Connect with us

Obama Nailed With Huge Corruption Lawsuit – $17 Billion Of Taxpayer Money Is Gone

News

Obama Nailed With Huge Corruption Lawsuit – $17 Billion Of Taxpayer Money Is Gone

Former President Obama disposed of the American people as he frequently ignored the wishes of our representatives in Congress.

Government watchdog Judicial Watch has filed a Freedom of Information Act (FOIA) lawsuit demanding the Department of Justice release all records of the Obama administration policy of forcing corporations to “donate” to Left-wing special interest groups (via Judicial Watch).

 

The lawsuit was filed as a result of a House Judiciary and Financial Services Committee investigation that determined the Department of Justice under Obama was extorting major corporations.

The committee found that Obama, “engaged in a pattern or practice of systematically subverting Congress’ budget authority by using settlements from financial institutions to funnel money to left-wing activist groups.”

 

For example, The Justice Department, under Attorney General Eric Holder, settled a $17 billion mortgage abuse case with Bank of America by demanding the bank donate to Left-wing organizations (via Investor’s Business Daily).

Instead of using the massive sum of money to compensate victims or fulfill shortfalls in the Federal budget the Obama administration illegally shuffled the money to radical liberals.

Only Congress has the authority to determine government spending. Unable to push funding for Left-wing groups through Congress, Obama created a slush fund at the Justice Department.

Frivolous lawsuits were filed against major corporations (including many banks) in the hopes that the corporations would settle out of court.

Included in the settlement agreements were stipulations that the corporations “donate” to Left-wing organizations that Congress refused to finance. In the $17 billion Bank of America lawsuit, Obama was able to force the bank to “donate” to Left-wing housing initiatives and special interest groups in support of Obama.

$7 billion from the settlement were directed to debt relief programs and to build low-income housing projects in major Democrat cities including Chicago and Detroit. Millions of dollars were also directed to liberal activist groups like the Mutual Housing Association of New York which is an offshoot of the disgraced radical group ACORN.

“It is hard to imagine a more abusive practice by the Obama Justice Department than shaking down corporations to funnel billions of dollars that should belong to the taxpayers into the pockets of the former president’s pet liberal causes,” explained Judicial Watch President Tom Fitton.

Thankfully, Attorney General Jeff Sessions ended the extortion racket. But we need to hold Obama accountable for his blatant abuse of authority.

 

Do you think the Justice Department will release the records? Please share the story on Facebook and tell us what you think because we want to hear YOUR voice!

Continue Reading
To Top