Holder Brags About Burning 3,000 Bankers at the Stake

Paul Sperry, Investor’s Business Daily, January 2, 2012

In an end-of-year press release—posted under the banner headline “Accomplishments Under the Leadership of Attorney General Eric Holder”—the Justice Department boasts of charging “nearly 3,000” bankers with lending discrimination and fraud.

If all of them were guilty, this would be quite an accomplishment. {snip}

But none of the race-bias cases highlighted by the administration was litigated in court. Evidence was never presented or tested, nor guilt ever proven. What’s more, no incident of discrimination was ever specified, and no individual complainants or victims of discrimination were ever identified.

All the major defendants—Bank of America, Wells Fargo and SunTrust Mortgage—settled while strongly denying Holder’s allegations that they charged blacks and Latinos a “racial surcharge” for mortgages simply because of the color of their skin.

In court documents, they argued that if Holder’s civil-rights prosecutors conducted an “appropriate analysis” of their loan data and loan-file documentation, it would have shown no disparate impact in product placement against African-Americans or Hispanics. They argued that any differences in loan pricing were attributable to legitimate, nondiscriminatory factors, such as poor credit.

When one defendant recently fought back in court, the administration admitted in a little-noticed court filing that, indeed, it had not considered all the credit factors that went into the lender’s decisions to charge higher rates for loans to minorities whose credit history left them unqualified for prime loans.

GFI Mortgage Bankers Inc. last summer asked a federal judge to dismiss a lending discrimination complaint filed by Holder. The New York-based lender argued that the government failed to establish a link between its policies and lending disparities outlined in the suit.

When Justice opposed GFI’s motion, it revealed a serious flaw in its “statistical regression analyses” used in almost every race-bias case filed against lenders under this administration.

It acknowledged that its models do not account for all factors related to borrowers’ credit risk and loan characteristics—factors that could explain disparities in loan pricing by race.

In the court filing, Justice Department official Thomas Perez, chief of the civil-rights division, said the sum total of the government’s proof was “statistical evidence” that did not include all elements of creditworthiness. But he argued that the government did not need to control “all measurable variables” to prove discrimination, that it “need not prove discrimination with scientific certainty.”

In other words, Holders’ diversity police relied on incomplete statistics as evidence to prove intentional discrimination. {snip}

GFI’s attorney Andrew Sandler complained that Justice has been using an overly broad and “now discredited interpretation” of civil-rights law known as “disparate impact.” But GFI happened to draw an Obama-appointed judge to hear its motion to dismiss what looked to be groundless charges against it.

With that judicial leaning in mind, GFI agreed to settle the case. It will fork over more than $3.5 million to as-yet unidentified black and Latino victims of alleged mortgage discrimination and also “qualified organization(s) that provide programs targeted at African-Americans and Hispanic potential and former homeowners.”

It also agrees to implement over the next 4-1/2 years a “fair lending monitoring program” to make management and its employees more sensitive to the “credit needs” of the minority community.

{snip}

Topics: , ,

Share This

We welcome comments that add information or perspective, and we encourage polite debate. If you log in with a social media account, your comment should appear immediately. If you prefer to remain anonymous, you may comment as a guest, using a name and an e-mail address of convenience. Your comment will be moderated.
  • WmarkW

    This is perhaps the most worrisome story on Amren in at least months. That government prosecutors can “prove” disparate impact by leaving key information out of statistical models, and say to defendants — we can put you on trial seeking punitive damages many times greater than they actual cost you inflicted on anyone; or you can just settle for less.

    Actual proved discrimination is and should be a serious offense.
    Making 100 innocent people settle for 1% of what a guilty party would pay, should not be the enforcement strategy.

    • The__Bobster

      This is what the moolies call “social justice”. The only thing they have to prove is that YT has more than they do.

      • The Worlds Scapegoat

        They better hope the “social justice” pendulum doesn’t swing the other way.

        • Liberalsuck

          These black bigots and self-hating white liberals will one day pay for all this anti-white tripe they’ve been pulling on us for the past almost 50 years now. I may not live to see it, but the pendelum will swing the other way and these traitors will pay for all this.

          • rebelcelt

            If they completely get their way, that will be hell for them. Just as every African country is a hellhole.

    • http://www.newnation.org/ sbuffalonative

      While I’m not a fan of big banks, this can only spread and needs to be addressed.
      Businesses need to get together and develop a strategy to deal with this. Not automatically giving in would be a good start and supporting each other would help.

      Companies need to hang together and fight back as a group to let the government know that they will fight back in the courts and the court of public opinion.

      • C_C_Conrad

        Does anybody really expect conservatives to fight anything?

        ……….

        Jack’s War

        • William_JD

          Big business is anything but conservative.

