Skip to comments.Obama Sides With Banks Accused of Racism
Posted on 04/17/2009 1:50:46 PM PDT by Lorianne
The administration defends lenders that allegedly bilked minority customers. What gives? ___ A number of big national banks stand accused of systematically bilking black and Latino borrowers. And the administration of our first black president is siding with the banks.
At the end of April, the Obama administration will go before the US Supreme Court to argue that those banksincluding bailout recipients Bank of America, Citi, Wells Fargo, and JPMorgan Chaseshould be allowed to duck a state investigation into their lending practices. If that sounds like the politics of the past, it is. The Obama administration has opted to maintain the stance of the Bush administrationone opposed by the NAACP and other major civil rights groups. And it won't be some Bush holdover making the arguments in Cuomo v. The Clearing House Association (an industry group whose membership includes the world's largest banks). Instead, the banks will be defended by the office of Obama's new solicitor general, former Harvard Law School dean Elena Kagan, whom some conservatives have branded a "radical leftist" because of her record opposing military recruitment on college campuses.
(Excerpt) Read more at motherjones.com ...
When Mother Jones calls him down, that’s something XD
Soo prize, soo prize.
Naw, they know Ocommie is their man.
The fact is this administration wants NO investigation into banks’ lending practices to minorities, for we would then know the reason for the financial collapse and who caused it.
Poor ol’ Mother Jones. Still doe$n’t realize what liberali$m i$ all about.
Revolving Door, Bailout Edition
Chris Dodds Personal Bailout
How much longer can Obama hide the fact that lefties under several different presidents encouraged banks to actually single out distressed minorities to get overly generous (and overly risky) home loans? Then when the risk kicks in, guess who gets left holding the bag.
Mother Jones must have a huge readership. This article was published April, 7. I just posted the 23rd comment.
Lemme guess: "bilking" means they wouldn't give them a whole bunch of money the banks knew they couldn't pay back.
I’d think: more like granted them ARMs with low teaser rates that let the principal grow instead of shrink.
Obama could walk up to one of his useful idiots, kick him in the jewels and tell him he lied and won’t do crap for him. The idiot will turn and say, Obama gonna pay my mortgage.
These people don’t have a clue.
I'm getting tired of this.
He isn't our first black president. He's our 44th white president.
If he's half white from a white mother and half black from a black father, he can't hardly be a black president now, can he?
Remember the one-drop rule.
Going by that standard, he’s about as black as all get out.