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Bank of America gets half off its Justice Dept. settlement


Thread replies: 12
Thread images: 2

File: 1456671884361.jpg (325KB, 960x960px) Image search: [Google] [Yandex] [Bing]
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>Bank of America has been able to reduce a multi-billion dollar mortgage fraud penalty imposed by the Justice Department by giving millions of dollars to liberal groups approved by the Obama administration.

>The bank has wiped about $194 million off its record $16.6 billion 2014 mortgage settlement by donating to nonprofits and legal groups. Thanks to little-known provisions in the settlement, the bank only had to make $84 million in donations to do that.

>The bank wasn't exploiting any loophole. It's a key part of the deal the Justice Department offered to get it to settle in the first place. For every dollar the bank has given the nonprofits — none of which were victims of fraud themselves — it has claimed at least two dollars off the settlement. The deal ensured the Obama administration that a certain part of the settlement funds would go to friendly liberal groups, bypassing the normal congressional appropriations.

>Among the groups receiving the money were Hispanic civil rights group the National Council of La Raza ($1.5 million), the National Urban League ($1.1 million) and the Neighborhood Assistance Corporation of America ($750,000).
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>>75922791
http://www.washingtonexaminer.com/bank-of-america-gets-half-off-its-justice-dept.-settlement/article/2592705?custom_click=rss
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>>75922791
That's disgusting.
>>
Self-bump: READ
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>>75922791
fucking reeeeeeeeeeeeeeeeeee
>>
File: umi father.jpg (342KB, 1258x892px) Image search: [Google] [Yandex] [Bing]
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>>75922791
Sounds fake as fuck. Needs a better source. Obongo is a banker loving nigger but I doubt he would go this far.
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>>75922791
>money donated to spics, niggers, and Jews
Tell me again how there isn't a plan to eradicate white Americans?
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>>75922791

Why the fuck does it have so many nipples, why was that necessary to draw? This image is so disgusting and retarded.
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>>75923619
lol you think people on pol care? hahahahahahahahhahaa
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>>75924161
>need a better source
Do you feel any sense of emptiness being an Obama shill?
>>
>>75922791
We've beaten 1/3 of that image. In November we will have defeated 2/3. Then the final battle will begin.
>>
>>75924161
Banks getting their way sounds fake to you?
Thread replies: 12
Thread images: 2
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