        • anonymous

          That’s because the ‘conservatives’ today are simply controlled opposition. pretty sad when conservative white men have to rely on blacks or women to say and do things they are too cowardly to do. it’s even more pathetic when my conservative friends on Facebook will post a story about Allen West saying and doing something that white conservative men should be doing and saying. I tell them,”When are you guys going to learn that the liberals and most blacks associate racism with conservative white people? We can pander to them all we want and you will still lose elections. You can get defensive everytime they call you a racist and you still will lose. You guys don’t get it and I dn’t know when you’ll wake up.” Some of those friends have defriended me. They just can’t deal with reality.

  • Enar_Larsson

    —In the court filing, Justice Department official Thomas Perez, chief
    of the civil-rights division, said the sum total of the government’s
    proof was “statistical evidence” that did not include all elements of
    creditworthiness. But he argued that the government did not need to
    control “all measurable variables” to prove discrimination, that it
    “need not prove discrimination with scientific certainty.”—

    In other words, we don’t need statistics in the technical sense at all. Forget proving cause; we don’t even need to prove correlation, statistical significance, etc. All we need to do is look at tallies. How many from each identity group were given loans and how many defaulted. If there is a difference in tally, QED. I wonder what kinds of conclusions we could draw from analyzing inner-demographic violent crime this way…

  • MekongDelta69

    All the major defendants—Bank of America, Wells Fargo and SunTrust Mortgage—settled while strongly denying Holder’s allegations that they charged blacks and Latinos a “racial surcharge” for mortgages simply because of the color of their skin.

    Yeah – but they ‘settled’ – and that’s all ‘his people’ wanted.

    M-O-N-E-Y

    • Ulick

      I disagree that all they wanted was money. They also wanted to break the back of the bankers so as to demoralize them from applying their colorblind statistical formula. Now the bankers, as well as all businesses will be über-conscious about applying any formula that has a disparate impact on minorities regardless of whether that formula is colorblind in application.

      It’s the same thing Holder has done to police and fire departments. It’s about trying to establish disparate impact as the rule of the land, and trying to lower societal standards so that blacks can get a job or house that they wouldn’t qualify for based on merit.

      • I forgot

        Banks will simply ignore creditworthiness and loan money to anyone with a pulse. They’ll recover their losses by charge higher interest and fees on their performing loans — i.e. the ones they make to you and me. It’s called reparations.

        • C_C_Conrad

          Good. This will break the banks. Worse is better.

          ……….

          Jack’s War

          • The Worlds Scapegoat

            The longer we wait, the greater the coming storm will be. The larger the storm, the bigger the mess, and the longer it will take to clean it up.

          • C_C_Conrad

            You’re right. But then, we’ve been waiting at least since 1945.
            ………
            Jack’s War
            http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Dstripbooks&field-keywords=jack%27s+War

          • Brian

            What bothers me is a quote from Patrick Moore, the British Astronomer who died recently. After the War, he met a former German general, who told him “You may have won two World Wars, but you will lose the Third. The Financial War.”
            Even back then, some people had an inkling of what was coming.

          • C_C_Conrad

            So true. Hitler even warned Churchill that if England engaged Germany in a war that England would lose their empire, and they did.

          • http://countenance.wordpress.com/ Question Diversity

            Well, it didn’t take Hitler. Essentially, when Churchill begged FDR to help him crush Germany forever, Churchill asked, “how much?” and FDR stuck his hand out and said, “that will be one empire, please, after tax.”

            You think NORAD is just this cute outfit that produces cartoons through the day and evening of December 24? It’s how the American Empire annexed Canada from the British Empire. ANZUS is how we annexed Australia and New Zealand from the same. And everyone is so dumb as to think that some brown hippie wearing a potato sack and glasses actually dislodged the Indian subcontinent from the British Empire. Trivia: Rush Limbaugh’s grandfather (same name, Senior) was appointed by President Eisenhower as part of the team to design a new post-imperial legal system for “independent” India.

          • Liberalsuck

            True, but in 1947 (when India got their independence from the British Empire), Britain was pretty much broke and lost their morale after being in two world wars and losing a lot of young men. That’s what makes empires fall over time. Eventually you lose money, soldier’s morale, soldiers willing to follow your orders and your subjects you have oppressed eventually revolt.

          • saxonsun

            Not me, friend. I never thought that little brown man had any power over the British.

          • Liberalsuck

            Even Germany before Hitler and right before WWI told the British Empire they didn’t want war with them and simply wanted a fleet (circa 1912) to protect their commerce. The Brits policy then was that their navy has to be the most powerful and that no country could have a naval power bigger than them. Sound like us today, right? You know, we say ‘Oh, we can’t let (such and such country) have nuclear weapons; they’re crazy.’ I ask, “Who gives us the authority to decide who can and who can’t have nuclear weapons? What makes them crazy and not us? what if those same countries told us we can’t have firearms or have nuclear weapons?” The chickenhawks repeat the same ‘We can’t let everyone have nuclear weapons’ line even after I just poised those questions to them. They are almost as bad as the cultural marxists.

          • C_C_Conrad

            Yep! You’re absolutely right.

