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

[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/

[Saab-driving Yuppie]

Why can’t we put something this cogent into an ad instead of the ramblings of the week-old weak ads we get in this market?

[Saab-driving Yuppie]

Why can’t we put something this cogent into an ad instead of the ramblings of the week-old weak ads we get in this market?

[angelsonmyside]

Whoa, great find!

[longtermmemmory]

is this the same bad race based loans made on the defective rigged study that insanely over estimated the problem.

[maine-iac7]

I just sent emails to all of the above. EVERYONE, flood them with Freepmails ASAP!

GREAT!

Thank you!

WE need to form a group who will do this on the crucial issues like ACORN, Odinga-Obama, Obama-Sub Prime loans and FAnnie and Freddie, Obama's planned National Police Force, etc.

check your Freep mail

;o)

[unspun]

James Simpson, a former White House economist, has just published "Barack Obama & the Strategy of Manufactured Crisis" - on AmericanThinker.com at http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html

Listen to this Interview of James Simpson, by Sandy Rios, Tuesday 9/30 - WYLL 1160AM, Chicago, IL
From http://www.culturecampaign.com/culturecorner.aspx

Further documentation connecting the dots of all the neo-Marxists who have invested in the development of Barack Obama may be found on discoverthenetworks.org

Simpson documents his research in his article, providing Web links. He provides a rough flow chart.

"CHANGE"

[casinva]

Thank you for this post.

I googled “The Cloward-Piven Strategy” and learned SO much in just a couple of reads!

When I googled that, the first search result I got today was:

http://www.discoverthenetworks.org/groupProfile.asp?grpid=6967

That article was very well written, and even though it had a lot of information, I was able to understand it, and I could easily see after reading that how everything happening now with America seems to go together. I’ll tell you what, that stuff is scary.

[Mr. K]

Sarah should do an ‘ACORN speach’ where she goes from beginning to end the history of Acorn, Obama’s relation, the current financial crisis and their part in it, and the current election fraud related DIRECTLY to ACORN.

A full hour of ACORN and Obama’s involvment (isn’t AYESRS associated strongly with them too?)

[MNSlim]

This punk’s house of cards has to collapse SOME time? Doesn’t it?????

[XR7]

Beh.
McCain won’t bring this up in the next debate either.

[maine-iac7]

GREAT LINKS

[WmShirerAdmirer]

Here is the original link.

http://clearinghouse.wustl.edu/detail.php?id=10112

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 Amendm ...

Same article can be found here:

http://iusbvision.wordpress.com/2008/09/30/obama-sued-

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

http://www.redcounty.com/sarasota/2008/10/obama-sued-citibank-under-cra/

[Islander7]

“...Good find! This information should get legs, NOW !..”

This has been all over the web for weeks.

No one at any of media outlets is listening.

[frankiep]

Which would be reduced to a 5 second sound byte by the media, followed by 10 minutes of “analysis” by MSM commentators explaining to everyone why what she said was racist.

[Islander7]

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

I am confident there are thousands of others who share those thoughts.

I try to tell my friends and Obama supporters how he is corrupt, dangerous, deceitful and radical. All I get in return are blank stares or rage.

I have lost a couple of close friends over this. There are things larger, more important than friendships.

Thanks for allowing me to vent.

[WestCoastGal]

FYI

[TheThinker]

It is time for this country to come to grips with its white guilt trip and its guilt of success. These two seemingly harmless ideas are literally tearing this country to shreds.

[NOBAMA in 08]

WOW!!!! Just now Obama HUSSEIN is on all three cables ranting and raving that these bad loans are due to Wall Street Greed and the Repblican Administration!!!
THE RNC better pick this up and rub Obama HUSSEIN’S nose in this cow manure that he has pooped along with other wenches.
Obam was a major contributor to the creation of this horrific financial disaster, all to buy stinking, putrid dirty VOTES and get POWER NO MATTER THE COST!

[libscum]

This is not relevant since katie , Charlie, Hissy and Brokjaw fail to report this as news. Anything other the the Messiah's talking point's is totally irrelevant and should not be discussed. He is the Savior Any critique or even a simple questio nabout anything in his past is racist. Please DON"T ASK HIM ANYTHING. HE is eh Messiah and should not be questioned.

[casinva]

I went to that snopes article to see what you were talking about, and although it categorizes it as false, it only categorizes it as false because Obama was only a junior lawyer in the suit.

That snopes article, after the big flag of “false”, when some might just stop reading and say “oh, ok, that is just false then”, goes on to show Obama WAS in on the action, if only as a junior lawyer. That article defines Obama’s part as representing a Calvin Roberson in 1994 against Citibank, charging that “the bank systematically denied mortgages to African-American applicants and others from minority neighborhoods.”

Snopes admits (after they claim the information is false to begin with) that the lawsuit (in which they themselves admit Obama was a part of) charged that Citibank (and I’m writing from snopes.com itself) “rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories.”

So here is what I get from the snopes.com attempt to call this false — that snopes called it false because Obama was only one of the lawyers involved and not the one who actually “FILED” the claim to begin with. Obama WAS involved, according to snopes (if you were careful enough to read the article itself) and Obama represented one of the cases, again according to snopes.

Oh, there are plenty other Obama articles on snopes as well, mostly flagged as false as well, but DO make sure you read the articles with a keen eye for WHY they might declare them as false. There is usually a minor detail in the story they will take to declare the entire thing false, and if you just read the true or false flag, you’ll be sorely unaware of the truth itself!