Front Page Mag
The Obama administration is using billions of dollars in banking fines to fund radical left-wing activist groups that work to elect Democrats, according to an eye-opening new study from a nonpartisan research institute.
During Eric Holder’s term as attorney general from February 2009 through April 2015, a little under $37.3 billion was paid by U.S. banks under the threat of federal lawsuits. All but $720 million of that sum came from three big settlements: Bank of America, Citigroup, and JP Morgan Chase.
Many of the cases rest on bogus “disparate impact theory” which left-wing government lawyers use to make sure that “banks become liable for charges of racism based upon the perceived injustice of lending disparity in certain lower income areas, regardless of the reasons for the disparity.”