            ………
            Jack’s War

          • robinbishop34

            Bingo.

          • Liberalsuck

            Yep. That reminds me of that scene from the movie Catch 22. An old Italian man tells the American troops there that throughout history that armies and empires had come and go throughout his land and that the America would not always be a superpower. When the young man scoffed at the thought of our country not being so might anymore, the old man said, ‘What makes you think America is any different?’

          • liberalsuck

            This whole “worse is better” hasn’t had much results for our people. We take more abuse and think “oh, well” and our complaints are only when we meet our friends or family for the occasional drinks or coffee or dinner. Nothing ever gets accomplished.

          • C_C_Conrad

            This is because things have not gotten worse yet. A little inconvenient yes but not enough to clearly show people that they have no choice but to take real action. We are fighting against a very … slow… incremental … destroyer of our race. We are used to things happening much faster so it isn’t easily recognized, but it will be one day. See Wilderness Empire.
            ………..
            Jack’s War
            http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Dstripbooks&field-keywords=jack%27s+War

        • http://twitter.com/seedymedia r j p

          They did the same thing to credit card issuers ….

      • The Worlds Scapegoat

        They wanted this more than anything else: ” … they charged blacks and Latinos a “racial surcharge””

        They wanted an excuse for their own failure. With that, they now have more power than they would have gotten with the money.

      • Liberalsuck

        the jobs started to go overseas more and more after 1964 when the ‘Civil Rights Bill’ was passed. Coincidence?

      • shattered

        Don’t stop there. He’s been after the doctors too. http://archive.mises.org/12831/doj-declares-war-on-doctors/

        • Bon, From the Land of Babble

          There’s more:

          Scientists too:

          Quotas limiting the number of male students in science may be imposed by the Education Department in 2013. The White House has promised that ‘new guidelines will also be issued to grant-receiving universities and colleges” spelling out ‘Title IX rules in the science, technology, engineering and math fields.’

          Hell, even NASA has become a muslim outreach center.

          http://www.openmarket.org/2012/07/10/quotas-limiting-male-science-enrollment-the-new-liberal-war-on-science/

          Bon

          • shattered

            Totally nuts. Government out of control.

    • Liberalsuck

      They settled instead of telling these ‘civil rights’ charlatans to take a hike?

      P-U-S-S-I-E-S

  • http://countenance.wordpress.com/ Question Diversity

    Ironically, real prosecutions of real Wall Street crooks in Obama’s first term were practically non-existent, compared to plenty in Bush’s second term.

    Jon Corzine got off totally scot free. BTW, ONLY a company based in New Jersey would be called “M.F.”

    • The__Bobster

      How can Obongo go after the bankers when he himself helped create the situation?

      http://tickerforum.org/akcs-www?post=121835

      • http://countenance.wordpress.com/ Question Diversity

        http://www.politico.com/news/stories/0512/76259.html

        Obama’s excuse is that Dodd-Frank isn’t strong enough. Bush’s DOJ didn’t have Dodd-Frank, but still somehow found enough Federal laws to string up enough WS types. And also, everything is a Federal crime these days — If the Federal government isn’t prosecuting you, all it means is that they don’t want to.

    • http://twitter.com/seedymedia r j p

      M.F. Global …

      • http://countenance.wordpress.com/ Question Diversity

        I’m guessing our F.I.T. withholdings.

        • http://twitter.com/seedymedia r j p

          Actually no, the MF Global money was all stolen out of Chicago.
          It was “customer segregated funds”.

  • 48224

    Burning bankers at the stake? Well at least Holder is sticking to what he knows. High finance is the white man’s voo-doo so it is totally appropriate that a little burning at the stake is a “cure” in Holder’s mind.

    • Luca

      At least he was politically correct, “burning them at the stake” is better than saying he was going to “lynch” them. (sarcasm)

      • Joshua

        You may be using sarcasm, but we all know that Whites are experts when it comes to lynching, in particular, lynching Blacks.

        • Luca

          Before you regurgitate liberal talking points for the sake of sounding cool do some research. Even according to the Tuskegee Institute about 3500 blacks were lynched between 1882 and 1968. And also 1300 whites, which means lynching was simply a form of vigilante justice. therefore the public, not satisfied with the legal system took matters into their own hands. is it possible that the higher number of blacks lynched might just correlate to their propensity to commit more crimes per captia? Read history, real history and not the scat they teach in colleges today. The largest mass lynching in the US took place in New Orleans in 1891, when 11 Italian immigrants were lynched. Google it.

        • Bon, From the Land of Babble

          Nonsense.

          Lynching was primarily extracted on criminals, whether they were white or black, and a significant number of whites were lynched in the South.

          Historically, lynching was most often applied to those guilty of rape, robbery or murder. Considering the disproportionate amount of murders and rapes committed by blacks against Whites it stands to reason that blacks would be more likely lynched than Whites.

