Most Corrupt Attorney General In History Concocts Yet Another Crooked Scheme

Holder Cut Left-Wing Groups In On $17 Bil BofA Deal – Investors Business Daily

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Extortion: Radical Democrat activist groups stand to collect millions from Attorney General Eric Holder’s record $17 billion deal to settle alleged mortgage abuse charges against Bank of America.

Buried in the fine print of the deal, which includes $7 billion in soft-dollar consumer relief, are a raft of political payoffs to Obama constituency groups. In effect, the government has ordered the nation’s largest bank to create a massive slush fund for Democrat special interests.

Besides requiring billions in debt forgiveness payments to delinquent borrowers in Cleveland, Atlanta, Philadelphia, Oakland, Detroit, Chicago and other Democrat strongholds – and up to $500 million to cover personal taxes owed on those checks – the deal requires BofA to make billions in new loans, while also building affordable low-income rental housing in those areas.

If there are leftover funds in four years, the settlement stipulates the money will go to Interest on Lawyers’ Trust Account (IOLTA), which provides legal aid for the poor and supports left-wing causes, and NeighborWorks of America, which provides affordable housing and funds a national network of left-wing community organizers operating in the mold of Acorn.

In fact, in 2008 and 2009, NeighborWorks awarded a whopping $25 million to Acorn Housing.

In 2011 alone, NeighborWorks shelled out $35 million in “affordable housing grants” to 115 such groups, according to its website. Recipients included the radical Affordable Housing Alliance, which pressures banks to make high-risk loans in low-income neighborhoods and which happens to be the former employer of HUD’s chief “fair housing” enforcer.

BofA gets extra credit if it makes at least $100 million in direct donations to IOLTA and housing activist groups approved by HUD.

According to the list provided by Justice, those groups include come of the most radical bank shakedown organizations in the country, including:

• La Raza, which pressures banks to expand their credit box to qualify more low-income Latino immigrants for home loans;

• National Community Reinvestment Coalition, Washington’s most aggressive lobbyist for the disastrous Community Reinvestment Act;

• Neighborhood Assistance Corporation of America, whose director calls himself a “bank terrorist;”

• Operation Hope, a South Central Los Angeles group that’s pressuring banks to make “dignity mortgages” for deadbeats.

Worse, one group eligible for BofA slush funds is a spin-off of Acorn Housing’s branch in New York.

It’s now rebranded as Mutual Housing Association of New York, or MHANY. HUD lists MHANY’s contact as Ismene Speliotis, who previously served as New York director of Acorn Housing.

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CBO “Revises” Its 2014 GDP Forecast, Hilarity Ensues (As Always) – Tyler Durden

CBO “Revises” Its 2014 GDP Forecast, Hilarity Ensues (As Always) – Tyler Durden

The gross, in fact epic, incompetence of the Congressional Budget Office when it comes to doing its only job, forecasting the future state of the US economy, has previously been extensively documented here (and here and here and here). This incompetence is in the spotlight once again this morning with the CBO’s release of its latest forecast revision of its original February 2014 projection.

And while every aspect of the revised projection has changed, in an adverse direction of course, the punchline is the chart below: the CBO’s revised projection for 2014 GDP. It’s one of those “no comment necessary” visuals.

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Surprising? Hardly. After all the CBO is swarming with indoctrinated Keynesian cultists whose only achievement in life is to be wrong about everything (and then to blame the Fed for not “easing enough”). Here is how the CBO “explains” this 50%+ cut in its forecast in just 6 months:

CBO has lowered its projection of real growth of GDP in 2014 from 3.1 percent to 1.5 percent, reflecting the surprising economic weakness in the first half of the year.

Which as other Keynesian talking heads have already made quite clear was due to snow. That’s right: over $100 billion in forecast economic growth “evaporated” from the US economy because it… snowed.

The good news? The CBO refuses to forecast the “harsh weather” for the foreseeable future, and has kept all of its 2015 and onward GDP estimates as is. So when things go horribly wrong to the CBO’s forecast, which is 100% guaranteed to happen, the CBO can again blame “surprising economic weakness” because, well, everyone else is doing it.

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Those who wish to waste their time can find the source here.

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*VIDEO* Andrew Klavan: Income Redistribution


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Senate GOP Leaders Paid For Mississippi Runoff Ads Accusing Conservatives Of Being Racists

Confirmed: Senate Republican Leaders Paid For Attacks Against Conservatives – Red State

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I can confirm that the attack ads in Mississippi run by “All Citizens for Mississippi” were funded by Senate Republicans, including Senators Mitch McConnell, John Cornyn, Rob Portman, Bob Corker, and Roy Blunt. It appears our Senate Republican leaders are willing to risk losing a Senate majority so long as they can get their own re-elected. Yes folks, it is true. I can confirm what we all suspected.

