Skip to comments.Guilty! "Obama Sued Citibank to Force it to Make Bad Loans"
Posted on 10/08/2008 9:31:36 PM PDT by WmShirerAdmirer
"...look at what some fellow bloggers have dug up while researching Obamas legal career. Looks like a typical ACORN lawsuit to get banks to hand out bad loans."
UPDATED: Obama sued Citibank Under CRA to Force it to Make Bad Loans
Do you remember how we told you that the Democrats and groups associated with them leaned on banks and even sued to get them to make bad loans under the Community Reinvestment Act which was a factor in causing the economic crisis (see HERE and HERE ) well look at what some fellow bloggers have dug up while researching Obamas legal career. Looks like a typical ACORN lawsuit to get banks to hand out bad loans.
In these lawsuits, ACORN makes a bogus claim of Redlining (denying poor people loans because of their ethnic heritage). They protest and get the local media to raise a big stink. This stink means that the bank faces thousands of people closing their accounts and get local politicians to lobby to stop the bank from doing some future business, expansions and mergers.
If the bank goes to court, they will win, but the damage is already done because who is going to launch a big campaign to get the banks reputation back?It is important to understand the nature of these lawsuits and what their purpose is. ACORN filed tons of these lawsuits and ALL of them allege racism.
Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011 State/Territory Illinois
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982.
Plaintiffs alleged that the Defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctive relief, actual damages, and punitive damages.
U.S. District Court Judge Ruben Castillo certified the Plaintiffs suit as a class action on June 30, 1995. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 322 (N.D. Ill. 1995).
Also on June 30, Judge Castillo granted Plaintiffs motion to compel discovery of a sample of Defendant-banks loan application files. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 338 (N.D. Ill. 1995).
The parties voluntarily dismissed the case on May 12, 1998, pursuant to a settlement agreement.
Plaintiffs Lawyers Alexis, Hilary I. (Illinois) FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Childers, Michael Allen (Illinois) FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Clayton, Fay (Illinois) FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Cummings, Jeffrey Irvine (Illinois) FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Love, Sara Norris (Virginia) FH-IL-0011-9000
Miner, Judson Hirsch (Illinois) FH-IL-0011-7500 | FH-IL-0011-9000
Obama, Barack H. (Illinois) FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Wickert, John Henry (Illinois) FH-IL-0011-9000
Excerpt from: Media Circus at: http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/
Is it my net access or is there really hyphens between each letter on these pages.
I’m at a loss.
Good find! This information should get legs, NOW !
This is huge and needs to be spread everywhere
Bookmarked. Thank you
this needs to be forwarded to Hannity...now!
Jesse & Al are pikers...
Thanks for posting this!
Wow, good find. Obama is so arrogant, it is astouding and scary. How does he have the gall to fault Bush every chance he gets, when he and his buddies have had a direct hand in causing this mess. Unreal!!
BTTT. I can not believe the levels of corruption this guy is involved in. Drudge needs to cover this.
Spread the word! Researched it myself on goggle afterwards but couldn’t find out who the bloggers were. Here’s the link to one of the original articles:http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/
Why doesn’t this surprise me?
We need to e-mail everyone on this one,NOW!You know they are still making CRA loans?I heard an ad today on the radio.
bump.....sheesh.....there’s just TOO MUCH OUT THERE!!! So much, that I believe people won’t believe it....typical democrat strategy....
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