          According to the FBI and Justice Department:

          Black are an estimated 57 (that is 5,700 percent) times more likely to commit violent crime against a White than vice versa, and 136 times (13,600 percent) more likely to commit robbery.

          Over 34,460 White women are sexually assaulted or raped by Black men each year, and most authorities believe that the actual rape figures are at least twice the reported number. The number of White rapes against black women is statistically zero because there are fewer than 10 cases nationally.

          Black predators are at least 22 times (2,200 percent) more likely to murder White women than the reverse.

          http://www.amren.com/wp-conten

          Bon

        • Jim G

          In 86 years from 1882 to 1968 there were 3,446 Blacks
          lynched. In one year alone, 2005, there were 7,387 Blacks killed by Blacks.

          Most of the Blacks lynched in America were Blacks guilty of capital crimes. Rather than as is now the practice of waiting, spending millions of dollars, and allowing the Black rapists and murderers to enjoy a long life at taxpayers expense the extra-legal practice of quick justice by lynching took place.

          Today typical examples of Black lynching would be the Blacks that tortured, raped, and murdered Channon Christian and Christopher Newsom, or the Black Carr brothers in the Wichita Massacre where they tortured and killed five White people.

          Although highly controversial, lynching saved tens of thousands of White lives. Lynching also deterred Blacks from committing crimes and undoubtedly saved many more Black lives than it took. Thus lynching in the final analysis benefited Blacks.

    • Pelayo

      That what his friend KIng Samir Shabazz called for. “KIll crackuhs and kill their little babies.” I think there are only about 4 people in the US who are outraged about that incident.

      • Liberalsuck

        That’s because whites aren’t facing a South African situation. Most whites don’t know that they are much more likely to be a victim of racial violence than are blacks. Most whites feel if a black does something bad to them that they think it’s justified. It’s almost like a whimpy nerd who doesn’t have any self confidence and so does not fight back when he is bullied.”

        • Pelayo

          They had better learn soon. I think that it’s quickly getting to a SA situation. We have an edge that the Boers don’t. We still outnumber the Mau Mau and we need to send the enemy a strong message, A good start would be the formation of a White Peoples party whose mission is the advancement of the White agenda; that being the retaking of the country that we built. If something doesn’t happen soon there WILL be an armed civil conflict.

          • Jim G

            I don’t think that the Boers
            and the Boer
            Wars
            , in South Africa fought during 1880-1881 and 1899-1902, had anything to do with the Mau Mau Uprising, in Kenya, East Africa between 1952 and 1960.

            The British are featured in both. It was during the Boer Wars that the British
            introduced the Concentration Camp, copied by Hitler 40 years later.

  • falsedawn

    “credit needs” – yep they needs to get their paws on somma dat monee…

  • FourFooted_Messiah

    I wish I was allowed to brag about burning thousands of Pakistanis at the stake, and I wish I had the wherewithal to actually do it.

    I do not like Pakistanis at all.

  • curri

    Holder goes for payoff money instead of prosecutions:

    http://www.capitalismwithoutfailure.com/2011/12/bill-black-on-incidence-of-fraud.html

    “On the prosecution of fraud following the Savings and Loan Crisis: Our agency filed over 10,000 criminal referrals that resulted in over 1,000 felony convictions. We worked closely with the FBI and the Justice Department, to prioritize cases—creating the top 100 list of the 100 worst institutions which translated into about 600 or 700 executives. We went after the absolute worst frauds.

    On the prosecution of fraud following the current crisis: We now have appointed anti-regulators. The FBI warned in open testimony in the House of Representatives, in September 2004, that there was an epidemic of mortgage fraud, and they predicted that it would cause a financial crisis if it were not contained. It was not contained. Since then we have had zerocriminal referrals. They completely shut down making criminal referrals. Both the Bush Administration and the Obama Administration have not made it a priority to prosecute these elite criminals who caused this devastating injury.

    On the incidence of fraud : “Liars loans” means that there was no prudent underwriting of the loan. About one-third of all the loans made in 2006 were liars loans. The Anti-Fraud Specialist Unit of the Mortgage Bankers Association – the trade association of the perps – reported this to every member of the Mortgage Bankers Association in 2006. The Anti-Fraud Specialist Unit stated the following: 1. Liars loans are an open invitation to commit fraud, 2. Liars loans contain a 90% incidence of fraud, and 3. Loans that were named “Alt-A” were actually liars loans. So nobody can claim they did not know. After 2006, liars loans grew to comprise over half of all loans made.
    On who was committing the fraud: It was overwhelmingly lenders and their agents that put the ‘lie’ in liars loans. ”
    (…)

  • PesachPatriot

    I thought burning at the stake was for witches…besides didn’t some guys name George and Thomas and Benjamin put something about no cruel or unusual punishment in some outdated document we have under glass in the smithsonian? I’m sure this kind of talk will inspire lots of foreign capital to take a dip in the filthy duck pond we call the american financial system….lend to minorities and get defaulted on within 48 hours, or not lend and get sued….some catch 22.

