printMSNBC host Melissa Harris-Perry will no doubt deem the word “banana” to be racist, “conceived by a group of wealthy white men who needed to . . . render [a black man] inferior and unequal and diminish his accomplishments.” This is what our unsharpened pencil thinks of the word “Obamacare.”
It can’t be helped. Under Obama, America’s banana-republic credentials are growing.
It seems Attorney General Eric Holder has created a multi-million dollar backdoor kickback for activist groups in the $13 billion JP Morgan Chase subprime loan deal recently settled, WND reports.
It appears the Obama administration has a strategy for reviving subprime mortgage lending by coercing banks to fund community organizing groups that may once more put low-income families into mortgages beyond their means.
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“Annex 2? of the settlement agreement mandates that JPMorgan hand over “any unclaimed or unpaid damages to a nonprofit group that finances Acorn clones and other shakedown groups,” Investor’s Business Daily noted in a recent editorial.
The settlement agreement forces JPMorgan to hand over $4 billion in consumer relief designed to help consumers who were hurt by its packaging of subprime mortgages into securities.
Says Judge Andrew Napolitano: The federal government is extorting billions of dollars from a US bank to give to its political friends and favorite political caused. It is plain unlawful.
What are you gonna do about it?, replies President Camacho.
