Eric Holder’s idea of implementing justice is to shake down banks on trumped up charges based on vague statistics and leftist theories. 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. 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.
Meanwhile: Imperial, Lawless Obama Threatens More Unilateral Action
This week, once again, we heard President Obama defiantly pronounce that he has no intention of letting a little thing like constitutional checks and balances get in his way and interrupt his royal prerogative.
3 comments:
Just so I have this right .......
When Clinton (really going back to carter) decried "red-lining" as a racist policy and basically used the levers of government to force lenders into offering dangerous loans. Then, the usurpers administration turns around and uses levers of government to say that offering is racist because it is predatory. Have I got that right? Sheesh.
I heard this once about government - and how true it is.
"Yesterday's solutions are today's problems."
I wouldn't be too hasty to defend the banks. Their corrupt practices and government enablers (Kanjorski amendment) created the current depression. Fines, etc. are merely the cost of doing business. You'll know they're serious when they come for the banksters with handcuffs.
As wrong as this is, my problem caring is that "Ally Bank" was created directly from the GM financial arm which, in order to receive that sweet free taxpayer TARP money, converted itself into a bank. So to recap: Money is stolen by major Banks and Freddy and Fannie Mac, taxpayer money is stolen by the Feds to make them liquid again, financial companies that are not banks convert themselves into banks to receive free liquidity, Feds take taxpayer money back from Banks in order to continue cycle.
Sounds pretty feudal.
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