    • William_JD

      Witches were hanged.

      • PesachPatriot

        I thought witch hangings were only in britain, scotland, ireland and wales and british ruled parts of the USA. Wasn’t burning at the stake the traditional punishment in continental europe? I like witches, who were usually just harmless old crones with black cats, a lot better than most of our politicians and captains of industry.

  • Dave4088

    So in other words the Holder/Perez lawsuit was a typical witch hunt and a witch is any lending institution named by them even with scant evidence. And said lending institutions were symbolically burned at the stake in the form of hefty court fines.

    For those that need an introduction to Thomas Perez, he is a fire breathing mestizo racist and revanchist, champion of illegal aliens and distinguished member of La Raza which is just a KKK for militant mestizos.

  • http://www.facebook.com/people/Jessica-Bates/100000284781928 Jessica Bates

    If he literally burned 3,000 bankers at the stake, I’d pay attention to him.

  • ATBOTL

    Yet banks, big business and the super rich all fanatically back policies that will guarantee permanent rule by people like Obama and Holder.

  • bigone4u

    The not so hidden agenda is not to help blacks receive justice, but to destroy the economy or perhaps more accurately to force all businesses into a national socialist type economic environment focused on “social justice” rather than growth. This is raw naked state aggression. While aimed at unpopular bankers, the next step will take it to Main Street or even your street. Resist in any way possible. Wage guerilla war against the system.

    • Pelayo

      “….to force all businesses into a national socialist type economic environment focused on “social justice” rather than growth.”
      National Socialist- you got it right! And we, the Whites, are the new Jews.

  • Dr. Doom

    Science? That’s Whitey’s thing! We don need no stinkin’ science!

    Gibsmedat!

    • historybuff

      Nope, while in the modern era for the past 600 odd years, whites have clearly dominated the sciences, historically, the genesis of the earliest concepts of Science and Mathematics, one would say sophisticated civilization in general was an Asian thing. Asian cultures ( India, China & Mesopotamian-Sumerian) were the first to invent Mathematics, Science, Town building, Metallurgy, Infrastructure, Complex religions and Arts.

      • NM156

        Yeah, they had some cute inventions. I’ll see your cuneiform chisel wedges and raise you a Pythagoras, Newton, and Gauss.

        • Liberalsuck

          Oh, no. Guys, can we PLEASE not get into this “Whites are smarter than Asians/Asians are smarter than whites” debate? Please? It gets nowhere. It’s almost like the debates we have on interracial dating. It’s clear that whites and Asians make and create better civilizations than do blacks or Hispanics. That much we can agree on.

          • NM156

            …and my girlfriend an be here in a half hour with a Pascal, Maxwell, and Godel if the stakes get high.

      • FourFooted_Messiah

        Yet didn’t get very far with anything apparently.

        It seems Euro-man was good at taking good ideas and making them better (such as the printing press.)

        Unfortunately, that’s where some of us get the idea that everyone else is great, and we’re just thieves and copycats from.

      • BonusGift

        Nope to your nope; go back and read history, and, no, hoping that something is true is not history.

      • Enar_Larsson

        Historybuff,

        There is some truth to your assertions; Persians, Babylonians, and Egyptians used what we might call proto-mathematics and proto-astronomy. They were able to predict some astronomical events and were able to build impressive structures. However, there are two very important aspects of scientific thinking that they lacked: a notion of proof and the absolutely essential assumption that the universe operates according to regular, predictable, and (in some sense of the word) benevolent laws. Without that second notion, meaningful science is simply impossible. If the cosmos is inherently chaotic and ruled by interested personal deities then science is simply a matter of divination and worship. Moreover, if the cosmos is not an ordered and natural whole but is ruled by capricious deities then there is no need for proof or for theories. The only justification needed for assertions about how the world operates is divine revelation. It was the Greeks (by which I mean Greek speakers, so including Ionia, Italy, Sicily, etc.) and only the Greeks who made that necessary step. Thales, Anaxagoras, and Anaximenes were the first people in history to offer non-religious justifications for their truth claims. They appealed to evidence that was available to all rational thinkers. In mathematics and musical theory, it was the Pythagoreans who first used proofs and they who saw that such proofs were necessary. There were two sects of Pythagoreans, one was much more religious than the other, but both still used rational proofs to justify their theories in mathematics, music, and even religion. Pythagoras himself even took what he learned in math and music and applied it to legislation, with great success. He was hired by several city-states to reform their laws and their education systems. It was also the Greeks who invented what we social sciences. Herodotus invented history, Thucydides wrote the first work of political science. (I first read the latter’s “History of the Peloponnesian War” just after 9/11, when we all talking about the Patriot Act and preemptive strikes. All the pundits were saying that the notion of preemptive strikes was unprecedented in history. Yet, there it was in Thucydides, along with the Patriot Act, war as an excuse for tyrants to overthrow democracies, etc.). Anyway, all of this goes to say that while the “Asian cultures” did have a knack for building, astronomy, and some kinds of calculation, they were not scientists in any recognizable way.

