Schweizer: Obama’s Justice Department Is Using Bank Fines to Fund Left-Wing Groups

Monday on Fox Business Network’s “Mornings With Maria Bartiromo,” the author of  “Clinton Cash,” Peter Schweizer,  discussed a new report from the Government Accountability Institute (GAI) that found the Obama administration’s Department of Justice has been directing fines levied on major banks to fund leftist groups.

Partial transcript as follows:

BARTIROMO: Let me ask you about another exclusive report we want to get to. When banks are sued by the Justice Department—we know right now that the department is trying to get upwards of 15 billion dollars from Deutsche Bank. We don’t know what that a number is ultimately going to be. Where does that money go? Does it allegedly help fund political nonprofit groups? Because this is what the Government Accountability Institute is saying, and we’ve got this exclusive report.

SCHWEIZER Yes, that is right, Maria, we’ve got a report coming out today. Anybody can get it—Cronyism.com. What we looked at is what the Obama Department of Justice has done when they have gone after banks, whether is was related to mortgage-backed securities or lending practices going back to the 2008 financial crisis, and what you find is that a lot of money is not actually going to pay the victims. That money is being steered by the Department of Justice to fund progressive liberal organizations. More than 650 million dollars worth. And that money is being steered toward political activism. And in fact, the Department of Justice giving these large financial institutions, which have allegedly you know, conducted in bad behavior, they are giving them a 10 dollar to one discount. If they will give a dollar to a progressive organization, that wipes 10 dollars off the slate in terms of what they owe federal government as related to their financial activities. So this is a massive problem. It shows that a lot of activities—the Department of Justice under President Obama—has not been about actual making the victims whole as it relates to these financial activities, but actually funding left wing groups.

Follow Pam Key on Twitter @pamkeyNEN