Crony Capitalism And The Justice Department

It is extremely dangerous to get on the wrong side of the Obama Administration. If you lose your health insurance and speak out about it, you could be audited (cns news), if you make major contributions to Republican candidates, your company could suddenly be inspected for all sorts of federal regulation violations (, and if you gave to the Tea Party, you could face a partial audit (that happened to me–the first time my husband and I have been audited in 46 years). It does seem as if the government is somewhat out of control. An article at Investor’s Business Daily about the recent settlement between JPMorgan and the Justice Department provides further proof.

The article reports:

They (radical Democrat groups) stand to reap millions. The “consumer relief” portion of the deal by itself totals $4 billion.

If the government “determines that a shortfall in that obligation remains as of Dec. 31, 2017,” the agreement states, “JPMorgan shall make a compensatory payment in cash in an amount equal to the shortfall to NeighborWorks America to provide housing counseling, neighborhood stabilization, foreclosure prevention or similar programs.”

Potentially billions could be distributed to Democrat activists through NeighborWorks, a government-funded “affordable housing” group that supports a national network of left-wing community organizers operating in the same vein as Acorn.

In 2011 alone, NeighborWorks shelled out $35 billion in “affordable housing grants” to 115 such groups, according its website. Recipients included the radical Affordable Housing Alliance, which pressures banks to make high-risk loans in low-income neighborhoods.

The recession has dried up funding for such groups. But Holder’s massive bank shakedown could rebuild their war chests in a hurry.

This is not the way honest people do government.

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