    • Pelayo

      You got dat right! True Dat! Holder needs to be removed from that office and sent back to his ancestral ISLLLLAAAHHHAND MAHN! That racist H d P!!

  • NM156

    Banks are forced to invent impenetrable financial instruments to cover up the high risk of their minority clients under threat of legal sanctions by the Justice Dept., which then bring down the economy by their failure. The public is forced into bailing out the complicit banks with fiat money and US securities. Now, the govt. wants the money that the public lent them. The current minority-occupied govt. operates just like the Cosa Nostra.

    • Pelayo

      La Cosa Nostra at least had an Internal Code of Honor which is more than the guys whom you mentioned had.

  • Charles Edward Lincoln III

    As much as I normally agree with AmRen editorial position, here I have to diverge and differ. The U.S. Banking system in fact operates in tandem with the Occupying government in the manner of the Mafia or the “Cosa Nostra” (See NM156 comments below).

    The primary fraud or misrepresentation in Holder’s case against these banks was to charge them with race-based discrimination. If he had made the accusation that the Banks had engaged in unfair and in fact highly oppressive and coercive practices with regard to the population at large—56% of all foreclosures hit non-Hispanic White Americans, while 1-in-20 white families have lost their homes to foreclosure in recent years—a figure which has no peacetime correspondence (in the Great Depression, the figures were 1-in-100)(See http://www.responsiblelending.org/mortgage-lending/research-analysis/foreclosures-by-race-and-ethnicity.pdf and http://charleslincoln3.com/2012/01/31/a-historical-perspective-on-foreclosure-1000-per-day-in-1933-vs-10000-per-day-in-2010/).

    At least 3000 or more Bankers (many of us prefer to call them “Banksters” DO in fact deserve to hang (I myself have proposed boiling them in oil; see http://charleslincoln3.com/2011/10/31/keep-their-names-knit-you-list-in-code-like-madame-therese-defarge-while-marie-and-her-girlfriends-play-milkmaid-at-le-petit-trianon-others-are-planning-the-revolution/; I’m not sure about burning them at the stake—toxic point source air pollution emissions and all that). But not for racial discrimination: for oppression of the private property owners of America without regard to race, creed, or color. I have been writing extensively about this for years now (see, e.g.: http://charleslincoln3.com/race-based-standing-the-most-outrageously-perverse-violation-of-civil-rights-laws-in-america-the-warren-court-was-a-fraud/).

    In fact, the Banks are engaged, together with the government, in a campaign to wipe out private property. This may at first sound counter-intuitive, most people think of Banks as the bulwarks of Free Enterprise Capitalism. But in fact, as Patrick Henry, Thomas Jefferson, and Andrew Jackson would have told you most any day of the week, centralized banking systems are the quintessential enemies of freedom and the democratic-republican form of government.

    And centralized banking such as we now have in the world today, with Bank of America, Suntrust, and WellsFargo and ChaseManhattan as mere “fronts” for the Federal Reserve, did not even exist in the time of the first through seventh Presidents: the Federal Reserve is essentially the brain child of Karl Marx and Frederick Engels as articulated and presented to the world for the first time in the Communist Manifesto, as first published in London in February 1848. Sad as I am to say so, the evil genius of Karl Marx’ plan to destroy private property through leveraged buyouts using “easy” centralized credit began to be employed in this country only 13 years after that fateful publication in 02-’48 when a namesake and very distant kinsman of mine became President and started the process of centralizing our political economy in a manner which has directly evolved into the nearly Maoist Communist state in which we now live.

    Every member of the Obama administration is totally and unquestionably in bed with these Banksters—in fact, Obama’s economic and social policies all favor mass expropriation of private property in real estate (the first and most elemental goal of the Communist Manifesto). The Chairman of the Federal Reserve system has said on repeated occasions that the solution to the foreclosure crisis is the mass conversion of private property to rentals.

    So do not allow yourselves to be deceived into an exaggerated reaction to Holder’s prosecution of the Banks—the banks ALL deserve to be prosecuted, but in this case, the victimization of the population is truly color blind. More than 5% of White homeowners have within the past five years gone into foreclosure. 8% of Black & Hispanic homeowners have lost their homes. The International Banks and the Bankers who operate them are the enemies of all the people. Part of our responsibility as educated Americans is to see the truth for what it is—and the truth is that 3,000 Bankers on death row would just barely be “a good start” if the issues were framed correctly.

