A $1 billion settlement with the “big banks” appeared to go directly to left-leaning activist organizations.
On Tuesday, House Financial Services Committee Chairman Rep. Bob Goodlatte (R-VA) revealed that documents obtained in a separate, ongoing investigation show that former President Barack Obama’s administration directed money intended for victims of Wall Street mortgage meddling to progressive activist organizations who now form much of the “resistance” to President Donald Trump.
Members of the House Judiciary Committee mentioned several weeks ago that they suspected Obama’s Department of Justice had iced out conservative organizations looking for their share of the more than $1 billion legal settlement the DOJ collected from “big banks” who’d played a part in the housing crisis of the late 2000s. The DOJ required banks included in the settlement agreement to make “mandatory donations” to non-profits working on housing and property rights policies.
Yesterday, the same committee said that emails from Associate Attorney General Tony West show West and other DOJ officials had been asking colleagues how to allocate the “slush fund” money to organizations “of our choosing,” and requesting advice on how to avoid directing settlement funds to organizations who leaned conservative.
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