UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans

[WillowTree]

UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans | Media Circus

 

[Larkinn]

UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans | Media Circus

Which must be why Citibank is failing now, right? Oh wait, they just bought Wachovia (or are trying too), and is coming out as one of the winners in this whole crisis.

Obama forced Citibank to make loans to minorities with equal financial standing to whites. Do you consider those "bad loans"? Why? Why aren't the ones to whites of equal financial status "bad loans"? Is there something about being black which makes one untrustworthy?

This is a particularly stupid claim from the right. But keep at it, this one will for sure backfire if you push it too far.