    Unfortunately, the cases brought by the U.S. Government against the Banks and Banksters are mostly part of a coverup of real governmental complicity in the entire system and plan to reduce all Americans to homelessness than it is to remedy any real problems or injustices. Race-based discrimination is real in this country, but the judicial discrimination that takes place is that ONLY non-whites can readily use the substantive Civil Rights laws of the United States. This means that the color-blind mass expropriation of homes and land is mostly beyond the ability of individual Americans to remedy—so we need to take our fight to the political arena—but real Americans can find no real friends among the Banking Community—that is, in fact, the heart and nucleus of the enemy plan against us.

    See generally my posts at http://charleslincoln3.com since February 2008.

    • 5n4k33y35

      When given the choice between class war and race war, Democrites always choose race war. All the arcane accounting tricks in finance bore me to death. But I understand race war perfectly well, and that is the Democrite’s highest priority.

      As race-warriors, the blacks can’t achieve diddly squat without the Jews holding their hand every step of the way. You can just about ignore the blacks if you can avoid the menace of their opportunistic public aggression. Politically, they are impotent.

      Just focus on the Progressive Jews and what they are doing to undermine gentile white society. They devote a huge quantity of man-hours, almost exclusively knowledge workers, fully immersed in their race-war / gender-war mentality.

      • http://countenance.wordpress.com/ Question Diversity

        All the arcane accounting tricks in finance bore me to death. But I
        understand race war perfectly well, and that is the Democrite’s highest
        priority

        Who says they can’t be one and the same? If, as Clausewitz said, war is politics by any other means, then politics can also be war by any other means. Was not the subprime mortgage crisis basically a race war waged by accountants, in a way and in part? And by “both” parties, BTW. Pen is sometimes mightier than sword.

    • FourFooted_Messiah

      You know, I had mixed feelings about 9/11/01 – I hate Muslims for what they did, and that event woke me up to what they were like (it showed me it wasn’t just the bunch of pakistanis I had a run-in with weren’t the only bad ones), However, I feel more sorry for the delivery boys and such who died than the white-collared, money-minded rat-heads who worked in the World Trade Centre. These are the rats who think it’s great to outsource to other countries, to bring in cheap labour from those countries, and who made barter and private under the table work arrangements illegal. If it isn’t about money, and if it all isn’t traced with paperwork, it’s illegal. I also know that getting rid of them didn’t help anything, there’s always more rats where the dead ones came from.

      So, yeah, I’d toss ‘em all into the dumpster with the Muslims.

      • Le Gaulois

        “If you can’t buy it outright with cash, you probably don’t need or even really want it.”

        _________________________________________________________________

        Wiser words have never been said on AmRen. Sure, we all need a little help to get out of a jam or an emergency, but if you do nothing but buy stuff you want with credit cards, you are a fool indeed.

      • http://countenance.wordpress.com/ Question Diversity

        However, I feel more sorry for the delivery boys and such who died than
        the white-collared, money-minded rat-heads who worked in the World Trade
        Centre.

        And also, FDNY and NYPD.

        But not all business perched inside WTC were Wall Street related. For instance, Savvis Communications, St. Louis-based firm that did major league internet backbone, had offices inside one of the WTC towers that were crushed on 9/11.

        • FourFooted_Messiah

          Hell yeah, of course the firefighters and the police, I am sorry I forgot to mention them!

          And Ok, I give it that, IPS’s aren’t all that bad. And any other stuff that was in there that wasn’t about rat-headed money-mindedness, whatever those might have been.

      • Tom_in_Miami

        I like to charge every little thing I buy on my credit card, from groceries to liquor and restaurants. Gasoline too. I even pay my insurance with a credit card. The trick is to not buy more than you can afford to pay off at the end of the month. I not only keep my money in my own savings account for the month before I pay it of, but I get a refund of 1% back on all my purchases. I average $25-50 a month refund which goes directly to pay principal on my home mortgage. If it sounds too good to be true, call Wells-Fargo and they will set you up with an account, although plenty of other banks do the same thing. You may have to be w***e to qualify for the program.

  • shattered

    The liberals are out to imprison people. It’s what liberals do… being so “liberal” and all. They are putting perfectly reputable doctors in prison right now for red tape Obamacare violations and the practice shall be expanded. Eventually they will be imprisoning doctors on just a second patient diagnosis if it against Obamacare’s interpretation: http://newsflavor.com/world/usa-canada/will-obamacare-put-your-doctor-in-jail/

    They are locking up reputable insurance agents, real estate professionals, even lawyers in their witch hunts. They even found a guy that didn’t have a proper paper for a harmless orchid and put him in prison: http://www.heritage.org/research/reports/2009/07/the-unlikely-orchid-smuggler-a-case-study-in-overcriminalization

    They called the poor man a “kingpin” in court. Ridiculous.

    • FourFooted_Messiah

      While it seems overblown, I can understand the anxiety of anyone who gives a damn about the flora and fauna of this continent, after the Asian Carp fiasco – as well as purple loosestrife, and other introduced problem species.

      On the other hand, it is kind of hypocritical, since apes are an introduced species on this continent that never did any good – the first apes to come here seem to have wiped out the mastodon, the giant beaver, various other animals AND their predators, such as Smilodon and the dire wolf.

