Today we remember Martin Luther King Jr.

A man of great dignity and grace.

A man who “Had a Dream.”

And now?

A race-baiting POTUS.

We’ve gone from “I Have A Dream” to “I’ve Got A Pen”

And a Shakedown Artist Attorney General who sees racism everywhere.

Even when it does not exist.

Via Investor’s Business Daily: Holder Shakes Down ‘Racist’ Banks For Nearly $1 Bil

War On Banks: Attorney General Eric Holder has opened up a new front against car lenders and has forged an alliance with the Consumer Financial Protection Bureau to frame them for racism, too.

We don’t use the term “frame” capriciously, certainly not like Holder uses the charge of racism….

In its complaint against Ally, Justice alleged that the bank “charged African-American borrowers more than white borrowers in interest-rate markups not based on creditworthiness or other objective criteria related to borrower risk.”

It says a statistical analysis of loans conducted by CFPB researchers found a “disparity” of 29 basis points compared with rates charged “similarly situated” white borrowers.

The surcharge is so “statistically significant,” it contends, it can’t be a function of anything but racism.

Let’s unpack that statement, because it contains a big load of rubbish.

For starters, Justice had to guess the race of Ally’s black customers from Census data for black neighborhoods. The auto-finance industry does not report the race of borrowers like the mortgage industry.

“Ethnicity data is not available,” the department confesses later in the complaint.

So “victims” were never actually identified. That’s why the complaint has to estimate that Ally discriminated against “approximately” 100,000 African-American borrowers.

More shocking, civil-rights prosecutors never actually checked the creditworthiness of those borrowers. That’s right, they never looked at credit scores, down payments, debt or other key risk-related factors banks consider to set interest rates. Not for blacks, or for supposedly “similarly situated” whites….

Ally says it’s guilty of nothing more than pricing for risk, a legitimate business practice common in the industry for centuries.

So why did it roll over?

The same reason the other 30 banks targeted by Holder have played dead: to avoid a protracted legal battle with the federal government and protect their all-important corporate brand.

Their names would have been dragged through the liberal media mud, as they publicly fended off charges of racism and boycotts by Rev. Al Sharpton and other racial arsonists working in concert with Holder….


Michelle Malkin: Holder: A ‘nation of cowards’

NY Post: Obama: Some folks don’t like me because I’m black

examiner.com: Eric Holder blames Fast and Furious on racism, Rep. Allen West responds

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8 Comments | Leave a comment
  1. Dave says:

    Whenever I see the words ” Eric Holder” , all I think about is ” Perp Walk” .

    Its kinda like Benghazi and Hillary , but evidently that never happened,
    and if it did, whats the difference anyway.

    Yes, there a special place in my heart for Eric Holder.
    Remember ” Clockwork Orange” ?, uh huh….it was called ” The Stripey Hole” I believe.

    Good post Shifra.

  2. Isaac T says:

    This is exactly the same bulsh as the CRA “standards” Clinton forced on the banks to start the housing bubble.

  3. Dave says:

    I’m sick to damn death of these stinking rotten lunatic whitey hating SOBs who run this dumbass dog and pony show. They mock our country, our law, and every thing about America.

  4. ancientwrrior says:

    These slime ball creeps do this because they can get away with it, who’s to stop them?
    Nobody that’s who, they are in the catbird seat now baby and will bleed us for all they can. Like a lot of the stinking thugs out there say, ‘we’s got us a brother in charge now and it’s our turn to stick it to whitey’. 🙁

  5. Kitten says:

    For Holder and others, like Sharpton and Jessie, it’s ALL about sticking it to whitey, as you said Ancient. Nevermind they end up making life worse for the people they claim to be helping. They are the epitome of hustlers. But for OBummer, it’s just an easy & convenient excuse to blame racism. I don’t believe OBummer personally even identifies himself as black, only when it serves a purpose for him to do so. He’s so far beyond race in that he hates ALL of us and he’ll use any and every device or Dept. available to screw, divide, and burn the place down. Whether it’s the IRS, NSA, EPA, or this week, a combo of the DOJ and racism. He only gets away with it because the opposition party is too busy hiding to stand up to this thug.

  6. Alain41 says:

    DOJ has filed fraud charges against the contractor who does security reviews for the gov’t for lack of quality control checks. Firm vetted Snowden though that isn’t specific to the fraud charge. Pot calling kettle black here. If there is one organization that lacks quality control checks, it’s the feds.


  7. Alain41 says:

    SEC admin. law judge has suspended China sections of Big Four accounting firms from auditing U.S. traded companies. Reason is the firms refuse to turn over documents on clients requested by DOJ as part of fraud investigation. So no allegation of improper accounting, it’s non-cooperation with DOJ to protect clients. Need more info., but for now I’m with the Chinese accounting sections. Don’t trust DOJ as operating above board. http://newsonjapan.com/html/newsdesk/article/106336.php

    Unrelated story, I think; U.S. stock market fell because China manufacturing reported down. I remember when stock market use to react to U.S. manufacturing news. http://www.straitstimes.com/breaking-news/money/story/us-stocks-fall-poor-chinese-manufacturing-data-20140123

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