The advertisements attacked Mississippi State Senator Chris McDaniel and painted conservative Republicans and tea party activists as racists. According to documents filed with the Federal Elections Commission, All Citizens for Mississippi received funding from a Haley Barbour backed group called Mississippi Conservatives.

Mississippi Conservatives, in turn, was funded in part by Sally Bradshaw of the RNC’s Growth and Opportunity Project, former RNC Chairman and Mississippi Governor Haley Barbour, the United States Chamber of Commerce, and the political action committees created for Senators Mitch McConnell ($50,000), John Cornyn ($50,000), Rob Portman ($25,000), Bob Corker ($25,000), and Roy Blunt ($5,000).

Interestingly, Sally Bradshaw and Henry Barbour (Haley Barbour’s nephew) worked on the autopsy of the 2012 GOP loss.

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Obama’s HHS Bankrolled Catholic And Baptist Churches From 2010 To 2013 To Prepare For Illegal Alien Invasion

HHS Bankrolled Catholic And Baptist Church From 2010 To 2013 To Prepare For Obama’s 2014 Invasion – Liberty News

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A month or two ago news broke that Obama’s HHS was calling for private contractors to help transport illegal aliens throughout the interior United States. What made this already big news even bigger is the fact that the original call for proposals came out in January, long before the bulk of the illegal alien surge began.

The breaking news you’re about to read is ten times bigger, because the following proves the Obama administration was bankrolling America’s churches back in 2010. And the tens of millions were flowing in to prepare for the invasion currently underway.

The following is a small taste of what’s out there in grant records. This is just the tip of the iceberg, folks.

Between Dec 2010 and Nov 2013, the Catholic Charities Diocese of Galveston received $15,549,078 in federal grants from Health & Human Services for “Unaccompanied Alien Children Project” with a program description of “Refugee and Entry Assistance.”

Last year, the Catholic Charities Diocese of Fort Worth received $350,000 from Department of Homeland Security for “citizenship and education training” with a program description of “citizenship and immigration services.”

Between September 2010 and September 2013, the Catholic Charities of Dallas received $823,658 from the Department of Homeland Security for “Citizenship Education Training” for “refugee and entrant assistance.”

From Dec 2012 to January 2014, Baptist Child & Family Services received $62,111,126 in federal grants from Health & Human Services for “Unaccompanied Alien Children Program.”

Any questions?

Document about Unaccompanied Alien Children Project located here.

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More Proof The National Republican Senatorial Committee Funded Racist, Anti-Tea Party, Anti-McDaniel Ads In Mississippi

More Proof The NRSC Funded Racist Anti-Tea Party Anti-McDaniel Ads In Mississippi – Gateway Pundit

Last week we learned this…

Former GOP Governor Haley Barbour Was Behind Racist Anti-Tea Party Pro-Cochran Ads In Mississippi

The former governor’s group paid for the racist radio ads.

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FOX News reporter Ainsley Earhardt broke the news on Hannity that that the racist, anti-Tea Party pro-Cochran ads that played on black radio stations in Mississippi were paid for by former Republican governor Haley Barbour’s super-PAC.

Then we found out this…

The NRSC is linked to the racist anti-Tea Party ads in Mississippi.

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And, now there’s more evidence the NRSC funded these racist anti-Tea Party ads…

Got.News has more proof that the NRSC funded the racist anti-Tea Party ads in Mississippi against conservative Chris McDaniel.

Gotnews.com has exclusively obtained another “All Citizens for Mississippi” radio ad from conservative media consultant Rick Shaftan, who stands by his allegation that these ads were paid for by media buyer Jon Ferrell at National Media of Alexandria, Virginia using funds provided by the National Republican Senatorial Committee (NRSC).

The newly-surfaced 90 second ad features Arthur L. Siggers, who identifies himself in the ad as pastor of the Mt. Olive Baptist Church and makes similar racially-charged accusations against U.S. Senate candidate Chris McDaniel to the ad featuring Bishop Ronnie Crudup of New Horizon Church International that Gotnews.com reported on Monday.

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Federal Government Made $100B In Improper Payments To Unentitled Recipients

Government Made $100B In Improper Payments – Associated Press

By its own estimate, the government made about $100 billion in payments last year to people who may not have been entitled to receive them – tax credits to families that didn’t qualify, unemployment benefits to people who had jobs and medical payments for treatments that might not have been necessary.

