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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
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To: WmShirerAdmirer

The UN - ACLU - ACORN seditious trifecta!


121 posted on 10/09/2008 4:42:53 PM PDT by Jo Nuvark (Those who bless Israel will be blessed, those who curse Israel will be cursed. Gen 12:3)
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To: WmShirerAdmirer

Obama soon jailed?


122 posted on 10/09/2008 4:52:00 PM PDT by Ulysse
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To: casinva

You aren’t the first person I’ve encountered that commented how well-written and easy to understand (and yes, scary too)that link is. I’m glad it’s on the web for people to read! Please send it to everyone you know.


123 posted on 10/09/2008 6:43:36 PM PDT by VigilantAmerican (We will not waver, we will not tire; we will not falter, we will not fail)
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To: casinva

Thanks for this post. You cleared the snopes’ challenge of being false up nicely, I’m copying for future reference. Thanks again.


124 posted on 10/09/2008 6:47:06 PM PDT by WmShirerAdmirer
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To: Maelstorm
....."I wonder if this is what Obama meant by “community organizing”."....

Exactly, that is the gist of it from what I understand. He worked for Acorn to harass business to give loans to people that couldn't pay, and worked to get government money for liberal causes. Instead of helping the neighborhood, he would get money to push socialist propaganda in the ghetto's.

It's like a cancer in Chicago. One hand helps the other hand to cut the throat of anyone that doesn't get along. This oligarchy gets money from one another to pass along to each other to destroy America. If you remember, when the bailout was first discussed, Acorn was to get 20% of any money the government might make on the bad paper they would buy and sell. The Dems had a laundry list of La Raza, Acorn, and other left wing crap tagged on to the bill thinking it HAD to pass. Notice, when it was removed from the bill to get passed, we can't find out who suggested it to be added to the bill.

125 posted on 10/09/2008 10:12:36 PM PDT by chuckles
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To: Calpernia; milford421; Velveeta; DAVEY CROCKETT; LibertyRocks

Ping.


126 posted on 10/10/2008 12:27:54 AM PDT by nw_arizona_granny ( http://www.freerepublic.com/focus/chat/1990507/posts?page=451 SURVIVAL, RECIPES, GARDENS, & INFO)
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To: mewzilla

BTTT.


127 posted on 10/10/2008 5:31:10 AM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: FrdmLvr

“There must be a connection to Jesse Jackson’s Rainbow Coalition....”

Obama, Jackson and a faith-based grant

http://articles.latimes.com/2008/jul/12/nation/na-obamafaith12

Freddie Mac & Fannie Mae FUND JESSE JACKSON Rainbow Coalitions-TAX $ at WASTE

http://www.ireport.com/docs/DOC-48510


128 posted on 10/10/2008 10:53:32 AM PDT by RasterMaster (CHANGE is not a destination - HOPE is not a strategy!)
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To: Nightshift

gnip...


129 posted on 10/10/2008 3:43:42 PM PDT by tutstar (Baptist Ping list - freepmail me to get on or off.)
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To: WmShirerAdmirer

bttt


130 posted on 10/12/2008 9:53:33 AM PDT by tutstar (Baptist Ping list - freepmail me to get on or off.)
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To: Maelstorm
>>>I wonder if this is what Obama meant by “community organizing”.<<<

ACORN is a Community Organizing lobby group.

"Community Organizers" are more apporpriately labeled "Community Agitators"

ACORN's specialities include; 1] extortion of banks to extend loans to those who do not meet any qualifications, 2] voter registration of anyone that can fog a mirror [and some that can't], whether or not they meet legal requirements to vote, and 3] aiding and abetting illegal immigration and agitating for rights for illegals.

Here is a long, but excellent article that explores the roots of todays banking crisis, Obama, Obama's friends and ACORN. It's simply the best I've read.

http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html

131 posted on 10/12/2008 5:15:16 PM PDT by HardStarboard ("The urge to save humanity is almost always a false front for the urge to rule - Mencken knew Obama)
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