DOJ To Give Money From Bank Of America Settlement To Liberal Activist Groups
The Department of Justice is giving liberal activist groups money from a $16.6 billion settlement with Bank of America, Judicial Watch reports.
The groups benefiting from the lawsuit, according to Investor’s Business Daily, are the National Council of La Raza, Operation Hope, National Community Reinvestment Coalition and Neighborhood Assistance Corporation of America. The money also went to “delinquent borrowers” in Chicago, Oakland, Detroit, Philadelphia and other major “Democrat strongholds.”
“This is a wealth redistribution scheme disguised as a lawsuit,” Tom Fitton, president of Judicial Watch, told The Daily Caller. “And who benefits from the distribution? Interest groups the administration relies on, outside interest groups, allies and politicians in communities trying to benefit as well.”
Fitton noted that these liberal groups are basically what’s left of the Association of Community Organization for Reform Now (ACORN) network, and that President Barack Obama has ties to ACORN.
“You have La Raza that’s getting money, their former head is at the White House in a top position whose funding from the feds has gone up immensely under the Obama administration,” Fitton said.
La Raza, Operation Hope, National Community Reinvestment Coalition and Neighborhood Assistance Corporation of America have all intimidated banks to give loans to minorities, even if they can’t afford to pay them back.
This is part of an ongoing scheme in which the DOJ puts the money it has received from bank settlements in a slush fund and then funnels the money to liberal groups. Judicial Watch points out that liberal groups — many of which are the same ones benefiting from this lawsuit — also received money from multi-billion dollar settlements from JP Morgan Chase and Citibank, as well as a $335 million settlement from Countrywide Financial Corporation.
“What we need is an honest Justice Department run by people who make a commitment to the rule of law rather using their power to extort and benefit more government and their political allies,” Fitton said. “This is no better than Tammany Hall.”