      • shattered

        You appear to have missed the word “harmless” in my post. The orchid was of a harmless variety. Pay better attention next time.

  • katzkiner

    That must be why the bankster’s give Obama so much money.

  • shemite

    Radical new Black Panther criminal of the cursed race of Ham needs to be sent back to Africa and get the hell out of the chosen blessed Shem race society that was some mistake from hell created 500 years ago with the never needed African slavery nor was is santioned in the Torah for Hamites to be removed from their assigned continent and sent to Shem land.
    Not only were they never needed but they certainly were never supposed to take over the leadership and control of the chosen blessed white race excluding evil homosexual or traitor whites called liberals.

  • http://www.facebook.com/allan.foster.370 Allan Foster

    The liberals pressured the banks into making loans they did not want to make by anti-redlining laws and the like, and now they are fining the banks for making these loans that the banks did not want to make to begin with.
    I trust the bankers before I trust the Democrats.

  • Flytrap

    I have no sympathy for these dull, spineless bankers. For the $3.5 million they paid out, they could have bought a lot of pr and advertising to make their case known but I suppose they wouldn’t want to be seen as “racist.” If a bully is taking your lunch money and you would rather give it than do anything about it, then you get what you deserve.

    • http://countenance.wordpress.com/ Question Diversity

      This is why I assign some culpability to the banking industry for the subprime crisis. They had enough power and ability and steam and BAPF politicians in their pockets to resist affirmative action in mortgage lending if they wanted to. But they “gave in” because they wanted to, because they’re now run by the same odious ODIOUS (Our Diversity Is OUr Strength) trolls that run the government.

      • Flytrap

        Not sure if you came up with ODIOUS but it is FANTASTIC!!!!!

        • http://countenance.wordpress.com/ Question Diversity

          I can indeed claim credit, but probably someone else did before I did, which was about 15 years ago.

    • anonymous

      Wise words! I told my father if I took over his company and if I had to deal with race hustlers, I would tell them to f–k off and would physically make them get off my property. How do we expect regular, working-class whites to stand up for their race when they see powerful rich whites caving under pressure? I sure as hell wouldn’t.

  • William_JD

    GFI’s attorney Andrew Sandler complained that Justice has been using an overly broad and “now discredited interpretation” of civil-rights law known as “disparate impact.” But GFI happened to draw an Obama-appointed judge to hear its motion to dismiss what looked to be groundless charges against it.

    What a chickenshit excuse for caving in. Why would he assume Judge Forrest would disregard the law to side with the government? She hammered FedGov in September in regard to the National Defense Authorization Act’s provision allowing indefinite detention of citizens without trial.

  • sarah stein

    “Give us loans, you racists.” “You shouldn’t have given us loans, you racists.”

  • shattered

    Looks like a “shakedown” to me.

  • Tom_in_Miami

    “[T]hey charged blacks and Latinos a ‘racial surcharge’ for mortgages simply because of the color of their skin.”

    Right, I don’t suppose it had anything to do with prior credit, job status, salary, etc. There was probably just a little box to check on the application process for “skin color.” The bankers, like the larger society, just keep the black man down. But, the government will get fairness for all of us, as they have been doing in college admissions, jobs, etc. They could call their program “affirmative action.” Oh, they already have that? Well, how do they keep the black man down?

  • Whirlwinder

    Holder is a race hustler and no better than his buddies Jessie Jackson and Al Sharpton. O that the banks would hold their ground. However, it is almost hopeless to litigate against ‘racism’.

  • Whirlwinder

    The banks have already been bled dry by the Community Reinvestment Act and having to abandon their underwriting standards for housing loans. With Fannie and Freddie backing the loans, and the liberals harranguing them they went ahead and forged into the sub-prime lending crisis which led to the global financial debacle. Now the 25 largest American banks hold $225 trillion in derivatives that are worthless and which are backed up by their assets of som $8.5 trillion in customer accounts. The financial bubble will burst soon, which Obama and his handlers are looking forward to with glee, and America will truly be in chaos and a banana republic.

  • Bon, From the Land of Babble

    According to Larry Elder:

    A survey by the Charles Schwab organization found that when blacks and whites earn the same money, whites save 20 percent more…a black person earning $100,000 a year had less than $5,000 in retirement savings.

    If lending institutions are irredeemably racist, and blacks keep getting ripped off, why don’t blacks start their own banks to cater to other blacks who have been discriminated against??

    Seems a few have:

    Black banks reject black applicants at a greater rate than do non-black-owned banks…

    http://www.creators.com/opinion/larry-elder/blacks-banks-and-institutional-racism.html

    It is YOU who are the irredeemable criminal racist, Holder, and it is YOU who should be sitting in jail, for a very long time.

    Bon

  • http://www.facebook.com/profile.php?id=100002919200750 John Smith

    How dare they not take foodstamps as collateral !