You have absolutely no idea what you're taliking about Holly. On Oct 9, 9:29 pm, Hollywood <[EMAIL PROTECTED]> wrote: > d.b > > Let's take a closer look at this shall we? > > <<<CRE which was a factor in causing the economic crisis>>>> > > Quite possible. The problem was caused by many factors. How would a > reasonably objective and sane person arrive at a determination as to > how big a factor? > > <<<This stink means that the bank faces thousands of people closing > their accounts>>> > > Those people have no money. If they did they should have no problem > getting a home loan. How much money could poor people have in their > accounts? You think big corporations and wealthy people are going to > pull out big money in support of ACORN?Wouldn't losing a few small > accounts be better in the long run than being "forced" to make bad > loans? Why not defuse the "stink" by proving ACORN'S charges false? > > >>>Who is going to launch a big campaign to get the bank's reputation > >>>back?<<<< > > Uh, the banks themselves. Almost all have huge PR departments. They > spend fortunes doing such things already. You've never seen a bank > advertise? Why do you think God created ad agencies and PR firms? > > >>> Judge > > Castillo granted plantiffs motion to compel discovery of an ample > amount of defendant-banks loan application files.<<< > > And 12 days after the judge did that "the parties voluntarily > dismissed the case". > > NOW, your not the least bit curious as to what the defendant banks > didn't want "discovered" and made public so badly they were happy to > let themselves be "forced' to make loans they believed to be bad? > Could it be, just possibly, that they were guilty as charged and > didn't want THAT "discovered"? > > On Oct 9, 5:21 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...- > >Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum
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