Like I have been saying... Obama's actions with ACORN are directly related to our current Mortgage Crisis.
People need to know this. On Oct 9, 3:21 pm, "d.b.baker" <[EMAIL PROTECTED]> wrote: > [Q] - Do you remember how we told you that the Democ > rats and groups associated with them leaned on banks and > even sued to get them to make bad loans under the C > ommunity Reinvestment Act which was a factor in c > ausing the economic crisis (see HERE and HERE ) … well > look at what some fellow bloggers have dug up whil > e researching Obama’s legal career. Looks like a > typical ACORN lawsuit to get banks to hand out bad l > oans. > > In these lawsuits, ACORN makes a bogus claim of > Redlining (denying poor people loans because o > f their ethnic heritage). They protest and get the lo > cal media to raise a big stink. This stink means > that the bank faces thousands of people closing > their accounts and get local politicians to lo > bby to stop the bank from doing some future busines > s, expansions and mergers. If the bank goes to co > urt, they will win, but the damage is already done be > cause who is going to launch a big campaign to get > the bank’s reputation back? > > It is important to understand the nature of these l > awsuits and what their purpose is. ACORN filed ton > s of these lawsuits and ALL of them allege racis > m. > > Case Name > Buycks-Roberson v. Citibank Fed. Sav. Bank Fair H > ousing/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 prac > tices in the Chicago metropolitan area in violation o > f the Equal Credit Opportunity Act (ECOA), 15 U.S.C. > 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Th > irteenth Amendment to the U.S. Constitution; and 42 > U.S.C. 1981, 1982. Plaintiffs alleged that the Defendant- > bank rejected loan applications of minority applican > ts 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 gran > ted Plaintiffs’ motion to compel discovery of a s > ample of Defendant-bank’s loan application files. Buyc > ks-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.. [...] > > Obama, Barack H. (Illinois) > FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000 > > http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-f... --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
