Obama Justice Department’s $1 Billion ‘Slush Fund’ Boosted Liberal Groups


President Barack Obama’s Justice Department created a “slush fund” of nearly $1 billion using legal settlements with banks and steered those funds to political allies on the left while excluding conservative groups, internal documents show.

The financial institutions, which made legal settlements with the Obama administration regarding mortgage securities that imploded during the 2008 financial crisis, include Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., and JPMorgan Chase.

Public records of the settlement agreements with the Justice Department show that when cash donations to liberal groups are combined with other donations in the form of loans and a separate settlement with Volkswagen of America Inc., the slush fund may have topped $3 billion.

The House Judiciary Committee obtained the internal Justice Department documents as part of an investigation conducted in conjunction with the House Financial Services Committee.

Tony West, an associate attorney general during the Obama administration who is now a top official at PepsiCo Inc., figures prominently in a chain of email messages involving his staff members, the records show.

The emails also suggest the Obama administration’s targeting of conservative organizations was not limited to the actions of Lois Lerner, the official who was in charge …read more