07/13/11

None Dare Call It Treason! Holder Forcing Banks To Loan To Bad Risks…Hey Haven’t We Tried That Already? NO JOB? NO PROBLEM!

By: Pierre Legrand
Pierre Legrand’s Pink Flamingo Bar

Yes treason, I used the word deliberately because you only have two choices with the thugs in charge right now. Either they are incomparably stupid, and that is racist, or they mean to destroy nearly every institution they touch…and in my book that is called treason. Holder is sending arms to Mexico, dragging his feet on voter fraud, and now it appears that he is forcing banks to repeat the foolishness that caused a bit of our problem in 2008. Making loans to bad risks…

In what could be a repeat of the easy-lending cycle that led to the housing crisis, the Justice Department has asked several banks to relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination, according to court documents reviewed by IBD.

Prosecutions have already generated more than $20 million in loan set-asides and other subsidies from banks that have settled out of court rather than battle the federal government and risk being branded racist. An additional 60 banks are under investigation, a DOJ spokeswoman says.

No Job, No Problem

Settlements include setting aside prime-rate mortgages for low-income blacks and Hispanics with blemished credit and even counting “public assistance” as valid income in mortgage applications.

In several cases, the government has ordered bank defendants to post in all their branches and marketing materials a notice informing minority customers that they cannot be turned down for credit because they receive public aid, such as unemployment benefits, welfare payments or food stamps.

Among other remedies: favorable interest rates and down-payment assistance for minority borrowers with weak credit. Holder Launches Witch Hunt Against Biased Banks – Investors.com

07/13/11

Holder’s Office Assures America that Obama Directed Project Gunrunner, March 2009

By: Arlen Williams
Gulag Bound

Early in the Obama administration, on March 24, 2009 according to  the poster of this video, Eric Holder’s Deputy Attorney General, David Ogden assured America and the world of the strategic involvement of President Obama as well as Holder himself, in Project Gunrunner, using funds from the “stimulus” act.

Ogden declares:

The President has directed us to to take action to fight these cartels and Attorney General Holder and I are taking several new and aggressive steps, as part of the administration’s comprehensive plan.  Those steps include the following…

DOJ’s Bureau of Alcohol, Tobacco, Firearms, and Explosives is increasing its efforts by adding thirty-seven new employees in three new offices, using ten million dollars in recovery act funds, and redeploying one hundred personnel to the southwest border in the next forty-five days, to fortify its Project Gunrunner, which is aimed at disrupting arms trafficking between the United States and Mexico.

ATF is doubling its presence in Mexico itself, from five, to nine personnel, working with the Mexicans specifically to facilitate gun tracing — activity which targets the illegal weapons, uh, and their sources in the United States.


Video: “Obama Orders Launched Fast and Furious

Their attempts to deny this now speak to their ineptitude as well as their deceit.

And has our diligent Marxtream media been at the forefront, letting you know?

h/t: John Rolls