Deja vu: Holder deal risks another mortgage crisis

Jerome R. Corsi

Under Holder, the prosecution rates against large financial institutions are at 20-year lows.

In the new $13 billion JP Morgan Chase subprime loan deal with the Justice Department, Attorney General Eric Holder appears to have designed a multi-million dollar, backdoor kickback for activist groups like the disgraced community organizer ACORN.

Critics say the Obama administration has learned nothing from the mortgage meltdown in 2008-2009, which was prompted by the default of subprime loans packaged into financial instruments.

Instead, the administration is engineering a strategy to revive the subprime mortgage market by forcing banks to fund left-wing community organizing groups that would once again place low-income families into mortgages they can’t afford.

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