Congressman to Holder: Don’t Redistribute $335M Countrywide Settlement to ACORN Groups
In a letter obtained by The Daily Caller, House Judiciary Committee chairman Rep. Lamar Smith warned Attorney General Eric Holder not to permit the transfer of funds from a recent $335 million Department of Justice settlement to organizations associated with the Association of Community Organizations for Reform Now, more commonly known as ACORN, or other advocacy groups allied with President Obama.
Smith is concerned that flimsy language in the settlement agreement with Countrywide Financial — the mortgage arm of Bank of America — could be politically motivated.
“I am concerned that the terms of the Justice Department’s recent settlement with Countrywide Financial Corporation and certain affiliates (collectively, ‘Countrywide’) will allow the Department to give large sums of money to individuals and organizations with questionable backgrounds or close political ties to the White House without any guidelines or oversight,” Smith wrote.
“If that is to be the case, this sort of backdoor funding of the president’s political allies would be an abuse of the Department’s law enforcement authority.”
In December, Countrywide settled with the DOJ for $335 million over allegations that it had discriminated against approximately 200,000 African-Americans and Hispanics by charging them higher interest rates or by placing them in subprime loans.
In his letter to Holder, Smith said the settlement documents allow the DOJ
Read more from Matthew Boyle, The Daily Caller.
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Holder needs to be put in jail for the scams he is complicit with and this entire organized crime scam investigated and prosecuted…….to many wussy folks in the legal enforcement positions.
Holder will do as he pleases. He will also do what his pimp Barry tells him to do and Barry will do what his pimp tells him to do. You people that are ignorant to the point that you think that any politician cares one pile of camel dung about you, your future, your present or anything else about your pitiful little lives are all delusional. The sole focus of thei lives is to stay in power. Power=$$$ and the more power you have the more $$$ you have and the less power and $$$ your enemies , the ones that want your power and money, will have. Barry and his ilk are living like royalty, vacations, campaign speeches and fundraising on the taxpayers dime. Did you know that it costs $170,000 per hour to put Air Force 1 in the air? That doesn't count the cargo plane for the entourage vehichles, the security detail and their equipment, the decoy plane, Michelle's plane etc…ACORN helped put the pharoah on his throne and they will have their pound of flesh. Holder is above the law…some stupid little congressman isn't going to tell him what to do! Goodbye America…Hello Amerixka…later comrades!