Obama, ACORN – Follow the Money!

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

Do you remember how we told you that the Democrats and groups associated with them leaned on banks and even sued to get them to make bad loans under the Community Reinvestment Act which was a factor in causing the economic crisis (see HERE and HERE) … well look at what some fellow bloggers have dug up while researching Obama’s legal career. Looks like a typical ACORN lawsuit to get banks to hand out bad loans.

In these lawsuits, ACORN makes a bogus claim of Redlining (denying poor people loans because of their ethnic heritage). They protest and get the local media to raise a big stink. This stink means that the bank faces thousands of people closing their accounts and get local politicians to lobby to stop the bank from doing some future business, expansions and mergers. If the bank goes to court, they will win, but the damage is already done because who is going to launch a big campaign to get the bank’s reputation back?

It is important to understand the nature of these lawsuits and what their purpose is. ACORN filed tons of these lawsuits and ALL of them allege racism.

Case Name
Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory Illinois

Case Summary
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982. Plaintiffs alleged that the Defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctive relief, actual damages, and punitive damages.

U.S. District Court Judge Ruben Castillo certified the Plaintiffs’ suit as a class action on June 30, 1995. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 322 (N.D. Ill. 1995). Also on June 30, Judge Castillo granted Plaintiffs’ motion to compel discovery of a sample of Defendant-bank’s loan application files. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 338 (N.D. Ill. 1995).

The parties voluntarily dismissed the case on May 12, 1998, pursuant to a settlement agreement.

Plaintiff’s Lawyers Alexis, Hilary I. (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Childers, Michael Allen (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Clayton, Fay (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Cummings, Jeffrey Irvine (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Love, Sara Norris (Virginia)
FH-IL-0011-9000
Miner, Judson Hirsch (Illinois)
FH-IL-0011-7500 | FH-IL-0011-9000
Obama, Barack H. (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Wickert, John Henry (Illinois)
FH-IL-0011-9000

UPDATE: www.Hotair.com comments on this story HERE.

“Yes we Can?” – Yes we can…What? Maybe the worse of Two Evils?

“Yes we Can” has turned into the champion chant for Senator Barak Obama. But there are other issues in his home state of Illinois the people are still struggling with. If this is the way of the “Yes we Can” political platform, we as a community and country have to look very deep at the issues that for the most part have left Illinois worse off than “pre” Obama.

This video is moderated by Chicago’s 1^st Congressional District Candidate Antoine Members. Be afraid…very afraid!

• Welcome

  
  

  Blog Network:

  Name:
  The Independent Business News Network

  Topics:
  Politics, Money, Community

  Join my network

  Blog Networks

  The Independent Business News Network covers Politics, Business, Community, Money, Education and Accountability.

  Our focus has been North Minneapolis, but we sometime take submissions from around the world. IBNN has the ability to deliver news and information via the Internet to over 8 million readers globally. IBNN is read in China, the UK, Africa, South America and the United States.

  IBNN - "First Amendment Rights" are very important.

  The IBNN does not charge for advertising and we have no alliances with any organizations to give us the opportunity to look at all issues and events without outside interference.

  For more information, contact the IBNN headquarters a (612) 986-0010.

  Submissions:

  All material submitted to the Independent Business News Network (www.IBNN.org) and Twin City Business (www.tcbusiness.org/blog),(the “Submissions”) become the property of IBNN and Twin City Business and will not be returned. Without affecting any of your ownership rights to the Submission, by submitting your Submission, you grant IBNN an irrevocable royalty-free, worldwide right, in all media (now known or later developed) to use, publish, alter or otherwise exploit your Submission and to sublicense such rights to a licensee at IBNN’s discretion. You hereby forever release IBNN and any of its licensees from any and all claims you might have in connection with its use and exhibit of your Submission as set forth above. You also agree to sign (your parent or legal guardian if you are a minor in your state or Province) any necessary documentation to effectuate that license and release. Your Submission must be your own original work and, by submitting your Submission, you represent and warrant that: it is your sole original work; and you have obtained any and all consents, approvals or licenses required for you to submit your Submission (including obtaining the written consent of all 3rd parties, where applicable). Your submission must not contain material which is violent, pornographic or otherwise obscene, illegal or racially or otherwise morally offensive. You agree to indemnify and hold harmless IBNN, its parents, subsidiaries and affiliated companies, each of their respective licensees, successors and assigns, and each of their respective employees, agents, representatives, officers and directors from and against any and all claims, losses, costs, damages, liabilities, losses, costs and expenses (including, without limitation, attorneys; fees) which arise out of any breach of this agreement or any of these covenants, agreements, obligations, rights, representations or warranties set forth herein. You waive any claim of infringement (including without limitation copyright, trademark, patent, trade name, trade secret, etc.) against IBNN or its licensees based upon access to or use of your Submission. If you do not want to grant IBNN the foregoing, please do not submit your Submission. IBNN is not obligated to use the Submission.

• Pages

  • Contact

• Recent Posts

  • Apology to the North Minneapolis Community. We don’t have leaders, we have self-appointed spokespersons
  • The Death of North Minneapolis…
  • IBNN Exclusive Report: Youth with weapon attempts to enter funeral of Alisha “Lele” Neely (Captured on Film)
  • WCCO 4 (CBS) Television fails in journalistic integrity with “edited and spliced” tape of the Minneapolis Police Beating of Ira Stafford…rating F-
  • MURDERAPOLIS – Code 4, No More
• Search for:

• IBNNNEW

  • Apology to the North Minneapolis Community. We don’t have leaders, we have self-appointed spokespersons Donald Allen
  • The Death of North Minneapolis… Donald Allen
  • IBNN Exclusive Report: Youth with weapon attempts to enter funeral of Alisha “Lele” Neely (Captured on Film) Donald Allen
  • WCCO 4 (CBS) Television fails in journalistic integrity with “edited and spliced” tape of the Minneapolis Police Beating of Ira Stafford…rating F- Donald Allen
  • MURDERAPOLIS – Code 4, No More Donald Allen

• Comments

  • Joseph McKenzie on WCCO 4 (CBS) Television fails in journalistic integrity with “edited and spliced” tape of the Minneapolis Police Beating of Ira Stafford…rating F-
  • Glem on WCCO 4 (CBS) Television fails in journalistic integrity with “edited and spliced” tape of the Minneapolis Police Beating of Ira Stafford…rating F-
  • Interested in Being Involved on The Death of North Minneapolis…
  • Walter Scott Hudson on The Death of North Minneapolis…
  • marvin smith on The Death of North Minneapolis…

• Meta

  • Register
  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

• News Services

  
  
  
  
  
  
  Web Counter
  
  
  
  
  
  Stumble It!