They settled out of Court, for a reason... Again, your ignorance about such things is duly noted.
As is your willingness to just overlook such things, and put the People who caused this mess in Charge. And you wonder why I call you an Idiot? On Oct 12, 7:29 am, Hollywood <[EMAIL PROTECTED]> wrote: > Gaar, > > If the claims were bogus then it would have been no problem for the > bank to have won their case in court. The goal of ANY civil suit filed > anywhere and any time is to get the results you want. Duuuh. > I've addressed the particular quoted suit in a previous post on this > thread. I won't repeat myself. > > On Oct 12, 4:12 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > >http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-... > > > AUDIO - OBAMA SAID IN 2007 THAT GIVING SUB-PRIME LOANS TO PEOPLE WHO > > COULDN’T AFFORD THEM WAS A GOOD IDEA!!! > > > “I’ve been fighting alongside ACORN on issues you care about my entire > > career. Even before I was an elected official, when I ran Project Vote > > voter registration drive in Illinois, ACORN was smack dab in the > > middle of it, and we appreciate your work.” — Barack Obama, Speech to > > ACORN, November 2007 > > > 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 by abusing the Community Reinvestment Act (see HERE and > > HERE)? The abuse of this act by ACORN and officials like Janet Reno > > was a factor in causing the economic crisis. The harasment suits filed > > under this act were used to get banks to lower credit standards and > > hand out high risk loans. Fellow bloggers have dug up the lawsuit > > below while researching Obama’s legal career. It is a typical example > > of an ACORN harassment lawsuit. > > > 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.- 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 * 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. -~----------~----~----~----~------~----~------~--~---
