Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Guilty! "Obama Sued Citibank to Force it to Make Bad Loans"
Media Circus via Gabrielle Cusumano/Townhall ^ | October 3, 2008 | Fellow Bloggers to Media Circus

Posted on 10/08/2008 9:31:36 PM PDT by WmShirerAdmirer

"...lo­o­k­ at what so­me fello­w blo­g­g­ers hav­e d­u­g­ u­p­ while researc­hin­g­ O­bama’s 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 O­bama’s 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 ban­k­’s 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.

Cas­e­ Name­

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

C­as­e S­ummary

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-ba­nk­’s 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.

P­la­int­iff’s 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/


TOPICS: Breaking News; Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 2008; acorn; bailout; bankingbailout; citibank; communityorganizer; cra; cultureofcorruption; dembacle; democrats; democratscandals; demron; economy; elections; financialcrisis; housingbubble; inequity; nobama08; obama; obamascandals; obamatruthfile
Navigation: use the links below to view more comments.
first previous 1-20 ... 61-8081-100101-120121-131 next last

I opened my ML account statement for September.. I can just imagine the devastation the October statement will bring.. At least I have my health.. Oh, wait.. Well, at least I have FR!


101 posted on 10/09/2008 9:37:54 AM PDT by divine_moment_of_facts ( "The carnage of the free love generation has come home to roost.")
[ Post Reply | Private Reply | To 100 | View Replies]

To: WmShirerAdmirer

Bookmark, thanks!


102 posted on 10/09/2008 9:44:27 AM PDT by AuntB ( "During times of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WmShirerAdmirer

This needs to be a McCain/Palin ad.


103 posted on 10/09/2008 10:01:47 AM PDT by FreedomProtector
[ Post Reply | Private Reply | To 1 | View Replies]

To: zot

Its been “out” for a while now. I myself sent off more than a few emails about it about a week ago. However, just like Acorn and Ayers, we have got to spread it far and wide and make it part of the Internet conciousness before the MSM will pick it up, which it eventually will. We got a few weeks to get’er done!


104 posted on 10/09/2008 10:04:38 AM PDT by Danae (Read my Lipstick: I AM Sarah Palin)
[ Post Reply | Private Reply | To 7 | View Replies]

To: WmShirerAdmirer
Why doesn't CNNLIARS report on THIS?!
105 posted on 10/09/2008 10:06:08 AM PDT by timestax
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maelstorm

Yes, yes it is.


106 posted on 10/09/2008 10:06:47 AM PDT by Danae (Read my Lipstick: I AM Sarah Palin)
[ Post Reply | Private Reply | To 28 | View Replies]

To: maine-iac7

BTTT


107 posted on 10/09/2008 10:10:36 AM PDT by LibertyRocks ( http://LibertyRocks.wordpress.com ~ Pro-Palin & NObama Gear : http://cafepress.com/NO_ObamaBiden08)
[ Post Reply | Private Reply | To 33 | View Replies]

To: FreedomProtector

bttt


108 posted on 10/09/2008 10:12:09 AM PDT by timestax
[ Post Reply | Private Reply | To 103 | View Replies]

To: WmShirerAdmirer

Uh, I um, uh, you know, uh, -— this doesn’t count. I am Barack!


109 posted on 10/09/2008 10:13:04 AM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WmShirerAdmirer

http://www.google.com/search?hl=en&q=Obama+Sued+Citibank+Under+CRA+to+Force+it+to+Make+Bad+Loans&start=40&sa=N

this is all over the web on dozens of blogs...trying to find it on something resembling the MSM is very difficult.


110 posted on 10/09/2008 10:18:41 AM PDT by FreedomProtector
[ Post Reply | Private Reply | To 1 | View Replies]

To: WmShirerAdmirer
Thank you.

When sending links to suspicious liberals it is useful to have the source documents handy.

111 posted on 10/09/2008 10:34:30 AM PDT by Carry_Okie (The fourth estate is the fifth column.)
[ Post Reply | Private Reply | To 92 | View Replies]

To: WmShirerAdmirer

Good post. And I’m in my third reading of Rise & Fall, so I like the handle.


112 posted on 10/09/2008 10:37:13 AM PDT by jjm2111 (Are we going to have a Daily Dose of McCain?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: babydubya1981

Because he’s an arrogant a-hole, he’s teflon coated, he’s a democRAT, the messiah..... need I say more? He’ll never get called on the carpet with this.


113 posted on 10/09/2008 10:49:02 AM PDT by southernindymom
[ Post Reply | Private Reply | To 13 | View Replies]

To: WmShirerAdmirer

I emailed McCain, I hope he uses it.


114 posted on 10/09/2008 11:08:18 AM PDT by Robert DeLong
[ Post Reply | Private Reply | To 1 | View Replies]

To: WmShirerAdmirer
I wish people would post more official links that can be cross-referenced rather than blog posts. The blog post here does not have any references, either. Right-wing blogs are not good enough. They will not be taken seriously. A bunch of right-wing bloggers quoting and linking to each other is not going to break through.

So I have researched a "legitimate" link to the case, from the Civil Rights Litigation Clearinghouse of Washington University Law. Please people, using links like this will get us much further than blog posts.
 
115 posted on 10/09/2008 12:16:27 PM PDT by counterpunch (Jim Jones was a Community Organizer)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NautiNurse

That is such a cute picture!!!

I love it!!!!!

Thanks for the laughs!!


116 posted on 10/09/2008 12:20:42 PM PDT by Gemsbok (Pledge to fight voter FRAUD (Acorn)(Obama) be a poll worker, watcher, observer:Get in their face!!!)
[ Post Reply | Private Reply | To 52 | View Replies]

To: FreedomProtector

This needs to be a McCain/Palin ad.

With the title:

Do you want Obama “Change”? Just check your 401K!


117 posted on 10/09/2008 1:45:52 PM PDT by ssschev (We the people are being "drowned slowly" in the waters of Socialism!)
[ Post Reply | Private Reply | To 103 | View Replies]

To: casinva

Some people look at Snopes as gospel. I do not. For one thing they say it is a myth that soldiers were spit on and cursed at when they returned from Vietnam.


118 posted on 10/09/2008 1:48:18 PM PDT by ichabod1 (You won't know communism is here until it puts a boot in your (fat) derriere.)
[ Post Reply | Private Reply | To 100 | View Replies]

To: WmShirerAdmirer


The Man From A.C.O.R.N.
 

119 posted on 10/09/2008 2:07:54 PM PDT by counterpunch (Jim Jones was a Community Organizer)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WmShirerAdmirer

Wonder if Obama closed as many banks’ branches as Edwards closed doctors’ offices? My guess is that they’re tied. Socialist windbags both!


120 posted on 10/09/2008 3:59:59 PM PDT by CRBDeuce (here, while the internet is still free)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 61-8081-100101-120121-131 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson