With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s

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

  1. Freewill
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    Freewill Gold Member

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    With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans

    Read more: With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans | The Daily Caller

    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failure rate among Obama’s private sector clients was discovered during The Daily Caller’s review of previously unpublished


    Read more: With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans | The Daily Caller
     
  2. RetiredGySgt
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    RetiredGySgt Platinum Member

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    It is racism I tell you, they can't pay cause of Republicans obviously. Sarcasm in case some one is to stupid to get it.
     

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