projects overriding congressional preferences.”
Right. Got it. The investigators ‘don’t know exactly where the money is going’ which means the DOJ created a system that lacks basic accounting rules but rather make’s it difficult to follow the trail of money.
“This is real abuse of power,” adds Franks.
For example, in the FY16 Enacted Congressional Appropriation, Congress allotted $47 million for the HUD Housing Counseling, but the Citi and Bank of America settlements shipped in an additional $30 million in funding. The Legal Services Corporation was allocated $385 million from Congress but is getting an additional $412 million in taxpayer dollars from the third-party settlement practice.
The recent Volkswagen settlement, which requires a $1.2 billion investment into zero emission technology, was not only twice denied by Congress but is now expected to receive four times the amount originally requested by the Obama administration.
A sample of the left-leaning organizations benefiting from the largesse include the National Council of La Raza, the National Community Reinvestment Coalition and the National Urban League. Read more: http://www.foxnews.com/politics/2017/03/01/gop-wants-to-eliminate-shadowy-doj-slush-fund-bankrolling-leftist-groups.html
Many, over the years, have been scratching their head wondering why no banker ever spent a night in an 8′ x 10′ cell following the horrific 2008 banking debacle. Well, think about it. What in the world is the benefit to the Neolibs long-term agenda, who’ve become best buds with the Too Big to Fail Bankers, by throwing a bunch of old white guys in jail when they can shake them down for cash, as in billions, to build their, again, formidable Neoliberal machine?
Oh, and just a guess, but I’m thinking their is some NGO out there full of cash from these fines that Mr. Obama and pals will be heading up to ‘RESIST’ the Trump machine. Oh my. This miserable Russian story line distraction just took a very dark turn. Keep in mind, just this week former Attorney General Eric Holder told the world ‘He’s coming, and he’s ready to roll’. I bet he is…
PS For fun, I Googled ‘DOJ’ + ‘Obama’ + ‘slush fund’ + ‘Goodlatte’ and got 12,600 in results. I then Googled ‘Sessions’ + ‘Russian Ambassador’ and got a whopping 1,870,000. Think about that. A nothing burger story vs a bombshell. We’re being played like a fiddle…