Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans Read

Discussion in 'Politics' started by beretta304, Sep 3, 2012.

  1. beretta304
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    beretta304 BANNED

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    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.

    As few as 19 of those 186 clients still own homes with clean credit ratings, following a decade in which Obama and other progressives pushed banks to provide mortgages to poor African Americans.

    The startling failure rate among Obama’s private sector clients was discovered during The Daily Caller’s review of previously unpublished court information from the lawsuit that a young Obama helmed as the lead plaintiff’s attorney.



    Read more: http://dailycaller.com/2012/09/03/w...-to-chicagos-african-americans/#ixzz25QmFxX1k
     
    Last edited: Sep 3, 2012
  2. Amazed
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    Amazed BANNED

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    You beat me by what 2 seconds?

    Turd
     
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  3. FlexibleEnergy
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    FlexibleEnergy BANNED

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    Unfucking believable story.
     
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  4. beretta304
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    beretta304 BANNED

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    :tongue:
     
  5. Stephanie
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    Stephanie Diamond Member Supporting Member

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    Of course he did, so these people losing their homes because of it SHOULD THANK OBAMA
     
  6. NYcarbineer
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    NYcarbineer Diamond Member

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    This is funny.

    Check this out:

    Citigroup Settles FTC Charges Against the Associates Record-Setting $215 Million for Subprime Lending Victims

    Citigroup was pushing the subprime mortgages as hard as they could back then. Partly to bilk customers.

    This is another classic Daily Caller farce.
     
    Last edited: Sep 3, 2012
  7. beretta304
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    beretta304 BANNED

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    There is nothing to indicate Obama was not involved. The only farce is you grasping at straws.
     
  8. NYcarbineer
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    NYcarbineer Diamond Member

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    Nobody's denying Obama wasn't involved. This is an OLD story that was passed around years ago via email spam -

    and debunked in its claims by snopes:

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

    Move along please. This is 2012.
     
  9. Nova78
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    Nova78 Silver Member

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    Everything Obama does turns into a cluster fuck......:eusa_whistle:

    $10_1o025_gasparinoc--300x300.jpg

    $amerEcon-truck.jpg

    $fha_financial_condition_244x183.jpg
     

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