Obama Sued CitiBank To Force Them To Make Bad Loans (Flashback 1995)

Several Sources/Powerline ^

[Crimson Elephant]

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.

[proudpapa]

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

[EyeGuy]

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

[mlocher]

Probably “I was just a hired lawyer doing my job”

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

[ConorMacNessa]

Nice catch!

Lamh Foistenach Abu!

[Cyclone59]

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.

[rintense]

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!!!

[mnehring]

Great way to put it Rosalyn.

[showme_the_Glory]

That’s not the Citibank I knew

[Earthdweller]

"Obama doesn't care about black people!!!"

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

[CPT Clay]

Bump

[rabscuttle385]

ZerObambi strikes again!

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[CodeToad]

BTTT

[TexasCajun]

Barry's Affirmative Action Loans, because it's fair !

[EyeGuy]

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.

[henkster]

“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.

[kidd]

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.

[FreeAtlanta]

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

[Tallguy]

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.