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Guilty! "Obama Sued Citibank to Force it to Make Bad Loans"
Media Circus via Gabrielle Cusumano/Townhall ^ | October 3, 2008 | Fellow Bloggers to Media Circus

Posted on 10/08/2008 9:31:36 PM PDT by WmShirerAdmirer

"...lo­o­k­ at what so­me fello­w blo­g­g­ers hav­e d­u­g­ u­p­ while researc­hin­g­ O­bama’s leg­al c­areer. Lo­o­k­s lik­e a typ­ic­al AC­O­RN­ lawsu­it to­ g­et ban­k­s to­ han­d­ o­u­t bad­ lo­an­s."

UPDATED: Obama sued Citibank Under CRA to Force it to Make Bad Loans

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 unde­r­ t­he­ Co­m­m­uni­t­y R­e­i­nve­st­m­e­nt­ Act­ whi­ch was a fact­o­r­ i­n causi­ng t­he­ e­co­no­m­i­c cr­i­si­s (se­e­ HER­E a­n­d HER­E ) … well lo­o­k­ at what so­me fello­w blo­g­g­ers hav­e d­u­g­ u­p­ while researc­hin­g­ O­bama’s leg­al c­areer. Lo­o­k­s lik­e a typ­ic­al AC­O­RN­ lawsu­it to­ g­et ban­k­s to­ han­d­ o­u­t bad­ lo­an­s.

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.

P­la­int­iff’s La­w­yers A­lexis, Hila­ry I. (Illino­is) FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000

Child­ers, M­icha­el A­llen (Illino­is) FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000

Cla­yt­o­n, Fa­y (Illino­is) FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000

Cum­m­ing­s, Jeffrey Irvine (Illino­is) FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000

Lo­ve, Sa­ra­ No­rris (Virg­inia­) FH-IL-0011-9000

M­iner, Jud­so­n Hirsch (Illino­is) FH-IL-0011-7500 | FH-IL-0011-9000

Oba­m­­a­, Ba­r­a­ck H­. (Illinois­) FH-I­L-0011-7500 | FH-I­L-0011-7501 | FH-I­L-0011-9000

Wi­ckert­, J­o­hn­ Hen­ry­ (I­lli­n­o­i­s) FH-I­L-0011-9000

Excerpt from: Media Circus at: http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/


TOPICS: Breaking News; Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 2008; acorn; bailout; bankingbailout; citibank; communityorganizer; cra; cultureofcorruption; dembacle; democrats; democratscandals; demron; economy; elections; financialcrisis; housingbubble; inequity; nobama08; obama; obamascandals; obamatruthfile
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1 posted on 10/08/2008 9:31:36 PM PDT by WmShirerAdmirer
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To: WmShirerAdmirer

BTTT


2 posted on 10/08/2008 9:32:18 PM PDT by Jet Jaguar (Who would the terrorists vote for?)
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To: WmShirerAdmirer

Is it my net access or is there really hyphens between each letter on these pages.


3 posted on 10/08/2008 9:35:46 PM PDT by Ciexyz
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To: WmShirerAdmirer
Photobucket
4 posted on 10/08/2008 9:35:54 PM PDT by Bronco_Buster_FweetHyagh (I cling to guns and religion.)
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To: WmShirerAdmirer

5 posted on 10/08/2008 9:36:53 PM PDT by SlowBoat407 (Obama will give us enough hope to hang ourselves.)
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To: WmShirerAdmirer

I’m at a loss.


6 posted on 10/08/2008 9:37:18 PM PDT by HelloooClareece ("We make war that we may live in peace". Aristotle)
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To: WmShirerAdmirer

Good find! This information should get legs, NOW !


7 posted on 10/08/2008 9:37:23 PM PDT by zot
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To: WmShirerAdmirer

This is huge and needs to be spread everywhere


8 posted on 10/08/2008 9:37:29 PM PDT by Azzurri
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To: WmShirerAdmirer

Bookmarked. Thank you


9 posted on 10/08/2008 9:38:49 PM PDT by syriacus (At the intersection of Congress+ Fannie Mae .... you'll find the DEMron Scandal, a real DEMbacle.)
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To: WmShirerAdmirer; sarasota

this needs to be forwarded to Hannity...now!


