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Glenn Beck : 1994 Obama, Class Action Lawsiut, force High Risk Mortgages

Posted on 10/01/2008 6:21:52 AM PDT by Scythian

More details to come, it was settled out of court and involved either CitiCorp or CitiBank.


TOPICS: News/Current Events
KEYWORDS: 2008; democrats; elections; glennbeck; mortgages; nobama08; obama
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1 posted on 10/01/2008 6:21:53 AM PDT by Scythian
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To: Scythian
In addition to his militant anti-American associates and his abjectly marxist positions, Obama is directly tied to the current financial crisis.

OBAMA IS IMPLICATED IN THE FINANCIAL CRISIS

NOW WE KNOW WHAT A COMMUNITY ORGANIZER DOES



I'M VOTING FOR SARAH

2 posted on 10/01/2008 6:23:17 AM PDT by Jeff Head (Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
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To: Scythian

Thanks for posting! Looking forward to more details on this.


3 posted on 10/01/2008 6:25:38 AM PDT by Freedom56v2
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To: bushwon

LEXIS/NEXIS is currently printing money on this one. Maybe the courthouse surfers will be having a field day. FOIA will be suspended by noon.


4 posted on 10/01/2008 6:29:40 AM PDT by pointsal
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To: Jeff Head
Found more info:

Obama represented Calvin Roberson in a 1994 lawsuit against Citibank, charging the bank systematically denied mortgages to African-American applicants and others from minority neighborhoods.

See Sweetness and Light
5 posted on 10/01/2008 6:29:42 AM PDT by Scythian
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To: Scythian

Everyone got things up side down! I am not opposed to giving a lot of people a chance to buy their own homes but if they are a poor risks deserve higher intrest rates.

Give them the loan at the higher rate. If they make their payments as scheduled for “X” number of years they have become a better risk. As a better risk they should be rewarded with a lower rate.


6 posted on 10/01/2008 6:31:34 AM PDT by WellyP
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To: Scythian
I read somewhere that Obama was one of the main lawyers (I think I actually read THE main lawyer but don't know the truth of this) lobbying for the CRA in '95 during the Clinton administration.

If his is true, I would think that would be a fairly major news item for some talk show host.

7 posted on 10/01/2008 6:31:50 AM PDT by what's up
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To: Jeff Head

I like to tell people “I’m gonna vote for her because she’s cute”.


8 posted on 10/01/2008 6:32:02 AM PDT by Freedom4US
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To: Scythian

ARRRGGGGG!!! There is TONS of stuff out there on Obama and it does not seem like the Republicans and McCain are using it.

They should be making adds asking the american public if they want Chicago style politics for the entire country?? Then show clips of stuff on Tony Rezko, and Jerimiah Wright and acorn lawsuits.

We need to link Obama to this Freddie and Fannie cover up using the tape of Maxine Waters and company grilling the regulators.

We need to show tapes of Obama and Biden making their stupid comments that the media wont show.

Where is the RNC??? Where are the 527’s??? Where are the McCain adds??

Heck I can’t even get my darn bumper stickers and yard signs I ordered and paid for a month ago!!!!

I have seen better political adds on youtube made by ordinary citizens than what the GOP is putting on TV!!!


9 posted on 10/01/2008 6:32:45 AM PDT by BobinIL
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To: Scythian

Exaclty...Obama’s been in the middle of the engineering of this, from the foot soldier stage through litigation right up to the leadership stage for a long time.


10 posted on 10/01/2008 6:33:44 AM PDT by Jeff Head (Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
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To: WellyP

This is the bailout I am hoping for:

I’m was against the $85 Million bailout of AIG. (already done)

Instead, I’m in favor of giving $85 Million to
America in a “We Deserve It Dividend”.

To make the math simple, let’s assume there are
200 million bonafide U.S. Citizens 18+.

Our population is about 301, million+/- counting every man,
woman and child. So 200 million might be a fair stab at
adults 18 and up..

So divide 200 million adults 18+ into $85 billion that
equals $425,000.

My plan is to give $425,000 to every person 18+ as a “We
Deserve It Dividend.”

