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Post by avordvet on May 23, 2016 21:04:01 GMT -5
The Obama Regime’s Criminal SyndicatePS, May 22, 2016 Nearly a decade after the crash of the U.S. Housing market, the Obama administration continues to pursue claims against large financial institutions accused of contributing to the crash. For instance, in the past three years the Department of Justice (DOJ) settled with JPMorgan Chase & CO. in November 2013, Citigroup Inc. in July 2014, and Bank of America in August in 2014. These settlements concerned allegations related to the issuance of residential mortgage backed securities, and collectively these three settlements alone have totaled $36.65 billion in payments from the banks to various federal, state, non-governmental organizations, and direct consumer relief. In a report released on Thursday by the Senate Homeland Security and Governmental Affairs Committee detailing how the DOJ has essentially become a massive crime syndicate in the business of shaking down financial institutions, the report noted that the DOJ’s Housing settlements removed millions of dollars of third party payments from the Congressional appropriations process as well as judicial review. Of the settlement funds set aside for consumer relief, at least $640 million was set aside for third party payments to be disbursed by the banks according to the the settlement terms. By routing funds away fro the U.S. Treasury, the settlements have been able to circumvent congress’s spending authority as well as oversight. politicallyshort.com/2016/05/22/the-obama-regimes-criminal-syndicate/
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