Who's Really Getting Paid After DOJ's $13B Settlement With JPMorgan?
The Justice Department reached a record $13 billion settlement with JPMorgan Chase last month after accusing the Wall Street giant of misleading its investors prior to the 2008 financial crisis.
The bank was alleged to have misrepresented the quality of investments that it was selling in the subprime mortgage market.
New questions are surfacing about whether some of the money could eventually end up in the hands of left-wing political groups.
Gallagher explained that if there are leftover funds in four years, the settlement stipulates that the money will go to a group called NeighborWorks of America, which works to provide affordable housing and funds a network of community organizers.
In 2011, the group gave out $35 billion to 115 different organizations. Critics argue that some of those groups are similar to ACORN, which was embroiled in a voter fraud scandal in 2008.
Megyn Kelly discussed the new revelations with Judge Andrew Napolitano, who called it a "perversion of justice for the federal government to extort billions of dollars from the second-largest bank in the United States and give it away to the president's political friends and favorite political causes."
Watch the interview above, and tune in to The Kelly File tonight at 9p/12a ET as Megyn talks to a key union leader about why teachers across America are taking to the streets.