Some of the Money from Bank of America's Fraud Settlement will go to Pro-Homeowner Groups

Part of the money from Bank of America's token fraud “settlement” will be donated by the Justice Department to various pro-homeowner/neighborhood organizations.  Sounds like poetic justice to me.  And best of all, I learned about this from the ultra-rightwing Daily Caller, and they're pissed.  Good.

It's bad enough Bank of America skated away with a $16.6 billion fine.  To them, that's pocket change; nowhere near enough to deter future crimes.  And most of this $16.6 billion was “earned” on the backs of the former homeowners they ripped off, and/or it was donated to them by the taxpayers who bailed them out.

Groups benefiting from the proceeds of Bank of America's settlement include Operation Hope, National Community Reinvestment Coalition, and Neighborhood Assistance Corporation of America.  And some of the money will go to foreclosed homeowners — or those in danger of being foreclosed.

Tom Fitton, president of Judicial Watch, sobbed to The Daily Caller:

“This is a wealth redistribution scheme disguised as a lawsuit.  And who benefits from the distribution? Interest groups the administration relies on, outside interest groups, allies and politicians in communities trying to benefit as well.”

Suck it up, Asshole. 

According to the Daily Caller article, these same organizations have also received some of the money from previous settlements against JP Morgan Chase, Citibank and Countrywide Financial Corporation.

Works for me.

“I was a Right-Wing Child Star”

No, this isn’t the title of a bad science fiction movie.  It’s the title of this article written by Jonathan Krohn.

Four years ago, Jonathan Krohn was a 13-year-old prodigy who gave a speech at the annual CPAC (Conservative Political Action Conference) gathering.  He instantly became the Great White Hope for the Far Right.

Now, four years later, he’s renounced his rightwing views.  And according to the Rightwing Noise Machine, he’s mutated from the Great White Hope to Benedict Arnold.  In his own words:

“My involvement at such a young age happened for manifold reasons: I always enjoyed writing (I had gotten my first paid writing gig when I was 9), I enjoyed politics (or at least the theory of politics), and I grew up in Georgia, where conservative ideologues dominated the radio and the populace. Mix those things with the naïveté of a kid and you’ve got the perfect recipe for a fresh, right-wing pundit...”

“I felt justified in my beliefs if for no other reason than no one actually told me I was wrong. Instead, men like Bill Bennett and Newt Gingrich hailed me as the voice for my generation and a hope for America.”

Then last week an interview was published, in which Jonathan Krohn declared he was no longer a conservative.  And the rightwing media, particularly the Daily Caller, went ballistic.  Regarding the rightwing hissy-fitters, Krohn says:

“These are not adults leveling serious criticism; these are scorned right-wingers showing all the maturity of a little boy. No wonder I fit in so well when I was 13.”

Zing!