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Nearly a decade after the crash of the U.S. Housing market, the Obama administration continues to pursue claims against large financial institutions accused of contributing to the crash. For instance, in the past three years the Department of Justice (DOJ) settled with JPMorgan Chase & CO. in November 2013, Citigroup Inc. in July 2014, and Bank of America in August in 2014. These settlements concerned allegations related to the issuance of residential mortgage backed securities, and collectively these three settlements alone have totaled $36.65 billion in payments from the banks to various federal, state, non-governmental organizations, and direct consumer relief.
In a report released on Thursday by the Senate Homeland Security and Governmental Affairs Committee detailing how the DOJ has essentially become a massive crime syndicate in the business of shaking down financial institutions, the report noted that the DOJ’s Housing settlements removed millions of dollars of third party payments from the Congressional appropriations process as well as judicial review. Of the settlement funds set aside for consumer relief, at least $640 million was set aside for third party payments to be disbursed by the banks according to the the settlement terms. By routing funds away fro the U.S. Treasury, the settlements have been able to circumvent congress’s spending authority as well as oversight.
originally posted by: visitedbythem
a reply to: xuenchen He is surely the most dangerous president we have ever had. The danger will increase as he nears the end of his presidency. He believes he is above the law. He is a narsicist. He is a divider and attacker. He is a liar and a cheat. He bows to our enemies, and forms his activities from the wickedness in his heart. He hides the true stories of his life, choosing to present a lie instead, and pays to cover the truth
I did hundreds if not thousands of hours of research on several presidents from both both sides of the aisle. I dont care for Bush either, and I do speak my mind. I search for the truth, regardless of who it is or how I feel about them , Unlike many on here, I just want the facts, I want to know the truth. How about you?
originally posted by: jimmyx
originally posted by: visitedbythem
a reply to: xuenchen He is surely the most dangerous president we have ever had. The danger will increase as he nears the end of his presidency. He believes he is above the law. He is a narsicist. He is a divider and attacker. He is a liar and a cheat. He bows to our enemies, and forms his activities from the wickedness in his heart. He hides the true stories of his life, choosing to present a lie instead, and pays to cover the truth
so, the same old crap that every other conservative on ATS believes...really hung yourself out there with that opinion
originally posted by: visitedbythem
I did hundreds if not thousands of hours of research on several presidents from both both sides of the aisle. I dont care for Bush either, and I do speak my mind. I search for the truth, regardless of who it is or how I feel about them , Unlike many on here, I just want the facts, I want to know the truth. How about you?
originally posted by: jimmyx
originally posted by: visitedbythem
a reply to: xuenchen He is surely the most dangerous president we have ever had. The danger will increase as he nears the end of his presidency. He believes he is above the law. He is a narsicist. He is a divider and attacker. He is a liar and a cheat. He bows to our enemies, and forms his activities from the wickedness in his heart. He hides the true stories of his life, choosing to present a lie instead, and pays to cover the truth
so, the same old crap that every other conservative on ATS believes...really hung yourself out there with that opinion
originally posted by: visitedbythem
How did you research Obama's "wickedness in his heart"?
A good man out of the good treasure of the heart bringeth forth good things: and an evil man out of the evil treasure bringeth forth evil things.
originally posted by: visitedbythem
Im sorry. I didnt mean to hurt your feelings. I should be more PC in the future and avoid stepping on any little toes.
Have a nice Day Bro!
originally posted by: visitedbythem
I did hundreds if not thousands of hours of research on several presidents from both both sides of the aisle. I dont care for Bush either, and I do speak my mind. I search for the truth,
These settlements concerned allegations related to the issuance of residential mortgage backed securities, and collectively these three settlements alone have totaled $36.65 billion in payments from the banks to various federal, state, non-governmental organizations, and direct consumer relief.