Holder was an extortionist so using him as an exam
Post# of 65629
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Holder was an extortionist so using him as an example of the DOJ is not only flawed but stupid.
I used him as an example of the Justice Dept. going after 'white' collar crime as opposed to not going after anything that wasn't 'black' related.
And I pointed out that while securing $ billions in settlements for $ billion crimes, he stopped short of criminal prosecution.
Are you saying that these banks were innocent of financial malpractice, and that they settled because they were 'extorted'?
I'm pretty sure they could afford the best lawyers who could have advised them to fight in court........unless.
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$13 billion — J.P. Morgan Chase & Co. — 2013: J.P. Morgan and the Justice Department agreed to a landmark $13 billion settlement that resolved a number of legal headaches. Of the $13 billion settlement, $9 billion was set aside to pay federal and state civil lawsuit claims over residential-backed mortgage securities. Of that $9 billion, $2 billion was a civil penalty to the Justice
Department, $1.4 billion was to settle federal and state claims by the National Credit Union Administration, $515 million to settle Federal Deposit Insurance Corp. claims, $4 billion to settle Federal Housing Finance Agency claims, nearly $300 million to settle claims by California state officials, nearly $20 million to settle claims by Delaware, $100 million to settle claims from Illinois, $34 million to settle claims by Massachusetts, and nearly $614 million to settle claims by New York State.
$9.3 billion — Bank of America, Wells Fargo, J.P. Morgan and 10 others — 2013: Thirteen banks reached an agreement with the Office of the Comptroller of the Currency and Federal Reserve to pay $9.3 billion in cash and noncash relief, including loan assistance, to homeowners over alleged foreclosure abuses.
$13 billion — J.P. Morgan Chase & Co. — 2013: J.P. Morgan and the Justice Department agreed to a landmark $13 billion settlement that resolved a number of legal headaches. Of the $13 billion settlement, $9 billion was set aside to pay federal and state civil lawsuit claims over residential-backed mortgage securities. Of that $9 billion, $2 billion was a civil penalty to the Justice Department, $1.4 billion was to settle federal and state claims by the National Credit Union Administration, $515 million to settle Federal Deposit Insurance Corp. claims, $4 billion to settle Federal Housing Finance Agency claims, nearly $300 million to settle claims by California state officials, nearly $20 million to settle claims by Delaware, $100 million to settle claims from Illinois, $34 million to settle claims by Massachusetts, and nearly $614 million to settle claims by New York State.
$9.3 billion — Bank of America, Wells Fargo, J.P. Morgan and 10 others — 2013: Thirteen banks reached an agreement with the Office of the Comptroller of the Currency and Federal Reserve to pay $9.3 billion in cash and noncash relief, including loan assistance, to homeowners over alleged foreclosure abuses.