Barack Obama is funding the anti-Trump movement through a series of backdoor deals and policies. Wall Street may be surprised to learn that it is also helping bankroll the anti-Trump “resistance” whether they wanted to or not. Wall Street is fighting policies which would heavily favor it, including corporate tax cuts and the repeal of Obama-era banking and health-care regulations.
We have the Obama administration to thank for the harsh anti-Trump movement by far left groups, according to an article by the New York Post.
The Obama administration’s massive shakedown of Big Banks over the mortgage crisis included unprecedented back-door funding for dozens of Democratic activist groups who were not even victims of the crisis. At least three liberal nonprofit organizations the Justice Department approved to receive funds from multibillion-dollar mortgage settlements were instrumental in killing the ObamaCare repeal bill and are now lobbying against GOP tax reform, as well as efforts to rein in illegal immigration. An estimated $640 million has been diverted into what critics say is an improper, if not unconstitutional, “slush fund” fed from government settlements with JPMorgan Chase and Co., Citigroup Inc. and Bank of America Corp., according to congressional sources.
The payola is potentially earmarked for third-party interest groups approved by the Justice Department and HUD without requiring any proof of how the funds will be spent. Many of the recipients so far are radical leftist organizations who solicited the settlement cash from the administration even though they were not parties to the lawsuits, records show.
“During the Obama administration, groups committed to ‘revolutionary social change’ sent proposals and met with high-level HUD and Justice Department officials to try to get their pieces of the settlement pie,” Cause of Action Institute vice president Julie Smith told The Post. –New York Post
It isn’t immediately clear how much money, in all, has been diverted from settlement funds to these and other hardcore left-wing organizations. Attorney General Jeff Sessions has ordered a full audit of the funds while discontinuing the practice of funneling Justice Department settlements to third-party groups, but not before the Obama administration doled out massive amounts of money to groups with “anti-Trump” sentiments. “Any settlement funds should go first to the victims and then to the American people [through the US Treasury] — not to bankroll third-party special interest groups or the political friends of whoever is in power,” Sessions said in a recent statement.
Which means that Obama himself didn’t fund the anti-Trump movement; the taxpayers did – whether they liked it or not.
The Independent Community Bankers of America, a national voice for more than 5,700 large and small banks, said it opposes the government practice of providing back-door funding to unrelated groups. But it still hasn’t stopped regardless of Sessions’ attempts combined with those of the ICBA. “ICBA believes the funds should go towards affected victims,” a spokeswoman for the banking trade association told The Post.
The Post has learned that the Consumer Financial Protection Bureau continues to force financial institutions it prosecutes to donate to third-party community organizers. More, penalties in such cases are deposited into the Bureau’s now-$170 million-plus Civil Penalty Fund, which has, in turn, channeled almost $30 million to “consumer advocacy” groups. –The New York Post
CFPB director Richard Cordray is an Obama holdover, whose special five-year term doesn’t expire until 2018. It has also been suggested that the Trump administration fire Cordray.
This goes beyond Obola all the way to George Soros. If either one of them ever turn up in my scope…..
Didn’t anyone tell this nigger that he is not the potus anymore! Not that he ever really was one.
In a nutshell Uncle Sam has pockets that are way too deep with way too little accountability.
In a nutshell Uncle Sam has pockets that are way too deep with way too little accountability.
I guess it was important enough to say it twice.
What’s it going to take to shut that lying POS poser socialist up? When the hell will someone just clap the handcuffs on him and throw him in the same prison as Anthony Weiner? Then at least justice would be served. The 2 of them could put on show-rarees for the inmates.
Purge it all
Kevin2, you can say that again, LOL.
All that money slopping around and the taxpayer took it in shorts again. sheesh…..
There there is the issue of funds having gone to third parties with less than honorable and patriotic intentions. It does turn one’s stomach.
Mac, how many more times do we have to see any pictures of Obola?
One disgraceful American sellout president after another loaded with corrupt baggage that would cripple a herd of strong jackasses. Obullshit the perfect crime at just the right time. Hard to see the light of day when both options totally suck.
Politicians must always give the appearance of upholding the law. Especially when they are the ones breaking the most laws.
Now how about that!
Obama thinks he slick, but he will get caught.
Obozo will never give up his mo slime ambition to shred any unity or respectability this country
might once again expierience. No his Anti-American, holier than thou, asinine, lying, know it all, conceited, hateful arrogant attitude, has tried to bankrupt this country in every way possible. Other than that….he isn’t too bad……cough cough.
Taxpayers get screwed everytime. Funding our own demise we are.
This is why i dont understand how come everybody doesnt just say no,, WTF they going to do whenna couple hundred million peeps say NO?
Is that a direct quote from Yoda? (jk!)
Bath House Barry is like a hemarroid that won’t go away.
When Obullshit starts the Civil war. I hope and Pray that it doesn’t happen, but it looks like it is coming, and I hope Obullshit will be happy he torn down the country.
When it is over and he is on trial he won’t have any Libtards on the jury. Just letting you know I have several large Oak trees with large branches just right for hanging things.
Sgt.
Don’t forget everyone that Nov. 4Th is the day that all the libtards are going to start the protest until Trump is removed from office.
Boy that is going to make for a target rich environment.
Sgt.
I used to think I knew the definition of treason, gender and patriotism. We need a new dictionary where anyone can fill in the blanks to suit their need.
Any method of funding which is not through taxation and appropriation invites abuse. All monies gathered directly and indirectly by the Federal government should go through the appropriation process. That includes court judgments, property sales, fines, etc.
Gee Mac….. why does it take a day and a half for a post to show up. It is really hard to debate anything when the topic has changed or been abandoned for lack of response. Or is that the point?
Thanks, anyway, I enjoy this site. Interesting articles, and people. ?
Grandpa: you got that right about the dictionary. Have you noticed how politicians ‘reword’ things to sound less serious or threatening. Like….”there will be a slight difference in the tax plan”. Which translates to…..”this plan will tax you into the grave…and for years beyond”. We need a POLITICIANS dictionary….one that gives the ‘true definition’ of a statement. ?
Beware of their acronyms also, take the PATRIOT Act for instance, a totally unconstitutional act of Congress. A massive piece of regulation promulgated beforehand to be quickly introduced to meet an event. But they are correct in one way this act has everything to do about control of the Patriot and not what the name leads one to believe. Tools of deception these are yet I keep expecting honesty and integrity to show up somewhere. I am beginning to think I am the only one to remember them.
Screw that no good ape known as O’banana!! If there was ever a chimp that so deserved a tight, thick white rope around its neck!!
Barack Obama is no longer president. He can be prosecuted for any crimes he commits out of office. Of course this will never happen. Just look at the Clintons.