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Bank of America is to sweetheart loans and Democratic Party payoffs as Paula Deen is to sugar and bacon grease:
— The massively troubled bank raked in a middle-of-the-night, taxpayer-funded $45 billion banking bailout in 2008 and an estimated $931 billion in secret federal emergency loans.
— In 2008, BofA’s political action committee gave its biggest contributions to Barack Obama totaling $421,000.
— After purchasing junk mortgage company Countrywide, BofA agreed to pay $50 million in restitution payments for Countrywide subprime loan fraudster and Democratic fat cat Angelo Mozilo and one of his underlings.
— BofA forked over payoffs to self-declared bank terrorist outfit NACA (the taxpayer-subsidized Neighborhood Assistance Corporation of America).
— BofA also capitulated to a Jesse Jackson shakedown. And it forked over at least $2 million to the ACORN Housing Corporation — which has had a long history of fraud and abuse that goes back decades.
— The financial giant teamed up with the open-borders lobby (including newly appointed Domestic Policy Council chief Cecilia Munoz’s former employer, the National Council of La Raza) to offer illegal alien home loans.
No word yet on whether Obama’s Greek columns from the 2008 convention will make a return appearance this fall. But if they do, they may yet be emblazoned with a new red-white-and-blue Bank of Democratic Party America logo.
Optics be damned. The coffers must be filled.
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