10 posted on 10/08/2008 9:39:05 PM PDT by IndianPrincessOK (McCain/Palin...2 pit bulls, one with lipstick! Pigs will fly with lipstick Nov. 4th)
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To: WmShirerAdmirer

Jesse & Al are pikers...


11 posted on 10/08/2008 9:39:29 PM PDT by Hoosier-Daddy ("It does no good to be a super power if you have to worry what the neighbors think." BuffaloJack)
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To: WmShirerAdmirer

Thanks for posting this!


12 posted on 10/08/2008 9:40:15 PM PDT by markedmannerf
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To: WmShirerAdmirer

Wow, good find. Obama is so arrogant, it is astouding and scary. How does he have the gall to fault Bush every chance he gets, when he and his buddies have had a direct hand in causing this mess. Unreal!!


13 posted on 10/08/2008 9:41:10 PM PDT by babydubya1981 (Homeschooling Moms for McCain/Palin 08)
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To: WmShirerAdmirer

Flood Drudge.


14 posted on 10/08/2008 9:42:04 PM PDT by SlowBoat407 (Obama will give us enough hope to hang ourselves.)
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To: WmShirerAdmirer

BTTT. I can not believe the levels of corruption this guy is involved in. Drudge needs to cover this.


15 posted on 10/08/2008 9:44:13 PM PDT by Minus_The_Bear
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To: zot; All

Spread the word! Researched it myself on goggle afterwards but couldn’t find out who the bloggers were. Here’s the link to one of the original articles:http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/


16 posted on 10/08/2008 9:44:27 PM PDT by WmShirerAdmirer
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To: WmShirerAdmirer

Why doesn’t this surprise me?


17 posted on 10/08/2008 9:44:46 PM PDT by TBP
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To: WmShirerAdmirer

We need to e-mail everyone on this one,NOW!You know they are still making CRA loans?I heard an ad today on the radio.


18 posted on 10/08/2008 9:45:05 PM PDT by nomad
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To: ConservativeMan55; nomad

ping


19 posted on 10/08/2008 9:45:28 PM PDT by Minus_The_Bear
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To: WmShirerAdmirer

bump.....sheesh.....there’s just TOO MUCH OUT THERE!!! So much, that I believe people won’t believe it....typical democrat strategy....


20 posted on 10/08/2008 9:45:58 PM PDT by goodnesswins (Socialism is great until you run out of someone else's money (M. Thatcher))
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To: WmShirerAdmirer; All

Same article can be found here: http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/ and http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/ and here http://www.redcounty.com/sarasota/2008/10/obama-sued-citibank-under-cra/


21 posted on 10/08/2008 9:49:21 PM PDT by WmShirerAdmirer
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To: WmShirerAdmirer

Did anyone send this to Saracuda? She would get on it..McC would just let it slide.


22 posted on 10/08/2008 9:52:12 PM PDT by celtic gal (have you seen the utube about Camp Obama's Youth Rgt? you will see that knuckle thing is a salute.)
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To: IndianPrincessOK

And Bill O’R..his hair will be on fire about this one.


23 posted on 10/08/2008 9:52:59 PM PDT by celtic gal (have you seen the utube about Camp Obama's Youth Rgt? you will see that knuckle thing is a salute.)
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To: WmShirerAdmirer

Thanks for the links to the articles where Obama acted as the lawyer to sue to enable bad loans.


24 posted on 10/08/2008 9:53:48 PM PDT by Sundog (Palin --- She who can shoot a moose can shoot a Russian bear.)
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To: celtic gal
"ACORN was also a driving force behind a 1995 regulatory revision pushed through by the Clinton administration that greatly expanded the CRA and helped spawn the current financial crisis." IBD Editorials

"The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN's Madeline Talbott in her pioneering ["community organizer"] efforts to force banks to suspend their usual credit standards. Yet he supported Talbott in every conceivable way. He trained her personal staff and other aspiring ACORN leaders, he consulted with her extensively, and he arranged a major boost in foundation funding [via CAC and Woods Fund] for her efforts." [NYPost]
25 posted on 10/08/2008 10:06:33 PM PDT by igoramus08
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To: WmShirerAdmirer

There must be a connection to Jesse Jackson’s Rainbow Coalition, a Chicago based community organization that used the same tactics to shake down businesses in the 90’s. If a connection can be made to that slime ball Jackson, it would ad more fuel to the fire.


26 posted on 10/08/2008 10:18:09 PM PDT by FrdmLvr ("Stand up, Chuck!")
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To: Azzurri
I've been sending it for a week or so now, nobody has said a peep. I also sent the Odinga info to EVERYONE, nada nuttin. It will be on Hanity and Colmes Monday. If someone besides Hanity doesn't pick this stuff up, it will be laughed off. The Corsi guy wil just be last term's “swiftboater” if it doesn't get carried by Rush or someone else. Now we have written proof that Obama was a “New Party” ( Socialist party) candidate. It won't matter if it just floats around a few blogs.

I also sent the proof that Citi Bank, while begging for gubmint money, gave $1 million to La Raza on Sept 30, 2008. The AIG CEO's got ripped for just $500k for a spa trip and Citi donates $1 million to La Raza and not a peep. The media is just dead. Nobody cares.

Reckon Bwarney Fwank will grill Citi folks for giving money to La Raza while claiming "brokeness"?

27 posted on 10/08/2008 10:19:58 PM PDT by chuckles
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To: chuckles

This I think is an important story. I wonder if this is what Obama meant by “community organizing”.


28 posted on 10/08/2008 10:24:53 PM PDT by Maelstorm (This country was not founded with the battle cry "Give me liberty or give me a government check!")
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To: WmShirerAdmirer; All

Here is another link to the story, it is at Hot Air at:
http://hotair.com/archives/2008/09/29/what-does-a-community-organizer-do-pressure-banks-to-make-bad-loans/


29 posted on 10/08/2008 10:26:17 PM PDT by WmShirerAdmirer
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To: WmShirerAdmirer

Big stuff if this can be corroborated.


30 posted on 10/08/2008 11:12:38 PM PDT by Salvation ( †With God all things are possible.†)
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To: Jet Jaguar

this is the real smoking gun


31 posted on 10/08/2008 11:19:07 PM PDT by dila813
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To: WmShirerAdmirer

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

ALSO:
“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

get this info to the media and the campaign


32 posted on 10/08/2008 11:39:44 PM PDT by maine-iac7 ("He has the right to criticize who has the heart to help" Lincoln)
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To: Azzurri; IndianPrincessOK

“This is huge and needs to be spread everywhere”

This is out GOLDEN GOOSE EGG to let America know who was in the thick of the whole fiasco from the get go - these were the NINJA loans (No income No job needed) that then got shifted over to Fannie & Freddie - who rewarded obamama handsomely...2nd highest beneficiary.

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

(Also, a direct quote from obamama - connection to voter fraud tactics;

“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

OKAY FOLKS - this may be our last shot to wake up America. They’re paying attention to the economic mess - let’s let ‘em know where to point the finger.

FOX is stepping up to the plate and really exposing the demRATS and ‘bambi. Let’s keep FREEPING them info.
Remember the formula of the networks: The office people that screen the emails only pass them on when they get X-amount on a given subject.

So this is OUR part - WE the PEOPLE - in protecting our freedoms.

hannity@foxnews.com

oreilly@foxnews.com

Special@foxnews.com

ElRushbo@eibnet.com

ontherecord@foxnews.com

letter@charleskrauthammer.com

me@glennbeck.com

and the McC/Sarah campaign at:

info@McCainPalinVictory2008.com

Be sure to add your name and town and email - or they won’t read them.

IMPORTANT when emailing. they won’t read mass emails - SO,

put just one email add in the “to” line then click on BBC at the end of that line. a BCC line will open just above subject line. copy paste the rest of the addresses in there and each recipient will see ONLY their name - and in the subject line make reference to ___________________

Let’s make it happen. This is our part in protecting our freedoms = WE THE PEOPLE - we act now or get ready for Jack Boots and Brown Shirts...Obama already has his personal police force plans ready

copy the email addresses for use for the rest of the campaign


33 posted on 10/08/2008 11:48:40 PM PDT by maine-iac7 ("He has the right to criticize who has the heart to help" Lincoln)
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To: WmShirerAdmirer

“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. “

Shades of Jesse J.

The shakedown - and ‘bambi was in the thick of it.

Also see this link - and a quote by him last year at ACORN.