They are considering giving wall street $700 BILLION. If they would give us only as much as they gave AIG….Shoot, the CEO’ s of Fannie mae and Freddie Mac, who work for Obama, got over $20 million for leaving the tax payer backed company in ruin.. Tony Rezko got $11 million in the Chicago taxpayer backed housing plan–and left the public housing in ruin–Why shouldn’t the People who ARE the government get this measly $425,000?

Just think what could happen. Really.

Of course, it would NOT be tax free. So let’s assume a
tax rate of 30%. (current tax laws, not Obama’s plan)

Every individual 18+ has to pay $127,500 in taxes. That
sends $25 million right back to Uncle Sam.

But it means that every adult 18+ has $297,500 in their
pocket. A husband and wife has $595,000.

What would you do with $297,500 to $595,000 in your
family?

Pay off your mortgage - housing crisis solved.

Repay college loans - what a great boost to new grads

Put away money for college - education crisis solved

Send kids to private school—education equal and fair

Save in a bank - bank crisis solved. Create money to loan to entrepreneurs.

Buy a new car - save auto industry

Start a small business—create jobs

Invest in the market - capital drives growth

Pay for your medical insurance - health care
improves

Enable Deadbeat Dads to come clean - or else

Remember this is for every adult U S Citizen 18+ including
the folks who lost their jobs at Lehman Brothers and every
other company that is cutting back. And of course, for those
serving in our Armed Forces.

If we’re going to re-distribute wealth let’s really do
it…instead of trickling out a puny $1000 ( “vote
buy” ) economic incentive.

If we’re going to do an $85 billion bailout, let’s bail
out every adult U S Citizen 18+!

Sure it’s a crazy idea that can “never work.”

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the
$85 Billion “We Deserve It Dividend,” more than I do the geniuses on Wall Street, or in Washington DC.

And remember, The “We Deserve It Dividend” plan only really costs $59.5
Billion because $25.5 Billion is returned instantly in taxes
to Uncle Sam.


11 posted on 10/01/2008 6:34:12 AM PDT by tuckrdout (~ 'Those who hammer their guns into plows, will plow for those who don't.' ~)
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BTTT


12 posted on 10/01/2008 6:34:12 AM PDT by tiredoflaundry (McCain/Palin '08)
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To: Scythian

‘Obama=ACORN’ v. Citibank
http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/


13 posted on 10/01/2008 6:35:51 AM PDT by Bulwinkle
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To: ourusa; Apple Blossom; BabyBMW; theKid51

ping


14 posted on 10/01/2008 6:36:14 AM PDT by bmwcyle (Vote McWhatshisname and PALIN)
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To: BobinIL

Where ARE the 527’s? I would think McCain’s former prisoners would make a commercial, without his consent.


15 posted on 10/01/2008 6:36:24 AM PDT by tuckrdout (~ 'Those who hammer their guns into plows, will plow for those who don't.' ~)
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To: tuckrdout
So divide 200 million adults 18+ into $85 billion that equals $425,000.

Juuuuuuuuussssssssssssssssssst a bit outside.


16 posted on 10/01/2008 6:38:00 AM PDT by Travis T. OJustice (Change is not a destination, just as hope is not a strategy.)
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To: tuckrdout
Your math is trash. A billion in other countries is a trillion in the US. It is $425 dollars, not $425,000 dollars. This is junk.

John / Billybob

17 posted on 10/01/2008 6:38:07 AM PDT by Congressman Billybob (www.theacru.org)
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To: WellyP

“I am not opposed to giving a lot of people a chance to buy their own homes but if they are a poor risks deserve higher intrest rates.”

—oh you mean like... “free market” ???

that is the whole point. once the government gets involved in mandating business practices...


18 posted on 10/01/2008 6:38:19 AM PDT by zwerni (*** PALIN/mccain 2008 ***)
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To: Scythian
This video is a brief attempt to keep the albatross around The Obama's neck.
19 posted on 10/01/2008 6:38:52 AM PDT by SlowBoat407 (Obama will give us enough hope to hang ourselves.)
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To: Scythian

http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/


20 posted on 10/01/2008 6:39:04 AM PDT by navysealdad (http://drdavehouseoffun.com/)
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