Western Journalism Center
Commentary by Jim Campbell
Aren’t these the people who are always whining about fairness?
Further proof that the current administration will continue to amaze us with their unfettered corruption until We the People rise up and say that it, you crooks are going to prison. Let us not forget that the $25 billion is not their money but ours. When is enough, enough?
That’s my story and I’m sticking to it, I’m J.C. and I approve this message.
Five big banks have agreed to give twenty-three Democratic attorneys general more than a billion dollars that can be distributed to housing groups and community organizers in the months before the 2012 election.
The money is part a deal valued at $25 billion that the five banks announced Feb. 9 with President Barack Obama’s deputies and with a coalition of 50 attorneys general. Ninety percent of the value consists of mortgage write-offs, accounting changes and cash transfers that are to be delivered to homeowners over the next three years.
But $1.1 billion in cash will be transferred to the Democratic attorneys general as soon as the deal is approved by a judge, which is expected to happen in March or April.
The bank deal is also slated to deliver almost $1.4 billion to Republican attorneys general, but many of the GOP attorneys general have already announced they will transfer the funds to state legislatures.
Read more at The Daily Caller. By Neil Munro.