Skip to comments.CFPB Joins Justice In Shaking Down Banks For Democrat Activist Groups (Flashback from 2015)
Posted on 11/28/2017 6:57:48 PM PST by sdthree
Extortion: The Consumer Financial Protection Bureau is diverting potentially millions of dollars in settlement payments for alleged victims of lending bias to a slush fund for poverty groups tied to the Democratic Party. We've seen this before at the Justice Department, which Congress earlier this year scolded for "shortchanging" alleged victims of Bank of America and Citibank the same way. Justice funneled at least $150 million into a slush fund for Democratic interests, unconstitutionally avoiding Congress. Now, a little-noticed item on the CFPB's website reveals the powerful new agency is launching its own scheme to provide backdoor funding for nonprofit urban groups politically aligned with Democrats. The CFPB plans to create a so-called Civil Penalty Fund from its own shakedown operations targeting financial institutions. Through ramped-up (and trumped-up) anti-discrimination lawsuits and investigations, the agency will bankroll some 60 liberal nonprofits, many of whom are radical Acorn-style pressure groups. It says these organizations will provide "financial coaching" for low-income homebuyers, as well as "housing and social services." But their activities are more political than charitable.
(Excerpt) Read more at investors.com ...
It is why theyre fighting tooth and nail to keep control of the agency
We are talking billions of dollars. In a CNBC interview of Englishs lawyer, it was revealed that Leandra Englishs lawsuit is being funded by anonymous sources. The judge needs to compel English to reveal who is funding her lawsuit. If it is one or more of the organizations that received money from the Civil Penalty Fund, then its a criminal act and people need to go to jail
Claw it all back - every last cent!
When the Federal Government is involved in everything, then everything becomes politics, everything becomes a skimming operation, and everything becomes corrupt.
DemoRATs have run our government like the mafia used to run Las Vegas.
Look at Lois Lerner, still laughing.
The CFPB was set up to establish an unaccountable slush fund for liberals.
First they accused the banks of racism for not lending to minorities who did not qualify for conventional loans.
When the banks found themselves burdened with the resulting non-performing loans, they and the quasi-government loan insuring agencies bundled those bad loans with good loans and sold them as investment packages with high interest rates.
When those agencies found high demand for those bundled loans, they set up huge incentives for managers to sell ever increasing volumes of these high interest/high risk loan packages.
Later, when those loans went into default, the government went after the banks for creating these risky investments, and imposed huge fine on those banks.
The resulting fines were unaccountable and the democrats directed those monies to shadow groups who in turn funded democrat campaigns and other liberal programs.
Franklin Raines and Jamie Gorelick made tens of millions of dollars in salary and bonuses from the scheme.
Dozens belong in jail for this fraud.
You are correct. Community reinvestment act put the banks in a position where they had to make loans to people who should not have been given so much as a library card
When will heads roll? If there is no deterrent it will continue
I believe we should pause and think how President Trump, and President Trump alone, upset the Progressives’ plans to deliver us into outright despotism.
Had Hillary won, all of the emerging mechanisms that sought to silence the opposition in 2016 would now be in high gear. That means talk radio, Facebook, Twitter, and conservative groups . . . no more.
Yet President Trump is only a respite. Congress is still scared of its shadow. The GOP is far happier as a minority partner with the rats, who KNOW what to do with power.
Despite winning in 2016, we are still at the point of crisis.
Perhaps Mulvaney will prevail and expose the corruption inherent in a thoroughly unconstitutional CFPB. But like the Lois Lerner/Koskinen IRS, I don’t expect felony convictions or impeachments.
As our government increasingly illustrates, voting alone is an insufficient means to restore free government.
The SPLC off-shore banking scam sounds suspiciously like the Madoff fraud. When he went to jail, investigators found Ponzi King Bernie Madoff had stashed billions offshore---into a labyrinth of financial entities.
COLLUSION AND CONSPIRACIES GALORE
Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.
But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.
The Bank Secrecy Act should be mobilized----to follow the paper trail and determine how money changed hands among (a) SPLC (b) Obama and OFA, (c) leftist groups and donors.
Demand that the scope and dimension of collusion in sub rosa deals be examined, as to who might be personally profiting and if financing domestic terrorism is being facilitated.
<><> L/E needs to examine bank accounts of the aforementioned.
<><> Joint bank accounts might be used to facilitate the transfer funds from one account to another, and/or wire-transferred offshore;
<><> To cover their tracks, fake invoices might be created to show that money deposited into SPLC accounts was being used for legitimate purposes.
<><> Financial schemes scheme might be advanced by issuing phony statements of payments from financial sources that actually covered the transfer of funds for insiders' personal use and/or for financing domestic terrorism.
Shady banking transactions could be prosecuted under the (1) Bank Secrecy ACT, (2) RICO, and, (3) the Hobbs Act.
