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Reno urges banks to market services to minority areas
Jet ^ | Sept 12, 1994 | N/A

Posted on 09/23/2008 2:41:45 PM PDT by Rodm

Following a landmark lending discrimination settlement, U.S. Attorney General Janet Reno recently issued a stern warning to all banks which practice red-lining--you're breaking the law and face possible litigation.

Reno's warning came on the heels of a recent settlement of an unprecedented lending-bias case against Chevy Chase Federal Savings Bank, a suburban Washington, D.C., bank that was accused of bias in marketing services to predominantly Black and minority areas.

It was revealed that until recently, Chevy Chase had no branches located in predominantly Black neighborhoods.

(Excerpt) Read more at findarticles.com ...


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: fanniemae; freddiemac; govwatch; housingbubble; mortgage; redlining; reno
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To: EagleUSA

Oh, it gets better. Another liberal friend of the first guy replied to me and instantly called me a racist, because obviously what I was saying were conservative “code words” for “we don’t want to lend to blacks.”

Liberalism. It’s like a whole other planet.

}:-)4


21 posted on 09/24/2008 6:06:54 AM PDT by Moose4 (http://moosedroppings.wordpress.com -- Because 20 million self-important blogs just aren't enough.)
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To: Rodm; Grampa Dave; calcowgirl; ElkGroveDan; BOBTHENAILER
BOOKMARKED!!!

Can you tell me more about this publication/website? Is it called "Jet" because it's aimed at minorities???

Thank you for posting this proof of the DEMOCRAT PARTY'S SOCIAL ENGINEERING ending up ruining the 2008 American economy!!!

22 posted on 09/26/2008 12:34:10 PM PDT by SierraWasp (Obama... Just another lying Commonist Communutty Organizing thug from the south side of Chicago!!!)
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