Posted on 07/23/2016 1:20:40 PM PDT by Captain Jack Aubrey
Hillary Clinton’s choice for presidential running mate, Virginia Sen. Tim Kaine, is a Harvard Law grad who cut his teeth as a young lawyer fighting for fair housing issues, winning a $100 million jury verdict against Nationwide Insurance over allegedly discriminatory lending practices.
Clinton’s campaign announced the former Virginia governor as her pick for vice president on Friday evening. Clinton and Kaine are expected to make their first campaign appearance together on Saturday in Miami. ... The case went to trial in 1998, after Kaine had become Richmond’s mayor. The jury sided with HOME and returned a $100 million verdict against Nationwide. The verdict was later overturned by Virginia’s highest court, which sided with lawyers for the insurer at Kirkland & Ellis. HOME later reached a $17.5 million settlement with Nationwide, earning Kaine’s law firm $5.8 million in fees.
(Excerpt) Read more at law.com ...
This tells you everything you need to know about him and his use of banks as a Democrat slush fund.
If blacks were being discriminated against in the lending business, they would have had a lower default rate than everyone else, but they didn't. Even then they're default rate was far above everybody else.'
I heard a small snippet of their rally today (all that I could bear), and Shrillary introduced him as some idealistic, altruistic guy who specialized in “civil rights” law... yeah, right, for millions of dollars based upon spurious lawsuits.
Of course, I meant that being a bleeding heart pays very well.
Reminds me the Hugh and series days.
You were probably thinking of Kaine chasing bleeding hearses.
And Hillary defended child rapists.
Does Kaine by chance happen to live in a predominately black or Latino hood?
Like in DC, does he live amongst the 90% black folk, or a selective white enclave amongst the Capital’s “racial minority”?
Too little is said here (and the original source is a membership source) to make any kind of assured valid conclusion. Are insurance firms in the mortgage issuing business?
Donald, if he is on his toes, WILL research this for ways to address it. The problem could ultimately be with the law. Anyone can sue; whether you win in a government of law (which we all supposedly are clamoring for) ought to depend on the law. Mere outcome-based law sets up what is famously known as moral risks, incentives to do nothing to ameliorate one’s exposure to risk and is especially troublesome when dealing with people known to have the Frito-Lay chip factory on their shoulders. However being bad policy doesn’t make something contrary to law or the constitution.
That is their legal right. The biggest scandal was that she was an utter scum about it.
Sound business practices be damned if there is any smell of discrimination.
+1
Ah, and this is exactly the crap - because minorities don’t have the same access to housing and insurance as many whites, they’re being discriminated against and must have equal access in spite of their ability to pay - that led to ‘rats housing policies in giving away free homes to the poor at taxpayer expense - and to the great economic collapse of 2008 - thanks Kaine.....
Yeah. Thanks, Kaine. For causing our insurance rates to go
through the roof in order that YOUR $5.9 million LAWYER’S
FEE could be paid by our insurance company!
These “housing projects” are not fit for human beings to
live in!
I’m sure that you are not one of those swimming with the sharks. The correction would be Kaine’s. Thanks for the fix. BTW How do you type words with lines in them? I’m not so clever.
Not clever when it comes to technical issues, believe me.
For the strike-out technique and other neat posting stuff just click on the link at the top of your “My Comments” page — the page I assume you are on right now — that says “HTMLSandbox”.
We are lucky to have so many clever IT people as FReepers. And they are always so willing to help techno-challenged people like me.
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