<><> L/E should get ahold of: (1) copies of SPLC checks, (2) wire transfers, (3) account statements, (4) invoices, (5) bills, (6) delivery tickets, (7) SPLC correspondence including snail mail, e-mail, mobile devices, cell phones, (8) contracts, (9) loan agreements, (10) other account books or official records.
L/E should also explore (a) monies paid to brokers, sub- brokers, (b) family members, (c) mortgage brokers, (d) financial managers, and, (e) real estate agents, brokers, and developers.
<><> L/E should scrutinize bank accounts for suspicious activites: (A) large deposits, (B) funds transferred from one account into another, (C) frequent requests for withdrawals.
<><> SPLC bank records might also show diversions to secret LLC accounts, to money launder and to operate personal ventures;
Tax fraud may also be a factor, facilitated by withdrawals, gift cards purchases, credit card purchases and intra-bank transfers from legal bank accounts into personal accounts, or redistribution schemes.
<><> A huge tipoff is whether SPLC bank withdrawals support luxurious lifestyle including payments for real estate, investment and stock holdings, jewelry, luxury vehicles, resort travel....... and gifts and purchases from luxury outlets.
Contact Jeff Sessions
U.S. Department of Justice
950 Pennsylvania Avenue, NW
Washington, DC 20530-0001
Comment Line: 202-353-1555
BACKSTORY House Judiciary Committee Chair Bob Goodlatte (R-VA), revealed that the Obama Justice Dept (aided and abetted by Congressional Democrats and then-AG Eric Holder) apparently violated US laws by demanding settlements from businesses in the form of “mandatory donations to left liberal activist groups.
Over two years of the Obama admin those coerced “donations” amounted to a billion dollars.
In an apparent looting and shakedown scheme akin to an organized crime MO, left-wing interest groups (a) the radical La Raza, (b) the Urban League, (c) the National Community Reinvestment Coalition, (d) Neighborhood America (formerly ACORN) that stood to gain from mandatory donation provisions were they, themselves, involved in placing self-serving provisions in the Obama govt’s shakedown scheme.
It is entirely possible that the Obama admin, Eric Holder, Congressional Democrats and left wing groups may have committed federal offenses, including, but not limited to:
<><> Title 18 U.S.C. §1341, Mail Fraud, 18 U.S.C.§1001, Presenting a False Document to an Agent of the US Government for funding (may involve several felonies and could include forgery);
<><> 18 U.S.C.§1027 False statements and concealment of facts in relation to funding documents required by ERISA enacted 1974 and other possible offenses including civil and/or criminal RICO violations.
<><> 18 U.S.C. §§1961-68 (RICO Act)18 U.S.C. §1001 (making false Statements to Agents of the US Government regarding federal funding),
<><> 18 U.S.C. §241(Conspiracies Against Civil Rights). Violation of Civil Rights under Color of law and conspiracy. Conspiring with others to violate conservative students 4th amendment rights.
<><> Possibly full investigations centering on RICO conspiracies under 18 U.S.C. §1962(c) could be warranted because (1) the persons (2) were employed by or associated with a federally funded enterprise (3) that engaged in or affected interstate commerce and that (4) the persons operated or managed the enterprise (5) through a pattern (6) of racketeering activity, and (7) the taxpayers were injured by reason of the pattern of racketeering activity.
<><> Alleged Offenses could include Violation of Rights which prohibits in relevant part, two or more persons (from conspiring) to injure, oppress, threaten, or intimidate any person in any State, Territory, Commonwealth, Possession, or District
<><> Title 18 U.S.C. §2 41 Conspiracy Against Constitutional mandates in the free exercise or enjoyment of any right or privilege secured by the Constitution or laws of the United States, or because of having so exercised the same . . . See, 18 U.S.C. §241.
Taxpayers demand the following agencies commence investigations of liberal campus activities at once:
<><> FBI Wire Fraud Division
<><> IRS-Fraud Unit
<><> Department of Justices Office of the Inspector General,
<><> Department of Commerces Office of Inspector General.
<><> DOJs Criminal Division Public Integrity Section
<><> DOJ Criminal DivisionOrganized Crime and Gang Section.
ACTION NOW-Contact your Representative and Senators Capitol Switchboard 1-866-220-0044
Call President Trump—— Comments: 202-456-1111 Switchboard: 202-456-1414
TALKING POINTS: (A) taxpayers demand reparations for leftist groups shakedown schemes. (B) sever all public funds, including federal funds to these criminal groups.
Great 0bamarama Shake Down flashback.
Posts; thread BUMP
If Trump was serious about draining the swamp, he would have appointed Giuliani as AG.
As you accurately pointed out, the Democrats have been operating like organized crime, and who is better than Giuliani in taking down organized crime?
I think Rudy took himself out of the running....health problems I believe.
I expect Mulvaney to shut down CFPB.
I don’t expect any prosecutions of Dems until Sessions moves on.
No idea why he doesn’t have the guts when he certainly has the evidence.
It’s incredible, Liz. Thanks for posting this intelligence.
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