Obama Administration’s Funny Money Now Funding Anti-Trump Resistance

By J.E. Dyer

One aspect of peculiar operations in the Obama administration has gotten little press but merits a thorough investigation.  That aspect is the administration’s use of government agencies to move money around, in ways that surprised and troubled watchdogs, and often didn’t add up. Some of it may be used presently to fund political activism against Trump administration policies.

Some related topics have been covered at length, such as the money waste from the 2009 stimulus package, and the billions of dollars plowed by the taxpayer into Obama’s “green” energy cronies.

But I’m speaking here of a different type of activity.  In this type, the Obama administration used the authority of the executive branch to move money around in obscure and legally questionable ways.  For some of these transactions, there was enough transparency to at least determine where the money went.  For others, we’re still waiting to find out (and perhaps we never will).

A convenient little slush fund

Paul Sperry had a report on 23 September at the New York Post outlining one of the money trails we can follow.  He reports something that will probably bring blood to a boil in more than one quarter.

Settlement money awarded by the Obama Department of Justice to progressive advocacy groups – improperly, in the view of many – is being used to fund political activism against Trump administration policies.

Where did the money come from originally?  The Obama DOJ’s shakedown of big banks over the mortgage crisis.  Sperry explains:

The Obama administration’s massive shakedown of Big Banks over the mortgage crisis included unprecedented back-door funding for dozens of Democratic activist groups who were not even victims of the crisis.

At least three liberal nonprofit organizations the Justice Department approved to receive funds from multibillion-dollar mortgage settlements were instrumental in killing the ObamaCare repeal bill and are now lobbying against GOP tax reform, as well as efforts to rein in illegal immigration.

An estimated $640 million has been diverted into what critics say is an improper, if not unconstitutional, “slush fund” fed from government settlements with JPMorgan Chase and Co., Citigroup Inc. and Bank of America Corp., according to congressional sources.

Some of that $640 million went to the National Council of La Raza and the National Urban League, to be used in 2017 for campaigns against repealing and replacing Obamacare.

The National Community Reinvestment Coalition (NCRC), which also got some of the slush-fund settlement money, has been busy railing against efforts to privatize Fannie Mae and Freddie Mac and repeal portions of Dodd-Frank that have hit small businesses hard and have dogged economic recovery for years.

Liberty Unyielding contributor Hans Bader reported in June that Jeff Sessions had put a stop to the dubious practice of handing out settlement money to Obama’s political cronies…

 

Read the Rest of the Story at the Lid… 

Please leave your comments below