For the last few years, some of the largest settlements between financial institutions and the Obama administration’s Department of Justice contained stipulations that portions of the money be sent to unaffiliated third parties, a practice that Republicans criticized as a “slush fund” operation.
Some prominent Republicans, like House Financial Services Committee Chairman Jeb Hensarling, R-TX, said that the Obama administration was using the settlements to funnel money to organizations that were friendly to Democrats. | More…
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