It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The separate deals were reached with the Justice Department in summer 2014, with Citigroup agreeing to pay $7 billion for misleading investors over mortgage-backed securities and Bank of America paying $16.65 billion for similar actions.
But of the $24 billion, roughly $150 million is tabbed for financial-counseling agencies -- a category that includes liberal-leaning groups such as the National Council of La Raza.
While some Americans likely will need help figuring out how to recover money through the settlement -- help these organizations could give -- Republicans on the House Judiciary Committee are questioning why certain activist groups are on the Department of Housing and Urban Development-approved list.
“The Obama administration is shortchanging victims by using these settlements to send money to their pet projects rather than allowing it to go to directly to the people who were harmed in the first place,” House Judiciary Committee Chairman Bob Goodlatte, R-Va., told FoxNews.com on Monday.“Furthermore, the administration is also abusing the separation of powers by using these cases to funnel money to their preferred special interests in an attempt to do an end run around Congress, which the Constitution grants the power of the purse.”
Goodlatte pointed specifically to groups such as La Raza and NeighborWorks America -- a network of community development organizations that his office compared to the defunct, controversial low-income advocacy group ACORN.(ACORN disbanded in 2010 after losing government funding amid a controversy over misconduct captured in hidden-camera videos. NeighborWorks is not affiliated and has declined to even work with groups that are.)
The California Attorney General granted immunity to O'Keefe and Giles in exchange for their raw videos shot at three California ACORN offices. Its comparison of the raw videos with the released versions found that the published videos had been heavily edited to misrepresent the workers and the situations so as to suggest criminal intent and activity. The AG's Report noted that "O’Keefe stated he was out to make a point and to damage ACORN and therefore did not act as a journalist objectively reporting a story", and because the Giles-O'Keefe criminal plans were a ruse, the ACORN workers could not be complicit in them. It found no evidence of intent by the employees to aid the couple. The report also noted "a serious and glaring deficit in management, governance and accountability within the ACORN organization" and said its conduct "suggests an organizational ethos at odds with the norms of American society. Empowering and serving low-and moderate-income families cannot be squared with counseling and encouraging illegal activities". The California report was followed by one by the U.S. Government Accountability Office, which reported there was no evidence that ACORN workers had misused government funds or participated in the criminal activities represented in the videos. But, ACORN was effectively destroyed by then.
The Congressional resolutions to eliminate funding to ACORN were nullified by a federal court ruling that the measure was an unconstitutional bill of attainder. But, on August 13, 2010, a federal appeals court reversed that ruling and upheld the act that cut off federal funding for ACORN.
a reply to: theantediluvian
Everyone knows that the ACORN video was BS. Doesn't it offend you in the least that even though everyone knows this, Fox is still pretending like this isn't the case?