DOJ: BofA must pay settlement cash to ACORN-type orgs

Christopher Bedford Senior Editor, The Daily Caller
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President Obama’s campaign just got a little help in its goal to raise $1 billion for his re-election.

Eric Holder’s Department of Justice has ordered Bank of America to pay community organizers the undistributed money left over from a massive fine. (RELATED: Obama campaign video: Billion dollar rumors are ‘bullshit’)

Buried in the pages of a December filing that called for a record $335 million in payment to minorities who were alleged victims of discrimination by Countrywide Financial — BofA’s mortgage arm — is a clause saying any money not passed out to the 200,000 or so wronged blacks and Hispanics must be handed over to nonprofits that fight against housing discrimination, Investors Business Daily reported.

Community organizing groups such as the disgraced ACORN and the DOJ-approved National Urban League, are not only large Democratic donors, but they are often the organizations that file discrimination complaints in the first place.

For example, Investors Business Daily reported that, “Justice last year sued Midwest BankCentre of St. Louis for failing to offer enough credit to the city’s poor and African-American residents after the St. Louis Equal Housing and Community Reinvestment Alliance began writing complaints to federal regulators.”

The president and other Democrats ae facing tough re-election prospects in November.

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