Holder Launches Witch Hunt Against Biased Banks: DOJ Wants Mortgages For the Ultra-Risky

IBD reports:

In what could be a repeat of the easy-lending cycle that led to the housing crisis, the Justice Department has asked several banks to relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination, according to court documents reviewed by IBD.

Prosecutions have already generated more than $20 million in loan set-asides and other subsidies from banks that have settled out of court rather than battle the federal government and risk being branded racist. An additional 60 banks are under investigation, a DOJ spokeswoman says.

The government promoting artificially high housing prices through coercion. You'll want to read the whole article . Check out how DOJ wants the banks to finance "community organizations" . Eric Holder really is unfit for public service.