Barack Obama helped cause the housing collapse

Discussion in 'Politics' started by P@triot, Sep 3, 2012.

  1. P@triot
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    P@triot Gold Member

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    No matter how much the idiot liberal dumbocrat closes their eyes, puts their fingers in their ears, and yells "la-la-la-la-la-la-I-can't-hear-you" to reality, the facts are piling up that it was the idiot liberal Dumbocrat that caused the entire financial collapse:

    President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.

    Obama pushed banks to give subprime loans to Chicago blacks | The Daily Caller
     
  2. Matthew
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    Matthew Blue dog all the way!

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    He did lots of pot in college.
     
  3. Listening
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    Listening Gold Member

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    Well, you know the libs.

    Not looking much to the future.....

    Only care about getting elected or looking good to their masters.
     
  4. Charles_Main
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    Charles_Main AR15 Owner

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    Just about every Worthless Politician on both sides of the Isle who served in the last 40 Years plus helped contribute to the Underlying Factors that Brought down the Housing Market, and the Financial House of Cards backing it up.

    There is plenty of Blame to go around.

    Those who try to Pin it all on Obama, are being as Ignorant as those who think it is all on Bush.

    The Truth is Bush Policy may have been the Kick that knocked over the House of Cards, but he didn't build the House of Cards, and Obama well he has Made things worse in a misguided Big Government orientated attempt to rebuild the damn house of Cards on an even Shakier Table.
     
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  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    To settle subprime foreclosure shenanigans...
    :clap2:
    Bank of America to pay Fannie Mae billions to settle mortgage claims
    7 January 2013 - The bank is also the subject of a civil lawsuit brought by federal prosecutors

     
  6. paperview
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    paperview Life is Good

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    Piles of shit from the whackadoodles at Tucker Carlson's DC.

    The idiot writer should have checked out snopes first. The three month old story in the OP is a based on a chain email from 2008.

    snopes.com: Obama Required Banks to Lend Money to Poor People

    Obama did not file the lawsuit nor was he the lead attorney. The word "landmark" should have been your first clue. Obama was a junior lawyer, just out of law school, one of eight attorneys assigned to the case.

    "The 1994 case of Buycks-Roberson v. Citibank Fed. Sav. Bank had nothing to do with requiring lenders to do business with people "who could not show proof that they pay the money back." The case was a class-action lawsuit against Citibank Federal Savings on behalf of a black Chicago woman, Selma Buycks-Roberson, who claims she was unfairly denied a mortgage based on her race. The lawsuit sought to end the process of redlining, a discriminatory process in which banks, insurance companies and other business institutions refuse or limit loans, mortgages, insurance, etc., based solely in the geographic area in which the applicant lives..."

    You gotta love that first paragraph with "In his landmark 1995 mortgage discrimination lawsuit against Citibank"

    Landmark. lol.

    He billed two hours 50 minutes for one dude.
     
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  7. Mr. Shaman
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    Mr. Shaman Senior Member

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    We feel your embarrassment.
    [​IMG]

    *​

    [​IMG] . [​IMG] . [​IMG] . [​IMG] . [​IMG]

    [​IMG] . [​IMG] . [​IMG]

    [​IMG]
     
  8. Mac1958
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    Mac1958 Platinum Member

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    :clap2:

    Bingo.

    As simple as all the partisans want to make the deepest and most complex financial meltdown in our history, it just ain't that simple.

    That won't stop them, though.

    .
     

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