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Obama Sued CitiBank To Force Them To Make Bad Loans (Flashback 1995)
Several Sources/Powerline ^

Posted on 10/07/2008 12:48:42 PM PDT by mnehring

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1 posted on 10/07/2008 12:48:42 PM PDT by mnehring
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That would be a nice little firecracker for McCain to throw at Obama tonight. I wonder if they have an answer for that one. Probably “I was just a hired lawyer doing my job” or some silliness.


2 posted on 10/07/2008 12:50:25 PM PDT by Crimson Elephant
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To: mnehrling

According to Barney Frank, you are racist (and probably homophobic) for posting this truthful story on Freerepublic!


3 posted on 10/07/2008 12:50:49 PM PDT by proudpapa (McCain - Palin'08)
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To: mnehrling

Were any of the plaintiffs ORacist sued on behalf of named Whitey Whitney by chance?


4 posted on 10/07/2008 12:51:08 PM PDT by EyeGuy (Obama will deliver America on a Leash to an envious world.)
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To: Crimson Elephant
Probably “I was just a hired lawyer doing my job”

The sad thing is that will be his legacy statement if elected.

5 posted on 10/07/2008 12:52:11 PM PDT by mlocher (USA is a sovereign nation)
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To: mnehrling
Nice catch!

Lamh Foistenach Abu!
6 posted on 10/07/2008 12:52:27 PM PDT by ConorMacNessa (HM/2 USN, 3/5 Marines, RVN 1969. St. Peregrine, patron saint of cancer patients, pray for us.)
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To: EyeGuy

If this was from way back in 94, wouldn’t you think that foreclosures would have been happening much sooner than 14 to 15 years later? I say that a very big part of this is the over-extended second mortgage holders that were trying to play the game with the ARM rates and lost.


7 posted on 10/07/2008 12:55:09 PM PDT by Cyclone59 (umm, - that decision, ummm, is above my paygrade)
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To: mnehrling
I would bring this up over and over again. In fact, what does it say about Obama that he is responsible for members of his own race losing their homes????

Obama doesn't care about black people!!!

8 posted on 10/07/2008 12:56:53 PM PDT by rintense (Chuck Norris wears Sarah Palin pajamas.)
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To: rintense

Great way to put it Rosalyn.


9 posted on 10/07/2008 12:57:38 PM PDT by mnehring
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To: Crimson Elephant

That’s not the Citibank I knew


10 posted on 10/07/2008 12:57:52 PM PDT by showme_the_Glory (ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government)
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To: rintense
"Obama doesn't care about black people!!!"

Obama doesn't care about ripping off poor people. They come in all colors.

11 posted on 10/07/2008 1:00:28 PM PDT by Earthdweller (Socialism makes you feel better about oppressing people.....)
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To: mnehrling

Bump


12 posted on 10/07/2008 1:02:05 PM PDT by CPT Clay (Drill ANWR, Personal Accounts NOW ,)
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To: PAR35; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; Roy Tucker; GOPJ; ..
ZerObambi strikes again!

. . . . .

The Money, Banking, and Financial Markets Ping List.

FR Keyword: moneylist

This can be a high-volume ping list at times.

To join, send Freepmail to rabscuttle385.

13 posted on 10/07/2008 1:05:46 PM PDT by rabscuttle385 ("Please sir, may I have another!")
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To: mnehrling

BTTT


14 posted on 10/07/2008 1:11:05 PM PDT by CodeToad
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To: mnehrling
Barry's Affirmative Action Loans, because it's fair !
15 posted on 10/07/2008 1:12:09 PM PDT by TexasCajun
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To: Cyclone59

True, but I am a Fannie Mae stockholder whose annual reports consistently named “minority” potential homeowners as their chief target.

Too, I was referring to this thread’s theme: “community activist” Obama’s activities. I doubt seriously he was going to bat for Jim and Midge in the suburbs looking to double their square footage and add a swimming pool.


16 posted on 10/07/2008 1:16:36 PM PDT by EyeGuy (Obama will deliver America on a Leash to an envious world.)
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To: proudpapa

“According to Barney Frank, you are racist (and probably homophobic) for posting this truthful story on Freerepublic!”

Let chant “racist” all they want.

1. It’s not racist to point out that these suits and government policies wrecked our economy.

2. Accuse us of being racist? Oh, will that make blacks not vote for McCain? Oh wait...they weren’t going to vote McCain anyway.

3. Keep up the “racist” line of attack and you’ll get the “Bradley Effect” to show for it.

I’m good with all that.


17 posted on 10/07/2008 1:21:02 PM PDT by henkster ($700 billion debt swap with foreign banks to finance government borrowing)
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To: Cyclone59

The settlement was reached in May 1998.

Assume Citibank began issuing loans to poorly qualified applicants in 1999. Assume they issue 5-year balloon loans or ARMs that begin to go into default in 2004.

Entirely plausible that this lawsuit contributed (significantly) to the current mess.


18 posted on 10/07/2008 1:22:02 PM PDT by kidd
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To: mnehrling

This would be great Debate Ammo!!!! Alert McCain’s Team!!!!!


19 posted on 10/07/2008 1:23:57 PM PDT by FreeAtlanta (NOBAMA - it is for our future)
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To: Crimson Elephant

I don’t expect McCain to lob any bombs that haven’t already been floated past the Media to see how well they’d play. The ‘undecideds’ might not know how to evaluate Obama’s reaction if they’d never heard it themselves.


20 posted on 10/07/2008 1:24:58 PM PDT by Tallguy ("The sh- t's chess, it ain't checkers!" -- Alonzo (Denzel Washington) in "Training Day")
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