Isn’t this like what ACORN and others did to the mortgage loan business????
“Isn’t this like what ACORN and others did to the mortgage loan business????”
Sort of, only more brazen. These people never even really applied for loans, nor did they take out loans after the settlement. They just took 50K each for “discrimination”.
That 50K was paid out over 14,000 times under the OLD settlement. Now that the settlement has been discarded their are 71,000 new pending claims of discrimination.
There were only about 25,000 total black farms in existence during the period of the claims. So total claims of racist discrimination exceed the total farms by 4 to 1. What’s more, only 200 of the claimants ever went on to apply for a loan with the USDA again.