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

“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

His fingerprints are all over both scandels in the news - actually 3 - the Corsi Odinga Obama one also.

let’s get the emails to the media going.

This is where the US of the U.S. - the WE of WE the PEOPLE - get to do our part to save our freedoms


34 posted on 10/09/2008 12:05:42 AM PDT by maine-iac7 ("He has the right to criticize who has the heart to help" Lincoln)
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To: Texas4ever
Just for grins, check this thread out.

If these things grow legs, we're sittin' pretty. :)

35 posted on 10/09/2008 12:07:57 AM PDT by Allegra ( Go Sarah!)
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To: chuckles
Resend those emails! You were right on it first and they (news media) you sent items to “must” listen, bloggers like you are our only hope! Kudos for being on top of it before the rest of us, keep up the good work!!!
36 posted on 10/09/2008 6:03:41 AM PDT by WmShirerAdmirer
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To: WmShirerAdmirer

This will destroy Obama. Send it to radio talk shows. Also this deserve to be in the Breaking News section.


37 posted on 10/09/2008 6:06:30 AM PDT by jveritas (Use the nuclear option against Obama: Jeremiah Wright)
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To: Allegra
For later.

L

38 posted on 10/09/2008 6:07:09 AM PDT by Lurker (She's not a lesbian, she doesn't whine, she doesn't hate her country, and she's not afraid of guns.)
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To: jveritas

Moved to Breaking. Thanks.


39 posted on 10/09/2008 6:09:36 AM PDT by Admin Moderator
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To: WmShirerAdmirer
McCain mentioned Obama’s ties to Fannie May and Freddie Mac during the last debate. Now he needs to say something like “Obama sued Citibank Under CRA to Force it to Make Bad Loans”.
40 posted on 10/09/2008 6:14:16 AM PDT by McGruff (Sarah. We crave red meat. Red meat!)
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To: Admin Moderator

Excellent, thank you.


41 posted on 10/09/2008 6:16:27 AM PDT by jveritas (Use the nuclear option against Obama: Jeremiah Wright)
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To: WmShirerAdmirer

Now if we can only find a way to link this to the OJ Simpson Trial, Faux News would be all over this like the funk on Obama’s plane!


42 posted on 10/09/2008 6:16:57 AM PDT by Old Sarge (Illic Est Haud Deus)
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To: Old Sarge

A good video to describe what Obama and the Democrats did to bring us to this economic Pandora’s box is located here:

http://www.jibjab.com/view/253615


43 posted on 10/09/2008 6:20:52 AM PDT by WaterBoard
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To: WmShirerAdmirer

The lawsuit seems to have targetted the redlining practice.

Basically...white and black with equal credit histories receiving different loan results.

I don’t see this as a smoking gun.


44 posted on 10/09/2008 6:21:39 AM PDT by jamz
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To: WmShirerAdmirer

bttt


45 posted on 10/09/2008 6:22:18 AM PDT by aculeus
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To: WmShirerAdmirer

Cool! Now if the McCain campaign would take this news and run with it... what the Hell; pile all this crap on Obama all at once, ACORN vote fraud, ACORN housing fraud, market collapse, Weather Underground, Rezko...


46 posted on 10/09/2008 6:23:28 AM PDT by onemiddleamerican
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To: WaterBoard

You know this.

I know this.

Most FReepers know this.

The Sheep are watching “Celebrity Dancing with the American Idols who Want to be Millionaires with a View of Regis and Kelly on the next Oprah”, so please keep the noise down...


47 posted on 10/09/2008 6:23:32 AM PDT by Old Sarge (Illic Est Haud Deus)
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To: Maelstorm
A.C.O.R.N. = Association of Community Organizations for Reform Now
48 posted on 10/09/2008 6:27:55 AM PDT by Notwithstanding (Obama/Biden: the "O" stands for Zero Executive Experience & Zero Accomplishments)
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To: Notwithstanding

Thank you HILLARY for getting us all this information...


49 posted on 10/09/2008 6:28:53 AM PDT by Blue Turtle (I)
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To: jamz
Every time race is injected Obama loses. This is a very powerful stuff against Obama.
50 posted on 10/09/2008 6:28:53 AM PDT by jveritas (Use the nuclear option against Obama: Jeremiah Wright)
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