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Congressional investigators say the figure could be even higher.

The Obama administration has reduced the amount of improper payments since they peaked in 2010. Still, estimates from federal agencies show that some are wasting big money at a time when Congress is squeezing agency budgets and looking to save more.

“Nobody knows exactly how much taxpayer money is wasted through improper payments, but the federal government’s own astounding estimate is more than half a trillion dollars over the past five years,” said Rep. John Mica, R-Fla. “The fact is, improper payments are staggeringly high in programs designed to help those most in need – children, seniors and low-income families.”

Mica chairs the House Oversight subcommittee on government operations. The subcommittee is holding a hearing on improper payments Wednesday afternoon.

Each year, federal agencies are required to estimate the amount of improper payments they issue. They include overpayments, underpayments, payments to the wrong recipient and payments that were made without proper documentation.

Some improper payments are the result of fraud, while others are unintentional, caused by clerical errors or mistakes in awarding benefits without proper verification.

In 2013, federal agencies made $97 billion in overpayments, according to agency estimates. Underpayments totaled $9 billion.

The amount of improper payments has steadily dropped since 2010, when it peaked at $121 billion.

The Obama administration has stepped up efforts to measure improper payments, identify the cause and develop plans to reduce them, said Beth Cobert, deputy director of the White House budget office. Agencies recovered more than $22 billion in overpayments last year.

“We have strengthened accountability and transparency, saving the American people money while improving the fiscal responsibility of federal programs,” Cobert said in a statement ahead of Wednesday’s hearing. “We are pleased with this progress, but know that we have more work to do in this area.”

However, a new report by the Government Accountability Office questions the accuracy of agency estimates, suggesting that the real tally could be higher. The GAO is the investigative arm of Congress.

“The federal government is unable to determine the full extent to which improper payments occur and reasonably assure that appropriate actions are taken to reduce them,” Beryl H. Davis, director of financial management at the GAO, said in prepared testimony for Wednesday’s hearing.

Davis said some agencies don’t develop estimates for programs that could be susceptible to improper payments. For example, the Health and Human Services Department says it cannot force states to help it develop estimates for the cash welfare program known as Temporary Assistance for Needy Families. The program is administered by the states.

The largest sources of improper payments are government health care programs, according to agency estimates. Medicare’s various health insurance programs for older Americans accounted for $50 billion in improper payments in the 2013 budget year, far exceeding any other program.

Most of the payments were deemed improper because they were issued without proper documentation, said Shantanu Agrawal, a deputy administrator for the Centers for Medicare & Medicaid Services. In some cases, the paperwork didn’t verify that services were medically necessary.

“Payments deemed `improper’ under these circumstances tend to be the result of documentation and coding errors made by the provider as opposed to payments made for inappropriate claims,” Agrawal said in prepared testimony for Wednesday’s hearing.

Among other programs with large amounts of improper payments:

- The earned income tax credit, which provides payments to the working poor in the form of tax refunds. Last year, improper payments totaled $14.5 billion. That’s 24 percent of all payments under the program.

The EITC is one of the largest anti-poverty programs in the U.S., providing $60.3 billion in payments last year. Eligibility depends on income and family size, making it complicated to apply for the credit – and difficult to enforce, said IRS Commissioner John Koskinen.

“EITC eligibility depends on items that the IRS cannot readily verify through third-party information reporting, including marital status and the relationship and residency of children,” Koskinen told a House committee in May. “In addition, the eligible population for the EITC shifts by approximately one-third each year, making it difficult for the IRS to use prior-year data to assist in validating compliance.”

- Medicaid, the government health care program for the poor. Last year, improper payments totaled $14.4 billion.

Medicaid, which is run jointly by the federal government and the states, has seen a steady decline in improper payments since 2010, when they peaked at $23 billion.

The program is expanding under President Barack Obama’s health law.

- Unemployment insurance, a joint federal-state program that provides temporary benefits to laid-off workers. Amount of improper payments last year: $6.2 billion, or 9 percent of all payments.

The Labor Department said most overpayments went to people who continued to get benefits after returning to work, or who didn’t meet state requirements to look for work while they were unemployed. Others were ineligible for benefits because they voluntarily quit their jobs or were fired.

- Supplemental Security Income, a disability program for the poor run by the Social Security Administration. Amount of improper payments: $4.3 billion, or 8 percent of all payments.

Social Security’s much larger retirement and disability programs issued $2.4 billion in improper payments, according to agency estimates. Those programs provided more than $770 billion in benefits, so improper payments accounted for less than 1 percent.

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