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

SniperFire

Senior Member
Feb 28, 2012
13,627
1,226
48
Inside Your Head
'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.'


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


Sweet job, fucktard.
 
Of course, Owebama owes much of his legacy of destruction of mortgage lending standards to Slick Willy and his revisions of the Community Reinvestment Act!
 
less than 10% of the foreclosures are for red lined/black peoples mortgages..........

More than 90% OF FORECLOSURES are NOT for poor people in red line districts...

A BIG FAIL on the Daily Caller Media Rag
 
Of course, Owebama owes much of his legacy of destruction of mortgage lending standards to Slick Willy and his revisions of the Community Reinvestment Act!

EXACTLY. Don't forget the dems' cash cows Fannie & Freddie as enabled/protetced by Barney Frank and the senate dems. IMHO the dems had more to do with the actually causing financial crisis than the GOP.
 
less than 10% of the foreclosures are for red lined/black peoples mortgages..........

More than 90% OF FORECLOSURES are NOT for poor people in red line districts...

A BIG FAIL on the Daily Caller Media Rag

That's exactly right.

The problem was not that poor people were allowed to buy houses because the banks were required to give them loans if they lived in teh wrong neighborhoods.

The problem is places like where I live, where the developers threw up these huge "McMansions" with wood frames and fake stone facades that they sold to people who were hoping to flip their investment in a couple of years.
 
less than 10% of the foreclosures are for red lined/black peoples mortgages..........

More than 90% OF FORECLOSURES are NOT for poor people in red line districts...

A BIG FAIL on the Daily Caller Media Rag


Yet, once people such as Obama and Clinton destroyed traditional lending standards for some, they necessarily destroyed them for all.


And it was hogs to the trough from that point forward.

Now you should understand how it worked.
 
Of course, Owebama owes much of his legacy of destruction of mortgage lending standards to Slick Willy and his revisions of the Community Reinvestment Act!

EXACTLY. Don't forget the dems' cash cows Fannie & Freddie as enabled/protetced by Barney Frank and the senate dems. IMHO the dems had more to do with the actually causing financial crisis than the GOP.

Oh yea. Obama was the second biggest recipient of F and F money and he got it in the shortest amount of time compared to the rest. It was nothing but a personal cash cow. That is why the Dems closed ranks and refused to allow the Bush administration to investigate and create tougher regulations. They claimed nothing was wrong despite the warnings of a future financial crisis.

Yup, Clinton revived Carter's community reinvestment act and took it a step further to force banks to make bad loans. There was obviously a reason why they didn't want to make risky loans to begin with, but F and F was at the ready to buy up the toxic loans, which they did and then bundled and sold them as if they had value. Franklin Raines left F and F at the start of the crisis with millions and, to this day, the Dems refuse to discuss him.
 
'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.'


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


Sweet job, fucktard.

Good, I am glad you think the GOP as fucktards also
Bank standards fell so fast that by 2006, Citigroup and other banks were offering favorable mortgages to many legal and illegal immigrants who did not have assets or stable incomes – and with the full support of “compassionate conservative” President George W. Bush.

Read more: Obama pushed banks to give subprime loans to Chicago blacks | The Daily Caller
 
less than 10% of the foreclosures are for red lined/black peoples mortgages..........

More than 90% OF FORECLOSURES are NOT for poor people in red line districts...

A BIG FAIL on the Daily Caller Media Rag


Yet, once people such as Obama and Clinton destroyed traditional lending standards for some, they necessarily destroyed them for all.


And it was hogs to the trough from that point forward.

Now you should understand how it worked.

Why do you only include democrats only? Trying to protect your party?
 
spin-wool-fiber-800x800.jpg
 
less than 10% of the foreclosures are for red lined/black peoples mortgages..........

More than 90% OF FORECLOSURES are NOT for poor people in red line districts...

A BIG FAIL on the Daily Caller Media Rag


Yet, once people such as Obama and Clinton destroyed traditional lending standards for some, they necessarily destroyed them for all.


And it was hogs to the trough from that point forward.

Now you should understand how it worked.

Why do you only include democrats only? Trying to protect your party?


I said it was hogs to the trough after Obama and Clinton opened Pandora's Box.


Tard.
 
Yet, once people such as Obama and Clinton destroyed traditional lending standards for some, they necessarily destroyed them for all.


And it was hogs to the trough from that point forward.

Now you should understand how it worked.

Why do you only include democrats only? Trying to protect your party?


I said it was hogs to the trough after Obama and Clinton opened Pandora's Box.


Tard.

hog refering to the backing of more bad loans by President Bush also?
 

New Topics

Forum List

Back
Top