Internal Memos Show Barack Obama Bullied Ally Bank to Pay Racial Settlement Without Proof

WHAT WOULD YOU EXPECT FROM A COMMUNITY AGITATOR?

The New York Post is reporting that newly uncovered internal memos reveal the Obama administration knowingly exaggerated charges of racial discrimination in probes of Ally Bank and other defendants in the $900 billion car-lending business as part of a “racial justice” campaign. Well doesn’t this look like an Al Sharpton and Jessee Jackson race baiting shakedown? They would be proud. Hell, the mob would be proud. Then again, is Obama anything any different? This president has done more to harm race relations in this country. Imagine that, seeing that most misguided individuals voted for him to do just the opposite. SHAMEFUL, SIMPLY SHAMEFUL.

Newly uncovered internal memos reveal the Obama administration knowingly exaggerated charges of racial discrimination in probes of Ally Bank and other defendants in the $900 billion car-lending business as part of a “racial justice” campaign that’s looking more like a massive government extortion and shakedown operation.

So far, Obama’s Consumer Financial Protection Bureau has reached more than $220 million in settlements with several auto lenders since the agency launched its anti-discrimination crusade against the industry in 2013. Several other banks are under active investigation.

That’s despite the fact that the CFPB had no actual complaints of racial discrimination — it was all just based on half-baked statistics.

A confidential 23-page internal report detailing CFPB’s strategy for going after lenders shows why these companies are forking over millions of dollars in restitution and fines to the government despite denying any wrongdoing.

The high-level memo, sent by top CFPB civil-rights prosecutors to the bureau’s director and revealed by a House committee, admits their methods for proving discrimination were seriously flawed from the start and had little chance of holding up in court. Yet they figured they could muscle Ally, as well as future defendants, with threats and intimidation.

Let’s hope that America can survive the damage that has been inflicted upon it and its people during this terrible Obama presidency.