Gov’t Waste: Obama-era cash for cronies under House fire


In 2014, the Justice Department settled two cases stemming from the financial crisis against Bank of America and Citigroup worth a combined $23.7 billion, $9.5 billion of which was supposed to go to so-called consumer relief. Shockingly, two of the big winners were the National Council of La Raza and the National Urban League which each scored more than a million dollars from the settlement.

Under the Obama Administration agreements, a good chunk of the massive cash awards ended up being given to third party activist groups as part of the settlement.

Read more HERE.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s